Algorand’s ALGO token listing on Coinbase Pro, price jumps 11.85% Mitchell Moos

The Coinbase Pro announcement of Algorand’s ALGO listing pushed the price up from $0.727 to $0.814 within 40 minutes, an 11.85 percent increase—and wicking the price as high as $0.841.

Algorand—a Boston-based blockchain company created to improve blockchain decentralization, scalability, and security—made the news last month after it completed a $60 million token sale. The company’s token sale implied that Algo token’s market capitalization was close to $6 billion, which would make it the seventh-largest coin.

Today, Coinbase announced it was listing the coin on Coinbase Pro, the crypto exchange’s professional trading platform. The price surged as a result, historically in line with the “Coinbase Effect.” Read More at CryptoSlate...

#Coinbase #ALGO #SmallCapCoins

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