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r/algorand
76.5k members
The community controlled subreddit for the carbon-negative Algorand blockchain and cryptocurrency.
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r/AlgorandOfficial
70.8k 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/
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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
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r/CryptoCurrency
6.5m members
The leading community for cryptocurrency news, discussion, and analysis.
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r/AlgoNFTMarketplace
13.4k 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!
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r/Algonauts
25.4k members
A hub for Algonauts to discuss, trade and collect NFTs and ASAs
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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
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r/NyanAlgorand
232 members
Welcome to r/NyanAlgorand
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r/algorandFAME
128 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
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r/ExodusWallet
30.5k 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.
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r/AkitaInuASA
11.4k 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
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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!
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r/Tinyman
6.4k members
Tinyman is a next-generation Decentralized AMM protocol on the Algorand blockchain. https://app.tinyman.org
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r/GreeneryCommunity
651 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.
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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!
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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.
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r/NFTsMarketplace
287k 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.
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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. ⭐⭐⭐
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r/CryptoMarkets
1.5m members
r/CryptoMarkets is participating in the Reddit blackout to protest the planned API changes https://techcrunch.com/2023/06/05/multiple-subreddits-and-moderators-are-now-protesting-reddits-api-changes/
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r/CryptoCurrencies
380k 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!
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r/CoinBase
233k members
Welcome to r/Coinbase!
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r/PeraWallet
1.9k members
Official community for Pera Wallet: The best wallet on Algorand.
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r/StonksALGORAND
116 members
Stonks is an algorand based project , for meme based NFTs.
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r/algofi
4.0k members
DeFi that scales. Built on Algorand. YC S21. Earn interest, borrow, and trade your crypto.
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r/cosmicchamps
963 members
Cosmic Champs is building the first 3d P2E NFT mobile game on the Algorand blockchain
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r/AlgorandGovernors
76 members
A community for Algorand Governors to discuss Algorand. For wanna be governors also ;-)
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r/kittencoin_ASA
13.5k members
KittenCoin ($KTNC ASA: 361671874) https://www.kittencoin-asa.net/
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r/cardano
689k 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.
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r/ledgerwallet
106k members
Discussions about Ledger's products. Visit us @ ledger.com
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r/ethtrader
2.3m members
Welcome to /r/EthTrader, a 100% community driven sub. Here you can discuss Ethereum news, memes, investing, trading, miscellaneous market-related subjects and other relevant technology.
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Posted by3 days ago

A lot of us invested in Algorand. I also bought some a few years ago. Back in those days, all of us were very bullish and positive. Algorand was all over Reddit and other social media websites and news websites. Algorand got some strong partners over the years.

https://i.redd.it/2j2wixee8jbb1.png

Fast forward to 2023, and Algorand is a little under $0.11. Yet it used to trade at $3.15 in 2019 and $2.30 in 2021. Relative to Bitcoin, Algorand is even down 99% since 2019.


Actually, from the start of 2023:

CryptocurrencyPrice 1 January 2023Price 12 July 2023% difference
Bitcoin$16625$30742+85%
Ethereum$1201$1886+57%
Algorand$0,1775$0.1062-40%

So while Bitcoin is up 85% and Ethereum up 57%, Algorand is down 40%. This means that $1000 invested in these three cryptocurrencies would give you $1850 (Bitcoin), $1570 (Ethereum), or $600 (Algorand). That is an INSANE difference.

For perspective, XRP is 40% up, Litecoin 36% up, Polkadot 18% up, ADA 16% up, and Solana 120% up. Almost every other alt is outperforming Algorand since the start of the year.

What happened? Where did this go wrong? Cant believe how bad Algorand is performing.

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Posted by3 days ago

It shouldn't come as a surprise that Crypto Specific Subs - are served with an insane amount of Copium. When anything bad happens with the crypto you can check the Sub and find the latest spin for why "it is actually a good thing" and why the token is going to inevitably Moon.

Being a previous sub favorite and one of the most shilled Cryptos on this sub in 2021, everyone here is probably more familiar with the 46th Ranked Crypto, 'Algorand' - than higher ranked cryptos like: Stacks, Aave, FileCoin, or OKB. As a result, it shouldn't be surprising that Algorand gets an unequal amount of attention over it's horrendous bear market performance.

https://i.redd.it/lj2oqp6k7ebb1.png

Even today Algorand continues to drop and is currently the worst performing crypto over the last 7 days out of any crypto in the top 100 by Marketcap.

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For the past year, whenever I see anything bad happen to Algorand I check the Algorand Sub and often see the same rehashed lines

"Algorand is the easiest to use L1 and has the best tech this bear market doesn't matter"

or

"Now is the time to buy Algorand, Development is only getting easier"

When people call out Algorand for it's obvious flaws, like the Centralization of ALGO and the Foundation constantly dumping on retail. You see things on the Algo sub like:

"The more the Foundations dump now, the less they can dump later. This is going to become bullish in a bull market."

As a spectator it's easy to believe these lines, especially coming from people who are so confident that their crypto of choice will recover.

https://i.redd.it/2mo56sq7ydbb1.png

Despite that - Algorand has just continued to fall during this bear market and currently shows no signs that it might recover. Especially now that the biggest ALGO DEX is closing shop.

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It's true, the CryptoCurrency sub does have a horrendous record and will often shill pumping projects only to make the new buyers - bag holders. But for all of its flaws, this sub does have users that really know the Pros/Cons of different Crypto projects, and aren't just going to repeat the same lines of raw and unfiltered Copium that you'd find in a Crypto Specific Sub like Algorand

Don't look for investment guidance in a Crypto Specific Sub - If you do, you'll likely end up DCA'ing into a endlessly dumping project based off an insane amount of unfiltered copium from the existing (bag)holders.

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Posted by1 month 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? 😂

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Posted by1 day ago
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Posted by1 month 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

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

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

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Posted by14 days ago

Algorand Foundation has to be one of the worst run I’ve seen. I can’t even begin to understand why they do these unless they’re purposely trying to lose the money and dumping to friends/family/business partners.

They trusted and did deals with Three Arrows Capitol. Anyone in crypto knows not to deal with 3AC, something to the tune of 50 million US and tanking the price of Algo

https://np.reddit.com/r/CryptoCurrency/comments/w21o6w/the_algorand_foundation_has_filed_a_claim_against/

Algorand Foundation lost another 35 million trying to yield a bit on a really unknown platform Hodlnaut

https://cointelegraph.com/news/algorand-foundation-outlines-35m-exposure-to-crypto-lender-hodlnaut

That’s almost 90 million they threw away or gave to friends, on some crazy risk. If you lose on a business end to something unforeseen maybe that is sensible. But would anyone trust 3AC with $20 much less tens of millions? Would anyone hold 35 million on Holdnaut an exchange no one has heard of, unless their friend, family, partner made them some kind of deal?

I didn’t read too much on their new deal but damn you can’t make such bad decisions unless there’s something else going behind closed doors. That or this foundation is incompetent.

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