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Algorand ($ALGO) Price Climbs 21% Following Sentiment Spike Detected by Crowdsense

On May 2nd, 2022, Crowdsense detected a Sentiment Spike for Algorand. Just 11 hours later, the coin’s price climbed by 21%, allowing our users to lock-in sizable gains.

Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.

Crowdsense detected the spike at 10:12 PM (GMT +2) when the coin’s price was $0.606. An hour later Crowdsense detected a news event announcing a partnership between FIFA and Algorand, and by May 3rd at 9:14 AM (GMT +2) it had risen approximately 21%, reaching $0.7342.