Press J to jump to the feed. Press question mark to learn the rest of the keyboard shortcuts
Log In
Found the internet!
Algorand
Posts
Communities

Posts about Algorand

Subreddit Icon
r/algorand
76.4k members
The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency.
Visit
Subreddit Icon
r/AlgorandOfficial
70.9k members
Official community for Algorand - World’s first open source, permissionless, pure proof-of-stake blockchain protocol designed for the future of finance. Founded by Turing Award-winning cryptographer Silvio Micali. Algorand runs on a highly energy-efficient network and is carbon neutral. Get started with AlgoKit today -> https://developer.algorand.org/algokit/
Visit
Subreddit Icon
r/algorandASA
27.4k members
Welcome to r/algorandASA (Algorand Standard Assets). This sub is for the discussion and announcements of new ASA's. Many of these asset are purchasable via https://app.tinyman.org/ 'Airdrop' & 'Announcement' posts must include a link to the asset on Algoexplorer.io in the post for transparency
Visit
Subreddit Icon
r/CryptoCurrency
6.5m members
The leading community for cryptocurrency news, discussion, and analysis.
Visit
Subreddit Icon
r/AlgoNFTMarketplace
13.3k members
This space is meant to discuss and learn about NFTs on Algorand! All deals are made at your own risk. No warranties or guarantees are made by Reddit or the moderators of this subreddit. Perform your own due diligence prior to making a trade. We recommend going through one of the marketplaces to help ensure a safe transaction. If you have a smooth transaction with someone PLEASE VOUCH FOR THEM in our Vouch Thread. Please have fun and be respectful!
Visit
Subreddit Icon
r/Algonauts
25.4k members
A hub for Algonauts to discuss, trade and collect NFTs and ASAs
Visit
Subreddit Icon
r/yieldly
12.3k members
Launched in June 2021, Yieldly is the first DeFi platform on the Algorand Blockchain. Website: https://yieldly.finance/ https://t.me/yieldly https://twitter.com/YieldlyFinance
Visit
Subreddit Icon
r/NyanAlgorand
232 members
Welcome to r/NyanAlgorand
Visit
Subreddit Icon
r/algorandFAME
119 members
ALGO FAM TOKEN is the Official token airdropped to the PIONEERS of the Algorand community on the 2nd of march 2021 $FAME promotes friendship, knowledge, charities and all forms of arts. First ETHICAL CRYPTO ever. Twitter➡️ @algorandFAME
Visit
Subreddit Icon
r/ExodusWallet
29.1k members
Welcome to r/ExodusWallet! This is the sub dedicated to the discussion of the Exodus cryptocurrency wallet. For official wallet support, please email support@exodus.com. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Remember: Exodus will NEVER ask you for your 12-word phrase, keys, or identifying information. Exodus will NEVER send you to another website to do any kind of updates except for our official website at www.exodus.com.
Visit
Subreddit Icon
r/AkitaInuASA
11.5k members
ALGO's best friend 💎🐶 Akita Inu (AKTA) - The Ultimate Community Coin on Algorand ASA ID# 523683256 Akita Kennel Club (AKC) - A stunning collection of 1,000 unique NFTs
Visit
Subreddit Icon
r/Algorand_Unofficial
92 members
Welcome to r/Algorand_Unofficial
Visit
Subreddit Icon
r/WeAlgoTogether
2.3k members
This village has been created on fundamental good values to build momentum; increasing awareness of Algorand. We will hodl together... Algorand price is unimportant, here the focus is on wholesome values, building a helpful ethical community; as we will be governors of the future... Algonauts unite!
Visit
Subreddit Icon
r/Tinyman
6.4k members
Tinyman is a next-generation Decentralized AMM protocol on the Algorand blockchain. https://app.tinyman.org
Visit
Subreddit Icon
r/algorandcasino
2.1k members
Bringing classic casino gaming to the Algorand ecosystem! Stake your Chips to become the house or provide liquidity to our chip/algo pool on Tinyman and recieve an automatic faucet drop! Find out about our verified asset, Chips (asa id:388592191) Links to our website/socials in the sidebar and top menu!
Visit
Subreddit Icon
r/NFTsMarketplace
285k members
A place where you can buy, sell, promote, and learn more about NFTs! Share your work, tell your story, but most importantly, interact with others, it's the only way to find people that truly connect with your work.
Visit
Subreddit Icon
r/HEADLINECrypto
3.4k members
HEADLINE Crypto is a Texas-based blockchain project and token from the team behind Silo, HDX, XBallot, PIPELINE-UI, and Algo Astros.
Visit
Subreddit Icon
r/CryptoCurrencies
379k members
We're Crypto Reddit's Fiji water in a desert of censorship and agendas. Arguably Reddit's best source for uncensored cryptocurrency news, technicals, education, memes and so more!
Visit
Subreddit Icon
r/AlgorandArgentina
27 members
Subreddit NO oficinal desde Argentina, del ecosistema global dinámico, inclusivo y sin fronteras, a escala, basado en la tecnología blockchain de Algorand. ⭐⭐⭐
Visit
Subreddit Icon
r/CryptoMarkets
1.5m members
Crypto Market Analysis & Discussion. Demand and price, technical analysis, fundamentals, Bitcoin, Ethereum, token, volume, oscillator, RSI, stochastic, trend, trends, sentiment, strategy, coin, coinmarketcap, coingecko, messari, altcoin, blockchain.
Visit
Subreddit Icon
r/GreeneryCommunity
649 members
Welcome to the Greenery. We are a community of researchers and investors on a mission to establish an innovative marketing brand and help promote the Algorand Ecosystem. We conduct AMA with project owners, as well as interactive education sessions (Greenery Hour) daily on Telegram group Voice Chat.
Visit
Subreddit Icon
r/CoinBase
231k members
Welcome to r/Coinbase!
Visit
Subreddit Icon
r/PeraWallet
1.9k members
Official community for Pera Wallet: The best wallet on Algorand.
Visit
Subreddit Icon
r/StonksALGORAND
116 members
Stonks is an algorand based project , for meme based NFTs.
Visit
Subreddit Icon
r/cosmicchamps
955 members
Cosmic Champs is building the first 3d P2E NFT mobile game on the Algorand blockchain
Visit
Subreddit Icon
r/kittencoin_ASA
13.5k members
KittenCoin ($KTNC ASA: 361671874) https://www.kittencoin-asa.net/
Visit
Subreddit Icon
r/AlgorandGovernors
76 members
A community for Algorand Governors to discuss Algorand. For wanna be governors also ;-)
Visit
Subreddit Icon
r/algofi
4.0k members
DeFi that scales. Built on Algorand. YC S21. Earn interest, borrow, and trade your crypto.
Visit
Subreddit Icon
r/cardano
690k members
Cardano is a decentralised public blockchain and cryptocurrency project and is fully open source. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
Visit
Subreddit Icon
r/ledgerwallet
105k members
Discussions about Ledger's products. Visit us @ ledger.com
Visit
766
Subreddit Icon
Posted by4 days ago

