Algorand drops despite a 300% surge in active addresses – Why?

Gladys Makena

Algo has declined by 10.5% over the last 24 hours.
Algorand’s active addresses soared by 300%.

Over the past month, Algorand [ALGO] saw a massive uptrend, hitting a high of $0.6133.

Howev

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Algorand drops despite a 300% surge in active addresses – Why?