The Algorand (ALGO) currency is one of the interesting projects; it is not new but it is still considered promising. Let me explain its current situation and potential future in 2025:
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Overview of Algorand:
It was founded by Silvio Micali, an American professor at MIT and a Turing Award winner.
The project is American, focusing on providing a fast, secure, and scalable network.
It uses a Proof of Stake consensus algorithm.
It competes with networks like Ethereum and Solana.
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Advantages of Algorand:
Very low transaction fees.
High processing speed.
Environmentally friendly (consumes very little energy).
Partnerships with governmental and private entities (including the government of El Salvador and digital identity and central bank digital currency projects - CBDCs).
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Is it likely to increase in price in 2025?
Yes, but under certain conditions:
1. If they succeed in attracting more developers and projects to build on the network.
2. If their partnerships with governments or financial institutions expand.
3. If the market as a whole benefits from a Bull Run.
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Negative points or challenges:
It has not yet achieved the same level of adoption as Ethereum or Solana.
The price is still low compared to previous peaks (ATH).
Competition in the Layer 1 sector is very fierce.
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My opinion if you are thinking of investing:
A strong project in terms of technology and team.
It could be a good part of a long-term portfolio.
But don’t rely on it alone... diversify your investments always.
