Algorand’s ALGO token nosedives amid SEC classification and deflating DeFi activity

August 22, 2023

in Crypto

Reading Time: 2 mins read

Algorand’s ALGO token price has plunged to new lows following the crypto market’s epic crash on Aug. 17.

According to CryptoSlate’s data, the digital asset fell to an all-time low of $0.08846 last Thursday. While its value has since rebounded to $0.09673 as of press time, market sentiments surrounding the asset remain negative.

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Algorand’s ALGO token nosedives amid SEC classification and deflating DeFi activity

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Algorand’s ALGO token nosedives amid SEC classification and deflating DeFi activity

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