Is Algorand dead or can it recover? - page 4.

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.

MAAManda

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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?

JamesDaniel90

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Dead as in it will not recover.

I am still holding and will buy more if we go lower

ryzaadit

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What is the definition of "dead" for you on crypto?

It's because of the price? or because of the development, progress, and activity. What, I can see from social media @Algorand they are still active right now and the development are still getting develop.

Just because the price are shit doesn't mean they're dead. Dead meaning, the project are being abandoned or the token/coin no use-case at all & for price is not guarantee at all.

rhomelmabini

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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?

Hold and accept that it will make new ATH. The SEC labelling is just a clown stuff and I think if they won't respond on the rulemaking petition from Coinbase then it's likely a personal thing that he's into anit-crypto. When Gary was still on MIT this wasn't his approach towards crypto, he's more like pro-crypto. Algorand has a future considering it's one of the top compliant for ISO 20022. DYOR!! The SEC suing big exchanges and labelling some crypto as security was likely a FUD.

Kelvinid

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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?

That describes the potentiality of the said project and seems nothing it shows.
Therefore, we don't have to expect a miracle to happen in this project because that was impossible. I would tell you that it helps you to just forget and never mind it as this is the result of investing shitcoins because we thought that buying cheap coins would give us huge profit but unfortunately, this will give us huge losses and disappointments. I have had this experience before and so I can feel of being disappointed by expecting something huge.

Blitzboy

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Within the tumultuous seascape of cryptocurrency, the storm of instability is the lifeline we clutch onto, wouldn't you say? 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.

Yet, one mustn't mistake this narrative. The branding of Algorand as a security isn't the mortal blow you might perceive it to be. There's a whole plethora of securities that shine in the marketplace. The real pivot of discussion is the inherent usefulness and worth of the asset at hand.

This transient plummet might seem merciless, yet recall the genesis years of Bitcoin. It danced its own waltz of peaks and troughs before it found its stride. Thus, the question of Algorand's mortality or survival lies largely in the beholder's gaze. If faith in the project remains unwavering, this could very well be a golden opportunity. However, remember, in the unforgiving world of crypto, guarantees are elusive as shadows.

IvugeoEvolutionCoin

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Quote from: MainIbem on June 08, 2023, 03:40:34 AM

There is nothing much over here what you should do now is to utilized this chances of the bear to fill your bag, i don't believe Algorand would be dead in that manner. I guess it will recover but for me if you are holding enough volume of it there is no need buying more instead you may buy other altcoin which you think are likely to give you some good profits within the next 8 months to 1 year.

I have been thinking about which coin to invest all my money in. I will invest some money in some good coins. But if I invest all my money on one coin then I will get very little profit. So some good coins. After choosing, I will invest and wait when the price will increase, then if I can sell, there will be a possibility of a lot of profit.

globalpain

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In my opinion, even though Algorand is mentioned by the SEC that the coin is a security,
Algorand will have no impact because the SEC is not suing Algorand, but suing Binance, so don't worry,
Algo is still traded on other top exchanges besides Binance, Algo's market cap is still high, don't worry.

Adbitco

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Sincerely speaking, whatever project that has involved SEC monitoring doesn't grow that much because there is fear, people might think is the end of the project. What i also noticed here is because of the bear so most of the altcoin are affected so why not make another choice being that you already holding some Algorand though i don't know how much you stored in your wallet considering what few poster earlier said to focus on bitcoin since the is the mover of the market and it quickly bounces back to it feets than altcoin. At hard time like this the best option is to hold tight on bitcoin and few reliable altcoin.

JamesDaniel90

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I last bought some Algorand at $0.14 which I thought was a fantastic price at the time but it just keeps going lower!

I will not sell, will hold for now and buy more if it falls down to $0.11 which would be near its all time low.

I believe in Algorand and if it does get through this it can see great returns next bull run

cryptoaddictchie

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Because its bear market now and expect no tokens and coins can moves like jagger. Algorand is one of the top projects, and even SEC got some statement about these securities nothing can stop the bll when its there. The only coin that worth watching is bitcoin, since altcoins depend on this. Once btc reach an uptrend direction regardless of the fud on the different altcoins then its gonna be unstoppable.

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