{"id":637327,"date":"2024-08-23T09:00:42","date_gmt":"2024-08-23T09:00:42","guid":{"rendered":"https:\/\/www.shenyangcang.com\/?p=637327"},"modified":"2024-08-22T20:36:25","modified_gmt":"2024-08-22T20:36:25","slug":"algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14","status":"publish","type":"post","link":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/","title":{"rendered":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%"},"content":{"rendered":"

In a recent report analyzing the second quarter (Q2) performance of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones achieved by the network during the period, with a record in transactions being one of the most notable ones.<\/span><\/p>\n

Rapid Network Growth<\/span><\/h2>\n

One of the key metrics<\/span><\/a> that stood out was the surge in Algorand’s average daily transactions, which skyrocketed by 104% to reach 4.7 million. The total transactions recorded a more modest 6% quarter-over-quarter (QoQ) increase, reaching 425 million.<\/span><\/p>\n

Despite this heightened transaction volume, Algorand’s revenue took a hit, declining by 61% to $152,000. The report attributed this to a 46% depreciation in the value of ALGO against the US dollar compared to the previous quarter. Even though the <\/span>average transaction<\/span><\/a> fee rose by 44%, the overall dollar revenue still declined.<\/span><\/p>\n

\"Algorand\"
Algorand’s revenue decreased during Q2. Source: Messari<\/a><\/figcaption><\/figure>\n
Related Reading: Bitcoin Could Target $63,000 But Must First Clear This Vital Resistance Level<\/a><\/div>\n

The 61% decrease in quarterly revenue was also traced to a correction following ALGO\u2019s 1,747% surge in Q1, driven by a one-day spike of 43 million transactions linked to the ORA memecoin project.\u00a0<\/span><\/p>\n

However, on a year-over-year (YoY) basis, Algorand’s <\/span>revenue <\/span><\/a>saw a substantial 1,241% increase, climbing from $11,000 to $152,000.<\/span><\/p>\n

On a positive note, Algorand reached a significant milestone of 2 billion transactions during the quarter, showcasing the network’s growth and adoption. Notably, the network took four years to achieve its first billion transactions, while the second billion was reached within just one year.<\/span><\/p>\n

Algorand Staking Drops To Lowest Level In A Year<\/span><\/h2>\n

In Q2 2024, the amount of ALGO staked on the Algorand network declined 38% YoY and 6% QoQ, reaching its lowest level at 1.6 billion ALGO staked in a year. Messari believes this may be due to the decreasing rewards allocated per governance period.\u00a0<\/span><\/p>\n

The percentage of Algorand’s eligible supply that was <\/span>staked <\/span><\/a>decreased by 4.7% QoQ and now stands at 20.2%. Meanwhile, Algorand’s circulating supply increased by 1.2% to 8.2 billion ALGO.<\/span><\/p>\n

Lastly, data shows that the market cap for stablecoins on Algorand increased by 15% QoQ, rising from $73 million to $85 million, primarily driven by a 32% increase in Circle\u2019s USDC stablecoin market cap, which now accounts for 78% of the total stablecoin market cap on Algorand.\u00a0<\/span><\/p>\n

Conversely, Tether\u2019s USDT market cap dropped by 22%, making up 21% of Algorand’s <\/span>stablecoin market share<\/span><\/a>. EURD’s market cap remained at a 1% share of Algorand’s stablecoin market cap.<\/span><\/p>\n

ALGO Price Faces Make-Or-Break Moment<\/span><\/h3>\n

The ALGO token has seen significant price gains in recent weeks after a challenging Q2 for the price and the broader market. CoinGecko <\/span>data <\/span><\/a>shows that the token has seen a 14% price increase in the last two weeks and 12% in the last seven days alone.\u00a0<\/span><\/p>\n

This has resulted in ALGO trading at $0.1357, just below its 200-day exponential moving average (EMA), marked by the yellow line on the ALGO\/USDT daily chart below, which currently acts as a wall of <\/span>resistance <\/span><\/a>for the token.<\/span><\/p>\n

