Algorand.

[JamesDaniel90]

I have held Algorand for a while and currently down 45% from my average buy despite it pumping 50% this last week.

I had planned to buy a nice bag of it around $0.08 last week and almost did but it’s now shot up to $0.12 in less than a week after some good news with it being named the leading blockchain for quantum security.

At only $1B market cap and 89% of its supply in circulation I still think it is a good buy but kicking myself now for not at least buying below $0.09 last few weeks.

Anyone else like it? I think it’s here to stay and can see it doing a 10x at least from current price next few years.

I’m hoping it cools off soon so I can buy some more around $0.10.


https://tradersunion.com/news/cryptocurrency-news/show/1838526-algorand-jumps-20-10percent-to-usd0-1189/

[Charles-Tim]

I like Algorand since few years ago, and it did not disappoint me as it grew at least 6x in the last bull run, but the problem about the coin is that after it has increased significantly, it went back to its initial price that it began growing. And if some people see something like that, they will say it is not a store of value. Some people can even say it is a shit coin while some people will say people should only use it to gamble. Make money and leave as soon as possible is what some people will say.

[JamesDaniel90]

I like Algorand since few years ago, and it did not disappoint me as it grew at least 6x in the last bull run, but the problem about the coin is that after it has increased significantly, it went back to its initial price that it began growing. And if some people see something like that, they will say it is not a store of value. Some people can even say it is a shit coin while some people will say people should only use it to gamble. Make money and leave as soon as possible is what some people will say.

Algorand is down 70% from its 2024 cycle high. Bitcoin is down around 50% so it isn’t that bad really compared to Bitcoin.

At only $1b market cap and nearly 90% of its supply in circulation I see no reason why it can’t at least 10x from current price next few years, maybe even 15-20x.

I like it , just hoping it falls lower in price next month or so so I can then buy cheap.

[Charles-Tim]

Algorand is down 70% from its 2024 cycle high. Bitcoin is down around 50% so it isn’t that bad really compared to Bitcoin.

Algorand highest price in the last bull run is $0.614
It fell to at $0.082 before Google mentioned it to be quantum computer resistant 4 or 5 days ago. This makes Algorand price to increase significantly recently.

But if I assume that algo is now at 0.12, it is slightly more than 80% down.

[Easteregg69]

Krugerand and Algorand. I think the name has something to it. Don't count it out.

Krugerand would be the goldcoin. Put the money under it and cheer at it when it eats floor. You got way to many serious projects out there..

One that not requires a data center. Krugerand. Not sure if it's quantum resistant. You seen a quantum computer? You believe in anything if you think it's real.

Before that thing we was more concerned about cern not creating massive back holes by accident. You know. Colliding particles at close to the speed of light. They make it bigger every once in a while to see what happens next.

Cheers! Forgot. A data center requires some gold to run properly. A close to super conducting material. The expensive ram chips. Gold also. You be in mining stocks by now. Closer to the source. Yes. Gold mining stocks. Not crypto mining. I assume you don't like to work.

I am close to saying there would be no b without an a. You be flexible till the chain catches up. Ask yourself. Why would you care about the environment if it don't matter?

[dansus021]

Algorand was popular back then I do transcation on their chain back a couple year ago, but Algorand is pretty popular and pretty liquid as well, like every big and small exchange lists this coin. same as the SEI just a minute ago I posted about SEI.

All of the problem why lot of coin keep lower low because not enough demand and too many altcoin, and the liquidity can't keep up with the growing altcoin like this. But same as sEI I saw that they had active community and development which is good

[shinratensei_]

I've seen how Algorant was mentioned to be quantum resistance by Google, was actually interested to buy but price already going up so high right after the publication of Google's research.
If it were lower I'm willing to accumulate some but for now I think I will let the hype cooldown first to see the real price. If price keep going up instead, maybe I will skip. I'm already too late I guess. The price literally shoots not long after the research is out.

[JamesDaniel90]

I've seen how Algorant was mentioned to be quantum resistance by Google, was actually interested to buy but price already going up so high right after the publication of Google's research.
If it were lower I'm willing to accumulate some but for now I think I will let the hype cooldown first to see the real price. If price keep going up instead, maybe I will skip. I'm already too late I guess. The price literally shoots not long after the research is out.

When you look at Algorand and how far it has fallen last 6 months or so it is still a great price. I expect it to 10x minimum from this price next 1-2 years.

But yes i am hoping for it to fall down a bit more so i can buy some very cheap.

[JeromeTash]

Traded this coin back in the day. I actually remember it because of some loss I made trading it 

Back to the point. It depends on one's perspective. If you are looking for 2x-4x profit, then that is very possible, but a 10x or 20x is an overkill as the hype of the coin keeps going down
Just for context, look at the whole graph. The recent price pump is nothing compared to how it used to be.

[Dunamisx]

Investing on a coin like Algorand is profitable because you will stand a better chance at the last, try consider some of the previous performance it has and how you could see this performances more outstanding than you ever thought, those who had invested earlier will tell better about their experience on it, project like this could make one have more interest to invest in crypto.

[JamesDaniel90]

Traded this coin back in the day. I actually remember it because of some loss I made trading it  

Back to the point. It depends on one's perspective. If you are looking for 2x-4x profit, then that is very possible, but a 10x or 20x is an overkill as the hype of the coin keeps going down
Just for context, look at the whole graph. The recent price pump is nothing compared to how it used to be.

We are in a bear market, let’s see in 3-6 months once the bear market is over when Bitcoin and alts start moving up again.

Expecting a 10x from this current low price is not overkill for something with real use case, low market cap and great tokenomics with almost 90% of its supply in circulation already.

I’ve seen many say Algorand can 50x next 2-3 years and that’s possible but to me that’s many years away, but a 10x is definitely not unrealistic to expect next few years.

The price is currently $0.105 and I’m hoping it falls back down to $0.09 to buy a decent bag of it as from that price is can definitely 10x