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by: xpoolPosted on: April 17, 2025

Algorand Price Faces Further Decline as Staking Outflows Rise

Algorand (ALGO) continues to hover near its year-low, struggling against a muted cryptocurrency market. The token has dropped almost 70% from its peak in November 2023 and is now trading at around $0.1865. This decline, analysts suggest, may be fueled by the stagnation of its DeFi ecosystem and decreased stablecoin volume on the platform.

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