#BinanceTurns8 #SpotVSFuturesStrategy
$ALGO What is the reason for the sharp rise? And why is this a relevant coin (which I mentioned 3 months ago)🚀
24-hour growth: ALGO-33%, SOL-13%, AVAX-8%, ADA-7%, DOT-6%
What triggered the sharp rise of ALGO?
✨Technical breakthrough
ALGO has surpassed two key moving averages — the 50-day EMA at $0.1977 and the 200-day EMA at $0.2181. This double 'breakout' is usually perceived by traders as a signal for the start of a strong bullish trend.
✨Surge in on-chain activity
Transaction volume increased by 30% over the week to 5.8 million transactions.
Active addresses increased by 22%, reaching ~78,766 unique wallets.
Network fees skyrocketed by 25% to $3,600 per day.
The share of stablecoins (predominantly USDC) on the Algorand blockchain increased by 77% to ~$120 million.
All of this indicates a significant rise in demand for the network and signifies that real usage has accelerated.
✨Increased investor interest
The overall cryptocurrency market has been rising for the third consecutive day, with 98 of the top 100 coins showing growth. However, ALGO (+33%-34%) is outpacing the average one-day rise of most major tokens (usually 5–15%)
Why is ALGO leading in growth right now?
✨Optimal combination of 'tech' and 'fundamentals'. Most competitors have yet to show such a noticeable improvement in transaction frequency and volume.
✨Low fees + instant finalization. In a rising market, users and projects seek fast, reliable networks. Algorand meets these criteria without compromise.
✨Recent upgrades in the ecosystem. Integrations with Galxe, Folks Finance, Tinyman, and the expansion of staking (Réti, Binance Soft Staking) have strengthened trust and attracted new participants.
✨The market values energy efficiency and ESG. ALGO remains one of the most 'green' options due to the proven energy efficiency of the Pure Proof-of-Stake protocol.
Key events and their contribution to ALGO growth
💥Integration of Wormhole NTT (July 1, 2025)
On July 1, the Algorand Foundation officially launched support for the Wormhole Native Token Transfers (NTT) standard in collaboration with Folks Finance. It allows native token transfers between over 40 networks without 'wrapping' (wrapped assets). This instantly increased interest in cross-chain projects based on ALGO and resulted in approximately 4% one-day price growth after the announcement algorand.coPR Newswire.
💥Launch of staking on Binance and Crypto.com (July 11, 2025)
On July 11, the largest exchanges Binance and Crypto.com opened up on-chain staking of ALGO for users: Over 1.95 billion ALGO has already been staked on hundreds of validators. The introduction of a simple 'entry point' for passive income attracted new investors and added approximately 5–6% to the price in the first days after the announcement.
💥Technical breakthrough - breakout from resistance range (July 14, 2025)
— The price broke the resistance at $0.27, triggering algorithmic buys and attracting traders who were taking profits from the breakout.
— ALGO ranked top-1 in growth among all coins on CoinMarketCap (+33% over 24h), while its competitors typically added only 5–15% BanklessTimesBanklessTimes.
💥Overall bullish sentiment in the market (since the beginning of the week)
— Bitcoin rose above $123,000, setting a positive tone for the entire market.
— ALGO, as an energy-efficient and environmentally friendly PoS project, received the highest influx of capital among Layer-1 networks.
