Bitcoin Forum

Feels like this topic is needed

So what do you say?

The price looks very stable right now but it seems like that people are only interesting to get more coins from the exchange site and they use it to stake into the network to earn more coins and they will be dumping what they have been earned from the network.
I still prefer tezos rather than this one caused by in the comparison between the performance between both and tezos is much better than algorand. The price was dumped a lot from the ico price.

Why do you think this topic is needed? There are so many altcoins out there and not each one of them is being discussed here. Perhaps if there is no upcoming big announcement or development, the price of this altcoin will somehow remain more or less the same.

[ALGO] Algorand is a nice coin. It cannot manage to climb to the 44th spot overall if it does not bring something to the table. But the fact remains that it is still almost a 100% negative in terms of ROI.

you right about that, since they have the Staking Program with 18% annual - on Binance
it'll be over in 2 months , we'll see if lower annual earning will affect price somehow

many reasons really
Because Algorand has a very good quality and features
the founder is a well known guy - one of the inventors of ZeroKnowledge tech
many partnerships even one related to CERN..
many more good things actually and there is no representation on this forum
so if stupid scams get representation and people losing money
why not show to people a really interesting project?

of course it's needed because if this topic isn't needed then no one people wants to share their opinions here lol. Algorand is a coin that has good potential and ALGO could potentially can to reach $ 0.4 if market conditions continue to improve. ALGO is a good investment and you seem including to be a fan of this coin. so start investing from now.

i believe that the coin will go to 1$ and higher because they have a decent tech and new partnerships every month,
 but it wont happen in the coming 2-3 months
since there is a program on binance of 18%(annual) staking rewards, and its kinda high
i believe people bought many coins to participate in this program and then they will sell what they bought + their rewards

Algorand is a true gem, no doubt. The nature of Algorand was like Veni, Vidi, Vici! When Algorand came, all the top exchange listing happened serially, I was wondering and shocked that what is this project about! ! But nowadays I feel bad that ALG price dumped highly, I expected a higher and stable price for it. Soon or later this coin will have bullish run surely!

algorand price (https://www.coingecko.com/en/coins/algorand) from $3 to $0.25  ???

ye.. i dont see how its different from many other coins tho
i am looking at the tech & partnerships and not what happened to the price

because this project was hyped and over priced
but in other side we have an opportunity to accumulate it while its in that price
i really believe that this coin deserves a multi billion marketcap
and definetely will be one of the coins that run up at some point
i have a lot of confidence in it

there are many projects that can run up , but dont give the confidence to invest a big amount of money
but algorand does it looks serious

It caused by so many people are staking and they were sending it directly to the market to dump their coins. Remember some people were able to staking it through binance or another exchange site. That makes the inflation caused by the new coins that generated by those who have staked their amounts to the network got even worse.
The ico of algorand is overvalued and the developer has been using a very bad mechanism to put a big price as the ico price.

It was getting dumped everyday and so many tokens are not yet staked and just believe if this coin will be getting another dump again to the 10 cents. The annual yield is so high and that makes a lot of new coins produced everyday.

there is a debate on twitter between 0.50$ and 0.89$
i am pretty sure that the price of Algorand will fall fast because of the high emission this year, so need to time the top wisely
and take profits

for the time being i think that we hit a bottom on Algorand

Looks like a "quadruple bottom" to me:

https://i.imgur.com/SgFvpLS.png

https://www.coindesk.com/circle-coinbase-bring-usdc-stablecoin-to-algorands-blockchain
The CENTRE consortium, led by Coinbase and Circle, announced Thursday its U.S. dollar-backed stablecoin, USD Coin (USDC), would be launched on the Algorand blockchain as part of a new collaboration with the Algorand Foundation.  


It was bound to be listed since ALGO secures USDC
https://cointelegraph.com/news/algorand-spikes-30-after-surprise-coinbase-listing
Algorand’s market capitalization has hit a new all-time high after a sudden Coinbase listing sparked the third-strongest day of trade in the coin’s history.
On July 16, Coinbase abruptly announced that ALGO trading had been launched on Coinbase.com and the exchange’s apps. Trade volume for Algorand increased by nearly four times since in response to the listing, comprising the third-strongest day of trade in ALGO’s history.

