Take a look at algos rd map. They will be introducing incentives which will ramp up demand. When they combine this with a marketing effort it will further pushup demand. On top of that the xrp case is holding it back. when Xrp wins/settles and they will soon do soon it will be good for algo as it's currently in a time of legislative uncertainty.
If none of this happened, it's throw a dart at the board and land a 3x minimum anyways.
It's pretty much fail proof.
BallaJi
⋅
@BillyTradesBetter, Lots of competition for attention and it's an old coin... just gotta hope that the liquidity finds its way into the coins we hold ...
postivevibesonly
⋅
Thank you sharing your idea! Would you be able to review Spell, Grt, Siacoin , Matic, Sand and CRV at some point in the near future please? : )
Not with lots of confidence maybe it only reaches target 2.. and traps people no idea
BallaJi
⋅
@postivevibesonly, GRT I would be holding until a dollar from these levels ... needs AI/Depin to be firing
i8myapl
⋅
Algorand's future is sketchy at best. It's a hype coin. Remember when Algorand made a big deal all over social media that it was the official FIFA World Cup blockchain? And when the World Cup started, not one mention or ad onywhere about Algorand. Then, they started pointing fingers at each other, it was Algorand Foundation's fault, no it was Algorand Inc's fault. There are so several other examples like this with Algorand, they build hype only to disappoint. Sadly these actions ruined their reputation as a competitive currency, IMO.
If none of this happened, it's throw a dart at the board and land a 3x minimum anyways.
It's pretty much fail proof.