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Algorand surges 72% after quantum-proof upgrade and new CEO hire from Chainlink

Protocol Fundamentals
08 Oct 2026
Cointribune
View Source
Bullish
Algorand surges 72% after quantum-proof upgrade and new CEO hire from Chainlink

Algorand's token ALGO rose 72% over six weeks, hitting $0.133 on September 29, 2026, driven by a quantum-proof network upgrade and the appointment of William Herkelrath, ex-Chainlink CEO, to lead institutional outreach. The upgrade activated in late August protects accounts against future quantum computers using Falcon-1024 signatures, enhancing security and smart contract capacity. User activity increased with 677,000 active wallets in August, though total value locked remains low at $67 million. The rise also reflects a broader crypto market rally and regulatory clarifications by the SEC, with upcoming reports and CEO announcements expected to reveal if growth sustains.

Algorand's market cap on Pluang stands at Rp19.02 trillion as of October 8, 2026, with a 24-hour trading volume of Rp3.69 trillion. ALGO is trading at Rp2,111, up 1.88% in the last day, reflecting continued investor interest following recent network upgrades and leadership changes. Buy orders dominate at 71%, and the typical holding period is 129 days, indicating moderate confidence among Pluang users.

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Algorand's ALGO token jumps 23% amid advances in quantum-resistant blockchain security.

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