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Algorand Drops 7.44% as Post-Quantum Rally Fades Amid Broader Market Sell-Off
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Algorand Drops 7.44% as Post-Quantum Rally Fades Amid Broader Market Sell-Off
Algorand has slid 7.44% amid a broader market downturn, eroding gains driven by its quantum-security narrative, according to Traders Union analysis. The decline comes after ALGO surged roughly 50% in April following a Google Quantum AI research paper that cited Algorand 32 times as a real-world example of post-quantum cryptography deployment on a blockchain. Context and Background Google’s paper, published on March 31, highlighted Algorand’s imp…
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