ALGO

biba8163

| 💎🙌 | Year-To-Date | |:-----------|------------: | ADA | -43%| | AVAX | -38%| | LINK | -30%| | DOT | -50%| | MATIC | -61%| | HBAR | -42%| | ATOM | -61%| | ALGO | -44%|

rsicher1

ALGO, MATIC (now POL), ATOM, DOT Wish I had put that money somewhere else. Anywhere else.

Brekkeks

Beware, all ye who wander through here, once upon a time this sub shilled ALGO and ADA. That's all I'll say.

kirtash93

Bullish on ALGO in r/cc? I am selling right now!

hiorea

ALGO

Brekkeks

Because this sub shilled them. Add ALGO to the list as well.

Grunblau

…I might have been projecting. If ALGO got a green light of any kind from the SEC, I think it would do better. Governance was the worst thing they could have done for the ecosystem. That ends in a few months for a new system. I just wish they would bring back the passive rewards and the tick up counter.

wooly_torch

MATIC, sure. Like 2% of my portfolio. ALGO wouldn’t be terrible to dca rn but i thought its downfall in the bear was unacceptable, just pure vapor. Sold that to collect capital loss for taxes.

Grunblau

sounds like a ALGO MATIC bag to me.

Grunblau

Agree about infinite number of alts…. Should redefine who can hold “unregistered (digital) securities” and then begin rubber stamping some of the main chains. BTC, ETH, but also AVAX, ALGO, ATOM, DOT, XLM, XRP, and maybe SOL…. Would just need a no action letter

Dazzling_Marzipan474

Hello, ALGO, DOT, ATOM

biba8163

☠ ☠ Decentralized Recovery Alliance☠ ☠ ☠ > Legion of Doom of Shitcoins   | | From ATH | |:-----------|------------: | XRP | -85.8%| | ADA | - 89.4%| | HBAR | 91.4%| | ALGO | 97.4%|

Sharp-Mud-7532

I would keep a diversified portfolio.Personally i dont have BTC cause i cant afford it but if i did i would have BTC, some top 100 like ALGO, some small cap like AGIX and some microcaps with good projects like QBIT(rwa real estate), NAI( ai/gpu), REVV(gaming metaverse), and MBD(metaverse rwa finances)

Sharp-Mud-7532

For SAFE BET ALGO,MOVR, AGIX and SGB. For the bigger profit low caps some good projects i see are QBIT(a real estate and rwa) , MBD(meta rwa finance), REVV(meta gaming cars) and NAI(ai gpu). Out of these my top picks would be: ....i dont know i like them all lol

biba8163

> DOT, ALGO, AVAX etc...... have the exact same chart. Ghost Chains with Inflated Marketcaps just like ADA. No shit sherlock, they have the same chart. > You buy alts now to sell them for 5X 10X From this point in 2020, BTC did 7X. It did about 10X from it's average bear market price. That brought massive liquidity to Alts. I can guarantee you BTC isn't doing 7X this run. IF there is a big run, BTC goes between $100 to $120K max. If you are listening to Saylor, Willy Woo and moonboy analysts, you are going to get burned. I did my own analysis in 2020 and predicted and sold at ~$50K range. > $50K was my conservative estimate of BTC price support although I thought it could go a bit over with FOMO. I didn't know where or how that much new money would come in to Bitcoin to support $50K+ over an extended period of time in this bull run https://np.reddit.com/r/CryptoCurrency/comments/krbcrg/daily_discussion_january_6_2021_gmt0/gi9rg6i/ > Currently to maintain a $9K price requires ~$16 Million per day new money has to come into Bitcoin that is ~$5.9 Billion per year and that is only to support the downward pressure from miners selling newly minted coins. With BTC averaging maybe around $7K over the past two years despite the downward pressure and dumps from early whales, Bitcoin price has absorbed all that additional supply to maintain the current price we would have thought was insane just a few years ago. https://np.reddit.com/r/CryptoCurrency/comments/f9k2vq/daily_discussion_february_26_2020_gmt0/fitm4sx/ BTC going to $100K range is very muted returns. It's not going to make all your shitcoins pop 5X to 10X. The 2021 run was much more selective and muted than the 2017/18 run where there was a real Alt Season. People holding a ton of shitcoins all waiting for a 10X are really going to get fucked. Most these coins will not see anywhere around ATH and people are still going to be holding losses trying to get out. Plus there are thousands more projects. Additional, no shitcoin has made ATH in 3 cycles.

