[ALGO] Algorand Speculation

[g4r1n1m]

Feels like this topic is needed

So what do you say?

[1714175691]

1714175691

[1714175691]

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[1714175691]

1714175691

[VanDeinsberg12]

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.

[Hallmader]

Feels like this topic is needed

So what do you say?

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.

[g4r1n1m]

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.

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

[g4r1n1m]

Feels like this topic is needed

So what do you say?

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.

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?

[princehandsome]

Feels like this topic is needed

So what do you say?

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.

[VeeTeaSee]

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

[hirngespenst]

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!

[minhtra]

algorand price from $3 to $0.25 

[VeeTeaSee]

algorand price 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

[VeeTeaSee]

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!

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

[shinratensei_]

algorand price 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

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.

[Karto]

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

[Raja_MBZ]

Looks like a "quadruple bottom" to me:

[Mrpumperitis]

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.

[inoes]

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.

[republicrypto]

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

[cryptonx]

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

[pallang]

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!!!

[Sy]

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.