Is Algorand (ALGO) Crypto a Better Investment For The Long Term?
There are now plenty of emerging cryptocurrencies that investors might consider looking into and one of those is perhaps Algorand (ALGO). Silvio Micali, who is a professor at the Massachusetts Institute of Technology, had created the cryptocurrency back in 2017.
However, within a short period of time, it has managed to break into the top 25 cryptocurrencies in the world and commands a market cap of a shade lower than $12 billion. Here is a look at three reasons why you could consider Algorand as an investment at this point in time.
One of the more important aspects of cryptocurrencies at this point in time is interoperability and in that regard, Algorand could be an excellent project. The Algorand blockchain allows for the launch of projects which are multichain.
On the other hand, the Algorand network has also managed to come into focus among many investors due to its work in relation to smart contracts and that has opened up a world of use cases for cryptocurrency. At the end of the day, use cases can often drive considerable value for a cryptocurrency. Last but not the least, the cryptocurrency is now being listed on some of the biggest crypto exchanges and that brings in significant growth potential.
