Cryptocurrency Defends $60 Million Not-an-ICO After 56% Price Crash
Algorand had its successful first auction last month, leaving its closing price at $2.40. It currently trades on cryptocurrency exchanges such as Binance for just over $1.
Algorand employed a Dutch Auction, which means traders don't know how much they'll get until the auction ends. The only thing the investor can initially be sure of is how much they're investing.
Algorand Price Drops 56% After Cryptocurrency Token Sale
Algorand is one of a growing number of blockchain platforms that will provide functionality to companies investigating the nascent technology.
Other efforts like IOTA have managed to snag partnerships with companies like Jaguar Land Rover – thus far, it seems anything is possible.
Erstwhile, significant crypto platforms like Tron and Ethereum enjoy extensive usage.
Google and Microsoft even support Ethereum.
