Investeerders worden aangetrokken tot Algorand, en dit is waarom

Algorand (ALGO) is een interessant cryptoproject dat dit jaar uitstekende prestaties heeft laten zien. Ondanks dat het slechts 2 jaar oud is, plus/minus een paar maanden, heeft het project in 2021 veel aandacht getrokken.

Een reden hiervoor is de goede prijs‑prestatie, aangezien de prijs van het project gedurende 2019 en 2020 meestal dicht bij de bodem lag, rond $0,22. Dit veranderde drastisch in 2021, toen het meteen aan het begin van het jaar begon te groeien en tegen midden februari een prijs van $1,70 bereikte.

Het project kende daarna een correctie, maar slechts tot $1, waarna het opnieuw steeg, dit keer tot $1,80 medio april. Na een andere, mildere correctie, steeg het opnieuw begin mei, dit keer tot $1,62. Sommigen geloven dat de prijs zou zijn blijven stijgen als het niet de marktbrede crash was die Bitcoin van zijn ATH van $64,8k naar $32k bracht.

Algorand daarentegen ging van $1,60 naar ongeveer $0,65, wat de laagste stand is sinds begin februari. Maar het is ook vermeldenswaard dat dit vóór 2021 als een uitstekende prijs zou worden beschouwd.

De echte wending voor ALGO begon ongeveer twee weken geleden, op 28 augustus, toen de prijs begon te stijgen — en nooit meer stopte. Algorand bleef verder stijgen en steeg verder tot $2,54. Hoewel het nog steeds onder zijn all‑time high ligt, die op $3,28 staat en op 21 juni 2019 werd bereikt, is dit de dichtstbijzijnde benadering van die piek in meer dan twee jaar.

Waar gaat Algorand over?

In order to understand why is Algorand an attractive and worthwhile project, we must first talk about what it is about. Essentially, the project operates as a self-sustaining, decentralized network based on blockchain technology, that supports a wide range of applications.

It offers a secure, scalable, and efficient system that is quite effective for supporting all kinds of applications, and allowing them to function in the real world. In addition to that, the project is also attracting attention due to great transaction speed and efficiency, which its developers particularly focused on after seeing how blockchains like Bitcoin and Ethereum struggle to scale and meet the community’s demand.

Algorand wanted to have a shorter transaction time and to handle a greater amount of transactions at one time. However, it also insisted on having low fees, which is a particularly great issue with Ethereum. While Bitcoin fees have been known to be extremely high, Ethereum’s need to be paid more often, as every move in its ecosystem requires some kind of small transaction to be made.

Finally, Algorand did not want to rely on energy-intensive mining, and so it launched on a pure PoS protocol.

Waarom groeit Algorand?

Algorand’s make-up, as well as price performance, have been attracting investors from all around the world over the last few weeks. More than that, the project started attracting rather big money.

Only days ago, it was uncovered that Algorand got a new DeFi fund, known as Viridis DeFi Fund, which offered to provide 150 million ALGO coins to fuel the development of the project’s DeFi sector. The fund, which was around $300 million large at the time, offered to provide grants for different subsectors of DeFi. These SupaGrants, as they are known, will each bring $5 million to specific categories, with the first two focusing on oracle network-related projects and bridge-type projects.

In other words, the fund is primarily aiming to support projects that revolve around bringing off-chain data to the blockchain, as well as those that will push the growth of interoperability between Algorand and other networks.

With that in mind, Algorand is growing because it is rapidly attracting DeFi investors, as well as users of DeFi applications and protocols. And, of course, it is expected to quickly grow and become one of the most developed and best-connected projects around, thanks to this incentive.

The presence of the fund will arguably speed things up a lot for Algorand, and the project — even though it would have grown on its own, eventually — will now see a rapid rise as a result. The events have already been set in motion, and ALGO is now traveling down the path of blockchain giants, which is why we believe that it is an excellent time to buy now, before it skyrockets to its ATH, and then to completely uncharted territories.

To learn more about this project visit our Investeren in Algorand guide.