BizarroTheory

You can say the same about any L1 except maybe SOL and some outliers over the last year. Literally DOT, ALGO, AVAX etc...... have the exact same chart. No shit sherlock, alts perform badly in a bear market, tell me more about how water is wet. You buy alts now to sell them for 5X 10X, and you obviously don't go heavy on alts like you should with BTC.

joechss

ALGO!

DBRiMatt

That ice-cream commercial is the best thing ALGO has actually developped xD

SimbaTheWeasel

That’s what you feel when you buy ALGO

Grunblau

I don’t see CA issuing license numbers on BTC, or Italy issuing bonds on BTC, or aid organizations looking at how to distribute aid in a war zone via BTC. This is done on AVAX, ALGO and XLM, FYI…

OderWieOderWatJunge

Or what was its name, NEM? Anyway. A few bags is no problem. But some people are shitcoin maxis. The think that ALGO will be the big one eventually and they are 100% invested...

Original-Assistant-8

Vitalik isn't the only one that has at least thought about how to solve this risk. These are coins I'm aware of with some level of research, plan, or existing implementation. ETH, CELL, HBAR, QRL, XX, AME, XEP, HBAR, ALGO, QANX I've seen quite a few debates on which of these will offer the solution the space needs. And why they will be adopted for more than just updated encryption. I can make arguments for and against all of them. Including QANX which caught my attention long ago, though I still believe they have a brilliant approach and appear to be nearing the finish line. In the end all systems must upgrade or be left behind. These projects preparing from block zero will not have the tough challenges old coins have deal with (which is why we see such resistance to working on this). They also have a huge headstart.

SimbaTheWeasel

*Cries in ALGO*

SimbaTheWeasel

*Cries in ALGO*

Lillica_Golden_SHIB

Plot twist: he was a member of this sub and exchanged everything for ALGO

Lillica_Golden_SHIB

Me holding ALGO: bigger loss you said?

Ku-no-ku

ADA and ALGO are working on some AI-related partner chain collaboration. If this continues, just the AI hype should lend it some strength this cycle.

Renowned_Molecule

I live in the USA. My thesis is to invest into the blockchain companies located here (ALGO HBAR XLM XRP). Why? Government compliance is about to become paramount in the global crypto ecosystem. BTC and ETH will likely do great outside of western governments once we first get regulatory clarity & mass adoption by retail and institutional users.

Original-Assistant-8

So far the coins I'm aware of with some level of research, plan, or existing implementation. ETH, CELL, HBAR, QRL, XX, AME, XEP, HBAR, ALGO, QANX

OccasionalXerophile

7 day ALGO chart looking damn sexy👀

Lillica_Golden_SHIB

Me two years ago: I *beg* you to buy ALGO, don't fade it!!

jawni

my condolences. at least you *should* now know the error of your ways, the popular opinions of this subreddit are almost always the exception, not the rule, and solely relying on it will definitely lead to portfolios full of badly performing coins based on a warped perception of the industry. My profitable SOL bag might still be a heavy ALGO bag if it weren't for me ditching this place for Twitter. I still come back, but it just makes me realize how much of a detriment this place was.

SeriousGains

TRON is outperforming the entire market right now. While all the alts (ADA, LINK, VET, ALGO, etc.) have burned to the ground, TRON has separated itself from the rest as an actual investment.

pretty_officer

I’ll sell you all my ALGO lmao

Grunblau

Could also finally give an Ethereum killer the boost it needs to deliver a death blow. How do you send your USDC? ETH? SOL? ARB? ALGO? AVAX? XLM/XRP?

