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Will partnerships be enough to pave the way for Algorand’s rally
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The wider market’s depreciation didn’t spare Algorand’s trajectory on the charts. In fact, at the time of writing, the altcoin seemed to be recovering on the back of the recent BTC gains.
In the context of institutional inflows, Algorand, over the past year, has seen some high-end partnerships. This has kept the #21 ranked coin in the news too. Furthermore, despite its latest price consolidation, ALGO’s social volumes have maintained high levels.
But, the question here is – Will that be enough for a strong recovery?
Over a month ago, the Algorand Foundation announced the launch of the Algorand Virtual Machine. This made the ecosystem more robust in the creation of Dapps. Thus, establishing Algorand as a strong contender in the layer-1
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