Algorand (ALGO) Sees Cautious Trading Despite Strong Fundamentals – FX Leaders

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Algorand (ALGO) is trading mostly steady early on Tuesday amid a somewhat cautious mood among investors towards the wider crypto sector as they wait to see if market leader Bitcoin can reclaim the $45,000 mark. At the time of writing, ALGO/USD is trading at around $1.69.According to a recent market analysis by Arcane Research, mid-cap altcoins experienced a better performance through the month of September so far. Algorand was listed as the best performing asset among the top 50 cryptocurrencies so far this month. Over the past three months, the ALGO token has witnessed an ROI of around 100% while over the past 12 months, it has risen by as much as 500% in value, making it an emerging and attractive option among crypto investors.One of the major developments supporting Algorand’s bullish moves lately is news of a significant investment in the blockchain by Skybridge Capital – a hedge fund run by Anthony Scaramucci. He recently confirmed that his fund has holdings worth $70
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