๐ Why Is Algorand Surging?
$ALGO has skyrocketed 74.7% this month, trading at $0.215 today, with an 18% surge in 24 hours. Here's why it's turning heads:
๐ Overall positive market sentiment following Donald Trumpโs victory
๐ก Key Fundamentals: Ultra-fast transactions, low fees, low energy usage
๐บ๐ธ Regulatory Boost: Recent U.S. tax proposals may eliminate capital gains taxes for crypto companies. This could supercharge American-based projects like Algorand. Other American cryptos like $XRP and $HBAR are also soaring.