ALGO

DingDongWhoDis

>and ignore ETH L2s Definitely haven't ignored them. Mentioned them in negative light considering how centralized they are amongst other issues. That weak crutch will not keep ETH ranked #2. >but say “centralized” ! even though it is a deceptive claim Don't see how it's deceptive. It's just something you won't admit. >Acknowledge ETH L2 sequencers have now been decentralized, but claim “monolithic better” even though Solana has demonstrated otherwise Not really sure what point you're trying to make here, but concerning Solana, it is not in the same league as Algorand. ALGO can handle transactions. You must think everything outside of ETH is basically the same thing and it couldn't be further from the truth.

DingDongWhoDis

Ethereum doesn't work. Why do you people embrace and shill garbage tech while belittling stuff that actually works? Well, we all know the answer to that. The first mover advantage will not last much longer. Enjoy your centralized L2s. Considering ALGO already does more transactions than ETH. The volume will move soon enough.

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CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # CONs > > **Reliance on the Company and the Foundation** > > * Algorand can thank the foundation and the company for their current success, but that same support could also be the reason for Algorand's downfall. If funding is cut off or a scandal arises within the company/foundation, it will have a negative impact on Algorand's development and price action. Another example is that Algorand can still be modified via a governance poll or protocol change in response to external requirements/demands from government entities. > > **Tight Competition** > > * Just like the many other alt-coins existing in crypto, Algorand is just one of the inferior coins (by market capitalization) that are competing to be the next "Ethereum Killer". So far, no coin has been able to outperform Ethereum. One could argue that Ethereum only has the upper hand because of its first mover advantage, but the fact remains. > * Aside from the Pure Proof of Stake model, all of the other technologies, such as smart contract functionality and Decentralized Finance, were already present in other cryptocurrencies before Algorand even went mainnet in 2019. This makes it difficult for Algorand to keep up with the constantly evolving technologies of other networks/coins contending to dethrone Ethereum. > > **Not the best Tokenomics** > > * According to data from intotheblock, an analytics platform, the circulating supply of Algorand has been steadily increasing since 2021, from 800 million ALGO to nearly 3 billion, and it is now at 7.2 billion ALGO, with a projected increase to 2030. > > **Majority of Holders at a Loss** > > * Using the same analytics platform, intotheblock displayed the percentage of addresses that are profitable versus those that are still making losses. Only 3% are profitable, with a total address count of 501.6k, compared to 96.5%, or 15.91m addresses, who are incurring losses. Profitable addresses are most likely those users who purchased in the early years. This would definitely send a negative message to interested investors/users looking to get exposed in the Algorand ecosystem. > > *Sources:* > > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all*](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

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tika_dengu

ADA is the only coin worth buying in this market. I also buy ALGO and VET because old habits die hard.

DingDongWhoDis

Your comments and posts lobbying against Algorand are as ignorant and scammy as it gets. The validity of Algorand is objectively undeniable yet YOU spam with your unwarranted accusations every time you see ALGO mentioned. Your claims are asinine. The founder, the tech, the on chain real world assets. All point to your lunacy. And I bet you 10 trillion dollars the Algorand blockchain performs better than the garbage you're trying to project. 9 out of 10 of your comments and posts should be removed. The fact you're allowed to continue with the nonstop unwarranted bullshit accusations is unacceptable.

WeAreWater_TieDye

Not according to chainspect. And it's a distributed ledger not a blockchain. Highly centralized and can't have many nodes. I say that with no disrespect there are different uses and HBAR + ALGO are founders of the DeRec

HugoMaxwell

**T**he total supply of ALGO coins was minted at genesis. What's the point of it all if your tokenomics are the same as a meme coin?

DingDongWhoDis

The hate filled "nothing to see here" comments are astonishing. Predictable with obvious motivation and pathetic as ever. I'm sure you guys protected your rival investments with the petty ALGO attacks, nice work.

hungryforitalianfood

A bunch of meaningless transactions happening in a bubble. No one is using ALGO. No one is talking about ALGO. There is nothing going on there. I’m sure which part of this is hard for you wrap your head around.

noncognitive

> crowdfunded for the fees to run the test Aren't algo tx fees only 0.001 ALGO? Which is only $0.0001819 So, 5151 txs should cost... 93 cents? You needed to crowdfund this?

Chihabrc

That's great, I learnt ALGO is also quantum resistant like QAN. IMO ALGO still has a really huge future ahead

superpanchox

Seriously, please tell me just one Algorand explorer that I can use to verify balances at a determined date, and to download all ALGO and tokens' transactions in CSV format.

Altruistic_Split9447

ALGO is a dog

superpanchox

Still a dead project. The two most used Algorand blockchain explorers had to be unplugged due to lack of additional funding from the Algorand Foundation. This makes it difficult for audited companies to report their ALGO and tokens' transactions and balances.

hungryforitalianfood

Almost everyone new to crypto knows about Solana. Most of them will buy SOL and use Solana during their first week in crypto. None of them have ever heard of ALGO. Give it up, it’s not happening. You backed the wrong horse.

hungryforitalianfood

That’s more that the daily transactions on ALGO, but I guess it’s nice to know this or something.

After-Chance4981

???? https://app.intotheblock.com/coin/ALGO/deep-dive?group=network&chart=addressStats

