/biz/ - Business & Finance

Goracle just went to mainnet on Algorand recently so I'm thinking about picking some up just for the hell of it. I've mostly been focused on just getting Algos on the cheap for if/when things recover.

>>55497780
>tvl: $160
>fdmc: $160 million

>>55497707
Not really, it's a similar gamble to buying a random #1000 rank shitcoin and praying for a moonshot. Algorand itself is dead so all the tokens in its ecosystem will also struggle a lot

Idk people still trying to push coop pretty hard but algo sentiment is borderline suicidal

bump

>>55499912
who bumps their shit 15 min after the last post

>>55497707
This must be the most oversold and undervalued L1 currently. Bought a tiny bag just in case.

>>55501549
>undervalued
lol

>oversold

foundation still has millions to dump, other VCs aren't going to get into it now at this point. There is no utility to retail you are literally just the exit liquidity cushion

>>55501624
What is the difference between this and literally any other chain? Look at the tokenomics of HBAR or Solana or Cosmos etc. yeah there is some centralized entity and there are tokens to dump. Do you think this is going to last forever?

>>55501650
Other chains have better token distribution and/or have more demand. Algorand has zero demand and 99% of the tokens are either dumped directly or given to VCs that dump with terrible lockup agreements. Almost nothing goes to you before it gets diluted.

HBAR has done a better job of getting adoption. Solana targeted devs/retail when the hype was high. Similar with Cosmos, and they attracted people with their airdrops and better governance/community control.

>>55501722
> Other chains have better token distribution and/or have more demand
What demand? Who the fuck is using Solana or HBAR? The entire market is in the toilet and we're just speculating on who is better positioned to bounce back.
As for token distribution, it's crap for all those pre-mined coins.

>>55501759
>What demand

I suggest you take a look at the ranks. Even hbar is a shitcoin and it's surpassed Algorand after being behind for so long. That's due to a mixture of demand and token distribution. There's nothing to argue here, facts are facts.

Algorand has worse overall management/VCs/distribution/network effects than those others. More people think SHIB could pump than Algo and for good reason.

>As for token distribution, it's crap for all those pre-mined coins.
Somehow even after FTX blew up, Solana still has better VCs than Algorand. That's saying a lot. Look at Jump Crypto for example, they replenished a $100M+ wormhole hack to make victims whole. Meanwhile Borderless Capital doesn't do shit for relative peanuts lost in a MyAlgo hack. And then things like Acelerated Vesting being full blown retarded, it's the cardinal sin to not enforce strict lockups and just let everything get vested in months from price manipulation.

I mean it's worse from every angle. It doesn't just underperform for no reason.

>>55501810
Fully agree, also think memecoins like pepe or shib are better punts than most 2021 cycle L1's honestly. I would pick SOL first perhaps, still large dev community, mobile narrative and pretty large existing mindshare with retail. Not that any of these will ever reach new ATH's they just might outperform ETH for short periods and could make decent swing trades. Not in my personal plan just thinking out-loud.

New cycle L1's like Monad, Berachain ect and L2s like Fuel network is where you want to really be playing

I seriously doubt ALGO will ever make it to 0.75 ever again.

>>55501951
>I seriously doubt ALGO will ever make it to 0.75 ever again.
If it does then it'll be at the same rate as other shit. I don't see it really outperforming the market

you can buy one of my domains... heh... ugh

>>55502622
What are your domains

>>55502766
scooped up most of these on day one when algo was ~35¢ so I guess it isn't too bad.

>>55502924
Nice collection anon. I wanted to buy some but 600 ALGO for a 4 letter domains is fucking theft. Maybe when ALGO is at $0.01 I'll splurge on some nfdomains.

>>55503064
Absolutely agree. It feels like devs don't give a shit anymore. Hasn't been any auctions in months, which is one of the few things that would bring more activity to the space.

>>55497707
SNIFF

>>55503088
what are the chances kek

>>55503606
so fucking bad

and at the same time ALGOcels will claim their chain never got any publicity and marketing because it was too "serious". It was literally always one of the most popular chain for retail mouthbreathers after with Cardano. Most popular on REDDDIT.

fuck this gook scam token.

>>55503626
>It was literally always one of the most popular
Algo was super popular before insiders dumped it to oblivion and killed all positive sentiment. Now baggies say "negativity" is the problem. Truly lost causes

>made an announcement that Silvio has pushed back his retirement to have more oversight to the chain that is obviously crashing and burning
>that was 3+ months ago and he hasn't made a peep since
At this point I expect John Woods to quit in frustration. He's the only one who feels like he's actually trying to achieve things in the Foundation instead of just collecting a paycheck for being a CEO or "marketing"

>>55503856
>John Woods to quit in frustration
Word on the street is he got paid a kings ransom so it's hard to see that happening

The people at the top made off well. The crashing and burning may even be intentional if their goal is to cash out and they don't care to commit long term.

And if not, I wouldn't be surprised if they're not worried one bit. They're stubborn folks who come from trad backgrounds. They're surrounded by yes-men and in echo chambers, blocking any critics on social media. They're likely just as delusional as shills and think the shitty performance is just a blip on the radar and their success is inevitable if they keep doing what they're doing. Best tech, build it and they will come, superiority complex

>>55503991
>Word on the street is he got paid a kings ransom so it's hard to see that happening
I know that ultimately he's just a hired gun. But he's actively been pushing for proper decentralization and the rest of the foundation keeps making sketchy OTC deals so that VC's can dump even harder. It's beyond counter-intuitive at this point. Even after the accelerated vesting. People were right, the foundation will run this chain into irrelevance. This will be a ghost chain long before 2030. Can't wait for them to act like retail wasn't interested when it was the Foundation that killed it all.

bump

>>55501810
Borderless was hit by the hack, you moron. They wanted to make themselves whole in the slimiest way possible. Also, they're a boutique VC ran by a beaner.

we can all agree that hbar holder have tiny penises. that's just a fact

>>55501316

>>55504353
>This will be a ghost chain long before 2030
It already is

>>55505115
Exactly, my point is they're a shit VC. Literal nobodies who dump heavily and drop their balls in community staking pools to soak up more rewards for dumping