 | 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. 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. 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 ~$.102 ------------------------------------------- Algorand now has a new low of ~$.0958 as all Algo holders are now underwater. [link] [comments] |
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