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # CONs > > **Reliance on the Company and the Foundation** > > * Algorand can thank the foundation and the company for their current success, but that same support could also be the reason for Algorand's downfall. If funding is cut off or a scandal arises within the company/foundation, it will have a negative impact on Algorand's development and price action. Another example is that Algorand can still be modified via a governance poll or protocol change in response to external requirements/demands from government entities. > > **Tight Competition** > > * Just like the many other alt-coins existing in crypto, Algorand is just one of the inferior coins (by market capitalization) that are competing to be the next "Ethereum Killer". So far, no coin has been able to outperform Ethereum. One could argue that Ethereum only has the upper hand because of its first mover advantage, but the fact remains. > * Aside from the Pure Proof of Stake model, all of the other technologies, such as smart contract functionality and Decentralized Finance, were already present in other cryptocurrencies before Algorand even went mainnet in 2019. This makes it difficult for Algorand to keep up with the constantly evolving technologies of other networks/coins contending to dethrone Ethereum. > > **Not the best Tokenomics** > > * According to data from intotheblock, an analytics platform, the circulating supply of Algorand has been steadily increasing since 2021, from 800 million ALGO to nearly 3 billion, and it is now at 7.2 billion ALGO, with a projected increase to 2030. > > **Majority of Holders at a Loss** > > * Using the same analytics platform, intotheblock displayed the percentage of addresses that are profitable versus those that are still making losses. Only 3% are profitable, with a total address count of 501.6k, compared to 96.5%, or 15.91m addresses, who are incurring losses. Profitable addresses are most likely those users who purchased in the early years. This would definitely send a negative message to interested investors/users looking to get exposed in the Algorand ecosystem. > > *Sources:* > > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all*](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by a deleted user. > ####**Incredibly fast and high throughput** > > Algorand is arguably the fastest decentralized blockchain in the Top 50 > > The Algorand [v3.9.x update](https://github.com/algorand/go-algorand/pull/4506) in Sep 2022: > > * Increased block size 5x to a max throughput of ~6K TPS > * Decreased block time to ~4s (with deterministic finality). This is one of the few blockchains with finality fast enough to be used for Point of Sales. > > **Fastest swaps**: D13 recently performed a real AMM Swap benchmark where they reached **2881 swaps per second**. This easily [beats out every other L1](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581), including Polygon (by 60x), BSC (15x), Avalanche C-Chain (90x), and even Solana by 10x. Nothing else comes close. > > ####**Very cheap transaction fees** > > Algorand is among the cheapest networks to use. All basic transactions have a 0.001 ALGO fee, which is currently $0.00025. > > Smart contracts have a [700 opscode budget](https://developer.algorand.org/tutorials/understanding-teal-opcode-budget/) before they need to be split into multiple transactions. As such, swaps are equivalent to 4 basic transactions, which is still only $0.001 in transaction fees. > > ####**Energy-efficient** > > Like most PoS blockchains, Algorand has no mining. Even if it increased its participation node count to 4000 (currently 2500), it would be [~1 billion times more energy-efficient than Bitcoin](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) per transaction. > > ####**Using Governance for Marketing** > > Algorand heavily markets its Governance program, which is used to vote on how to distribute community rewards and whether DeFi dApps should get a rewards bonus. This boosts the popularity of Algorand as it provides quarterly community marketing. This also encourages Algorand holders to keep holding their ALGO in governance quarter after quarter (until the rewards run out). > > ####**Low staking barriers for participation nodes** > > Unlike Ethereum with its 32-ETH staking requirement, there are no staking requirements for joining as a participation node. In fact, the smallest-staking node only has [2 ALGO](https://metrics.algorand.org/#/decentralization/) (so small it probably has no chance of ever being selected for participation within a lifetime). ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # CONs > > **Reliance on the Company and the Foundation** > > * Algorand can thank the foundation and the company for their current success, but that same support could also be the reason for Algorand's downfall. If funding is cut off or a scandal arises within the company/foundation, it will have a negative impact on Algorand's development and price action. Another example is that Algorand can still be modified via a governance poll or protocol change in response to external requirements/demands from government entities. > > **Tight Competition** > > * Just like the many other alt-coins existing in crypto, Algorand is just one of the inferior coins (by market capitalization) that are competing to be the next "Ethereum Killer". So far, no coin has been able to outperform Ethereum. One could argue that Ethereum only has the upper hand because of its first mover advantage, but the fact remains. > * Aside from the Pure Proof of Stake model, all of the other technologies, such as smart contract functionality and Decentralized Finance, were already present in other cryptocurrencies before Algorand even went mainnet in 2019. This makes it difficult for Algorand to keep up with the constantly evolving technologies of other networks/coins contending to dethrone Ethereum. > > **Not the best Tokenomics** > > * According to data from intotheblock, an analytics platform, the circulating supply of Algorand has been steadily increasing since 2021, from 800 million ALGO to nearly 3 billion, and it is now at 7.2 billion ALGO, with a projected increase to 2030. > > **Majority of Holders at a Loss** > > * Using the same analytics platform, intotheblock displayed the percentage of addresses that are profitable versus those that are still making losses. Only 3% are profitable, with a total address count of 501.6k, compared to 96.5%, or 15.91m addresses, who are incurring losses. Profitable addresses are most likely those users who purchased in the early years. This would definitely send a negative message to interested investors/users looking to get exposed in the Algorand ecosystem. > > *Sources:* > > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all*](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by a deleted user. > ####**Incredibly fast and high throughput** > > Algorand is arguably the fastest decentralized blockchain in the Top 50 > > The Algorand [v3.9.x update](https://github.com/algorand/go-algorand/pull/4506) in Sep 2022: > > * Increased block size 5x to a max throughput of ~6K TPS > * Decreased block time to ~4s (with deterministic finality). This is one of the few blockchains with finality fast enough to be used for Point of Sales. > > **Fastest swaps**: D13 recently performed a real AMM Swap benchmark where they reached **2881 swaps per second**. This easily [beats out every other L1](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581), including Polygon (by 60x), BSC (15x), Avalanche C-Chain (90x), and even Solana by 10x. Nothing else comes close. > > ####**Very cheap transaction fees** > > Algorand is among the cheapest networks to use. All basic transactions have a 0.001 ALGO fee, which is currently $0.00025. > > Smart contracts have a [700 opscode budget](https://developer.algorand.org/tutorials/understanding-teal-opcode-budget/) before they need to be split into multiple transactions. As such, swaps are equivalent to 4 basic transactions, which is still only $0.001 in transaction fees. > > ####**Energy-efficient** > > Like most PoS blockchains, Algorand has no mining. Even if it increased its participation node count to 4000 (currently 2500), it would be [~1 billion times more energy-efficient than Bitcoin](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) per transaction. > > ####**Using Governance for Marketing** > > Algorand heavily markets its Governance program, which is used to vote on how to distribute community rewards and whether DeFi dApps should get a rewards bonus. This boosts the popularity of Algorand as it provides quarterly community marketing. This also encourages Algorand holders to keep holding their ALGO in governance quarter after quarter (until the rewards run out). > > ####**Low staking barriers for participation nodes** > > Unlike Ethereum with its 32-ETH staking requirement, there are no staking requirements for joining as a participation node. In fact, the smallest-staking node only has [2 ALGO](https://metrics.algorand.org/#/decentralization/) (so small it probably has no chance of ever being selected for participation within a lifetime). ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

DingDongWhoDis

Another swing and a miss for you. The ALGO inflation narrative is outdated and entirely inaccurate today. Over 80% is in circulation with the rest being released quarterly for governance and/or node incentives. Better tokenomics than MOST. There literally is NO massive inflation. Quite the opposite. But this discussion isn't necessary. I only wanted to call out the unnecessary BS crying about ALGO shilling especially when it's hypocritical as you push your ETH agenda.