Many of us invested in Algorand. I also bought some. In 2020/2021, the entire subreddit was insanely bullish on Algorand. It was also mentioned all over social media and on many news websites.


https://i.redd.it/h511mvvspn4b1.png

But to say that Algorand has been a terrible performer would be an understatement. Some facts:

  • Algo is almost 96% down from the November 2021 high

  • Algo is down over 96% from all time high June 2019

  • Algo is down about 99% against Bitcoin since June 2019 and keeps making new lows

  • Algo is down 97% against Ethereum since January 2020 and keeps making new lows

  • Algo is the second worst performing top 50 altcoin in the past 90 days. Bitcoin is up 28.5%, while Algo is down 34.2%.

So what can we learn from this to ensure that we do not repeat the same mistakes?


I'll share mine and then am looking forward to yours.

  1. I will never again buy a cryptocurrency with poor tokenomics. Algo had over 500% inflation in 2021 while the staking rewards were nowhere near that. That is SO MUCH extra selling pressure. I now refuse to buy a project where staking does not cover inflation.

  2. I will avoid cryptocurrencies that go for expensive yet meaningless partnerships. Algo got a Fifa World Cup partnership that was worth nothing. FTX and CDC did something similar by getting naming rights on stadiums (Miami Heat Basketball Team, Staples Center). This is paid for with users' money. So essentially current investors are the cash cow to draw in more idiots.

  3. I will avoid projects that are heavily shilled here. Algo, LRC, ONE, LUNA, CRO, VET, CKB, Neo, and the list goes on. The inverse r/CryptoCurrency graveyard is heavily populated.* Quite a lot of this shilling was not natural.

