After Algorand launched in the bear market the price had tanked which is to be expected in bearish conditions. Now that we are in a bull market we are returning to the levels we have previously been at after launch so it formed a massive cup. The handle is finishing up with the current trend. If we continue in this direction and breakthrough we can see a massive move. In my opinion Algorand is very undervalued in general. The creator is a genius, it is absolutely phenomenal project, and it just deserves much more attention in general. Let me know what you guys think about Algo.
I'd have to agree . Fundamentally there is just not much (if anything) better than Algorand. I can imagine it is only a matter of time before people really wake up to it? At least I'm hoping. Then again I'm some what skeptical because doing your own research is what's necessary to understand it's power and doing your own research is generally not trait that exactly belongs to the bandwagon masses.
MitchMilli
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@JJM90, the companies that adhere to the 2022 protocol like Algo will be a huge factor in separating the “wheat from the tare” in terms of crypto. Remember you could of doubted ETH in the single digits. This project is about 200 times smaller.... but more scalable... hmmm ;)
FinanciallyCodependently
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a fancy cup for a frothy teaparty...slurp it up
ALWAYS-TAKE-PROFITS
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could still be in play ,maybe in a falling wedge now creating the handle
selfshotj
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Z##
selfshotj
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Intoxicated
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I’m so so close to selling, Algo has been going sideways compared to the alts in my folder, I think this means a big move is coming
OG-Hunter
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@Intoxicated yeah what I’ve noticed is that when I wanna sell something because of the lack of movement and I do I later regret it. ALGO is definitely undervalued when you compare it to ADA. ALGO actually has a working product while ADA on the other hand is still working on that. Plus ALGO staking is significantly better than ADA and doesn’t require paying a fee to get. Diamond handed blessings upon thee 💎🤲🏻🚀
LeightonX
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Algo is up from $1 just a few weeks ago after the dip. it's trending the right direction. I'd think twice about selling.