DingDongWhoDis

You post other nonsense pretending ETH is the only game in town worth talking about. This "ridiculous" video is discussing an impressive, valid use case and REAL WORLD ASSET. Makes sense to want to share it with a crypto community. But you gotta try and shit on it because it's not ETH and you're threatened by it since ALGO does what ETH can't do, and it's a matter of time before the first mover advantage goes bye bye for so many obvious reasons.

7101334

Personally, I don't do meme coins, just like I don't do lotto tickets... but every coin I tried buying based on well-researched fundamentals ate shit (RIP ALGO, ATOM, HNT). So it's not like my approach is working either lol. Even XMR is down like 50% from my cost basis, although I viewed that half as an investment, half as a monetary commitment to a world where DNMs exist (which I dont even use lmao but *I believe in their existence*). I bought BTC when it was at $7,000. Used it to buy cannabis seeds and didn't hold more than like $20, which turned into like $65 or something eventually. If I recall correctly, I could've bought a whole coin then, but with the concerns in my life at that time, it just would've been a stupid decision. So I don't really regret it, but I still think "fuck, shit" about it sometimes. And if I could buy a whole coin now, or even when it was at $30k, I don't think I would. The fundamentals don't make sense. It went from "decentralized currency" to "oops that didn't work, it's a hedge against inflation" to "oops that didn't work, it's a store of value" to "oops that didn't work, just wait bro it's gonna be huge"

tika_dengu

Did overtime yesterday to buy more ADA, ALGO and VET.

hungryforitalianfood

Pathetic reply. Cardano won’t be a winner when the dust settles. You sound like one of those ALGO guys. Tiresome. We’re done here.

jeetsstizzard

For me, I think Ethereum (ETH) is still a solid bet despite being a relatively mature token now. You can see that the shift to proof-of-stake was huge, and ETH's dominance as the leading smart contract platform is not going away anytime soon. Sure, competition from other chains is heating up, but ETH's network effects and developer community give it staying power. In addition, the upcoming ETH sharding/scaling upgrades could unlock some crazy use cases. For something more speculative, Radix (XRD) has a higher risk/reward play, but the tech seems legit from what I have read. My third pick would be Algorand (ALGO). Low fees, fast finality, pure proof-of-stake. Plus, ALGO may not have Ethereum's mindshare yet, but it checks a lot of boxes for real-world blockchain use cases. With deeper institutional adoption, it could really take off. Those are just my opinions though. There is a lot of expert-led analysis from places like Traders Union. They do a good job evaluating fundamentals across different cryptos without getting caught up in hype cycles. Still, for the next 5-10 years, make sure to diversify your portfolio, don’t risk your savings, and have an exit strategy for taking profits

sportspadawan13

>XRP, DOT, ADA, ALGO >investment lol

jwz9904

ALGO is with EOS ALGO/EOS/NEO for bagholder OG

Simke11

You forgot ALGO

ricozuri

Not overwhelmed by EXOD, but them using ALGO is promising.

gigabyteIO

>The EXOD ticker on the NYSE comes as government regulators are stepping up enforcement actions against cryptocurrency projects and developers. While that's certainly a cause for concern, Exodus CEO and co-founder JP Richardson said EXOD was qualified by the U.S. Securities and Exchange Commission and can also trade on [NYSE American](https://www.nyse.com/markets/nyse-american), formerly known as the American Stock Exchange (AMEX). >“What's really cool about this is that our common stock is [tokenized](https://decrypt.co/72589/bitcoin-wallet-exodus-tokenize-75-million-company-stock-algorand) on the [Algorand](https://decrypt.co/price/algorand) (ALGO) blockchain, and so we're the only company in the United States that has our common stock tokenized on the blockchain,” Richardson told *Decrypt*. “That's true today, and that will be true on Thursday as well.” >SEC qualification means the company has been approved to offer and sell shares of its Class A common stock to investors under Regulation A of the Securities Act, which in turn allows Exodus to raise capital from the public in a regulated manner.

MrShnBeats

My only hope for $ALGO is the sentiment gets so bad and so many people ditch their bags that only I am left, and then one other person buys and it pumps my bags to Valhalla.

LeahBrahms

ALGO dude!

jps_

> add a “Digital Securities” definition and define who can invest… like answer a learn and earn so you know what you are investing in. Make projects issue a transparency report like ALGO does. Dox all executive project team members. This is, by the way, what existing securities laws require. Not just the 'doxing' of executive team members, and transparency, but consequences if for anything opaque if it goes wrong. It isn't that the regulations are missing, it's that the crypto bros who are running these projects don't want to be held liable for the promises they are making. Because who would, if they didn't have to?

Sarah_RVA_2002

> Yeah totally doesn’t smell like a ploy team Warren cooked up… >The lawsuit alleges that the digital assets listed on Coinbase are securities. This includes Solana (SOL), Polygon (MATIC), Near Protocol (NEAR), Decentraland (MANA), Algorand (ALGO), Uniswap (UNI), Tezos (XTZ), and Stellar (XLM). The plaintiffs argue that these tokens constitute ‘investment contracts,’ subject to state securities laws OK, so just don't invest in them. I wish I could punch these people in the face.

