Algo Falls by 0.69% as Market Fluctuations and Ongoing Downtrend Persist

ALGO Price Update and Market Overview

As of November 28, 2025, Algorand (ALGO) saw its value decrease by 0.69% over the past day, settling at $0.1434. While the token has managed a 5.52% increase over the previous week, it has dropped 19.22% in the last month and suffered a steep 57.16% loss over the past year. These fluctuations underscore the persistent volatility in the cryptocurrency market, influenced by shifting economic conditions and regulatory developments worldwide.

Swiss Crypto Regulation Faces Postponement

Switzerland has decided to push back the enforcement of its Crypto-Asset Reporting Framework (CARF) regulations until at least 2027, despite the rules being officially adopted on January 1, 2026. The Swiss Federal Council attributed the delay to ongoing discussions with partner countries regarding information exchange. Although CARF is designed to fight tax evasion by facilitating international crypto data sharing, the postponed rollout continues to hinder global transparency and regulatory consistency in the digital asset space.

Seventy-five nations have agreed to the OECD-endorsed CARF standards, with Switzerland among the early adopters. However, some countries—including India, Vietnam, and Argentina—have yet to join, highlighting the uneven progress toward unified crypto oversight.

Meme Coin ETP Broadens Access to Digital Assets

In a notable move for alternative cryptocurrencies, the Solana-based meme coin Bonk (BONK) has debuted an exchange-traded product (ETP) on the SIX Swiss Exchange through a collaboration with Bitcoin Capital. This launch marks the first BONK ETP in Europe, enabling both individual and institutional investors to gain exposure to the asset via a regulated exchange, bypassing the need for digital wallets.

Marcel Niederberger, CEO of Bitcoin Capital, highlighted that the ETP removes many of the technical hurdles associated with crypto investing, making Bonk more accessible to a wider range of participants. The product is fully collateralized with BONK tokens held by Bitcoin Capital, providing a transparent and regulated investment option. This development signals a rising institutional appetite for meme coins and alternative crypto derivatives, as the industry continues to integrate with mainstream financial systems.

Ethereum Prepares for Significant Network Enhancement

Ethereum’s validator community is gearing up to raise the network’s gas limit to 60 million in a major upgrade set for December 3. Already tested on various networks, this adjustment is expected to boost data throughput and scalability for layer-2 solutions. The update will also introduce the PeerDAS protocol, which is designed to improve Ethereum’s transaction processing and support for decentralized applications.

At the time of this upgrade, Ethereum is trading close to $3,100 and encountering resistance at its 20-day Exponential Moving Average (EMA). Should Ethereum surpass this barrier, it may target the $3,470 mark in the near future. Technical metrics such as the Relative Strength Index (RSI) and Stochastic Oscillator currently indicate a neutral to bullish outlook, pointing to possible upward momentum for the asset.