Reason why Algo is good investment. It's giving a 6% interest rate of what you invest one of the highest interest rate. XTZ also give you a interest rate of 4.6% which started before Algo and hit to $5.60 per share. ALGO will surpass XTZ quickly as XTZ is currently only $3.60 Target over $5 dollars in the long term. Follow for more analysis.
@CryptoWhale100Billion, I think what most people need to remember here is the tweet made by Elon Musk mentioning BTC being to high.. if not this week then in the next 2 weeks many will have forgotten about that and moved on which will put prices back where they were or close to it. In addition, DONT forget Bitcoin dominance determining where ALGO goes at the moment because that seems to be what’s driving it up. Cheers and happy investing boys!
CryptoWhale100Billion
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@cpino99640, Elon tweet is interesting. But he really have nothing that back that up. He's also in it for the money. If he was show proof that he sold or bought BTC maybe i would take his side but he is just tweeting you can't tell if he have bought anything or suggesting. I do on facts.
cpino99640
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@CryptoWhale100Billion, Not arguing with that i agree but when you’re the richest person in the world and tweet that Bitcoin shouldn’t be 50k everyone is going to listen to him and that’s why things have plummeted. Same concept with Doge which once he tweeted it sky rocketed to $.08 now almost a month later it’s been going down cause all the hype is gone and things returning back to normal. Right now Bitcoin dominance is in play too... So when we see Bitcoin go down we can guaranteed Algorand will follow it and also go down. In order for Algorand to really increase we either need Bitcoin to keep increasing and sustain the 50k price point or we need Bitcoin Dominance to end all together
CryptoWhale100Billion
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@cpino99640, If Elon is a full time stock / crpto/ forex/ option trader i'd agree and follow him. But if he does not work full time i cannot trust my assets to Elon.
Qurky
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@CryptoWhale100Billion, he wants to buy more people to have a chance to buy more. He knows he can say it because it’s inevitably gonna be one million or whatev.