Grunblau

Yeah totally doesn’t smell like a ploy team Warren cooked up… Why doesn’t anyone point out that the reason that it is so important that crypto be found to be unregistered securities is because then only rich “accredited investors” can be involved. For us normal people’s own protection, of course. This would kill most projects instantly. Add a “Digital Securities” definition and define who can invest… like answer a learn and earn so you know what you are investing in. Make projects issue a transparency report like ALGO does. Dox all executive project team members. This isn’t hard and will come eventually but waiting for it is exhausting.

acecardx321

I haven’t been in this sub for awhile. I only hold BTC, ETH, & LINK. Can somebody fill me in on ATOM, ADA, & ALGO? How are those coins holding up?

Oheson

Not just ETH. A new lawsuit against Coinbase for - ALGO, MANA, MATIC, NEAR, UNI, SOL, XLM & XTZ Careful how you shitcoin boys. No Alt is safe.

blorpianblorp

Flashbacks of ALGO lmao... take a look at X and what they are doing with Y. Its gonna be a huge deal/partnership

Simke11

It's missing ADA, ALGO and DOT

CointestMod

#Algorand Con-Arguments Below is a Algorand con-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # CONs > > **Reliance on the Company and the Foundation** > > * Algorand can thank the foundation and the company for their current success, but that same support could also be the reason for Algorand's downfall. If funding is cut off or a scandal arises within the company/foundation, it will have a negative impact on Algorand's development and price action. Another example is that Algorand can still be modified via a governance poll or protocol change in response to external requirements/demands from government entities. > > **Tight Competition** > > * Just like the many other alt-coins existing in crypto, Algorand is just one of the inferior coins (by market capitalization) that are competing to be the next "Ethereum Killer". So far, no coin has been able to outperform Ethereum. One could argue that Ethereum only has the upper hand because of its first mover advantage, but the fact remains. > * Aside from the Pure Proof of Stake model, all of the other technologies, such as smart contract functionality and Decentralized Finance, were already present in other cryptocurrencies before Algorand even went mainnet in 2019. This makes it difficult for Algorand to keep up with the constantly evolving technologies of other networks/coins contending to dethrone Ethereum. > > **Not the best Tokenomics** > > * According to data from intotheblock, an analytics platform, the circulating supply of Algorand has been steadily increasing since 2021, from 800 million ALGO to nearly 3 billion, and it is now at 7.2 billion ALGO, with a projected increase to 2030. > > **Majority of Holders at a Loss** > > * Using the same analytics platform, intotheblock displayed the percentage of addresses that are profitable versus those that are still making losses. Only 3% are profitable, with a total address count of 501.6k, compared to 96.5%, or 15.91m addresses, who are incurring losses. Profitable addresses are most likely those users who purchased in the early years. This would definitely send a negative message to interested investors/users looking to get exposed in the Algorand ecosystem. > > *Sources:* > > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all*](https://app.intotheblock.com/coin/ALGO/deep-dive?group=financials&chart=all) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # PROs > > **The Founders** > > * The creators/founders of a network/protocol are one of the most important factors influencing its future. The more experience they have in the field, the more likely a project will succeed. Enter Algorand's founders, Silvio Micali and Jing Chen. Micali is an Italian computer scientist and professor at MIT. He is best known for his early work on public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, secure multiparty computation, and is one of the co-inventors of zero-knowledge proofs. Chen is Algorand Inc.'s Chief Scientist and Head of Theory Research. Game theory, mechanism design, distributed ledgers, smart contracts, and algorithms are among her research interests. She is a member of the Computer Science Department at Stony Brook University. She is also associated with the Department of Economics and the Center for Game Theory in Economics. This is just a summary of their experiences, and it demonstrates how serious they are about finding a solution to the blockchain trillemma while also improving the Algorand protocol's unique strengths. > > **The Protocol** > > * As indicated previously in the introduction, Algorand employs PPoS, a variant of the PoS algorithm in which validators of the network are not rewarded and are not at risk of being slashed. It becomes hard for the minority to cheat, and cheating the system would be illogical for the majority because it would devalue their assets. There is also no token locking, thus a user's tokens are always available. Based on this rationale, regardless of the amount of alleged bad actors in the system, it would result in a loss for them while keeping the network safe. > > **Security** > > * Security is essential for a network to run efficiently, safeguard digital assets, and build confidence with other companies/entities. Without this, a network will eventually fail or, worse, be hacked. Algorand divides security into three levels: user security, consensus security, and partition security. > * User-Level Security is primarily concerned with the security of a user's stake. Users will be given a spending key as well as a participation key. The Spending key will be used to sign transactions and spend stakes, whilst the Participation key will be used to propose and confirm blocks. Both these keys are separated with the Participation key being secret and can be stored in cold storage. > * Consensus-Level Security focuses on preventing bad actors from corrupting the network by seizing control of block generation. This is accomplished through the secret and random selection of users to participate in the certification of blocks. The bad actor will be unable to determine which user will generate the block, and by the time the bad actor does, the action will have already been completed. > * Partition-Level Security increases resistance to network partition attacks. The goal of bad actors who do this is to double-spend their money in the network by creating a contradiction of transactions, completely asynchronous the network, and have complete control over who receives which messages and when. This does not happen in the Algorand network because the bad actor cannot deceive the users in the same round with this strategy because the Algorand blockchain will never fork, and all transactions in the network are final. > > **Scalability** > > * Algorand utilises Pure Proof of Stake (PPoS) consensus, in which network validators are not rewarded and are not at risk of being slashed. In contrast to Bitcoin's Proof of Work model, it will not require network participants solving cryptographic puzzles for the production/validation of blocks, resulting in less computation waste. A user only needs to generate and verify signatures and count operations, with the cost based solely on the number of selected users for each block, which is constant and unaffected by the overall network size. As a result, the network would be able to serve millions of users while maintaining a higher TPS and lower computation cost. > > > **Crypto Rating** > > * Algorand received a 2 out of 5 rating from the Crypto Rating Council (CRC) in its Securities Framework Asset Ratings. When an asset appears to have many characteristics that are consistent with the Howey-test factors, it receives a score of 5. When an asset appears to have few characteristics that are consistent with the Howey-test factors, it receives a score of 1. Based on this rating, the SEC will be less likely to rule Algorand as a security. It also helps that both the foundation and the company, Algorand, are committed to decentralized development. > > *Sources:* > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://en.wikipedia.org/wiki/Silvio\_Micali*](https://en.wikipedia.org/wiki/Silvio_Micali) > [*https://www3.cs.stonybrook.edu\/\~jingchen/*](https://www3.cs.stonybrook.edu\/~jingchen/) > [*https://www.algorand.com/technology/technical-advantages*](https://www.algorand.com/technology/technical-advantages) > [*https://messari.io/asset/algorand/profile/technology*](https://messari.io/asset/algorand/profile/technology) > [*https://www.algorand.com/technology/security*](https://www.algorand.com/technology/security) > [*https://www.algorand.com/technology/scalability*](https://www.algorand.com/technology/scalability) > [*https://www.cryptoratingcouncil.com/asset-ratings*](https://www.cryptoratingcouncil.com/asset-ratings) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Grunblau

