Ethereum

Solana

Algorand

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Algorand, the blockchain protocol, has released an attention-grabbing ad campaign aimed directly at Ethereum and Solana, two considerable rivals in the crypto world. In the context of the ad, customers are trying to pay with different cryptocurrencies in a supermarket environment. 
Bitcoin was said to be slow, with one of the customers being told that it may take up to 27 minutes for the funds to go through. When trying to settle Ethereum payments, users were stunned by the outrageously high fees that they had to pay; at the same time, attempts at Solana payments were simply refused time and again. 
On the other hand, Algorand’s own token, known as ALGO, was processed quickly and without any hitches witnessed earlier in the exercise, thereby underscoring Algorand’s claimed value propositions of superior efficiency and speed for real-world use cases. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Algorand delivers 🫳 🎤 <a href="https://t.co/pArmbljevE" target="_blank">https://t.co/pArmbljevE</a>— Algorand Foundation 🐍 (@AlgoFoundation) <a href="https://twitter.com/AlgoFoundation/status/1793629711555494378?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 23, 2024</a>
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The campaign was launched at a time when Algorand is seeking to strengthen its ground and take users from other blockchains. According to data from DeFiLlama, Algorand currently has a Total Value Locked (TVL) of $92.6 million, which is actually lower than Ethereum and Solana. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/ugUCpo0VLdCGrS5UHZnKa85DOg6iI3JnVxxOz0lHb5OMJoJvmaKTXDakgqHulmcGPfThstkBXG4L5qdxAkWqS6WbRsTGhdKBIJQRkjfOBxor1LNQNRpmUyK7t307fkYzLnxK55u1umEKocnVhHjNoUY" alt="">
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 Source: <a href="https://defillama.com/chain/Algorand" target="_blank" rel="noopener">DeFiLlama</a>
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Algorand’s native token ALGO has experienced a 2.54% price decline. As of now, the token is trading at $0.1804 following Coinmarketcap stats. This price change shows that there is uncertainty in the effect of this advertising campaign on the Algorand market volatility. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/joTak8O_8yEoHJfiYuNSsxyyFYBgagcIs5MFqt_p27O_BP4CFqLTG74__daIa151nsBoNx-T1diHcnXnnUkuUit3PN-AyK0iurb1r4tlY9KgBEpcJlFS0CB5mFgXyj2XEZily_cUWm5oXqFWltM_AoI" alt="joTak8O 8yEoHJfiYuNSsxyyFYBgagcIs5MFqt p27O BP4CFqLTG74 daIa151nsBoNx T1diHcnXnnUkuUit3PN AyK0iurb1r4tlY9KgBEpcJlFS0CB5mFgXyj2XEZily cUWm5oXqFWltM AoI">
 <figcaption class="wp-element-caption">
 Source: <a href="https://coinmarketcap.com/currencies/algorand/" target="_blank" rel="noopener">CoinMarketCap</a>
 </figcaption>
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Algorand Targets Ethereum and Solana in New Ad Campaign

The Crypto Times

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