Algogrand Update: Where is ALGO Headed in 2022?
Hope that you guys enjoyed that livestream. Tough times this past week but at least we have a bit of a relief rally today!
One of those coins that seems to be rallying is ALGO and, as promised, I have an updated review on it for you! And boy, has Algorand has been busy
In my opinion, Algorand's most important update is that it has continued to increase the number of relay node runners on its blockchain and introduce members of the community as part of this cohort. This will only increase Algorand's decentralisation as time goes on.
Algorand has also spared no expense in expanding its ecosystem, and it seems to have paid off. Dozens of dApps have deployed since I last covered the project, there's hundreds of millions in total value locked in its DeFi protocols, and tens of thousands of users.
The thing is that ALGO hasn't performed all that well, and not just because of the macro factors affecting the rest of the crypto market.
If you want to find out what's been going on there and when ALGO could finally rally to its full potential, stick around til the end!
⛓️ 🔗 Useful Links 🔗 ⛓️
► Algorand Blockchain Metrics: https://metrics.algorand.org/
► Algorand Governance: https://governance.algorand.foundatio...
► Algorand Ecosystem: https://ecosystem.algorand.com/
► Algorand Foundation FAQ: https://algorand.foundation/faq
► Algorand Foundation Structured Selling: https://algorand.foundation/the-algo/...
► Algorand Foundation Sean Lee Celebrates ALGO Supply Increase: https://www.youtube.com/watch?v=gWjE9...
📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.