Hmmm… checks ALGO price…

Joeyfishfingers

This is why looking at the team behind the project is so important ALGO has the best team

noncognitive

It's not self-awareness, it's self-pity and ignorance. People do use their crypto, and that's one of the reasons why Algo and Nano are not popular. Nano has zero use cases outside of payment. People don't trust it as a currency to hold. With no fees and no inflation, the network has no incentive for miners to secure it. It uses dPos, but with zero rewards, there is no incentive for honest actors to participate as validators. Nano has also rebranded twice, and has been the focus of a serious exchange exploit that only affected Nano (then Raiblocks) and no other tokens on the exchange. Neither NANO nor ALGO are EVM compatible, and due to this, neither have any worthwhile dapps.

JustinCompton79

Time to go buy more ALGO now…

troythedefender

I have some, I figure it's worth holding at least until 2030 when it reaches max supply. Algorand isn't from 2021 cycle, it and the Algorand foundation was founded in 2017. It has a hard cap on tokens of 10 billion, of which over 8 billion are already circulating. It has had a lot of inflation over the last couple years but it will end completely in 2030. From its website: Algorand (ALGO) was created by a seasoned cryptography expert, Silvio Micali, who is a professor at the Massachusetts Institute of Technology (MIT). In 2012, he received the Turing Award for his work in cryptography. He co-created many of the well-known cryptographic technologies that are used in some of the top blockchain projects, like Cardano. Micali co-created zero-knowledge proofs, verifiable random functions, and other cryptographic protocols, and has been working in the field since the 1980s.

cosmoboy

ALGO died because it was 30% of my bag. I'm currently killing ADA.

CointestMod

#Algorand Pro-Arguments Below is a Algorand pro-argument written by CreepToeCurrentSea. > Algorand is an open-source, decentralized cryptocurrency and smart contract platform founded by Silvio Micali on 2017. It operates through a Proof of Stake variation called the Pure Proof of Stake. It officially launched it's main network on 2019. It's native token is called ALGO. Algorand is composed of a company and a foundation. The company functions on the core development of the protocol whereas the foundation oversees award funding, cryptographic research, on-chain governance, and decentralization of the Algorand network including nodes. > > # PROs > > **The Founders** > > * The creators/founders of a network/protocol are one of the most important factors influencing its future. The more experience they have in the field, the more likely a project will succeed. Enter Algorand's founders, Silvio Micali and Jing Chen. Micali is an Italian computer scientist and professor at MIT. He is best known for his early work on public-key cryptosystems, pseudorandom functions, digital signatures, oblivious transfer, secure multiparty computation, and is one of the co-inventors of zero-knowledge proofs. Chen is Algorand Inc.'s Chief Scientist and Head of Theory Research. Game theory, mechanism design, distributed ledgers, smart contracts, and algorithms are among her research interests. She is a member of the Computer Science Department at Stony Brook University. She is also associated with the Department of Economics and the Center for Game Theory in Economics. This is just a summary of their experiences, and it demonstrates how serious they are about finding a solution to the blockchain trillemma while also improving the Algorand protocol's unique strengths. > > **The Protocol** > > * As indicated previously in the introduction, Algorand employs PPoS, a variant of the PoS algorithm in which validators of the network are not rewarded and are not at risk of being slashed. It becomes hard for the minority to cheat, and cheating the system would be illogical for the majority because it would devalue their assets. There is also no token locking, thus a user's tokens are always available. Based on this rationale, regardless of the amount of alleged bad actors in the system, it would result in a loss for them while keeping the network safe. > > **Security** > > * Security is essential for a network to run efficiently, safeguard digital assets, and build confidence with other companies/entities. Without this, a network will eventually fail or, worse, be hacked. Algorand divides security into three levels: user security, consensus security, and partition security. > * User-Level Security is primarily concerned with the security of a user's stake. Users will be given a spending key as well as a participation key. The Spending key will be used to sign transactions and spend stakes, whilst the Participation key will be used to propose and confirm blocks. Both these keys are separated with the Participation key being secret and can be stored in cold storage. > * Consensus-Level Security focuses on preventing bad actors from corrupting the network by seizing control of block generation. This is accomplished through the secret and random selection of users to participate in the certification of blocks. The bad actor will be unable to determine which user will generate the block, and by the time the bad actor does, the action will have already been completed. > * Partition-Level Security increases resistance to network partition attacks. The goal of bad actors who do this is to double-spend their money in the network by creating a contradiction of transactions, completely asynchronous the network, and have complete control over who receives which messages and when. This does not happen in the Algorand network because the bad actor cannot deceive the users in the same round with this strategy because the Algorand blockchain will never fork, and all transactions in the network are final. > > **Scalability** > > * Algorand utilises Pure Proof of Stake (PPoS) consensus, in which network validators are not rewarded and are not at risk of being slashed. In contrast to Bitcoin's Proof of Work model, it will not require network participants solving cryptographic puzzles for the production/validation of blocks, resulting in less computation waste. A user only needs to generate and verify signatures and count operations, with the cost based solely on the number of selected users for each block, which is constant and unaffected by the overall network size. As a result, the network would be able to serve millions of users while maintaining a higher TPS and lower computation cost. > > > **Crypto Rating** > > * Algorand received a 2 out of 5 rating from the Crypto Rating Council (CRC) in its Securities Framework Asset Ratings. When an asset appears to have many characteristics that are consistent with the Howey-test factors, it receives a score of 5. When an asset appears to have few characteristics that are consistent with the Howey-test factors, it receives a score of 1. Based on this rating, the SEC will be less likely to rule Algorand as a security. It also helps that both the foundation and the company, Algorand, are committed to decentralized development. > > *Sources:* > [*https://en.wikipedia.org/wiki/Algorand*](https://en.wikipedia.org/wiki/Algorand) > [*https://doi.org/10.48550/arXiv.1607.01341*](https://doi.org/10.48550/arXiv.1607.01341) > [*https://en.wikipedia.org/wiki/Silvio\_Micali*](https://en.wikipedia.org/wiki/Silvio_Micali) > [*https://www3.cs.stonybrook.edu\/\~jingchen/*](https://www3.cs.stonybrook.edu\/~jingchen/) > [*https://www.algorand.com/technology/technical-advantages*](https://www.algorand.com/technology/technical-advantages) > [*https://messari.io/asset/algorand/profile/technology*](https://messari.io/asset/algorand/profile/technology) > [*https://www.algorand.com/technology/security*](https://www.algorand.com/technology/security) > [*https://www.algorand.com/technology/scalability*](https://www.algorand.com/technology/scalability) > [*https://www.cryptoratingcouncil.com/asset-ratings*](https://www.cryptoratingcouncil.com/asset-ratings) ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Algorand) to find submissions for other topics.