Related Reading: Solana Dump Far From Over? Whales Continue To Dump SOL<\/a><\/div>\n

It will be essential to clear this hurdle for a potential continuation of the price’s uptrend in the coming days and to establish the same near-term support in the event of a correction.\u00a0<\/span><\/p>\n

\"Algorand\"
The daily chart shows that ALGO’s price is trending upwards. Source: ALGOUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

Featured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent report analyzing the second quarter (Q2) performance of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones achieved by the network during the period, with a record in transactions being one of the most notable ones. Rapid Network Growth One of the key metrics that stood out was the surge in Algorand’s average daily transactions, which skyrocketed by 104% to reach 4.7 million. The total transactions recorded a more modest 6% quarter-over-quarter (QoQ) increase, reaching 425 million. Despite this heightened transaction volume, Algorand’s revenue took a hit, declining by 61% to $152,000. The report attributed this to a 46% depreciation in the value of ALGO against the US dollar compared to the previous quarter. Even though the average transaction fee rose by 44%, the overall dollar revenue still declined. Related Reading: Bitcoin Could Target $63,000 But Must First Clear This Vital Resistance Level The 61% decrease in quarterly revenue was also traced to a correction following ALGO\u2019s 1,747% surge in Q1, driven by a one-day spike of 43 million transactions linked to the ORA memecoin project.\u00a0 However, on a year-over-year (YoY) basis, Algorand’s revenue saw a substantial 1,241% increase, climbing from $11,000 to $152,000. On a positive note, Algorand reached a significant milestone of 2 billion transactions during the quarter, showcasing the network’s growth and adoption. Notably, the network took four years to achieve its first billion transactions, while the second billion was reached within just one year. Algorand Staking Drops To Lowest Level In A Year In Q2 2024, the amount of ALGO staked on the Algorand network declined 38% YoY and 6% QoQ, reaching its lowest level at 1.6 billion ALGO staked in a year. Messari believes this may be due to the decreasing rewards allocated per governance period.\u00a0 The percentage of Algorand’s eligible supply that was staked decreased by 4.7% QoQ and now stands at 20.2%. Meanwhile, Algorand’s circulating supply increased by 1.2% to 8.2 billion ALGO. Lastly, data shows that the market cap for stablecoins on Algorand increased by 15% QoQ, rising from $73 million to $85 million, primarily driven by a 32% increase in Circle\u2019s USDC stablecoin market cap, which now accounts for 78% of the total stablecoin market cap on Algorand.\u00a0 Conversely, Tether\u2019s USDT market cap dropped by 22%, making up 21% of Algorand’s stablecoin market share. EURD’s market cap remained at a 1% share of Algorand’s stablecoin market cap. ALGO Price Faces Make-Or-Break Moment The ALGO token has seen significant price gains in recent weeks after a challenging Q2 for the price and the broader market. CoinGecko data shows that the token has seen a 14% price increase in the last two weeks and 12% in the last seven days alone.\u00a0 This has resulted in ALGO trading at $0.1357, just below its 200-day exponential moving average (EMA), marked by the yellow line on the ALGO\/USDT daily chart below, which currently acts as a wall of resistance for the token. Related Reading: Solana Dump Far From Over? Whales Continue To Dump SOL It will be essential to clear this hurdle for a potential continuation of the price’s uptrend in the coming days and to establish the same near-term support in the event of a correction.\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":626365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[85658],"tags":[85659,86940,71759,86939,84527,92251,92250,86938,85413,6664,14690],"class_list":["post-637327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-algorand-algo","tag-algo-price","tag-algo-price-analysis","tag-algorand","tag-algorand-algo","tag-algorand-blockchain","tag-algorand-ecosystem","tag-algorand-news","tag-algousd","tag-algousdt","tag-crypto","tag-crypto-news"],"acf":[],"yoast_head":"\nAlgorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%<\/title>\n<meta name=\"description\" content=\"In a recent report of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%\" \/>\n<meta property=\"og:description\" content=\"In a recent report of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-23T09:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-22T20:36:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747\" \/>\n\t<meta property=\"og:image:width\" content=\"1308\" \/>\n\t<meta