Not shilling. Just saying, Algorand looks good at the current price point for hodling or swing trading. Thoughts?
Over the past few weeks, it's price has consolidated around 1$ after it's previous peak at 1.8$.
All time high for algo was 3.5$ in june 2019.
Just yesterday algo partnered up with SIAE (Italy's largest copyright management institution) for representing copyrights as NFTs on algo blockchain. And since then price has been picking up, nothing big, just 4% increment. There isn't an astronomical rise as we see in P&D.
Max supply is 10B coins, with 2.6B circulating supply which makes it's marketcap ~2.7B dollars.
Imo 1.5-2$ seems like a realistic price target in the next few weeks.
What are your thoughts on algo?
P.S. I'm not recommending you to buy algo based on my post. Do your own research. I'm just sharing my thoughts and want to know what other people think about algo.