Current Price: $.0248
Entry Price: If it breaks the Diagonal resistance ($.025-$.028)
Entry price if rejected by Diagonal resistance and bounces of diagonal support: (.0195-.021)
Resistance 1: $.0323
Target 1: $.051
Target 2: $.080
Stoploss: $.019
What is Algebra?
Algebra is a next-generation Automated Market Maker (AMM) and concentrated liquidity protocol for decentralized exchanges. It is based on adaptive fees technology, making it a revolutionary solution in the DeFi field. Algebra Protocol has already been integrated by various DEXs such as QuickSwap, THENA, Zyberswap, Camelot, StellaSwap, Ubeswap, and many more.
ALGB Token Utility
The ALGB token is used for staking. Algebra receives a portion of the fees from the integrated DEXs, which are then used to buy back ALGB tokens and distribute them to stakers. You can stake ALGB tokens on the Algebra platform. The more DEXs integrate Algebra's solution, the more ALGB will be bought back, leading to an increase in value for the token holders.