Algorand blockchain now available on Amazon Web Services marketplaces, powered by Guardrail


  • Cloud solutions provider Guardrail has announced the availability of the Algorand Blockchain on AWS. 
  • The release of the Algorand Blockchain on the AWS marketplace makes it possible for users to securely deploy and operate nodes. 
  • Analysts note a bullish divergence in Algorand price trend as V bottom appears.  

A leading clouds solution provider has announced the arrival of Algorand blockchain on one of the world’s largest marketplaces, AWS. Analysts have a bullish outlook on Algorand price. 

Algorand arrives on AWS through a clouds solution provider 

Clouds solutions provider drives rapid cloud adoption in Small & Medium Business Enterprises (MSME). Guardrail, one such provider, announced the availability of Algorand on the AWS marketplace today. 

The release marks a single and quick deployment of Algorand’s nodes on the AWS network. Up to 1,000 Algorand nodes can be operated across 24 regions within 30 minutes with its arrival on AWS. 

Guardrail acts as an alternative to API aggregators, boosting the capacity of the Algorand blockchain for building applications in its network. Chris Econn, the CEO of Guardrail was quoted as saying:

AWS isn’t complex, it’s powerful. Algorand isn’t complex, it’s powerful.  We applied 13 years of experience with AWS to ensure nothing stands in between our customers and realizing that power.

The cloud solutions provider will distribute the source code to its clients and keep sharing latest updates of Algorand’s node versions on GitHub. Algorand’s development and research teams would validate releases and certify them for higher participation. 

Analysts have evaluated the Algorand price and identified a bullish divergence in its trend. Cryptocurrency analysts at @IncomeSharks have observed a V bottom in the Algorand price chart, and set bullish short-term targets. Though Algorand price is lagging behind other altcoins, analysts have a bullish outlook. 

 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Breaking: Bitcoin price breaks above the $100K milestone

Breaking: Bitcoin price breaks above the $100K milestone

Bitcoin's price surpassed the $100K mark on Thursday after its recent pullback last week.The momentum indicator, the Relative Strength Index, indicates a continuation of the uptrend, while the technical outlook suggests a rally toward $125K.

More Bitcoin News
Curve DAO price surges above $1, highest level since April 2023

Curve DAO price surges above $1, highest level since April 2023

Curve DAO extends gains by more than 30% on Wednesday, rallying 70% so far this week and reaching levels not seen since April 2023. On Tuesday, the announcement of CRV’s scrvUSD stablecoin launch on the Spectra ecosystem fueled the ongoing rally.

More Cryptocurrencies News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptomarket stabilizes after South Korea reverses martial law

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Cryptomarket stabilizes after South Korea reverses martial law

Bitcoin hovers near $95,700 on Wednesday, signaling potential weakness as technical indicators suggest a decline, while Ethereum and Ripple stabilize near key levels, hinting at a possible rally following South Korea's reversal of martial law.

More Cryptocurrencies News
Ripple's XRP sees over $4 billion in profit-taking following surge in whale activity

Ripple's XRP sees over $4 billion in profit-taking following surge in whale activity

Ripple's XRP is down 5% on Tuesday after news of South Korea declaring martial law sparked a surge in selling activity and significant profit-taking among investors. However, whales have stepped up buying pressure as the remittance-based token looks to stage a recovery.

More Ripple News
Bitcoin: A healthy correction

Bitcoin: A healthy correction

Bitcoin (BTC) experienced a 7% correction earlier in the week, dropping to $90,791 on Tuesday before recovering to $97,000 by Friday. On-chain data suggests a modest rebound in institutional demand, with holders buying the dip. A recent report indicates BTC remains undervalued, projecting a potential rally toward $146K. 

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP