Algorand is going to lose liquidity due to a stablecoin, and their solution is a roadmap with brutal improvements and their own wallet. Will they succeed? 🧐
The crypto world always has its dramas, and Algorand's story is on fire. 🔥 Imagine this: despite a somewhat crazy market, Algorand (ALGO) has stayed afloat, with its price hovering around $0.2624, a gain of 2.2% in the last month! 📈 Its market capitalization remains solid at $2.28 billion, showing that it has its loyal followers. But not everything is rosy, as trading volume plummeted more than 40% in a single day. 📉 That's a sign that people are on high alert, waiting to see what happens.
Is an update that changes everything on the way? 🤔
Hope is pinned on the 2025+ roadmap. And it's no small thing, it's a massive plan! 🚀 Algorand is going all out to renew its "tokenomics," which is like the internal economy of the platform, seeking a self-sustaining model. They are also working to protect themselves from quantum computers with something called Falcon signatures, a superhero move for the future! 🦸♂️
And here comes the good news for everyone: the Rocca Wallet is coming at the end of 2025. What's special about it? Well, it eliminates those seed phrases that one always loses and focuses on making it easy for anyone, even your grandma, to use it. 👵 Experts say that if Algorand fulfills all this, they could free themselves from the selling pressure that the coin has faced and, most importantly, attract big institutions! 🏦 (Imagine the usual banks wanting to use Algorand, crazy!).
The invisible threat that could unleash an earthquake 💥
While Algorand prepares for the future, it has a huge problem in the present: Tether (USDT), one of the largest stablecoins, is leaving the network! 🏃♂️ They are taking nearly $99 million in liquidity, and that is a stab in the back. 🔪 If they can't find another stablecoin to cover that gap, prices could fall between 20% and 30%. It's that serious! 😱
The future of Algorand not only depends on its innovations but also on whether they can avoid this "drain" of liquidity. Its long-term success boils down to a two-front race: executing its mega plan for improvements and, at the same time, finding a way to fill the gap that Tether will leave. Whoever wins this battle takes the crown.
Will Algorand manage to dodge this blow and, with its roadmap, become the giant it promises to be? 👀 Only time and the next moves will give us the answer.$ALGO