Algorand has been trading in a robust and steady uptrend since December. This run has been over shadowed by BTC and meme coin Doge. At this point I think it’s algos time to shine.
Algo
I’d go nearly 200%
Doge
Is up an impressive 17k%
BTC
Is up 300%
Right now algo has formed an ascending parallel channel and aims to see a breakout in the short-term thanks to several positive announcements:
- Algorand partners with Xfinite to create a blockchain-based media ecosystem
- Algorand names 11 blockchain startups for its first accelerator program
Algo 1 Month Chart
I believe we will see $1 shortly and plan to hodl as Algo also pays APR for just holding it!
Disclosure: all investments have risk. This blog is not financial advice so please do your own research.