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Algorand (ALGO) hits new all-time low amid regulatory uncertainty

Algorand (ALGO) finds itself in an unexpected position as one of the bottom 15 performers among the top 200 cryptocurrencies by market capitalization over the past year. Joining the ranks of digital assets like The Sandbox (SAND), Flow (FLOW), Flare (FLR), and Wemix (WEMIX), ALGO’s journey through the crypto market has been marked by challenges and setbacks. Crypto market expert Ali Martinez weighed in on ALGO’s fresh downswing, giving a sarcastic shout-out to Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), “for his great work protecting investors.” At the time of writing, ALGO was trading at $0.10, down 7.45% over the past 24 hours.

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