property=\"og:image:height\" content=\"747\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ronaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Rmmcapital\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ronaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\"},\"author\":{\"name\":\"Ronaldo Marquez\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\"},\"headline\":\"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%\",\"datePublished\":\"2024-08-23T09:00:42+00:00\",\"dateModified\":\"2024-08-22T20:36:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\"},\"wordCount\":573,\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747\",\"keywords\":[\"ALGO Price\",\"ALGO price analysis\",\"algorand\",\"Algorand (ALGO)\",\"Algorand blockchain\",\"Algorand ecosystem\",\"Algorand news\",\"ALGOUSD\",\"ALGOUSDT\",\"crypto\",\"crypto news\"],\"articleSection\":[\"Algorand\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\",\"url\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\",\"name\":\"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%\",\"isPartOf\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747\",\"datePublished\":\"2024-08-23T09:00:42+00:00\",\"dateModified\":\"2024-08-22T20:36:25+00:00\",\"description\":\"In a recent report of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747\",\"width\":1308,\"height\":747,\"caption\":\"Bittensor\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.shenyangcang.com\/#website\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c\",\"name\":\"Ronaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g\",\"caption\":\"Ronaldo Marquez\"},\"description\":\"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.\",\"sameAs\":[\"https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=\",\"https:\/\/x.com\/Rmmcapital\"],\"url\":\"https:\/\/www.shenyangcang.com\/author\/ronaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%","description":"In a recent report of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/","og_locale":"en_US","og_type":"article","og_title":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%","og_description":"In a recent report of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones.","og_url":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-08-23T09:00:42+00:00","article_modified_time":"2024-08-22T20:36:25+00:00","og_image":[{"width":1308,"height":747,"url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747","type":"image\/jpeg"}],"author":"Ronaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@Rmmcapital","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Ronaldo Marquez","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#article","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/"},"author":{"name":"Ronaldo Marquez","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c"},"headline":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%","datePublished":"2024-08-23T09:00:42+00:00","dateModified":"2024-08-22T20:36:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/"},"wordCount":573,"publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747","keywords":["ALGO Price","ALGO price analysis","algorand","Algorand (ALGO)","Algorand blockchain","Algorand ecosystem","Algorand news","ALGOUSD","ALGOUSDT","crypto","crypto news"],"articleSection":["Algorand"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/www.shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/","url":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/","name":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%","isPartOf":{"@id":"https:\/\/www.shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage"},"image":{"@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747","datePublished":"2024-08-23T09:00:42+00:00","dateModified":"2024-08-22T20:36:25+00:00","description":"In a recent report of the Layer 1 (L1) blockchain Algorand (ALGO), data analytics firm Messari highlighted several notable milestones.","breadcrumb":{"@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#primaryimage","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747","width":1308,"height":747,"caption":"Bittensor"},{"@type":"BreadcrumbList","@id":"https:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%"}]},{"@type":"WebSite","@id":"https:\/\/www.shenyangcang.com\/#website","url":"https:\/\/www.shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/www.shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/23849d4cdb61b3b34c9e7e5fea0a9a6c","name":"Ronaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/327ecc4c8e744ef573507a8dd49440d7?s=96&d=mm&r=g","caption":"Ronaldo Marquez"},"description":"Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. Ronaldo recognizes that patterns exist within the chaos of crypto charts, and by utilizing technical analysis tools and indicators, he can unlock hidden opportunities and make informed investment decisions. His dedication to mastering this analytical approach has allowed him to navigate the volatile crypto market with confidence and precision. Ronaldo's commitment to