Is Algorand dead or can it recover? | Bitcointalksearch.org

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: JamesDaniel90 on December 01, 2024, 05:05:00 PM

Agreed. It could even get close to $1 by the end of 2024.

It’s been a long few years investing but feels like 2025 is going to make it all worth it.

At least, Algorand isn't a centralized "shitcoin" (unlike XRP). So if XRP went to the moon, so can ALGO. I just hope hype is not the only thing that will drive the project all the way to success. Developers must focus on utility to help make Algorand withstand the test of time.

With actual demand for Algorand, it will last for generations. I'm waiting for developers to come up with something new and exciting for Algorand. Without innovation, why bother holding ALGO long-term? Cheesy

JamesDaniel90

member

Activity: 854

Merit: 30

Quote from: DeathAngel on December 01, 2024, 04:54:41 PM

Quote from: ? on December 01, 2024, 09:43:21 AM

I believe Algorand will return to above £1.00 / $1.00 when alt season full comes in! It has just quite significanlty compared to when it dropped in the bear market.

It’s up 12% today, currently at $0.50 & Altcoin season isn’t even really started yet. I see no reason why it can’t get to $3 next year or maybe even higher. I think your $1 target is low-balling. It will definitely go higher than that I think.

Agreed. It could even get close to $1 by the end of 2024.

It’s been a long few years investing but feels like 2025 is going to make it all worth it.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

Quote from: ? on December 01, 2024, 09:43:21 AM

I believe Algorand will return to above £1.00 / $1.00 when alt season full comes in! It has just quite significanlty compared to when it dropped in the bear market.

It’s up 12% today, currently at $0.50 & Altcoin season isn’t even really started yet. I see no reason why it can’t get to $3 next year or maybe even higher. I think your $1 target is low-balling. It will definitely go higher than that I think.

JamesDaniel90

member

Activity: 854

Merit: 30

Quote from: ? on December 01, 2024, 09:43:21 AM

I believe Algorand will return to above £1.00 / $1.00 when alt season full comes in! It has just quite significanlty compared to when it dropped in the bear market.

£1 will be just the beginning . I expect £2-4 peak of bull run.

Just goes to show u have to invest money when it is at the bottom and everyone is fearful.

?

Activity: -

Merit: -

I believe Algorand will return to above £1.00 / $1.00 when alt season full comes in! It has just quite significanlty compared to when it dropped in the bear market.

JamesDaniel90

member

Activity: 854

Merit: 30

Algorand continues to pump having just reached $0.46.

It has increased 350% in the last 4 weeks now.

I have just sent some Algorand from my cold wallet back to my exchange to prepare for taking some profits and it took less than 10 seconds , unbelievable how fast is it compared to Ethererum so not surprised it is doing so well.

JamesDaniel90

member

Activity: 854

Merit: 30

Quote from: Abiky on November 28, 2024, 02:39:34 AM

Quote from: JamesDaniel90 on November 26, 2024, 07:53:52 PM

I regret not buying a lot more Algorand below $0.10 over the last year or so as it has increased 200% in the last 3 weeks and currently at a price of $0.30.

I bought some below $0.10 but not much as there was a lot of FUD around it and I wasn’t 100% sure if it would recover but it clearly has now and it looks like it’s going to have a great bull run.

I am happy I didn’t sell at least and believed in it, just wish I bought a bit more.

Anyone else invested?

It's only going up because of the bullish market. Bitcoin has been the main trigger of altcoins' upward trend in price. So on its own, Algorand would be nothing. The project lacks hype. Competitors such as Solana and TON are doing far better than ALGO. It's over. Developers need to come up with something new and exciting if they want the masses to get into Algorand. With hype, anything's possible.

I'm afraid Algorand will join the ranks of TRON and Tezos for as long as it lives. The coin will still be trading on the market, but it remain "dormant" forever. I'd suggest we look for other alternatives for higher growth potential. Assuming all we want is to make a lot of money in return. Investing in altcoins is a gamble, so it's advised to proceed with caution just to be safe. Cheesy

I don’t agree there Algorand is one of the top altcoins and will see great returns next year during the peak bull run months.

My average is $0.22 and hoping for at least a 6x return which shouldn’t be a problem, maybe even 10x.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: JamesDaniel90 on November 26, 2024, 07:53:52 PM

I regret not buying a lot more Algorand below $0.10 over the last year or so as it has increased 200% in the last 3 weeks and currently at a price of $0.30.

I bought some below $0.10 but not much as there was a lot of FUD around it and I wasn’t 100% sure if it would recover but it clearly has now and it looks like it’s going to have a great bull run.

I am happy I didn’t sell at least and believed in it, just wish I bought a bit more.

Anyone else invested?

