Algorand token gains 14.36% as x402 AI-payment challenge drives trading interest

  • Algorand's ALGO token rose 14.36% to $0.1344 as the x402 Challenge neared its deadline.
  • Trading volume surged 225.35% to $290 million during ALGO's recovery.
  • ALGO pushed toward $0.1400 after again moving above its 20-week moving average.

Algorand's ALGO token rose 14.36% to $0.1344 as trading volume surged 225.35% to $290 million. The increase coincided with the Algorand x402 Challenge nearing its deadline, drawing renewed attention to payments between AI agents and pay-per-request machine transactions. ALGO pushed toward the $0.1400 resistance zone and moved above its 20-week moving average for the second time since September 2025, after first crossing that level a week earlier. An earlier account put the daily gain at nearly 16%, while open interest rose 43%. The broader altcoin market capitalization, including Ethereum, increased 33% since the second week of August.

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