Is algo a good coin?

WalletInvestor also has a positive Algorand price prediction. It sees the coin breaking the $1.50 mark in February 2023 and the $3 mark in March 2025. The site describes ALGO as an “awesome long-term (one-year) investment ”. DigitalCoinPrice projects an average value for the coin of $1.10 in April 2022.

Read more

What type of coin is Algorand?

Algorand, Inc. Algorand is a pure proof of stake blockchain cryptocurrency protocol that is scalable by solving the blockchain trilemma with its consensus mechanism. The Algorand platform supports smart contracts, and its consensus algorithm is based on proof of stake and a Byzantine agreement protocol.

Read more

Is Algorand a good investment 2021?

According to the WalletInvestor’s Algorand price prediction, it can be a profitable investment and may be traded for $2.026 at the end of 2021 and $6.740 by the end of 2025. As claimed by DigitalCoinPrice, ALGO’s average cost in the cryptocurrency market could be $2.2 by the end of 2021 and $4.36 by 2025.

Read more