![Algorand [ALGO]: Can holders really profit off the FIFA World Cup](https://i.headtopics.com/images/2022/11/19/cryptoamb/algorand-algo-can-holders-really-profit-off-the-fi-algorand-algo-can-holders-really-profit-off-the-fi-1593750650898198529.webp)
Earlier this year, Algorand entered into a technical partnership with FIFA With outlook still significantly bearish in the short term, it remains to be seen whether the WC will offer respite With the 2022 FIFA World Cup set to commence on 20 November, Algorand [ALGO] holders appear keen to see whether the blockchain’s technical partnership […]
that it signed a partnership deal with Algorand to the effect that the latter would become the official blockchain platform of FIFA. In doing so, it will provide the official blockchain-supported wallet solution.“As part of the agreement, Algorand will also assist FIFA in further developing its digital assets strategy, while FIFA will provide sponsorship assets including advertising, media exposure, and promotional opportunities.
The sellers’ strength at 24.37 was solidly above the buyers’ at 15.01. Additionally, the Average Directional Index showed that the sellers’ strength was a rock-hard one that buyers might find impossible to revoke in the short term.
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