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 $0.7342.
Our customers that had included Algorand ($ALGO) in their watchlist received the notification with a great time margin, giving them a valuable opportunity to seize a 21% profit in less than a day.
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Nothing contained in this post should be construed as investment advice. All investment strategies and investments involve risk of loss. Any reference to past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit.