Algorand (ALGO) leads the top 100 cryptocurrencies by market capitalization, soaring 19.2% in 24 hours. This rally is attributed to a quantum computing paper by Google mentioning it as a case study for post-quantum cryptography, as well as recent classifications by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) as "digital commodities." Despite the increase, ALGO has still fallen 45.6% since April 2025, more than 97% below its all-time high of $3.56 set in 2019.