*... but now everyone is bearish on Algo. What if it inverses to the bull side? 😂

766
776 comments
454
Subreddit Icon
Posted by2 days ago

Algorand just took another fall off the cliff with the rest of the crypto market, and broke it's all time low. The prior All Time Low was, $.1029 which occured during the March 13th 2020 Covid Crypto Crash.

https://finance.yahoo.com/quote/ALGO-USD/history?period1=1580515200&period2=1588809600&interval=1d&filter=history&frequency=1d&includeAdjustedClose=true

In March 2020, the Algorand Circulating Supply was around ~700M. With a current circulating supply of over 7.2B, the supply has increased over 10X as the price has currently reached a new All Time Low. As every holder in Algorand is now at a loss.

Anyone thinking that Algorand has another 20x bull market up it's sleeve, should know a crypto with a supply that has increased over 10X is going to be harder to make big moves up. As the increase in supply will make it more difficult to have upwards momentum during a bull market.

https://i.redd.it/4hjgr3m1e45b1.png

Taking a look at what other crypto assets were doing on the March 13th 2020 Covid Crypto Crash.

BTC dropped to a low around: ~$4k

ETH dropped to a low around: ~$97

ADA dropped to a low around: ~$.02

Algo was at a low of around ~$.102

-------------------------------------------

https://i.redd.it/h1gzliqjf45b1.png

Algorand now has a new low of ~$.0958 as all Algo holders are now underwater.

454
317 comments
207
Subreddit Icon
Posted by18 days ago

Algorand was one of the most hyped projects here during the 2020/2021 bull market. It had an amazing rise from $0.096 in May 2020 to about $3 in November 2021. We were all like:

https://i.redd.it/t1ddsrjeyt1b1.png

Since then, however, Algorand has rolled over and performed much worse than most other alts. Let me summarize:


(1) Algorand just set a new bear market low

The price right now is $0.1548. This is 95% down from the November 2021 high and a price we have not seen since March 2020. A lot of other alts have not continued to make new lows but Algorand is one of the few projects that has done so. Other alts are also down a lot less.

https://i.redd.it/m81nanj7ut1b1.png


(2) Algorand is the second worst performing asset over the past 90 days

While Bitcoin is up 8.8% in 90 days, Algorand is down 42.5%. Only Filecoin has performed worse over a 90 day period, but Filecoin is a terrible project with almost 100% inflation every year and it was marked as a security by the SEC.

Algo is second from the right...


(3) Algorand/Bitcoin keeps making new lows

Algorand is 98% down relative to Bitcoin since its highest point. 98%! And 90% relative to the November 2021 peak. Its just nonstop bleeding.

https://i.redd.it/cxnyr0lvut1b1.png

(4) The market cap just made a new bear market low

Even the market cap of Algo also just set a new bear market low. So even if you factor in the inflation of the token since all time high, the project is bleeding money.

https://i.redd.it/a1r0z9kuvt1b1.png

So....

  • What is wrong with Algorand? Why is it performing this bad relative to other alts?

  • What does the future of Algorand hold? Is this a good moment to buy then and why (not)?

  • Perhaps, given that everyone here is bearish on Algo now, it is time for it to pump and inverse us?

207
439 comments
254
Subreddit Icon
Posted by1 month ago
254
367 comments
108
Subreddit Icon
Posted by4 days ago

Now I’m not one for conspiracy theories, but this is 4.3% of the total max supply of Algo, all accumulated this year.

https://twitter.com/Algofan1/status/1666118403898343426?s=20

We’re at or near the bottom, nearly at an all time low. We’ve spent the bear market building, state proofs, faster finality, 6000 true tps, Algo kit UX, one click nodes and London Bridge to ETH nearly complete…. We shouldn’t really see these prices. It’s the best tech out there.

It feels like a concerted effort has been made to push this coin low. SEC obviously making spurious claims which will never see court, the mysterious myAlgo hack that nobody can see a reason for.

I think some powerful people are up to something on Algo. I think we turn a corner soon and we turn it in a big way. Probably when xrp wins its case and secondary sales are deemed to not be securities- Algo will have every right to ask to be removed from the cases in Binance and bittrex- as I’m sure the plaintiffs will…

I’m buying more.

108
62 comments
97
Subreddit Icon
Posted by12 days ago

The tech is superb - i will not waste time on explaining this and will instead focus on what I believe is the main problem.

The problem

I believe that if you want to have good marketing in a cryptocurrency space then your marketing needs to be vastly different than in other spaces. While for most marketing positions the most important thing is to sign a deal with a big company, in crypto this doesn't matter that much because the space is still in speculation phase (well it does if you already have a big community to take advantage of such deal and show other companies that the deal was good for that company). I believe that we don't necessarily need big companies using algorand, that can (and probably should) come later (otherwise other big companies will see that the ones who are using algorand have no traffic and will hesitate to decide to go with algorand) but instead need to grow the community first.

