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/biz/ - Business & Finance

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28077673 No.28077673 [Reply] [Original]

How strong are the fundamentals on this thing. Not looking for a PnD shitcoin but somehting wih actual use that will still be abou at EOY. Price prediction?

>> No.28077822

$50

>> No.28078314
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28078314

healthy as fuck looking. i'm staking algo until I have serious gains from this coin. full proof of stake is great. no reason we can't see $20-$30 with algo.

>> No.28078412

>>28078314
Seems a little high but I don't doubt the potential

>> No.28078461

>>28078314
Wont circulating supply be a major problem?

>> No.28078479

>>28077673
$10 EOM
$500 EOY

Obviously gonna replace Eth due to its much lower fees and better development tools. 5k stanklet here

>> No.28078637

>>28078479
fast as hell, extremely scalable, low fees unlike ethereum. this is easy money and a great coin. 7.3% apy on top of a reliably increasing price is easy money.

the mobile wallet is fantastic too.

>> No.28078738

>>28077673
Easily my comfiest hold. It's become my go-to currency for transferring between exchanges.
It *could* flip ETH but they don't seem to care much about marketing. Which is good cause it means they're working on the software.
It's going to be a slow burn to double digits.

>> No.28078893

>>28078738
easily replacing LTC as my goto for moving between wallets and exchanges. i get nothing holding LTC anywhere.

>> No.28078972

>he thinks hes gonna stake 1-20 algo each day, at 20-50$ per algo

not so sure about that chief, 1-10$ range this cycle seems more realistic

>> No.28079236

>>28078461
Not in the short term. They are at 1,259,231,283 usd in market cap right now, so a lot of room for growth. In the long term, the growth will slow because they will slow drip release many more tokens.
Long Term Algo Dynamics
https://algorand.foundation/the-algo/algo-dynamics

>> No.28079259
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28079259

>>28078461
yes, fantastic news anon, so if we do a little economics.

>supply goes down, demand goes up

what happens?

>price goes up

>> No.28079293

is it worth selling my 50 link for?

>> No.28079382

>>28079293
link is now a stablecoin

convince me it's not

>> No.28079615

>>28077673
I don't know why this coin isn't higher in price. It's literally leagues better than most shitcoins out there. The speed of transfer and low fees blows ether out of the water. Don't get me wrong I love ether but better tech is just better.

>> No.28080023

what effect will stablecoins working on Algorand have on the price? I'm thinking the USD and Euro CBDC's at least, likely more. Anyone got some mathematically reasonable guesses?

>> No.28080093

>>28079615
No marketing, no hype men, works with institutions. It's a very 'heads down' type of project, but I agree with you, the tech performs spectacularly

>> No.28080295

>>28080093
Yeah that's how you know it's legit...no pump and dump brigades shilling all over telegram and discord.

>> No.28080878

>>28079615
one word: staking