I have not yet observed this Coin. but after listing on Coinbase and the results were very impressive. prices jumped> 30% in less than 24 hours. maybe this is a good start.

a lot of good news coming to this project, maybe you should DYOR about this project buddy
Algorand Readies On-Chain Smart Contracts As the Summer of DeFi Rolls On
Algorand has unveiled a fresh set of smart contract capabilities aimed at luring decentralized finance (DeFi) projects away from its larger competitors.
source : https://www.coindesk.com/algorand-stateful-smart-contracts
regards

here another great news come to algorand,
UK exchange Archax teams up with Algorand on DeFi projects
The partnership between Archax and Algorand could help bridge the gap between decentralized and centralized finance
https://cointelegraph.com/news/uk-exchange-archax-teams-up-with-algorand-on-defi-projects

Another great news on the part of algo hope this news will help algo to recover its high price. Definitely the great time to buy algo!!!

ALGO is currently one of my favorites which I believe could do wonders in the coming(hopefully) mega bull run. I am currently loading up on ALGO at every dip. Hopefully, it will cross $1 soon.

Anyone riding this rocket ship of Algo  :) 60% gains in 1 week.  This ride will never end.

Algorand is just starting to rise in price. I traded most of my alts into algo when its price was at 0.40$ and I am so glad I did so.

Nope,,, not an Algorand user BUT I do have respect for what they are trying to do. Their incubation program especially seems to be quietly helping out a lot of very good projects and trying to give them funding and marketing to actually BUILD stuff which cannot ever be bad for the blockchain industry as a whole:)

People who reacted when the price of algo was below 0.50 are happy, now we don't have any clue which way the market directing and everything seems very positive about the current situation of the altcoin rally, we don't know whether will survive at the current value or not?

Algo, Cardano, I consider these all good projects with sound idea but unfortunately for some reason or other never lifted off the ground in terms of price. Probably because of bad token economics and holders just letting go every now and then for free money. Not sure I'll ever see myself investing in any of them anymore.

Algorand 30 USD this Month. 100%

I have searched about ALGO, but here in the forum I can't find an official ANN, two weeks ago I saw the price and it was for 1.36USD, now I see it at 1.29USD, it would be nice to read the whole whitepaper and see their development team.

It was launched in 2019 on Binance and looking at the history for weeks I get this:

https://i.imgur.com/ewdU5Io.png

Do you think it can go back to 0.00033BTC? although everything is very possible we have not yet entered the season of altcoins ... it is very likely that when many altcoins occur they will give their bullish turn, it is a matter of waiting.

https://pbs.twimg.com/media/E1csB9wWUAAw8a9?format=jpg&name=medium

Join us at office hours on Tuesday for Algo Builder demos! The highlight will be the new Permissioned Token template, a powerful & flexible framework to rapidly create permissioned tokens and define custom transfer rules & restrictions.

Proof of Work, Proof of Stake & Pure Proof of Stake: An Evolution in Distributed Consensus

Learn about Algorand’s Pure Proof of Stake (PPoS) consensus protocol and how it improves on the popular Proof of Stake (PoS) mechanism by solving the “Blockchain Trilemma.”

Algorand is the world’s first Pure Proof of Stake (PPoS) blockchain that provides security, decentralization, and scalability - all in an eco-friendly, sustainable way. Developed by Algorand founder and renowned cryptographer Silvio Micali, Pure Proof of Stake is built on Byzantine consensus and offers a more egalitarian approach than its predecessor Proof of Stake (PoS).

https://pbs.twimg.com/media/E1hDQ9vX0AU_qva?format=jpg&name=small

Read more (https://www.algorand.com/resources/blog/proof-of-stake-vs-pure-proof-of-stake-consensus)

JUST IN: MAPay announced they will leverage the Algorand blockchain to transform the healthcare system in Bermuda, including $800M in payments!

Built on Algorand, MAPay’s payment solutions will improve the efficiency of the system and greatly reduce healthcare costs.

Read more: https://www.algorand.com/resources/news/mapay-to-implement-blockchain-based-solutions-on-algorand

ALGO's own price as of today has reached $0.9267, according to my prediction after reading ALGO and whitepaper, ALGO could be one of the hidden gems hidden in cryptospace, ALGO could be x5 - x10 in 2022 at least at the end of the year.

surely now for ALGO it is time to buy (the dip)
it made a lot of deals and I believe a lot in this currency

also I have listened to a lot of devs and they are really very good

With new institutions seeing potential in the project there could be a ALGO price outbreak in the near future.

https://cointelegraph.com/news/algorand-algo-price-strengthens-as-institutional-investors-back-the-project

So many positive news for Algo this past few days. I don't know why ALGO price didn't move up.

