$ALGO New CEO really wants to rely on selling services to buy back himself???
On September 26, the Algorand Foundation reposted key points from the new CEO William Herkelrath (ex-Chainlink) Reddit AMA: Algorand 2.0’s top priority is financial self-sufficiency—he believes it can be achieved within five years. Revenue comes from services customers are willing to pay for, which then feeds back into the ecosystem—he even suggested it could turn ALGO into a net-buyer and increase node dividends. He also mentioned selling post-quantum attestation/verification services to other chains, allowing enterprises to join the network without directly touching ALGO, and multi-chain bridging by 2027.
Binance ALGOUSDT perpetual is currently around 0.131, up about +11.8% in 24h. Volume is roughly 58.2 million U with about 720k trades. Open interest is around 111 million coins ≈ 14.5 million U, and funding is about +0.01%. CoinPaprika market cap is about $1190 million, ranking around 79, with a 7-day gain of about +15%.
I personally feel this market action is more like competing for a timeline of “future net buying,” rather than already seeing real cash flowing in—pressure terms are in place; the real hard threshold is generating sustainable income and buybacks.
$ALGO What do you think about this unusual surge? Feel free to leave a comment and let’s chat.
On September 26, the Algorand Foundation reposted key points from the new CEO William Herkelrath (ex-Chainlink) Reddit AMA: Algorand 2.0’s top priority is financial self-sufficiency—he believes it can be achieved within five years. Revenue comes from services customers are willing to pay for, which then feeds back into the ecosystem—he even suggested it could turn ALGO into a net-buyer and increase node dividends. He also mentioned selling post-quantum attestation/verification services to other chains, allowing enterprises to join the network without directly touching ALGO, and multi-chain bridging by 2027.
Binance ALGOUSDT perpetual is currently around 0.131, up about +11.8% in 24h. Volume is roughly 58.2 million U with about 720k trades. Open interest is around 111 million coins ≈ 14.5 million U, and funding is about +0.01%. CoinPaprika market cap is about $1190 million, ranking around 79, with a 7-day gain of about +15%.
I personally feel this market action is more like competing for a timeline of “future net buying,” rather than already seeing real cash flowing in—pressure terms are in place; the real hard threshold is generating sustainable income and buybacks.
$ALGO What do you think about this unusual surge? Feel free to leave a comment and let’s chat.