DingDongWhoDis

Mastercard will settle payments on ALGO rails in real time thanks to Pera wallet and immersve. Ethereum payments will settle once a day. Algorand has instant finality. The realistic comparison, as you phrase it, still has Algorand out performing the competitors you're defending to the end. Please, sir, take the L and grow from it.

DingDongWhoDis

The fact you CAN make small payments (or a shit ton of gigantic payments via atomic swaps) with ALGO via L1 speaks plenty. You're arguing to say positives and strengths shouldn't be highlighted on a level playing field. I strongly disagree.

DingDongWhoDis

Not really disingenuous when ALGO doesn't depend on an L2 for all transactions (and still outperforms most/all L2s) . L1 vs L1 should be where the comparisons begin, IMO. There is nothing misleading about the ad.

tianavitoli

i see your ALGO and i will raise you AXIE INFINITY

JustinCompton79

ALGO and ADA post today! *buckles up*

Zorbithia

My thoughts...warning: long-ish. Too bad no one is really using Algorand that I know of. In addition to their many issues on the Algorand Foundation side of things which are beyond the scope of this thread, I literally can't think of a single time I have ever seen any kind of Point-of-Sale devices (PoS) for people to accept payments using ALGO at any kind of small business (or even a large one) in my life. Not knocking Algorand, I'm all for people and businesses especially getting setup and using crypto payments to eliminate expensive and existing banking options if they can (though in most cases, they are sadly still the most convenient and best option available for the majority of people), it certainly adds up and can be super great in micropayment transaction situations as well as for food vendors like the ice cream truck here -- they already operate on super low margins and the few additional percentage points charged by VISA/Mastercard along with the time the funds are held up before getting paid out to your bank account make crypto payment rails a better alternative for sure. It's unfortunately not really being utilized in this way, at all. The only way I see anyone really using crypto for payments are in 2 main situations: 1) the use of Monero on the dark web 2) usage of stablecoins in a variety of situations -- this is the natural "killer product" that crypto was meant to bring to the masses, IMHO. It's largely failed on this front. Solana has done a decent job with integrating their Solana Pay PoS systems in a lot of businesses, accepting USDC via Solana's network, and it works great, but there's still a lot of hesitancy from business owners to accept it, from customers to use it versus their credit/debit cards or cash, and a lack of knowledge/awareness from businesses that it even exists as an option in the first place. The crypto industry has a lot of work to do.

biba8163

He's in ALGO. I think he told me he was down $240K last month.

biba8163

IOTA is a window into so many of these hyped projects people fell for. It's -80% of its June 2017 price when it entered the market and most people have abandoned ship but you'll still find many people saying the team has been working hard, developing partnerships, working with the European Union, etc. All the hyped tech coins that came out 5 years ago are at a loss and below 2019 prices and just like IOTA people will continue to hold bags even though the writing is on the wall. - XTZ is down ~-50% since 2019 - ALGO is down ~-50% since 2019 - HBAR is down ~-50% since 2019 - DOT is blow 2019 price level - ATOM is below 2019 price level

noviwu97

This sub is beyond saving tbh. These people hating on SOL but worshipping shits like ALGO. The only reason I still visit here is to start selling my SOL whenever this sub start loving SOL.

tittie_goblin_69

ALGO is busted. The foundation dumped their bags on us. They time to move on

Incredibly_Based

ALGO. been following them since i first got into crypto and the amount of poor funding allocation got really gross; 100 million dollars to sponsor drone racing was probably the worst of their decisions imo

Psychological-Win339

I’ll set a reminder and we will find out. I wouldnt be surprised if VET, ALGO and ADA did. ADA is in the 30 cent range. Previous all time high was 3 something. If the cycle is similar to the last I would expect ADA to hit 3-5 dollars. Like I said I’ll do a reminder and we will see who’s right.

