Is Algorand dead or can it recover?

[jossiel]

No one knows what will be the future of it. Of SEC is pulling an issie on it then there is  nothing much you can expect from it. Remember when there is the SEC case against Ripple?

XRP never pumped again and even we have been through the bull cycle, it didnt changed anything on it from what many have expected about it of not doing much because of the SEC.

With Algorand, I don't know with it but if you think that it is having the same process as what I am mentioning then, that is it.

[Velemir Sava]

The future of Algorand, just like other cryptocurrencies, is uncertain and relies on factors like technology, adoption, market conditions, and regulation. While the SEC calling it a security might create worries, it doesn't mean the project is doomed. When deciding whether to buy at a low price or hold, it's crucial to assess the project's fundamentals, team, partnerships, and adoption. Market prices are influenced by various factors, and a low price doesn't guarantee that the project won't recover or experience growth in the future.

[MAAManda]

I have been in crypto just over a year and now understand the cycles however Algorand really has been battered one of the worst performers out of the top altcoins so was just wondering what everyone else was thinking.

Like I said before, mate. Don't worry about the assets you have right now, because we're really going to see the answer to all of this when halving Bitcoin in the next year. $ALGO is indeed one of the worst at the moment, but this happens in almost all altcoins, you can check on Cryptobubbles, even new L-1s like $SUI and $APT also experience the same thing as $ALGO.

Hopefully we can stay in this price range for another month or so which will allow me to bag a few thousand ALGO at a very good price and bring my average down.

Yep, I hope so guys, I'm also accumulating $SUI at the moment, I think this is the right moment. when people panic, we buy. And when people buy, we sell.

[Myleschetty]

I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?

Every cryptocurrency has a future if it's in the market and getting good daily volume and market cap. But, to save yourself from the stress I believe it is better for you to sell the Algorand and invest in BTC or altcoin that's doing things right in this current bearish market which was influenced by SEC naivety.

[SFMHodler]

In my opinion, it is definitely one of the stronger altcoins with a real project and infrastructure behind it. However, to be honest, I would not buy more.

[Husires]

The SEC labelling it a security has put a lot of fear into everyone.

What is the reason for your investment first, if the same reasons are available, then buy more, otherwise do not sell and sell when a profit occurs, bearing in mind that such currencies may die.
SEC labeling will have an impact in the medium term, but if its work is good, the price will increase in the future, and we can infer what happened with Ripple. After the lawsuit from the SEC, the price decreased by 30% and returned again after several months.

SEC vs. Ripple - Cryptocurrency
Algorand was a promising project, but I believe that many competitors have pulled the rug from it, so I do not expect it to give a positive return in the future.

[SyndicateLabs]

You've probably done your own research as well, for me any crypto has volatility (stablecoins excluded) and in the case of Algorand I feel it's still a potential altcoin in the market. school. There are special or limited features appearing at the same time, but over time seeing it increase in price won't be difficult. Maybe the current general phase of the market is filled with negative news, but accept everything because that's what happens in any market.
If you hold Algorand with a long-term investment strategy, a falling Algorand price may not be too much of a concern, as long as you remain confident in its potential for the future. However, if you decide to purchase more Algorand for the time being, make sure you have done thorough market research and analysis before making your decision. Note that financial analysis can help you get a better overview of the viability of your investment decision in Algorand, however, no analysis can guarantee the outcome of your investment.

[Xal0lex]

I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?

The project hasn't updated its ATH in 4 years, but it has updated its ATL, which is a bad sign. I would stay away from such a token if you are considering it as a long-term investment. It's not worth it. For trading or medium term investments it might be good enough. But I wouldn't buy it now, there is a good chance that it will update its ATL more than once.

[Yatsan]

Well, I'm quite making profit from it through swing trades so i guess it is still good. But not as good as it suppose to. If you have holdings of it and you're down with more than 50% then I guess it would be better to just continue for the benefit of the doubt than to permanently cut the loss. However if it is because AGLO is your prosepect which concerns you whether it is dead already or not, I'd say choose other coin 'coz there are many to choose from.

