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Why Algorand Jumped 12.8% Today

TheMotleyFool

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The value of cryptocurrency Algorand (CRYPTO: ALGO) fell as much as 11.8% in the last 24 hours as of 2:30 p.m. ET, but it's up 12.8% since that time. Not only is trading surging, but the cryptocurrency also announced a huge partnership that it hopes will reach hundreds of millions of people.

Algorand announced today that it will be the official blockchain partner of FIFA, soccer's governing body. The cryptocurrency is said to be a "regional supporter" for North America and Europe while Crypto.com is a major sponsor as well.

Image source: Getty Images.

Source Fool.com

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