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Should You Buy Algorand?
In my opinion Yes and here is why.
Algorand is a proof of stake cryptocurrency asset that operates on its own blockchain network. At the time of recording It is currently priced at $1.35 and can be purchased on Coinbase, Kraken, Crypto.Com, Binance, and Voyager.
What makes Algorand such a great coin to invest in? Well any good cryptocurrency asset has utility, scalability, and usability. Utility means the coin actually has a purpose beyond just being a popular holding. Scalability essentially means the coin has a future in terms of operating with other DeFi applications, and Usability means the coin is relatively easy for the average person to use and handle. Keep watching to see Algorand’s final score in each of these metrics.
First, let’s discuss the overall pros of Algorand.
Pros of Algorand
Algorand boasts a number of useful capabilities that makes it stand out as a top tier cryptocurrency.
The first is that it’s proof of stake. While not a major concern for most people, proof-of-stake blockchain architecture uses much less energy than proof-of-work (bitcoin) which requires a large amount of energy for transactions to be processed.
The second is passive income without staking. I think Algorand is one of the few crypto assets I have…
