Topic: [ALGO] Algorand Speculation (Read 830 times)
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.
Feels like this topic is needed
So what do you say?
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.
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.
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.
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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.
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 $2 to see where it can go from there. Speaking from a Technical analysis standpoint 3.64 is the 3.618 extension so if we consolidate here for a bit that would be my next price target.
e-Money has announced integration with Algorithand to support its own stablecoins based on European currencies (eEUR, eCHF, eSEK, eNOK, eDKK), support for Algorithand will allow you to quickly create and scale applications offering payment options in currencies familiar to European users. https://medium.com/e-money-com/e-money-announces-integration-with-the-algorand-blockchain-to-accelerate-the-circulation-of-b85922169da7
I first bought in at ~0.40$ 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.
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.
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.
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.
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.
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.
I would never invest in INFLATIONARY coins like Algo.
Then you'll be missing the gem in the future.
I would never invest in INFLATIONARY coins like Algo.
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
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.
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
https://cointelegraph.com/news/algorand-algo-price-strengthens-as-institutional-investors-back-the-project
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
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.
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
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
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).
Read more
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).
Read more
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