Improvement 1

To grow the community one needs interaction. People love listening and interacting with "leaders" of the project (cardano has Charles, solana has Anatoly etc). Algorand's most obvious "leader" is Silvio, he could take up this role (who doesn't love listening to him) but it doesn't seem like he wants to. He's relying on others to grow the community when he has the highest chance to do it and is risking that his project never gains traction among people. I'm afraid he underestimates the importance of having a true leader to bootstrap the community. To me it feels like algorand is fighting a war without a leader, and while it's theoretically possible to win it's unlikely, around 10-18 - sorry, I had to. Having a leader to bootstrap the community is therefore essential, decentralization in that aspect comes naturally with time.

Improvement 2

People love periodic updates from their favorite leaders, algorand has none of that (at least not in a structured way). John should be making monthly progress update videos on what's going on with the tech in foundation (algokit, metamask etc), Jess should do the same for marketing. Algorand inc should ofc do the same for tech side. That way people would have a way to follow algorand's progress in a nice and quick way (nowadays you need to follow many twitter accounts, watch interviews etc), so similar to how cardano has their 360. There are several advantages of this:

  • it creates hype and periodic expectations

  • listener feels like an important part of the community (it simulates a 1 on 1 conversation so the listener feels like the information has been made for him, which is true, and it makes him feel great)

  • continuous stream of progress/news information

  • people gain trust and get more attached to the project

This would help algo way more than bicycles, drones, chess or similar things combined and for far less money.

Improvement 3

The AMA's need improvement. I'm following quite a bit of algorand people on Twitter and I always miss the time to ask questions (I'm guessing that either the message is not spread enough or the window for questions is too short). So far I've only seen reddit AMA's, which are fine, but video interaction is what creates bonds between algorand team and algorand community (explained above). To me it currently feels like algorand team and algorand community are two disconnected groups.

Improvement 4

Algorand Inc and Algorand Foundation should, from time to time, offer themselves to join a podcast/show of people who put the most amount of work and deliver quality material to the algorand community. This can be seen as a reward from the algorand team to algorand promoters (and community as a whole since the result is a public video) which would encourage them to continue delivering quality material and also build bonds and a feel of appreciation. I believe John did that once and I remember content creator really appreciating it (the viewers also appreciate such gestures).

I'm a tech person who loves algorand because to me it seems like it's the best smart contract platform, so I'll keep supporting it. The reality is that 99.9% of cryptocurrency community don't understand the basics of blockchain tech (they shouldn't have to!) and without offering them periodic structured videos of progress/goals they have no reason to join algorand and no bond is created for people to stay in it.

These are not facts, it's just my current view on what can be improved. I apologize if you think like reading this wall was a waste of your time.

Lastly, I think algorand community mostly consists of very nice people - probably because it's still small but who cares, kudos to all of you. Go Algorand!

97
105 comments
81
Subreddit Icon
Posted by17 days ago

Like many people here, I’m upset with the price. Algorand has been one of the worst cryptos the past few months. And yes, I do feel some regret buying it.

I tried to “do my own research” and picked one alt coin to invest in. I decided on Algorand because of the amazing tech, promising partnerships, and super smooth user experience. The problem is: none of that matters! All that matters is network effects/community and Big Money. And both of those are basically impossible to predict. We don’t know which alt coin or meme coin will gather a massive community and take off. And we don’t know which coin some billionaire will decide to back next. All we can do is speculate which coin could get support…and it is honestly gambling. Coins in the top 50 are likely much safer than micro cap coins in the top 500, but it’s still just guessing which one will do best.

Thankfully my largest positions are in BTC and ETH. Those already have network effects, Big Money, and community so there is no guessing required. But picking alt coins is simply a gamble at this point.

Will Algorand bounce back? Yeah probably if there is another bull run. Even mostly dead coins did a solid 2 or 3x last run. So many of us could break even if we hold. But we may not get any kind of moonshot like we would if we picked other alt coins.

I hope I’m wrong and algo takes off someday. I am sticking with algo for the rest of 2023 and I’m comfortable with that risk. But after that it’s btc and eth only for me.

Despite my regret of betting on the wrong horse, I’ve come to a level of acceptance though. I made a bet and it doesn’t appear to have worked out. Thankfully I haven’t lose more than I can afford to lose and it’s certainly been a learning experience.

Cheers all 🍻

81
117 comments
82
82
57 comments