$ALGO is up 24.92% on the week and the story behind it has actual moving parts, which is rare for a #63 coin.
Algorand v5.0.0 cleared 90% support, per Blockonomi, and the post-quantum upgrade is nearing mainnet. That's the Falcon-1024 quantum-resistant signature work. Banks and regulators also launched a quantum safe crypto pilot, so the theme has people paying attention.
Flow Traders is bringing 24/7 liquidity to Algorand, per BitcoinWorld. A market maker showing up matters more to me than another announcement, because thin books are what usually cap a coin like this.
I think the dip buyers are in control. $ALGO trades at $0.1144 right now, sitting just under the 24h high of $0.115. If it holds $0.103, the 24h low, I think it takes out $0.115 and keeps going while the upgrade stays on schedule. If it loses $0.103, I'm wrong on this and there's nothing to defend. Anyone who bought this week's move is handing back the whole day.
holding $0.103 or losing it?
follow me for more calls like this.
Algorand v5.0.0 cleared 90% support, per Blockonomi, and the post-quantum upgrade is nearing mainnet. That's the Falcon-1024 quantum-resistant signature work. Banks and regulators also launched a quantum safe crypto pilot, so the theme has people paying attention.
Flow Traders is bringing 24/7 liquidity to Algorand, per BitcoinWorld. A market maker showing up matters more to me than another announcement, because thin books are what usually cap a coin like this.
I think the dip buyers are in control. $ALGO trades at $0.1144 right now, sitting just under the 24h high of $0.115. If it holds $0.103, the 24h low, I think it takes out $0.115 and keeps going while the upgrade stays on schedule. If it loses $0.103, I'm wrong on this and there's nothing to defend. Anyone who bought this week's move is handing back the whole day.
holding $0.103 or losing it?
follow me for more calls like this.
