Is Algorand worth buying?
Is Algorand worth buying?
What sets Algorand apart from other coins like ETH, SOL, etc.
ETH has L2s which makes it just as fast, in the near future quantum computing security will also be implemented and I’m assuming other projects will also implement it.
SOL also fast, and will most likely implement the same security as well.
So if these other two coins for example do these things, why should I buy Algorand?
Algorand is probably the most useful CC. That doesn’t always translate to being the most profitable for bag holding. It’s ATH was close to $3 a token and now it’s like $0.25. So, if CC has any future then it’s very likely that Algorand will have a piece of that.
Algo is cheaper AND faster than those L2s by a LOT! Also, unlike Solana, it doesn’t go offline!
L2s aren’t fast and are still expensive compared to Algorand. SOL is ok when it’s still online but has a never-ending supply with lots of inflation. Just flip between the price chart and the market cap chart to see what I mean.
Every coin now is desperately trying to emulate what Algorand was talking about out of the gate