Algorand (ALGO) trends lower with the rest of the crypto market. Larger cryptocurrencies, like Bitcoin and Ethereum, broke below critical support and seem at risk of future losses unless liquidity comes up at current levels.

Related Reading | Algorand Foundation Names Former JP Morgan Executive as CEO, ALGO Soars 10%

As of press time, Algorand (ALGO) trades at $0.76 with a 3.7% loss in the past 24-hours. On higher timeframes, the cryptocurrency records a 20.5% loss in 30 days and a 35% loss in one year.

Algorand ALGO ALGOUSD
ALGO trends to the downside on the 4-hour chart. Source: ALGOUSD Tradingview

Despite the recent bearish price action, the Algorand ecosystem continues to expand. Recently, the network saw the launch of Vest Equity.

Created as an NFT platform, this project runs on Algorand with the objective of providing real estate owners with more power over their assets. The platforms enable users to tokenize a property and “easily” offer a portion on the market.

The platform has the additional objective of letting users benefit from the value of their properties, turning them into tokenized digital assets. At the same time, Vesta Equity:

(…) simultaneously advancing housing affordability, economics, and frictionless investor accessibility to residential real estate.

Vesta Equity offers users access to a native marketplace which removes friction from the process of transacting with real-estate-backed NFTs. The platform has a catalog of properties, price ranges, addresses.

In addition, an owner or potential investors looking to purchase a portion of this Algorand backed NFTs can…


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