I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?

The project hasn't updated its ATH in 4 years, but it has updated its ATL, which is a bad sign. I would stay away from such a token if you are considering it as a long-term investment. It's not worth it. For trading or medium term investments it might be good enough. But I wouldn't buy it now, there is a good chance that it will update its ATL more than once.

I have this five month rule wherein I am checking if there is a satisfactory recovery of a token which is down for a period of time. If there's no huge increase or if it doesn't go long with spikes on major tokens, I think it would be risky to engage with. But ofcourse that is different from a coin being actully dead, as others have said.

[CapGelatik]

The dump in Algorand is really terrible because it is -96% of the All time high and has not yet reached the new all time high in altcoin season 2.0,
if analyzed according to fundamentals it will be difficult for Algo to reach $ 3 or even $ 7 because the max supply is up to 10 billion,
if Algorand don't have a large number of burn events then the algo will really die.

[Godday]

The price is far from their ATH. I think it's very difficult for ALGO to recover. They have a max supply of 10 billion which means they still have 3 billion coins that are not on the market yet.
I believe ALGO is a good project but the SEC has complicated the situation. What ALGO has to do is follow SEC regulations like ImToken has done and they are recovering slowly.

[SirLancelot]

The future of Algorand, just like other cryptocurrencies, is uncertain and relies on factors like technology, adoption, market conditions, and regulation. While the SEC calling it a security might create worries, it doesn't mean the project is doomed. When deciding whether to buy at a low price or hold, it's crucial to assess the project's fundamentals, team, partnerships, and adoption. Market prices are influenced by various factors, and a low price doesn't guarantee that the project won't recover or experience growth in the future.

This is not the first time that SEC call a crypto a security. I remember it also happened in XRP but look at XRP now. It is still there and there is a chance for it to recover maybe when the bull run comes. For Algorand, people should not worry as well because I think it was a solid project. SEC is only trying to spread FUD. They want people to be scared with crypto because they didn't really liked it and they will be glad when all cryptos die.

Buying at a low price is not enough but they also need to follow the things that you have given there. Not all coins that are in low price are guaranteed to recover but many of them are dropping because they are now close to their end.

[lalabotax]

To be honest, ALGO was once one of the favorite altcoins at the time, but luckily it didn't last long. Actually this is one of the promising altcoins and is considered to have a promising future. However, indeed the crypto market is sometimes not okay and too hard. Not all altcoins survive. And not only Algo, but all altcoins, even Bitcoin, are also currently experiencing serious problems with the market dropping very far. This will test how appropriate these altcoins are to continue to survive and develop later.

You know, even I still have more than 10 shit coins that have become ashes, or dead coins. because they really don't have volume in the market anymore, in fact most of them have already been delisted.

[Twentyonepaylots]

The price is far from their ATH. I think it's very difficult for ALGO to recover. They have a max supply of 10 billion which means they still have 3 billion coins that are not on the market yet.
I believe ALGO is a good project but the SEC has complicated the situation. What ALGO has to do is follow SEC regulations like ImToken has done and they are recovering slowly.

The chance would be on the next bullrun or uptrend problem is, as we all know, there's no guarantee on such thing. So if I were one of those who are targetting this coin to invest, I think it would be better to enter during 'motion' than to make a guess at its bottom. If there's again a huge volume or perhaps the msrket price is 50% away from its ATH, I think it would already be a good entry point but if it won't be able to close the gap then that should give us a doubt. Also, we should not be limited into it. There are many to choose from which are showing better market price behvior which also shows better potential.

I highly doubt that it is dead already gigen that there's still volume but not as high as we knew about it. It could be taking its time to recover so holders should still have hopes. But as others have said, to those who are planning to engage bevause of its ATL, I tjink moving to other options would be a better idea for now.

