news 
Algorand’s 66% transaction surge and low volatility: Is ALGO set to soar?
In a surprising turn of events, Algorand has witnessed a staggering 66% increase in transaction volume over the past week, accompanied by an unprecedented drop in volatility to 65.57%, marking a new 30-day low. This rare combination of rising usage and contracting volatility suggests organic accumulation, hinting at potential for significant price action.
The data points to a strong bullish case for Algorand, as whale wallets have significantly increased their ALGO holdings by 5.12% over the past thirty days. This sudden surge in whale accumulation aligns with historical breakout behavior, suggesting rising conviction among informed participants.
Source: ambcrypto.com