It's only going up because of the bullish market. Bitcoin has been the main trigger of altcoins' upward trend in price. So on its own, Algorand would be nothing. The project lacks hype. Competitors such as Solana and TON are doing far better than ALGO. It's over. Developers need to come up with something new and exciting if they want the masses to get into Algorand. With hype, anything's possible.

I'm afraid Algorand will join the ranks of TRON and Tezos for as long as it lives. The coin will still be trading on the market, but it remain "dormant" forever. I'd suggest we look for other alternatives for higher growth potential. Assuming all we want is to make a lot of money in return. Investing in altcoins is a gamble, so it's advised to proceed with caution just to be safe. Cheesy

JamesDaniel90

member

Activity: 854

Merit: 30

I regret not buying a lot more Algorand below $0.10 over the last year or so as it has increased 200% in the last 3 weeks and currently at a price of $0.30.

I bought some below $0.10 but not much as there was a lot of FUD around it and I wasn’t 100% sure if it would recover but it clearly has now and it looks like it’s going to have a great bull run.

I am happy I didn’t sell at least and believed in it, just wish I bought a bit more.

Anyone else invested?

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: DeathAngel on February 09, 2024, 06:38:03 AM

The SEC says a lot of things are securities. It doesn’t mean that you can’t make handsome profit though. I don’t think Algorand is going to change the world & become like Bitcoin for example but you could absolutely still do well in it. It’s a pure proof of stake smart contract blockchain & we have seen growth in its ecosystem. While it has some unique features like accessible staking and low transaction fees it faces challenges such as centralisation & tokenomics. It's too early to definitively say if it has a big future but patient investors can find opportunities in its long term growth. Some people say it’s promising due to its technology, I would consider it a good buy but maybe not a super long term HODL.

Of course. SEC chairman Gary Gensler believes most cryptocurrencies are securities. Either he doesn't truly understand how crypto/Blockchain tech works, or he is just pretending to minimize the growth of the industry as much as possible. Approving spot Bitcoin ETFs was a "miracle", considering how the regulatory agency kept denying applications for years.

Algorand could have a place in crypto land if it delivers as promised. But if there's no innovation, don't expect it to stand up against well-established players (ETH, SOL, BNB) with a huge number of supporters behind them. The market often behaves in many strange and bizarre ways, so anything's possible. Who knows how far will Algorand go? Cheesy

JamesDaniel90

member

Activity: 854

Merit: 30

Quote from: DeathAngel on February 09, 2024, 06:38:03 AM

The SEC says a lot of things are securities. It doesn’t mean that you can’t make handsome profit though. I don’t think Algorand is going to change the world & become like Bitcoin for example but you could absolutely still do well in it. It’s a pure proof of stake smart contract blockchain & we have seen growth in its ecosystem. While it has some unique features like accessible staking and low transaction fees it faces challenges such as centralisation & tokenomics. It's too early to definitively say if it has a big future but patient investors can find opportunities in its long term growth. Some people say it’s promising due to its technology, I would consider it a good buy but maybe not a super long term HODL.

I am planning to sell this bull run , the technology is great.

I will start selling around $2 and just hope it can reach $4-5 at the peak of the bull run.

DeathAngel

legendary

Activity: 3304

Merit: 1617

#1 VIP Crypto Casino

The SEC says a lot of things are securities. It doesn’t mean that you can’t make handsome profit though. I don’t think Algorand is going to change the world & become like Bitcoin for example but you could absolutely still do well in it. It’s a pure proof of stake smart contract blockchain & we have seen growth in its ecosystem. While it has some unique features like accessible staking and low transaction fees it faces challenges such as centralisation & tokenomics. It's too early to definitively say if it has a big future but patient investors can find opportunities in its long term growth. Some people say it’s promising due to its technology, I would consider it a good buy but maybe not a super long term HODL.

JamesDaniel90

member

Activity: 854

Merit: 30

Quote from: Abiky on February 08, 2024, 07:08:11 PM

Quote from: JamesDaniel90 on February 07, 2024, 11:44:45 AM

Algorand is showing good signs going into this coming bull run.

I bought quite a bit at the bottom in September but wish I bought more.

I am happy I held though as i can see this reaching $4-5 in bull run

I love your enthusiasm, but the truth is there's not much to Algorand than "meets the eye". The competition is getting fierce each day, with new projects bringing innovative approaches to scaling. Aptos, Solana, Polygon, Sui, and even Avalanche have proven to be superior than Algorand in terms of tech and mainstream adoption. These competitors also have a bigger ecosystem of dApps, tokens, and services.

If Algorand wants to take off, developers are going to need to come up with something that will "blow away" the entire crypto/Blockchain industry. Otherwise, I'm afraid Algorand's market price will continue to decline until it becomes history. Not even a bullish market will save it. Who knows what surprises we'll find in the future? Roll Eyes

Lets see, I still believe in Algorand.

It hit a low of 9 cents in October, hit 24 cents last month and has been consolidating at 17 cents since.

