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These factors will determine ALGO’s rise on the charts
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Until recently, ALGO was one of the few coins not adhering to the broader market trend. It did record a couple of local highs lately and it seemed like it would continue its northbound journey.
Interestingly, a day back, ALGO witnessed an overnight spike of more than 75% in just a matter of 15 minutes. This uptick wasn’t entirely out of the blue and a couple of factors triggered the said surge.
A day back 21Shares announced the listing of an Algorand-based Exchange Traded Product in Switzerland. As soon as the news started spreading like wildfire, the price of the asset started reacting positively.
Similarly, in another announcement yesterday, South Korean crypto exchange Upbit revealed that it had listed ALGO token in the KRW market, meaning
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