Grunblau

The only pause I have about ALGO is that the foundation has almost dumped all of their bags on us. What happens next? Does it die because there is no money to pay grifters that want to steal from the community? Or is there something in the works that will make this all worthwhile? Interacting with the chain is a joy. My ordered list of preference would be ALGO, XRP, VET, ADA, FIL, BTT having held them all at some point.

biba8163

I don't know how you guys go to sleep with heavy or 100% Alt holdings at this point in the cycle. - After being down -90% since 2021 all the coins with greatest tech and use cases like ALGO, ATOM, DOT, HBAR, etc ....are like another -50% since the beginning of 2024 - XRP which has some fictional use case to save banks trillions of dollars is below 2017 price level - ADA which was going to digitize documents, tracking and identification in Africa is below 2018 price level - LINK which is supposed to create decentralized oracles to connect the real world to the blockchain is -50% from 2019 price level And people holding these coins say, wait until BTC goes on a bullrun then we'll be rewarded. Even the biggest idiots should realize by now these projects are nothing but bullshit hype narratives when BTC is the only thing that can hope to make the coin's value rise.

Grunblau

Happy with ALGO and AVAX. Enjoy Tinyman DeFi and Core app is easy to use. Happy with Bitcoin since I started as a maxi, I didn’t get hit too hard this winter. With ETH, I hit a goal and now I wonder why I still hold it since I avoid all things ERC-20. Bought a bunch of XLM sub 10¢ and will cash it in as it rises every 1/8 of a ¢ or if BTC ratio gets back over .000005

LrnFaroeseWthBergur

Wait, ALGO check it 4 u.

biba8163

> All tokens should be distributed to me - Silvio Micali Imagine investing in a public blockchain project where ONE man keeps 20% as a founder's fee. > The “low float, high FDV” model involves releasing a small percentage of the total token supply (the float) to the market while assigning a high price to each token. This creates a deceptively inflated FDV for the project, and many token holders fail to account for the remaining token supply that is still to reach circulation. ALGO, August 2019 - price $0.70 - circulating supply 200 Million 2024 - price 0.11 - circulating supply 8 Billlion....and 200 Million as change https://coinmarketcap.com/historical/20190815/

LucrativeThinking

ALGO

Dazzling_Marzipan474

I'll be happy at 80k BTC, 4k ETH, $1 ADA, $1 MATIC, $15 DOT, $15 ATOM, $0.50 KAS and for all my ALGO holders $1

jawni

>People already going after other stuff. like what? I'm honestly curious, haven't seen anyone bullish on anything on the market outside of BTC/ETH/SOL/memecoins lately. And if you say DOT, ALGO, or ADA, I'll be forced to slap the shit outta you.

Grunblau

Every time I have seen a large APR for lockup, it usually spans both a ridiculous token pump and then a savage sell off. ALGO governance was my first experience of this. I feel like crypto.com might bring the exchange to the US this year as direct competition with Coinbase advanced. Utility will be added to CRO. It will fly high and then they rug it since they have issued 26/30B.

Imperialtech69

ALGO, ERGO, NEXA, CHAT and CREO. All a waste of time.

Lillica_Golden_SHIB

A step closer to financial freedom!!! *Sells and proceeds to buy more ALGO*

Lillica_Golden_SHIB

On the other hand I didn't miss any losses from ALGO 🥲

biba8163

True but the market gives you indicators of who the sure losers are: After being -90% since 2021 ALGO, ATOM, DOT, HBAR, etc ....are like another -50% since the beginning of 2024. The thing these chains all have in common are predatory tokenomics without any demand for the token. Doubling down on losers and buying dying projects from previous cycles is a great way to keep losing more money

hedgehogssss

Controversial due to price movement, but I still believe in ALGO.

olduvai_man

Only 1% farther off the ATH than ALGO is.