Ofulinac

ADA and ALGO are not the holiest of choices tbh

tika_dengu

Good day so far, church followed by weekly DCA of ADA, ALGO and VET. Thank you Lord.

Trip_seize

ALGO

conceiv3d-in-lib3rty

The foundation already dumped everything they had available to dump. majority of $ALGO left with foundation is for Governance rewards. I would not be surprised if there’s a supply increase within the next 12 months. The fact that this blockchain has so many diehards is concerning. What good is all this great tech™ when you have a disaster of a team running the show?

ExplanationSweet6907

In a long term, I would avoid memecoins and I would invest in solid projects like $CHZ or $VR. And of course in BTC, ETH, ALGO. But this is somethinh what I would do, DYOR.

biba8163

> $ALGO has more potential developments on its roadmap  Really? - They used investor money from token dumps to buy dead file sharing companies Napster and Limewire. Are they planning on buying Kazaa or eMule? - How many more billion tokens is the Foundation dumping? - How many more billion tokens is the Foundation going to create and will Silvio Micali get another 20% founders gift after they run out of money? And you know shitcoin foundaitons like Algorand that like dumping on investors are guaranteed to increase the supply after they run out of money - NEM which was staple top 10 crypto in 2017/18 increased its supply with a new token when the Foundation ran out of money https://www.reddit.com/r/CryptoCurrency/comments/ao4yb2/nem_xem_decentralized_governance_gone_wrong_nem/ https://www.reddit.com/r/CryptoCurrency/comments/mlixbw/crypto_tragedy_2021_nemxem_40_drop_in_hours/ - Stratis which was a top 10 crypto in 2017 increased its supply with a new token when they ran out of money https://www.reddit.com/r/CryptoCurrency/comments/jlga8p/scam_alert_the_stratis_team_has_announced_a_token/ - IOTA which was once a top 5 crypto increased its supply by 60% recently when they ran out of money http://www.reddit.com/r/CryptoCurrency/comments/16ms0f3/drama_in_a_unilateral_decision_iota_foundation_ceo_announces_60_new_token_s/k1abhle?context=3 - CRO did a 2nd ICO where the original token holders went from holding "0.002% of the supply to only holding is only worth 0.00001%" in a "major switch scam." https://np.reddit.com/r/CryptoCurrency/comments/i2t327/stay_away_from_the_cryptocom_scam_they_cheated/ - Polygon is increasing its supply by 20% to give 10% to node operators and 10% to the Polygon team https://np.reddit.com/r/CryptoCurrency/comments/1byygey/trying_to_understand_how_polygons_token_migration/ - RocketPool tokens went from a hard limit of 18M to 5% infinite inflation to pay for development

philter451

Came here to say $ALGO. It just works quickly and constantly. That and $NANO but $ALGO has more potential developments on its roadmap 

averysmallbeing

ALGO has an awful hardware wallet user experience. Any slightly complex operation requires multiple transactions, in some cases I recall having to sign 5 or 10 different transactions using a hardware wallet to interact with my funds or engage with defi protocols. 

tika_dengu

ADA and ALGO have been named in a forbes article on dead blockchains. The enemies are rattled and planting articles in mainstream media to spread FUD. If this isn’t bullish, I don’t know what else is. Load up.

Deep-Cow9096

I have a stack of ALGO and SOL along with bitcoin. I farmed some tokens off Pixels and trying to get the airdrop off Wilds Forest. RON is my focus for now

biba8163

Most hyped tech meme narratives from the the 2017/18 cycle... - April 2017 --> XRP is the Standard! Banks are about to adopt XRP while you invest in joke projects. - May 2017 --> Stratis is the future of Blockchain tech, smart contracts written in C#. Devs are going to flock to the platform - June 2017 --> IOTA is going to be the backbone for the "machine to machine (M2M) economy, this will become the underlying protocol for the internet of things" - July 2017 --> SIA and Golem are going to revolutionize tech creating a paradigm shift in storage and computing. This isn't like 2013 meme coins, we have serious projects in 2017. - August 2017 --> NEO is the Chinese Ethereum, programmable in multiple languages, developer community only second to Ethereum, embraced by China, the market the potential is massive - September 2017 --> Bitcoin Cash is the real Bitcoin. Bigger blocks, blockstream sucks, Roger Ver is the lord and saviour. - October 2017 --> OMG is going to bank the unbanked. The future of blockchain. Scaling Ethereum L2 with Plasma! Just look at the team. Lightning Network creator Joseph Poon. Vitalik himself is an advisor! - November 2017 --> Vertcoin because ASIC resistance is the future - December 2017 --> REQuest Network is the most important financial project to crypto. They are a Y-Combinator startup so you know they are very aggressive! - January 2018 --> Raiblocks (NANO) is fast and feeless and will kill every inefficient blockchain currency - February 2018 --> Vechain is going to be the first crypto with enterprise adoption. Look at all those partnerships. Look at the technology, the project is a copy pasta of the Ethereum code base but it's Chinese innovation nonetheless. - March 2018 --> ICON, it's the Korean Ethereum, they're partnered with a ton of Korean banks, hospitals, universities....and you know Koreans support their own projects. ...reminds us not to give up on your bullshit tech innovation narratives. Your shitcoin is not going to die because people will rather baghold forever than admit they are wrong... 2021 > Don't confuse short term price action with long-term fundamentals. Nano works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/ > (REQ) are definitely not dead, they are currently building an escrow system that will ultimately allow for invoice financing for projects in the crypto space....The team has a very practical mentality, focussing on product and adoption. Currently almost a thousand businesses are using Request to process their payments, adoption increasing almost exponentially https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ ...so keep holding DOT, ALGO, etc whatever bullshit tech you bought the last cycle. The market is wrong, you are right and there is no way you got scammed. Now go make a post about what big scams meme coins are -- that'll really make you feel and look smart.