I would never invest in INFLATIONARY coins like Algo.

Then you'll be missing the gem in the future.

Algorand might likely escalate if it concentrates on building its platform and the software upgrade. The price might decline to as low as $0.30 if the market continues to be bearish. At the end of 2021, the highest ALGO price might reach $15.

Yes, now that what Algorand has built in this market, we will all have to recognize its potential. I think the clutter from the past we should put aside, and looking at the present and the future that it can bring, I find that Algorand has clear goals and ideas for investors, and time cannot be ignored with Algorand's strong development team.

Algo still doing well from last three monts last, the team still develope the project and will give profit for their holder, just check them on coinmarketcap for the chart, its number #39.
Unfortunately i am missing the dip, and the price per today is already $1.3 rising up from $0.8 last month. Maybe ill consider them as my mid term investment after this september, i hope im not late yet to enter.

Bought in at 0.55$ and i'm still buying until now, even on the ups. I believe in this project and the team behind it with Mr. Micali is something else and my speculation about the price of ALGO is arround 8-10$. If they continue having sustainable growth than great 8-10$ can be realization in the next year.

I first bought in at ~0.40$ aswell and kept trading algo and bitcoin. Whenever the price dropped to 2000 satoshis/algo I bought and when it went up to 3000 satoshis/algo I sold. This worked really well for me but I decided to go all out today (except like 200 algo that I wanna keep) at 3100 satoshis/algo.

e-Money has announced integration with Algorithand to support its own stablecoins based on European currencies (eEUR, eCHF, eSEK, eNOK, eDKK), support for Algorithand will allow you to quickly create and scale applications offering payment options in currencies familiar to European users. https://medium.com/e-money-com/e-money-announces-integration-with-the-algorand-blockchain-to-accelerate-the-circulation-of-b85922169da7

I really think when we see Planet Watch get its US tokens online and onto a US Exchange, the simple fact that it is operating of ALGO is going to be a nice boost to its useability.  PLANETS is already rising on the anticipation that when the system goes live in the US at the end of September there will likely be increased usage across ALGO and in theory could push the price higher.  I will continue to stockpile ALGO around the $2 to see where it can go from there.  Speaking from a Technical analysis standpoint 3.64 is the 3.618 extension so if we consolidate here for a bit that would be my next price target.

I feel like adaption and use cases will definitely help algorand but the bigger change that is coming is the governance system.
Algorand is becoming more decentralized and people locking up their holdings to get more rewards will also drive the price up.

The sudden rise in price is still alarming to me and thats why I took my profits and swapped my algos to bitcoin.

Algo really showings good performance within this month of september wherein along with near and pond token, so probably it will make more all time high value until this year end in my personal opinion as it keep showing good results until now despite of some corrections in the market.. Indeed other promising token really affected because of ADA fork nowadays, but this algo seems out of the situation. So expect there will be more progress within this year.

Algo has this weird potential to be huge if it goes well, but also it is just a potential, not every single potential is fulfilled neither. I have seen other projects before that ended up being nothing in the end as well as projects that ended up high.

I for one always said that cardano was a great project because they coded something on it every single day for the longest period, no other project has the amount of github streak that ADA had, so I kind of new it would be big, no idea it would be this big this quickly without even having smart contracts so I was wrong about timing of it I was expecting it to be 1-2 years later but I knew it would be big. This is the same thing, ALGO definitely has this amazing potential and can be top 5 very easily if it is 100% fulfilled but if they fail to do so it could also crash and burn as well like many others.

To be frank the type of news and partnerships going on within and around Algorand is making it grow as well as making it more attractive to users and developers. Also most projects are gradually building on the Algorand network and once they succeed in having their own Dex just like most blockchain networks are doing, then the real growth will set in. And moreover, if one study the market well, you will see that a lot of blockchain coins are making their own moves, therefore at this juncture, studying more about Algorand won't be a bad idea. But when it comes to future price, I can't really say but one thing is, if they get it right, ALGO will be more valuable sooner than later.

I just found out that ALGO also has a smart contract feature, developers can create tokens under the ALGO network. This is a very interesting feature, and currently $ALGO is still very cheap at $2, I think it's a good coin to hold long term.