24/7 Cryptocurrency News

How This Token Is Beating The Crypto Crash By 20%

The Algorand price has surged over 20% in the last 7 days despite the crypto crash due to unfavorable market conditions.
Published by
How This Token Is Beating The Crypto Crash By 20%

The cryptocurrency market is falling due to bearish macroeconomic conditions. Bitcoin has fallen below the $19K mark and is currently trading at $18.7K. Ethereum went down by 6% in the last 24 hours and by more than 20% in the last 7 days. However, Algorand’s native token ALGO is beating the bearish sentiment of the market.

ALGO is currently up by more than 8% in the last 24 hours despite a major sell-off in the rest of the altcoin market. In the last 7 days, Algorand is up by over 20%. Algorand’s achievement is a result of achieving 6000 TPS on its blockchain, which outperforms Mastercard’s 5000 TPS.

The Federal Reserve decided to increase interest rates by an unusually large 75 basis points. Fed chair Jerome Powell promised that more quantitative tightening is appropriate. As a result, the crypto market is in a major rut. 

Advertisement

Why Algorand Is Outperforming The Crypto Market?

Algorand is a proof-of-stake-based blockchain protocol. The team claims to achieve decentralization, security, and scalability without compromises. It also considers environmental sustainability as the protocol’s biggest selling point. 

Yesterday, Algorand achieved one of its most important technical accomplishments. State Proofs became available on the Algorand blockchain. State proofs give the blockchain the ability to digitally sign any message in a truly decentralized manner. According to Silvio Micali, the co-founder of Algorand, state proofs allow his blockchain safety against quantum attacks. It also allows decentralized bridges with other blockchains. 

More importantly, the protocol claims that its blockchain can now handle 6000 transactions per second. In contrast, popular financial services Mastercard is believed to be able to handle only 5000 transactions per second. The blockchain is also now able to reach finality and block formation in 3.7 seconds. 

Advertisement

Algo’s State Proof Vs. Ethereum Merge

Algorand’s price surge during the crypto crash is in stark contrast with Ethereum’s slide after the merge. While Ethereum has fallen by 20% post-merge, Algorand’s technological achievements have resulted in a surge of over 20%.

Advertisement

Share
Nidhish Shanker

Nidhish is a technology enthusiast, whose aim is to find elegant technical solutions to solve some of society's biggest issues. He is a firm believer of decentralization and wants to work on the mainstream adoption of Blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Bitcoin News

99.3% of Bitcoin Supply in Profit, Analyst Warns of Short-Term Correction

Bitcoin (BTC) is in profit on almost all of its supply, leading to discussion by…

October 5, 2025
  • 24/7 Cryptocurrency News

Pro-Crypto Mike Selig Emerges As CFTC Chair Frontrunner, Gains Ripple CLO’s Endorsement

Pro-crypto Mike Selig is reportedly the frontrunner to become the next chair of the U.S.…

October 4, 2025
  • 24/7 Cryptocurrency News

‘Every Crypto ETF You Can Imagine’: Expert Predicts Flurry of Filings After REX-Osprey’s 21 Applications

Nate Geraci, president of Novadius Wealth Management, has predicted that several crypto ETF filings could…

October 4, 2025
  • Bitcoin News

Robinhood Lists Strategy’s Bitcoin-Backed Stocks, Boosting Saylor’s BTC Credit Model

Bitcoin-backed stocks of Strategy can now be accessed on Robinhood. This represents a significant move…

October 4, 2025
  • Bitcoin News

Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH

The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows…

October 4, 2025
  • 24/7 Cryptocurrency News

Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown

Shiba Inu’s Layer 2 network, Shibarium, has returned online following a $4 million exploit that…

October 4, 2025