Is Algorand dead or can it recover? - page 3.

Twentyonepaylots

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Quote from: Godday on June 10, 2023, 01:51:11 PM

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.

lalabotax

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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.

SirLancelot

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Quote from: Velemir Sava on June 08, 2023, 10:14:47 PM

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.

Godday

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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.

CapGelatik

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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.

Yatsan

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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.

Quote from: Xal0lex on June 10, 2023, 06:06:14 AM

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 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.

Xal0lex

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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 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.

SyndicateLabs

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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.

Husires

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

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.

SFMHodler

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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.

Myleschetty

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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?

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.

MAAManda

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Quote from: JamesDaniel90 on June 08, 2023, 10:05:34 AM

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.

Quote from: JamesDaniel90 on June 08, 2023, 10:05:34 AM

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.

Velemir Sava

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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.

jossiel

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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.

o48o

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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?

When the price is lowest, the fud will be hardest. If you really believe in it, turn off news and don't listen either hype or fud. Listen to yourself. Coin isn't over just because SEC says it's a security, it just changes how it's been traded. Also XRP has been a security for 2 years now according to SEC. Has it died?

When times are hard you need to have a thick skin. And you do realize that this has been hard always. People are wondering why everyone didn't buy in the bottom before. This is why. It's hard to believe in the future when everyone is shouting that cryptos are dead. Those who believed made lots of money.

Doan9269

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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?

It depends on the people or developers behind it, if they succeeded in maintaining it value in the market this may just but only be the best avenue to make money with huge profits if you can hodl and buy the dip the more, there will definitely be a time coming sooner or later where the market will rise back and you will by then make some good return from your investment, but always have it at the back of your mind that cryptocurrencies takes risk on investment, some may go down and never recover again if it went liquidated i will advise you engage more and deeper research.

makishart

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You must be feeling worry with your investment in this coin. There will be more vesting to be unlocked soon. The team was also holding so many tokens. It may go even lower. From 17 millions address registered in algorand blockchain and there are only less than 50k wallets are active in the blockchain which has been showing how people are massively migrating to the second layer solution.

https://messari.io/asset/algorand/metrics/all

If you have been deciding to buy more when it was reaching another all time low and good luck for you. If i were you and i will try to focus in another blockchain.

The trend is always changing so fast. Algorand can't even follow it.

abel1337

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If the price of a token goes all time low, it doesn't mean that it's dead. We are on a bear market and it is expected to encounter such tokens that will fall lower than you expected. Along with the SEC issue which makes coins go down really hard, you can check them if they are still fighting SEC and if they are still continueing their promise developments. A project that still develop no matter what kind of situation they are in is not dead IMO. They may be performing low or full of FUD but atleast they still develops. We can see on thr bull run if they are not worthy investing.

JamesDaniel90

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Quote from: MAAManda on June 08, 2023, 10:00:01 AM

Are you someone who has just entered the crypto space @JamesDaniel90 ?, If not, you should already understand how cycles in the crypto space work. When conditions are good, there will always be news that isn't pleasant to hear (this is part of the cycle), so don't worry. I mean, never mind what happens to $ALGO because of bad news from the SEC.

If I were you (and believed in $ALGO), I would start my accumulation at this low price. I'm not really into $ALGO and don't know much there, but I have an article that might help you understand what the future holds for $ALGO. Here is: Algorand Price Prediction 2023-2032: Is ALGO a Good Investment?

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.

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.

Iyeman

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It doesn't have future. I will not count annoucenemtn that already made by SEC as the main problem for algorand. The main problem is about algorand had so many competitors and people have been starting to leave from there.
that was making me feel doubt with it. That's why im thinking algorand has no future.

Topic: Is Algorand dead or can it recover? - page 3. (Read 547 times)