@BOMBERuss 10 September 2021 more from that month

Solana, after still being able to set a new high above $200, is down by 12%. It was replaced by Algorithand and Tezos as the growth leaders – smart contract platforms remain in the trend. "While bitcoin continues to fluctuate, the continued superiority of certain altcoins, among which SOL and ALGO are leading, allows us to cautiously hope that this is just a pit on the way to higher prices," Tan said. ALGO rose more than twice from Tuesday's lows and reached $2.44. It has not traded so high since its launch in 2019, when its price for a short time was more than $3. Today, ALGO managed to reach the 12th place in the list of the largest assets of the cryptocurrency market by capitalization. Several factors could have had a positive impact on Algorithand. Like Solana, it uses an energy-efficient Proof-of-Stake consensus mechanism. On August 31, the financial services company Koibanx announced the signing of an agreement with the authorities of El Salvador for the development of a blockchain infrastructure based on Algorithand. In the future, Koibanx also intends to use Algorithand in its other projects, for example, for tracking coronavirus and in financial services. In addition, in general, smart contract platforms are able to experience a positive impact from interest in Solana due to the transfer of capital to other projects after the rise in price of SOL by 350% in 30 days. #Cryptocurrency