11/19/2023 0 Comments Algo coin price prediction![]() The distribution will go down from an annual quantity that amounted to almost 20% of the circulating supply in 2019 to a percentage just under 10% in 2020, reducing inflation. Halved the speed of distribution of the participation rewards that go evenly to all Algo holders to reflect the significantly reduced token supply. Reduced the Foundation's own selling plans for 20 from around 1 Billion Algos to a maximum of 150 Million Algos. During the suspension, the Foundation agreed with the Node Runners on a new distribution plan that, in 2020, will release a minimum of 3% of the tokens allocated to the Node Runners, instead of the originally planned 50%. The suspension came into effect on September 27, 2019. Supported temporary suspension of the distribution of Algos going to the early backers performing the role of Node Runners. Under the guidance of the Economic Advisory Committee (EAC), the Foundation has: At the same time, the Algorand Foundation, in consultation with our community, has revised the economics of the Algo market to foster stability and steady growth. New features include Algorand Standard Assets, making tokenization easy and safe, Multiparty Atomic Transfers that can be executed in a single transaction, and Algorand Smart Contracts allowing the developments of applications with unrivaled scalability. In mid-November the Algorand Foundation released a major technological upgrade, aimed at making Algorand the most efficient platform for Decentralized Finance applications. Please read the Algorand team's post from January about their tokenomics. The Algorand Foundation plans a slow and steady rise and will counterbalance volatility. In short, they will manage it much-like a traditional company handles a stock. I could go on but I'm just going to refer to what the Algorand team themselves have said regarding how the Algorand Foundation plans to handle things. I hope you understand that economies can't function properly with insane volatility. You also need to realize that even if there was a global economic collapse and people rushed into cryptocurrencies out of fear, they would be rushing into state backed CBDC's, stable-coins, and-or Bitcoin, not ALGO. Honestly, it's a red flag that reveals that you're new to the space and have a lot to learn. It's certainly possible that ALGO reaches several dollars in the near future but the second part of your prediction is just silly. ![]()
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