In brief
- Algorand surged more than 40% over the past week after Google cited its “real-world deployment” of post-quantum protocols in a research paper.
- Render gained almost 10% in 24 hours, driven by AI demand and adjacency to the trend.
- Myriad users see an 82% chance that oil hits $120 next, as geopolitical uncertainty persists.
Algorand has extended its rally over the past week, supported by a recent citation in a Google research paper singling out the blockchain as an early adopter of post-quantum protocols.
Algorand jumped around 13% in the past 24 hours to $0.12, according to CoinGecko data, far outpacing the broader crypto market. It is up over 44% in the past week, a move experts attribute to growing interest in the quantum-resistant narrative.
Google’s whitepaper, “Securing Elliptic Curve Cryptocurrencies against Quantum Vulnerabilities,” published on March 31, identified Algorand as an example of “real-world deployment of PQC on an otherwise quantum-vulnerable blockchain.”
The paper highlighted that Algorand had deployed post-quantum Falcon digital signatures for smart transactions and state proofs, executing its first PQC-secured transaction in 2025, and enabling native key rotation. “While this mechanism does not provide full quantum security at present, it facilitates future PQC migration,” the paper’s authors wrote.
The rally reflects “renewed focus on quantum computing risks” following the publication of Google’s paper, Leo Fan, founder of Cysic and former lead on quantum resilience at Algorand, told Decrypt.
“Algorand stands out because it has post-quantum signature schemes like Falcon live on the mainnet and was specifically referenced in the paper, giving it strong technical and narrative momentum,” he said. If the discussion around quantum security continues to gain traction, Fan added, it could “evolve into a durable market theme” grounded in credible long-term risk and institutional research support.
Other analysts echoed Fan’s view.
“The recent Algorand rally appears closely linked to the release of this Google Quantum AI paper,” Illia Otychenko, lead analyst at cryptocurrency exchange CEX.IO, told Decrypt. “The paper highlights Algorand’s real-world implementation and leadership in post-quantum cryptography, putting the project directly in the spotlight.”
Markets read the citation as strong validation of Algorand’s quantum-safe edge, Andri Fauzan Adziima, research lead at Bitrue, told Decrypt. Short-term momentum could extend with “solid volume and breakout technicals,” he said, though volatility and possible profit-taking remain risks.
Preparing for Q-day
The citation indicates that Google views Algorand as a leader in preparing for “Q-day,” a future event in which quantum computers could break current cryptographic standards.
The whitepaper also noted Algorand’s protocol-level support for real-world asset tokenization, with USDC available on the network specifically because it supports post-quantum digital signatures.
Other gainers in this sector included Render, which is up 9.9% on the day and roughly 9% over the past week.
Render Network is a decentralized GPU compute platform for applications ranging from 3D rendering to machine learning and generative AI, with AI demand and hype driving its adjacency to the trend.
Broader crypto market sentiment remains cautious and sensitive to geopolitical headlines, with Bitcoin currently trading at $66,925, up 0.8% on the day according to CoinGecko data.
Users on prediction market Myriad, owned by Decrypt’s parent company Dastan, assign just a 41% chance that Bitcoin’s next move will be a rally to $84,000, while crude oil is seen as having an 82% probability of pumping to $120 next—underscoring persistent geopolitical uncertainty.
That uncertainty was reinforced this week when President Trump pledged to “hit Iran extremely hard over the next two to three weeks” with no indication of plans to reopen the Strait of Hormuz, keeping oil prices elevated and risk assets on edge.