Bull run is almost here and I will be happy with $3.

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: JamesDaniel90 on February 07, 2024, 11:44:45 AM

Algorand is showing good signs going into this coming bull run.

I bought quite a bit at the bottom in September but wish I bought more.

I am happy I held though as i can see this reaching $4-5 in bull run

I love your enthusiasm, but the truth is there's not much to Algorand than "meets the eye". The competition is getting fierce each day, with new projects bringing innovative approaches to scaling. Aptos, Solana, Polygon, Sui, and even Avalanche have proven to be superior than Algorand in terms of tech and mainstream adoption. These competitors also have a bigger ecosystem of dApps, tokens, and services.

If Algorand wants to take off, developers are going to need to come up with something that will "blow away" the entire crypto/Blockchain industry. Otherwise, I'm afraid Algorand's market price will continue to decline until it becomes history. Not even a bullish market will save it. Who knows what surprises we'll find in the future? Roll Eyes

JamesDaniel90

member

Activity: 854

Merit: 30

Algorand is showing good signs going into this coming bull run.

I bought quite a bit at the bottom in September but wish I bought more.

I am happy I held though as i can see this reaching $4-5 in bull run

ThemFloo

member

Activity: 108

Merit: 12

Quote from: JamesDaniel90 on June 08, 2023, 01:37:07 AM

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 coin problem is almost the same.
best if you want to buy it maybe this is an opportunity.
But if you doubt it's best not to, especially if you observe the movement for 3 years.
If you are still curious for the future we can inves but with a small amount.
actually the coin movement is unpredictable even though there has been no movement for years but it could suddenly increase very far from expectations.

letsexchange_io

jr. member

Activity: 126

Merit: 1

🌌Want to swap ALGO without price fluctuations? Watch our video tutorial and learn how to use LetsExchange, a secure and reliable crypto exchange hub, to swap USDT to ALGO at a fixed rate with no hidden fees👇
https://www.youtube.com/watch?v=YZPzXxGs5BQ

Abiky

legendary

Activity: 3220

Merit: 1363

www.Crypto.Games: Multiple coins, multiple games

Quote from: Yudhisthir on September 16, 2023, 10:26:40 AM

I think the coin is good as dead. The coin without much success is having obstacles and hurdles on every step.
There are 100s of alternatives that are trying to achieve what algorand is trying to. The motto are a bit different like algorand claims to bridge the gap between traditional and futurefi but every of side chain platform are trying to do the same. The war is of recognition, speed, fees and adoption. And with its years lost without much adoption, there's no way it would be able to compete with popular utility coins now and any potential competitor that may be introduced in future.

You're right about that, mate. Coins with smart contract features usually get a lot of attention, but that's not the case with Algorand these days. I think the project is slowly dying. Developers need to come up with something new to help attract the masses into the project. With strong marketing/promotion, ALGO could make a comeback. I really hope it does, considering that the project has a huge of potential to disrupt the Web3 industry.

I like how fast and cheap it is compared to other Blockchain platforms. We might need to wait until the next bull run to see what happens. Who knows how much ALGO will be worth in the future? Just my opinion

Yudhisthir

full member

Activity: 1060

Merit: 103

Quote from: JamesDaniel90 on June 08, 2023, 01:37:07 AM

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?

I think the coin is good as dead. The coin without much success is having obstacles and hurdles on every step.
There are 100s of alternatives that are trying to achieve what algorand is trying to. The motto are a bit different like algorand claims to bridge the gap between traditional and futurefi but every of side chain platform are trying to do the same. The war is of recognition, speed, fees and adoption. And with its years lost without much adoption, there's no way it would be able to compete with popular utility coins now and any potential competitor that may be introduced in future.

darewaller

hero member

Activity: 2968

Merit: 640

Quote from: kevindjunaidi on July 03, 2023, 06:20:17 PM

Quote from: JamesDaniel90 on June 08, 2023, 01:37:07 AM

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?

In my opinion, the current situation has indeed made cryptocurrency prices fall, including the price of Algorand, but as long as Algorand still has a progress, then of course Algorand can still recover and increase again, so if you really feel that Algorand has progress and still active, then you don't need to worry, so you need to keep holding and doing DCA Algorand to be able to get profits quickly.

Please don't tell me it was the bear you are thinking? But we are almost out of it. As of now, any strong crypto can be able to rise on its own but I don't see that Algorand is among with it. And If its true, then it was already being talked about everywhere. Still, I don't think Algorand is dying.

Maybe it's true that it still has some progress. That was enough already to get qualified for the next bull run. He thinks everything is over for Algorand but why would he decide to HODL it then? That would only lead him for more losses. It would be better if we just sell the coin so that we can still get something. At least, we are not a total loser.

Topic: Is Algorand dead or can it recover? (Read 730 times)