Topic: Is Algorand dead or can it recover? - page 2. (Read 485 times)
The cryptocurrency market is on the Bear market, as long Bitcoin price is going down, other alt-coins are moving down in price as a result of looking for a good entry point to buy and hold for a long term investment, which is Algorand ADA Coin has a strong future with a strong communities and is in a good position to buy more.
I too have been holding back Algorand for the past few years. I have purchased Algorand in 2021 for $2. That means I have lost almost 20 times my money ( current price $0.1 ).
I also hope Algorand can recover but I am pessimistic they can hit their ATH again.
I also hope Algorand can recover but I am pessimistic they can hit their ATH again.
SEC are just fishing around looking for easier targets So I think hold on to your position considering algo is nice smart contract application and there are so many backings around it What you should be looking at is the development and dapps coming to the Ecosystem as that will be the determinants growth next bull run..I think algo might end of some storage or AI smart-contract
Never speculate what will happen at this time but think about what will we get in the future, for utility ALGO still promising but as statement by owner of ALGO they don't care about price they just focus on fundamental and creating more ecosystem and that statement same with ADA coin as long as ecosystem still create i belive price will follow of the growth their potential. Don't care about SEC lawsuit and the price if you entry at all time low u're still lucky compared with people who invest in ATH, maybe they still waiting for the next bullrun
If Algorand delivers as promised, it may turn out to be a good investment in the long run. Most altcoins are driven by hype, so don't be surprised if you see the majority going up while coins with real utility are in the lows. Whales and ordinary investors are looking to make a quick buck, so they will choose coins that are most beneficial for them. If there's one thing that's keeping the market in the red, it's fierce regulatory action from the US. The SEC (US government agency) has been acting aggressively against the crypto industry since the collapse of FTX.
Things are not as bright as we hoped for the crypto industry right now. I'd suggest you wait until the dust settles for good. The 2024 BTC halving and the 2024 US Elections will determine the fate of the market in the long run. If there's another administration by the time 2025 arrives, Gary Gensler might no longer be chairman of the SEC. That is if the House bill doesn't get approved before Election day comes in. Without Gary Gensler, the US crypto market will flourish once again. Who knows if the best is yet to come for ALGO and the rest of the other cryptocurrencies on the market? Just my thoughts
Some altcoins started the dump even before the SEC with the SEC speculating even more. Algo made a nice dump, a coin that holds up well is XRP and I think it could make a nice pump and dump.
I think algorand may come back, maybe during the bull run, currently the market is in a bad state and almost all coin/token have been affected. So, if you have the spare cash, you can buy more.
There's no denying that Algorand does have good project development, and deserves to be in the top 100 coinmarketcap,
but with that much marketcap, Algo still can't achieve positive ROI, but even to a negative ROI and even reached a new All time low this month,
and yes it's a shame that a good project like Algo is experiencing this and it can even result in decreased trust in the algorand.
Never speculate what will happen at this time but think about what will we get in the future, for utility ALGO still promising but as statement by owner of ALGO they don't care about price they just focus on fundamental and creating more ecosystem and that statement same with ADA coin as long as ecosystem still create i belive price will follow of the growth their potential. Don't care about SEC lawsuit and the price if you entry at all time low u're still lucky compared with people who invest in ATH, maybe they still waiting for the next bullrun
I think it’s hard to predict what will happen with the SEC lawsuit and how it will affect the price of ALGO. I personally believe that Algorand has a lot of potential and innovation, and I hope they will overcome this challenge. However, you should do your own research and decide what is best for you.
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?
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 SEC is just a government agency with jurisdiction on the US. It won't have any effect on other regions such as the EU or Asia. Crypto is all about decentralization, so it should be able to emerge stronger in the long run. As far as Algorand is concerned, I think it will survive as long as developers keep innovating on the project. The price for ALGO is going down because of the extended bear market. Most altcoins are in the same train, especially when all of the attention is on BTC right now.
For ALGO to rise in price, BTC needs to go all the way to the moon. But that is if Algorand captures the attention of mainstream traders and investors alike. There are so many competitors that have greater adoption than Algorand itself. So if demand is low, so will the market price for the cryptocurrency. You'd have to do your own research to determine if Algorand will have a future or not. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my opinion
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?
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?
You should consider every possibility. Invest in other coins if you have enough Algorand on hand. Perhaps it will never return to its former level. Perhaps you will have to wait too long. You need to consider these too. You can also keep your money in cash and wait for the dark clouds over the market to dissipate. Or you can buy coins cheaply at current low levels. What is cheap today may be expensive or cheaper tomorrow. Rest assured, no one knows the answer to that.
Seeing the chart from Algorand is really terrible, because the price of Algorand has fallen to -96% from its all time high,
it's appropriate if some people call Algorand dead, but we can still see whether they are dead or not, and the answer is no,
they are still alive, judging by the active github team algo is still struggling to be able to recover, so we have to believe.
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?
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 SEC is just a government agency with jurisdiction on the US. It won't have any effect on other regions such as the EU or Asia. Crypto is all about decentralization, so it should be able to emerge stronger in the long run. As far as Algorand is concerned, I think it will survive as long as developers keep innovating on the project. The price for ALGO is going down because of the extended bear market. Most altcoins are in the same train, especially when all of the attention is on BTC right now.
For ALGO to rise in price, BTC needs to go all the way to the moon. But that is if Algorand captures the attention of mainstream traders and investors alike. There are so many competitors that have greater adoption than Algorand itself. So if demand is low, so will the market price for the cryptocurrency. You'd have to do your own research to determine if Algorand will have a future or not. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. Just my opinion
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?
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?
You should consider every possibility. Invest in other coins if you have enough Algorand on hand. Perhaps it will never return to its former level. Perhaps you will have to wait too long. You need to consider these too. You can also keep your money in cash and wait for the dark clouds over the market to dissipate. Or you can buy coins cheaply at current low levels. What is cheap today may be expensive or cheaper tomorrow. Rest assured, no one knows the answer to that.
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.
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?
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.
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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.
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.
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.
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.
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.
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