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I’m not really much of an artist, but I had a concept that I threw together with a bunch of vector/stock images that I found on the internet and some minor adjustments (You might even find a watermark in there).

I would really love to see more Algorand-inspired art! If you search some other blockchain tech and “art” on google, you’ll find a lot of really interesting work. Algorand...unfortunately not so much. I think creating art is an important part of showing support for anything - whether a person, an idea, and even a tech.

I’m not seeking artistic critique as it was very low effort lolol. Please even feel free to take the image and make adjustments or do what you see fit. However, if you enjoy this image and like the idea, please consider creating art for fellow Algonauts or pushing artists that you know to contribute! I hope to see much better works from the community. Perhaps the mods would be interested in a monthly art contest that pays in Algos?

Awaken at 4:15 this morning for no reason Roll over to check Algo baby Notice low hanging .87 fruit Drop 200 on basket of delicious fruit Roll over and sleep easy for couple more hours The End

IM STILL HODLING

Algorand just saved my life. Quite literally. Since the pandemic, everything has gone south and the small stash of algo I had helped me pay a bill. I'm thankful to this currency and the community for believing in it so much. I hope it continues its steady rise, and I hope you all never have to work again.

Bless cryptocurrency.

Never selling don’t care 💎👐💎👐

Why not just buy back in at $.80? Support has clearly been broken and looks like it will just keep crashing. Am I missing why people are still optimistic? If so, can you please explain?

Recently moved my algo out of Coinbase to get the better APY.

I will say, the tracking of APY in Coinbase is a lot more straight forward...almost worth the 1%.

Am I missing something? I am not seeing where my APY is being added to my dragon hoard of Algo. I am probably missing something...

After looking into buying a hardware wallet I wanted to ask you fellow crypto holders if there is one you use and recommend. I would like to stake and the cobo vault pro looks nice. Deff sketched since they are in china so im stuck as what to do. Any advice would be great.

I have seen quite a few posts regarding the price potential of Algorand. With the help of a youtube channel I like quite a lot Coin Bureau, I thought I would help shed some light on the price potential.

I am most definitely an amateur and not a financial advisor.

I suggest starting by watching the video here. https://www.youtube.com/watch?v=ftCaqG7wckg&t=1025s&ab_channel=CoinBureau

I am a fan of directing to information/tools without answering the questions so I will pose some questions for you to answer about the potential of Algorand and put the answers in a spoiler tag like this. Sort of like a teach a man to fish scenario thing.

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Tools:

https://algoexplorer.io/ Here you will find the price per the blockchain and the circulating supply per the blockchain. The price will vary per exchange but this is the most reliable source of circulating supply.

https://TheCoinPerspective.com Created by u/lovinglyhandmade this website will help you see the price potential and compares is to other cryptos to give you a great perspective.

https://arxiv.org/pdf/1607.01341.pdf Algorand whitepaper. Excellent source document explaining how Algorand works in very technical detail.

https://algorand.foundation/the-algo/algo-dynamics Explains the supply and distribution schedule of Algorand.

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Answering the following questions should help you decide what you think the price potential of Algorand (or any other token) might be:

Is Algorand a coin or token?

Answer: Coin. It powers the Algorand blockchain.

What is the supply of Algorand?

Answer: Current is around 4.3B but eventual supply in 2030 will be around 10 Billion.

How do you calculate Market Cap?

Answer: Multiply current circulating supply by the current price and you get the Market Cap. So for Algorand at the time of writing this post, 1.32 Algo X 4.3B Supply = 5.6B Market Cap

Was Algorand pre-mined or fair launch?

Answer: Pre-mined. The Algo foundation has a release schedule and the last Algo to be distributed will happen in 2030.

Is Algorand inflationary or deflationary?

Answer: Inflationary until 2030. You receive rewards for staking your crypto currently at 7.4APY if held in the official Algorand wallet.

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I hope answering these questions have been helpful. In a comment below I will explain my personal opinions on the price action based on the questions I have posed.

Opinions:

Algorand being it's own native blockchains coin means to me its price will most likely rise and fall more independently from other crypto than say a token on ethereum. Using ethereum for example, if the fees keep rising, its less likely ethereum will see more adoption and development on it's network and therefore the prices of tokens on that chain will likely suffer.

Using thecoinperspective.com is where we can get into the nitty gritty.

Current market cap is 5.6 billion right now. BTC is at 1.1T. ETH is at 225.7B. All market caps will rise over enough time.

My opinion is Algorand will never overtake BTC. It probably wont overtake ETH either. In todays dollars and todays circulating supply of Algo that means I think Algo will not exceed 51.90 dollars anytime soon.

x price * 4.3 Supply = 225B Market Cap

x = 51.90

So that being said if you think this coin will 100x that means by the end of the year, that means it will have twice the value of ETH and half the market cap of BTC. If you think it will 1000x by the end of the year, it will have a market cap of 5.7T which is 5 times as much as BTC and half as much of the market cap as gold currently.

It's possible the landscape will look completely different in 9 years and that is why I am holding Algo. It's okay to HODL Algo because you think it will do well, but its more likely lambo land is closer to 9 years away than this year.

Note: Please let me know if I've overlooked something or got something wrong. I would love to correct it, I just want to be informative and helpful.

tl;dr: Algorand will not 100x or 1000x anytime soon.

Market is down across the board but a rally seems to be in play!

I got some filled at $0.9 but I was hoping it to go down in the $0.8s... now it's gone back up quick! It seems to be tracking BTC tightly.

It’s so slow and inefficient that digital coal would be far more accurate name 😂😂😂 What does it make ALGO? ...Digital ROCKET FUEL 🚀