Algorand Surges 60%, Tops $2.4B Market Cap

• Algorand gains 60% in just 7 days.
• ALGO overtakes Kaspa in market cap rankings.
• Total valuation crosses $2.4 billion milestone.

Algorand’s Explosive Weekly Rally

Algorand ($ALGO) has posted an impressive 60% surge over the past week, making it one of the top-performing cryptocurrencies in recent days. This sharp rally has catapulted the project past Kaspa ($KAS) in total market capitalization, pushing Algorand’s valuation beyond the $2.4 billion mark.

The price jump reflects growing investor confidence in Algorand’s technology, partnerships, and real-world use cases. With renewed attention from both retail and institutional players, ALGO is reclaiming its position as a major layer-1 blockchain project.

Outpacing the Competition

Algorand’s recent surge didn’t just bring attention—it changed the rankings. The project has now leapfrogged Kaspa in market cap, a key metric watched by investors and analysts alike.

This shift highlights ALGO’s strong market momentum, driven in part by increased on-chain activity, staking incentives, and developer interest. As other projects struggle to maintain growth, Algorand’s steady climb showcases its staying power in a competitive crypto landscape.

What’s Fueling the Growth?

Several factors may be behind this week’s rally. Positive developments such as ecosystem expansion, potential enterprise adoption, and strategic collaborations have likely contributed to the price action. Additionally, broader optimism in the altcoin market and technical breakouts in ALGO’s chart may have amplified the move.

If this trend continues, Algorand could be gearing up for a larger breakout — especially as investors look for strong layer-1 bets during the next leg of the crypto bull market.

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