biba8163

Most hyped tech meme narratives from the the 2017/18 cycle... - April 2017 --> XRP is the Standard! Banks are about to adopt XRP while you invest in joke projects. - May 2017 --> Stratis is the future of Blockchain tech, smart contracts written in C#. Devs are going to flock to the platform - June 2017 --> IOTA is going to be the backbone for the "machine to machine (M2M) economy, this will become the underlying protocol for the internet of things" - July 2017 --> SIA and Golem are going to revolutionize tech creating a paradigm shift in storage and computing. This isn't like 2013 meme coins, we have serious projects in 2017. - August 2017 --> NEO is the Chinese Ethereum, programmable in multiple languages, developer community only second to Ethereum, embraced by China, the market the potential is massive - September 2017 --> Bitcoin Cash is the real Bitcoin. Bigger blocks, blockstream sucks, Roger Ver is the lord and saviour. - October 2017 --> OMG is going to bank the unbanked. The future of blockchain. Scaling Ethereum L2 with Plasma! Just look at the team. Lightning Network creator Joseph Poon. Vitalik himself is an advisor! - November 2017 --> Vertcoin because ASIC resistance is the future - December 2017 --> REQuest Network is the most important financial project to crypto. They are a Y-Combinator startup so you know they are very aggressive! - January 2018 --> Raiblocks (NANO) is fast and feeless and will kill every inefficient blockchain currency - February 2018 --> Vechain is going to be the first crypto with enterprise adoption. Look at all those partnerships. Look at the technology, the project is a copy pasta of the Ethereum code base but it's Chinese innovation nonetheless. - March 2018 --> ICON, it's the Korean Ethereum, they're partnered with a ton of Korean banks, hospitals, universities....and you know Koreans support their own projects. ...reminds us not to give up on your bullshit tech innovation narratives. Your shitcoin is not going to die because people will rather baghold forever than admit they are wrong... 2021 > Don't confuse short term price action with long-term fundamentals. Nano works, ever better, and that's starting to be recognised https://np.reddit.com/r/CryptoCurrency/comments/qc21qm/honest_question_is_nano_dead_what_can_be_done_to/hhd7eug/ > You should check out what ICX has done, is doing and will do during these years....Agreed. Not even remotely dead. https://np.reddit.com/r/CryptoCurrency/comments/qgnsj0/which_cointoken_is_completely_deadnearly_dead/hih8v5b/ > (REQ) are definitely not dead, they are currently building an escrow system that will ultimately allow for invoice financing for projects in the crypto space....The team has a very practical mentality, focussing on product and adoption. Currently almost a thousand businesses are using Request to process their payments, adoption increasing almost exponentially https://np.reddit.com/r/CryptoCurrency/comments/qlohgo/i_thought_req_was_dead/ ...so keep holding DOT, ALGO, etc whatever bullshit tech you bought the last cycle. The market is wrong, you are right and there is no way you got scammed. Now go make a post about what big scams meme coins are -- that'll really make you feel and look smart.

ENFPwhereyouat

I have few questions about utility tokens that operate remittances such as XLM, XRP, ALGO, etc under taxation law. Say, each country have their own taxation fee when buy/selling. How does that work? You send $100,000 dollar through a utility token in the process of buy/sell. Then, the receiving end has to pay up the income tax? or Is there a specific remiitance license that exempts you from tax for each transaction? How does average peer to peer transaction even going to work, if the government tracks the record of transactions and stamps a 20% income tax? How will the crypto companies manage the taxation when even stable coins are still considered assets?

jawni

I feel like that's usually in the daily where shills are obnoxious about it, the best way to judge the subs sentiment on a coin is by reading the comments on a thread about that coin specifically. For example, look at any thread about SOL with a strong negative or positive connotation and still the majority of the comments will be negative. Even the blatant lies will be upvoted if it fits the negative spin, and the most thoughtful informative comments will be downvoted if they down align. Do the same thing with ADA, ALGO, DOT, and admittedly to a lesser extent HBAR, and you'll see positive comments.

SloanHarper

Interesting... What gave you that impression regarding ALGO?

ThatChrisGuy7

I’m gonna be so happy for ALGO holders when we see a real run up

kshtwgky59

Never used both of the exchanges you mentioned, but I always used XLM or ALGO to transfer between exchanges. Cheap dan fast.

HvRv

So basically you can say which ones you think are bad but you are not the person to say which one are good? What a shit take. And yes I can say which one I think are good and have good fundamentals in the things they aim to do - XLM, ALGO, SUI, AVAX and even the dreaded HBAR. All have great things happening under the hood.

Trader0721

You can make 20% APR in a few countries…it’s where inflation is >20%…your cro will inflate faster than your APR…it’s called tokenomics and it’s what has killed DOT and ALGO…your boy Kris will print the sh*t out of CRO to “pay” consumers for their bitcoin. Cheers though…I hope it works out for you.

jaxsantiago

If only yesterday's 30%+ pump on ALGO happened last month, i would have been a very happy man. 😆 Alas, not meant to be.

