Algo - Algorand altcoin, anyone know what's about it?

[cyprusbanker]

I just made a small investment in the altcoin ALGO (Algorand) now I was wondering if anyone has experience with it.

They pay a interest rate of 7,31% APY

It's not bad if you put 10.000 EUR in there you will get 900 EURO in interest per annum or 75 EURO per month.

 

[sonato]

I invested 1250 € with Exodus in this coin after reading your post.

I waited a few hours and claimed my Reward, got 2€ 😀

 

[nomad999]

its a very good project but they screw up with the supply, they issued too much with the reward and the price went down like crazy, I think they are trying to correct the problem though.
now look at the chart of Algo/BTC, its not so pretty so think about it ... btc might be a better play long term.

 

[sonato]

It is up 17% so I don't think it is that bad.

I did not know about the story you told, maybe I should sell my coins quickly again.

 

[blizz]

looks like this is a so called "s**t coin" it is down like the rest of this crazy market!

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[nomad999]

nah I think Algorand is a good and legit project, its just not a good investment so far. I would keep it under the radar things change fast in crypto.

 

[AMD]

nomad999 said:
nah I think Algorand is a good and legit project, its just not a good investment so far. I would keep it under the radar things change fast in crypto.
Click to expand...

I agree, but with my 1250 investment I made 600 until now.. what's your thoughts, any ?

 

[nomad999]

AMD said:
I agree, but with my 1250 investment I made 600 until now.. what's your thoughts, any ?
Click to expand...

yea I saw the recent pump on it ... I don't know if its legit or crap though, hard to know with these altcoins but the algo/btc chart is not pretty so ...

from the little research I did on it I think Algorand is one of those truly decentralized crypto project that have a good chance of surviving the next weave of altcoin purge.

I wouldn't invest in this without a fuckton of research on it that lead to a conviction that it will outperform btc or eth, otherwise just ignore it.