excubitor15379

That's what happens when u think no need to drop /s cuz it's too obvious it's a sarcasm. No I don't bet on ALGO. This shit is dead like almost every past alt

biba8163

- ALGO has 4+ BILLION more in circulating supply since when it was $2 - Pretty much every single poor gullible soul who bought ALGO since 2019 is at a loss - Shitcoin Predator Silvio Micali kept 20% of the supply to himself. It took Jed McCaleb 7+ years to dump all his 9% supply. Silvio will be dumping for free money for years. - When everyone is at a loss, people are looking at a lot of different price points to exit a shitcoin they've been burned in. History shows these shitcoins never reach anywhere near ATHs

excubitor15379

But who else would buy it if not him? We all know ALGO will reclaim 2 dollas next bullrun, pretty obvious ppl will fight each other to buy it

biba8163

Alts that were -90% from 2021 like ALGO, ATOM, DOT, HBAR, etc ....are like another -50% since the beginning of 2024. Doubling down on losers and buying dying shitcoins from previous cycles is a great way to keep losing more money

jaxsantiago

Posted this yesterday: "Made a mistake earlier. Minutes before BTC slumped to 49k\~ earlier, I panicked and thought I sold off my SOL bag.. only to find out a few minutes ago that I actually hit the BUY button and used up all available funds I had (after selling my ALGO at a loss yesterday). As of this writing, that mistake has turned into a 6% gain. LOL. True story."

olduvai_man

I couldn't imagine holding ALGO throughout this bear market as it's been brutal. At least you got out while there was time to make gains.

jaxsantiago

Sold ALGO a couple of days ago at a big loss. Mistakenly used the proceeds to buy SOL yesterday. Looking at both coins today, the proceeds from the SOL buy is at least 5x bigger than if I had sold ALGO today. In short, I should've dumped ALGO long time ago.

throwaway92715

Bitcoin is almost certain to come back eventually, whether in a week, a month, or a year. Altcoins may never come back. RIP ALGO, ADA, MATIC etc...

jaxsantiago

Made a mistake earlier. Minutes before BTC slumped to 49k\~ earlier, I panicked and thought I sold off my SOL bag.. only to find out a few minutes ago that I actually hit the BUY button and used up all available funds I had (after selling my ALGO at a loss yesterday). As of this writing, that mistake has turned into a 6% gain. LOL. True story.

pushandpullandLEGSSS

Same. Picked up some ETH, AVAX, ALGO.

CleazyCatalystAD

I like and hold all of these, with the exception of ALGO. Nice list. SOL cannot be ignored at this point, though.

kirtash93

Time to sell my kids and wife to buy some more crypto. I am a degen so I will buy, MATIC, ARB, LINK, ATOM, DOT, ADA and ALGO.

biba8163

Most Alts are below 2020 pre-bullrun prices. Absolute Token Dumps. The fact that some people are saying they are buying more of this crap to lower the cost basis shows Alts aren't anywhere near capitulation yet. 2020 Prices on popular Alts: - ALGO $0.55 - DOT $6.30 - CRO $0.17 - HBAR $0.07 - LINK $17 - XRP $0.63

UhUhWaitForTheCream

ALGO ma boi

biba8163

Most Alts today are lower than in 2020 2020 Prices: - ALGO $0.55 - DOT $6.30 - CRO $0.17 - HBAR $0.06 - LINK $17 - Litecoin $85 - XRP $0.63 The thing is, most the Alts today are going to be even lower in 2028 than they are today.

PedRodrigues

ALGO!! When i jumped into crypto my 1st "solo research" was algorand and bought it around 0,50//0,60$. Without any proper knowledge até the time i had set order to sell all on Binance ate 2,50$ When ATH was reached on that day (as for me I still thinks it was some kind of mistake or fat fingers) my order was fulfilled and with that a few (large) dollars entered my account 😎 It was, without a doubt, my best trade with zero logic regardless. Hope it could happen again 😂

kiri000

Damn ALGO is still around? Last I heard it was having a lot of problems with community due to many rug pulls on their chain.

pwnti

I remember when this sub totally loved and pushed ALGO. I am -70% since then

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 l