Maybe. It has a max supply of 10 billion. Its ath was about double the current price. DCA could be your friend, but my personal opinion is that the price is already a bit too high in regards to their max supply. I’m sure there’s money to be made, and the price will increase, but I’m not sure how much you forecast it to achieve and what you desire. I think 2-3x is certainly possible within a reasonable timeframe though (maybe within 6 months if the bull is strong). Just guessing. I’m personally looking for coins with potential, like algo, but many others; ones that are lower priced and lower max supply. I’m currently scoping out more info about Ki Token (XKI). A max supply of 800 million at 28 cents and crazy staking opportunities– 30% at some places, I believe!
Always catch the support and sell it on the resistance. You can do DCA as well buy the coins in every support and makes a profit. Like what I do with XKI, LUNA, and OSMO. You can provide liquidity as well so you can earn a decent amount of money.
These are some points that I consider when finding a good project. Just to give tips to everyone as well. \-Team doxxed ( team are available in their website) \-Solid backers and partnerships \-Low cap gems XKI (Ki Foundation) is one example of it. Under Cosmos ecosystem.