Algorand (ALGO)

"It's hard to imagine not using blockchain technology for the settlement layer."

At @AIM_Summit London, Algorand CEO @StaciW_DC shared her thoughts on how blockchains like @Algorand, with instant settlement and 24/7 operation, can transform financial infrastructure. https://t.co/OQnJ6KO07p

It's official - Algorand has revealed its quantum-resistance roadmap.

@Algorand has just revealed its 'Post-Quantum Cryptography Roadmap', detailing an 8-step plan toward full resistance.

The plan begins with two already-completed milestones in State Proofs and Falcon-1024 LogicSig accounts, and ends with PQ Consensus.

$ALGO and the @AlgoFoundation are already well-known for being ahead of the curve when it comes to quantum resistance.

Algorand just dropped one of the most ambitious roadmaps in crypto.

And $ALGO is at $0.094 and down 97% from ATH.

The roadmap is credible and tech is real.

But the numbers underneath tell a story that no roadmap can fix overnight.

📈 THE 35x PROBLEM

$ALGO hit $3.28 in June 2019 when circulating supply was a fraction of today. Now 8.92 billion tokens are circulating out of 10 billion total. 89.3% already unlocked.

Reaching ATH requires a $29.3 billion market cap. Current market cap is $836 million.

That is a 35x on price. 15x on market cap. For a chain generating hundreds of dollars in daily fees.

The major vesting schedule is done. That headwind has cleared. But clearing the headwind is not the same as creating a tailwind.

The price chart shows a long-term support level has been lost. Now it sits overhead as resistance.

Every rally has to punch through a ceiling that used to be the floor.

━━━━━━━━━━━━━━━━━━━

💀 $33M TVL at $836M MARKET CAP.

Algorand's DeFi TVL sits at $33 to $35 million.

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