Algorand - Getting kind of cheap
Gotta say this is tempting. So is proof of stake possible to compete with PoW? Economically I understand this just makes the existing holders constantly wealthier. Also there are pre-sales, etc. So, kind of a scam.
On the other hand, the tech is pretty cool and transaction fees super-low. So this seems pretty competitive.
Drew like 3 pitchforks on this chart, IMO if Algo breaks out from here it could be a big winner, otherwise I'm looking at the 20 cent range.
Feel free to correct me or enlighten me on any of this.
On the other hand, the tech is pretty cool and transaction fees super-low. So this seems pretty competitive.
Drew like 3 pitchforks on this chart, IMO if Algo breaks out from here it could be a big winner, otherwise I'm looking at the 20 cent range.
Feel free to correct me or enlighten me on any of this.
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