Algorand (ALGO) Soars 19% on FIFA Partnership

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Algorand (ALGO) Soars 19% on FIFA Partnership
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$ALGO has seen a big price spike because of the deal

Blockchain project Algorand has signed a partnership with FIFA, becoming the official blockchain sponsor of the 2022 FIFA World Cup that is scheduled to kick off on Nov. 21.FIFA will also create its own cryptocurrency strategy with the help of Algorand.

The price of the ALGO token has surged more than 20% over the past 24 hours, according to CoinMarketCap data. Meanwhile, the top 10 biggest cryptocurrencies are in red, with LUNA being the only major altcoin that has managed to buck the trend.

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