[Xal0lex]

The project hasn't updated its ATH in 4 years, but it has updated its ATL, which is a bad sign. I would stay away from such a token if you are considering it as a long-term investment. It's not worth it. For trading or medium term investments it might be good enough. But I wouldn't buy it now, there is a good chance that it will update its ATL more than once.

I have this five month rule wherein I am checking if there is a satisfactory recovery of a token which is down for a period of time. If there's no huge increase or if it doesn't go long with spikes on major tokens, I think it would be risky to engage with. But ofcourse that is different from a coin being actully dead, as others have said.

This rule doesn't always work, but at the same time the token can be attractive for investment and subsequent hold. The thing is, it all depends on when you start counting down those 5 months. If you are in an early bear market, then 5 months is extremely short to find a good entry point, but if you start counting during a bullish cycle, then any shitcoin can show temporary good results there. 5 months means nothing and that, in my opinion, is not the correct methodology for altcoins. I tend to pay attention to global support levels. If a token confidently holds a support level for a long period of time, that is a good indicator for investing and finding a good entry point.

[Coinworld.story]

This is interesting, what do you think is the definition of "dead" in the world?

Could this be because the price is dropping? or because the development begins to decline, both from progress and activity. What I see from their social media (ALGORAND) they are still very active, even their NFT is still very active until now and many things have been developed, even though Algorand had avoided problems due to hacking yesterday but its development is still progressing until now.

I think the downward trend is not only limited to algorand, as we know almost all cryptocurrencies are currently experiencing the same conditions.

[ningrum]

The price is far from their ATH. I think it's very difficult for ALGO to recover. They have a max supply of 10 billion which means they still have 3 billion coins that are not on the market yet.
I believe ALGO is a good project but the SEC has complicated the situation. What ALGO has to do is follow SEC regulations like ImToken has done and they are recovering slowly.

it is a risk if you invest in altcoin projects based in America such as XRP, Algorand and also Binance,
but Algorand is very different from the two coins, because Algorand already has a large supply and is in the top 100 altcoins which currently still has a negative ROI,
So if you start investing now, I think the risk is small, but if you invest when the ALGO price is above $ 4, it will be very difficult to recover.

[TastyChillySauce00]

In my opinion, it is definitely one of the stronger altcoins with a real project and infrastructure behind it. However, to be honest, I would not buy more.

you said that this project was a strong project but you are unwilling to buy this coin. That means if you were not seeing something good from this project. that makes you avoid to buy this coin as a part of your portfolios. It can be said that if this blockchain is bad enough to be considered as your portfolio. it's better to give honest review regarding this project. This one is actually overrated.

[huu78]

I hold Algorand and not sure if I should buy these low prices or just hold and accept its over ??

It is currently at its lowest price in 3 years and almost at its all time low.

The SEC labelling it a security has put a lot of fear into everyone.

Does it have a future or is it over?

for now because everything is declining, algorand will also get that impact, but in the future if it goes up and the market starts to improve then you will have a higher next increase.

[Mpamaegbu]

The predicament you're grappling with regarding Algorand echoes across the crypto cosmos in this era of relentless disruption. The seismic shockwaves sent by the latest SEC verdict certainly upset the apple cart. Algorand finds itself in the eye of the storm, inducing a collective, nail-biting suspense among all.

You captured the whole scenario in a nutshell. To even think that SEC has now constituted itself into a needless attack dog, is more appalling in itself than the crime it pretends to fight. This is messing the crypto space up with apprehension on the minds of fans. I for one wouldn't invest in any project that has an unresolved issue with SEC and I believe my concern cuts across. Look at what's happening with it and Binance ATM and the dip BNB and other Binance patronized projects are grappling with now because of SEC. It's not even funny anymore.

As for Algorand, I would be skeptical putting my money on it (as I now do with any project that dips because of crisis). I still feel the pain of catching a falling knife with LUNA.