Algorand price
Algorand’s price is currently at $0.18, reflecting a broader selloff in the cryptocurrency market following the Federal Reserve’s recent rate hike of 0.25%. This increase in rates has contributed to a decline in risk assets, including cryptocurrencies. Technical indicators are pointing towards a potential for further downside risk for Algorand. The market’s reaction to the Fed’s decision has been significant, with many investors reassessing their positions in light of the new interest rate environment. As the crypto market grapples with these changes, Algorand’s performance will be closely monitored by traders and analysts alike.