his craft goes beyond personal gain. He is passionate about sharing his knowledge and insights with others, empowering them to make well-informed decisions in the crypto space. Ronaldo's writing is a testament to his dedication, providing readers with meaningful analysis and up-to-date news. He strives to offer a comprehensive understanding of the crypto industry, helping readers navigate its complexities and seize opportunities. Outside of the crypto realm, Ronaldo enjoys indulging in other passions. As an avid sports fan, he finds joy in watching exhilarating sporting events, witnessing the triumphs and challenges of athletes pushing their limits. Furthermore, His passion for languages extends beyond mere communication; he aspires to master German, French, Italian, and Portuguese, in addition to his native Spanish. Recognizing the value of linguistic proficiency, Ronaldo aims to enhance his work prospects, personal relationships, and overall growth. However, Ronaldo's aspirations extend far beyond language acquisition. He believes that the future of the crypto industry holds immense potential as a groundbreaking force in history. With unwavering conviction, he envisions a world where cryptocurrencies unlock financial freedom for all and become catalysts for societal development and growth. Ronaldo is determined to prepare himself for this transformative era, ensuring he is well-equipped to navigate the crypto landscape. Ronaldo also recognizes the importance of maintaining a healthy body and mind, regularly hitting the gym to stay physically fit. He immerses himself in books and podcasts that inspire him to become the best version of himself, constantly seeking new ways to expand his horizons and knowledge. With a genuine desire to become the best version of himself, Ronaldo is committed to continuous improvement. He sets personal goals, embraces challenges, and seeks opportunities for growth and self-reflection. Ultimately, combining his passion for cryptocurrencies, dedication to learning, and commitment to personal development, Ronaldo aims to go hand-in-hand with the exciting new era that the emerging crypto technology is bringing to the world and societies.","sameAs":["https:\/\/instagram.com\/itsmarquez_fr?igshid=ZDdkNTZiNTM=","https:\/\/x.com\/Rmmcapital"],"url":"https:\/\/www.shenyangcang.com\/author\/ronaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%","url":"http:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.shenyangcang.com\/news\/algorand-algo\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\/"},"thumbnailUrl":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747"},"articleSection":"Algorand","author":[{"@type":"Person","name":"Ronaldo Marquez"}],"creator":["Ronaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["algo price","algo price analysis","algorand","algorand (algo)","algorand blockchain","algorand ecosystem","algorand news","algousd","algousdt","crypto","crypto news"],"dateCreated":"2024-08-23T09:00:42Z","datePublished":"2024-08-23T09:00:42Z","dateModified":"2024-08-23T09:00:42Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Algorand Achieves New Record With 2 Billion Transactions, ALGO Price Jumps 14%\",\"url\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/algorand-algo\\\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.shenyangcang.com\\\/news\\\/algorand-algo\\\/algorand-achieves-new-record-with-2-billion-transactions-algo-price-jumps-14\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Screenshot_219.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Screenshot_219.jpg?fit=1308%2C747\"},\"articleSection\":\"Algorand\",\"author\":[{\"@type\":\"Person\",\"name\":\"Ronaldo Marquez\"}],\"creator\":[\"Ronaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"algo price\",\"algo price analysis\",\"algorand\",\"algorand (algo)\",\"algorand blockchain\",\"algorand ecosystem\",\"algorand news\",\"algousd\",\"algousdt\",\"crypto\",\"crypto news\"],\"dateCreated\":\"2024-08-23T09:00:42Z\",\"datePublished\":\"2024-08-23T09:00:42Z\",\"dateModified\":\"2024-08-23T09:00:42Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.shenyangcang.com\/wp-content\/uploads\/2024\/06\/Screenshot_219.jpg?fit=1308%2C747","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/637327"}],"collection":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/users\/589"}],"replies":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/comments?post=637327"}],"version-history":[{"count":0,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/posts\/637327\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media\/626365"}],"wp:attachment":[{"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/media?parent=637327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/categories?post=637327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.shenyangcang.com\/wp-json\/wp\/v2\/tags?post=637327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}