Algorand - Worth a punt

I'm not buying the whole securities argument -- Gary Gensler is friends with Silvio Micali and even praised the Algorand blockchain. Something just doesn't smell right and although Algorand had quite a few successive negative events in a row, this only means they can grow back stronger.

Algorand is clearly one of the most capable projects in the Web 3 space. They've had partnerships with Fifa and even got some old-school clout from Limewire. From a practical standpoint, it's also one of the fastest and easiest blockchains to use in the whole crypto arena.

From an investing point of view, similar to projects like Meta and Activision Blizzard that dumped after hugely negative news, they bounced back because fundamentally they had a solid foundation. You can't change what Algorand is which is a hugely successful blockchain with revolutionary tech.

Personally, I'm gonna buy a decent bag because I think this can quickly reverse its fortunes.