[ALGO] Algorand Speculation

[sam00]

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.

[1714649341]

1714649341

[Daltonik]

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

[flip4flop]

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.

[sam00]

~

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.

[Ararbermas]

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.

[el kaka22]

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.

[irixo10]

Feels like this topic is needed

So what do you say?

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.

[khiholangkang]

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.