Most of the cryptocurrencies suffer major corrections but one altcoin is surging 86% this week. Before this week, Algorand (ALGO) was trading around $1.51 and dropped like the rest of the crypto market to $1.20 by the middle of Tuesday. However, the ALGO market cap shot up by more than 100% to a weekly high of $2.41 on Thursday. Currently, ALGO is stabilized at $2.13.