Alrogrand (ALGO) made a new all-time low yesterday of $0.09, per CoinGecko data, amid a broad bearish move in the market.

Alrogrand is a proof-of-stake based layer-1 blockchain launched in June 2019.

The ALGO price was looking to establish support above the $0.11 since June’s breakdown. However, yesterday’s market slump dragged the token’s price to a new all-time low of $0.0905 yesterday.

The token is now trading hands at $0.957, per CoinGecko.

The blockchain was previously regarded as “great technology” by the U.S. Securities and Exchange Commission (SEC) chairman Gary Gensler.

However, in the last few months, the token has suffered a significant downturn likely due to its proximity to two high-profile lawsuits.

The SEC initially c

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Author: Nivesh Rustgi

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