ThatChrisGuy7

So with HBAR being out apparently is ALGO being looked at by BlackRock? Or by others? Any rumors out there?

cosmic_censor

> I love how he slid ALGO in there for literally no reason at all lmao. The connection is the company who tokenized the Blackrock MMF on HBAR, Archax, also added support for ALGO to its platform.

Grunblau

ALGO not acknowledging this BS sell off…

Top_Mind9514

ALGO “IS” the next Big Thing. The next Big Thing is already here. I said this, months ago. All you have to do is, RESEARCH..RESEARCH.. RESEARCH.

conceiv3d-in-lib3rty

I love how he slid ALGO in there for literally no reason at all lmao. Them Algoverners be desperate. Something, something revolutionary tech 🤦‍♂️ Meanwhile the foundation founders have been dumping on retail for years now. Then there was the embarrassing MyAlgo fiasco, which was funded and promoted by Algo Capital, of which the CTO had his phone hacked, leading to a $2m hot wallet in his possession getting drained. This chain had so much potential. 🤦‍♂️

kshucker

*why are we talking about HBAR and ALGO?* Looks at prices *ah ok, the shilling begins*

Grunblau

I have a ledger for my non-defi assets. Rather not sign any transactions other than send on it. Talking more about clicking send and having it received before you can switch tabs. Seamlessly connecting to various platforms and just working for less than .025¢ per transaction. ALGO was my gateway to using DeFi and anything else I have tried isn’t great or is simply depositing into a pool and getting rewards. I am open to suggestions of what else to try!

Amazing-Ad-8239

Biggest words of advice are to DCA. Buying into BTC and ETH now while the price is high is fine, just as long as in the future you DCA at a lower price. Even in saying that though, BTC and ETH are still yet to make their new ATH. If you want safe and good investments, you should always consider coins that have survived the bear markets which actually have use. Here's a list of a few: VET HBAR DOT ADA ALGO MATIC Yes these coins may not see the same gains as other newer coins on the market, but if you want to be safe, they'll be safer. Safe trading!

Rey_Mezcalero

It started ok and then the ALGO hard shill I stopped reading

MookieTheMet

I got you bro, I'm still massively down with ALGO

Sad_Buy6714

ALGO,ARBITRUM, CARDANO,POLYGON, XRP, just to name a few

Captain_Fredl

ALGO is a real monster after a 3.16$ ATH😋😅

purplecowz

Yeah I sold my ALGO bags....sigh.

purplecowz

Holy shit, ALGO up 30% since yesterday

OriginalPancake15

Love seeing meme tokens pumping. Kudos to PEPE, BONK, FLOKI and ALGO holders.

threewheeldrive

Wait ALGO is moving now too? What is going on tonight?!

HelloFollyWeThereYet

It won’t be a sexy pick, but consider ALGO. By end of bull cycle it will hit $1 or more. Coin with a price less than $1 listed on major exchanges tend to run later, but run hard.

Maxx3141

I didn't expect this to turn into an ALGO shilling post...

tobeydv

I asked, "What little known cryptocurrency has good technology innovation, adoption rate, team expertise, and regulatory environment?" The answer is slightly different from yours. OpenAI ChatGPT 4: Identifying a "little known" cryptocurrency that exhibits good technological innovation, adoption rate, team expertise, and a favorable regulatory environment requires looking beyond the top cryptocurrencies by market capitalization. Here are a few cryptocurrencies that might fit this criteria, although they may have varying levels of obscurity and risk: 1. **Algorand (ALGO)**: Algorand is designed to speed up transactions and improve efficiency, compared to older blockchain systems. It uses a Pure Proof-of-Stake (PPoS) consensus mechanism, which is designed to reduce the energy consumption associated with mining. Algorand is known for its strong academic roots and a team led by Silvio Micali, a professor at MIT and a Turing Award winner. 2. **Hedera Hashgraph (HBAR)**: Unlike traditional blockchain, Hedera Hashgraph uses a graph-based consensus mechanism that allows high throughput and low-latency consensus. Hedera has gained some adoption for enterprise use cases and is governed by a council of global companies, which includes Boeing, Google, and IBM, among others. 3. **Tezos (XTZ)**: While somewhat more known, Tezos is noteworthy for its on-chain governance process, which allows the protocol to evolve through community consensus rather than hard forks. This could potentially lead to a more stable and adaptable regulatory stance over time. 4. **Avalanche (AVAX)**: Known for its high throughput and low latency, Avalanche provides a platform for decentralized applications and custom blockchain networks. It is considered innovative due to its unique consensus protocols and has been gaining traction within the DeFi community. 5. **Cosmos (ATOM)**: Cosmos aims to solve some of the hardest blockchain problems related to scalability and interoperability. With its novel inter-blockchain communication (IBC) protocol, it enables different blockchains to exchange data and tokens with each other seamlessly. When evaluating cryptocurrencies, particularly less known ones, it's crucial to consider not just the technological aspects but also market adoption, the expertise and credibility of the team, and the regulatory landscape in which they operate. Each of these factors can significantly impact the potential success and longevity of a cryptocurrency. As with any investment, it's important to conduct thorough research and consider the associated risks.

fraylovze

Lmao, I sold ALGO already for AAST and DOT

aqwn

lol i won’t hold my breath. ALGO is never going to recover.

angelafischer

I only buy ALGO with the amount of money that it's okay for me to losing all of them. If it explode, nice, if not, who cares ? Lol

monoimionom

This bot will need to buy all the favorite coins from last cycle, like ADA, ALGO, XRP, MATIC, etc. Wonder how that will work out.

whitenoise2323

No. It has less transaction activity than many chains. BTC is number 8 in daily transactions coming in below TRX, ALGO, XLM, EOS, XRP, ETH, and DOGE https://www.tradingview.com/markets/cryptocurrencies/prices-most-transactions/

aqwn

Please let me know when ALGO is supposed to go back up over $1 lol

OderWieOderWatJunge

Your kids in 2050: "What the fuck is ALGO? It says my wallet is worth $1.50"

purplecowz

XLM & ALGO are waiting in the wings

SteelersBraves97

ALGO