Yesterday I released a video entitled "Five reasons why your Algorand price predictions are wrong."
The video's point was mostly to sum up five big things Algorand currently has going for it.
Algorand node rewards: Algorand in January turned on staking rewards, which incentivized people to tun their own nodes. The plan to increase the number of nodes and make Algorand more decentralized worked. Algorand is No. 2 or No. 1 in the most number of nodes on any given day.
P2P gossip: Algorand's relay nodes get criticized from time to time - but Algorand will soon move to a peer to peer gossip protocol that will eliminate the need for relay nodes (god help me if I understood that right).
Supply: More than 80% of the supply has been released of the 10B total coins. While I don't think it's as important to price as many think (just look at the number of coins that have pumped while their supply is mostly unreleased) but it's a good thing to get past.
Leader in Real World Assets: 70% of Mexican Airline Tickets are minted on Algorand. 30% of electricity bills in Afghanistan are minted on Algorand. Italian solar panel shares will be minted on Algorand. (Somehow it still gets left off of RWA lists!) Not to mention all the real estate minted by Lofty on... you guessed it... Algorand.
Made in the USA: So there is some debate about what counts toward this designation that still needs to be parsed out, but by current measures Algorand is BASED in the U.S.
Bonus: Y'all remember how FIFA announced it plans to launch a coin? FIFA mints its NFTs on Algorand. Just sayin...
#Bitcoin Finally reached $100,000 !
As promised,
I will change someone's life and send 1 $BTC (~$100,000) to one person by tomorrow.
Just like, RT and leave your '#BTC' address
Random winner in 24 hrs, make sure you are following me to get DM 🔔
Starting now and until Christmas, I'll share a reason every day to be bullish on #Algorand in 2025.
I'm also giving away 20 $ALGO daily to a random person who likes, follows me, and RT! 🎁🎅
Day 1⃣: Algorand keeps generating more and more revenue!
This is actually a key metric for the long-term sustainability of the network.
Since transaction fees on #Algorand are extremely low and fixed (0.001 $ALGO per txn), it's crucial for the network to maintain a significant level of on-chain activity.
Why? Because, in the long run, transaction fees will be the exclusive source of rewards for validators on the network. As a result, it's important for this process to remain profitable for those securing the network and to ensure that enough revenue is generated to fairly remunerate them! 🧑💻🌐
And here's the great news: revenues generated by $ALGO literally skyrocketed in 2024 compared to 2023, thanks to growing on-chain activity, including increased real-world adoption!
We're talking about a 10x increase over just one year! 🤯
In 2025, we can definitely expect #Algorand's revenue to continue growing significantly, as many great things are set to launch on the mainnet.
I'm thinking, for example, of new airlines starting to use $ALGO via @travelX, generating massive on-chain activity, or promising projects like @KeoWorld teased by @marcvl!
One thing is for sure, $ALGO is on the right path to reaching self-sustainability in a few years! 💸
See you tomorrow and don't forget to like this tweet, follow me, and RT for a chance to win 20 $ALGO! 🎁
#giveaway #AdventCalendar
Each day until Christmas, I'm sharing a reason to be bullish on #Algorand in 2025.
Plus, I'm giving away 20 $ALGO daily to a random person who likes, follows me, and RT! 🎅🎁
Day 2⃣: Staking rewards are coming to Algorand!
Many people in #web3 are unaware that $ALGO was, until today, one of the few major L1s where validators are not remunerated for their work, and where there's no staking option for users.
Why? Because the initial philosophy of @silviomicali when creating #Algorand was that the security of a network should never depend on financial incentives.
In other words, every user of the network should have a mutual interest in securing the network themselves, especially enterprises using $ALGO to run their businesses… particularly since, unlike many other chains, becoming a validator on Algorand is very low-cost!
NGL, I'm a big fan of this philosophy! However, this idea is somewhat utopian in today's world, I mean it would require massive adoption (far beyond any crypto's current level!) to make it viable.
And if we want to increase the security and decentralization of #Algorand, we need to incentivize more validators to secure the network.
And this is exactly what's coming soon thanks to the @AlgoFoundation! 🔥
Yes, in just a few days, staking rewards are launching on Algorand!
This is huge news for $ALGO attractiveness!
#Algorand will finally become profitable for validators, and users will be able to enjoy staking rewards.
Staking itself isn't a new concept, most other chains have already offered it for a long time.
But let's be clear: staking on Algorand will likely provide one of the best user experiences in the space! 🤌
✅ No slashing risks
✅ No lockup periods
✅ Running a node is super easy/accessible
✅ Initial rewards: 10 $ALGO + 50% of txns fees
✅ Rewards are distributed in real-time!
If you want to be directly eligible for staking rewards, it's quite simple: you'll need to run a node on your machine (a relatively recent standard machine is enough, no need for expensive hardware!) with a minimum stake of 30,000 $ALGO.
But if you can't do that, don't worry!
Many other options allow you to participate too.
EVERYONE will be able to enjoy juicy staking rewards! 💸
Most dApps on #Algorand will offer staking opportunities, whether it's liquid staking via @tinymanorg, @MessinaOne, @FolksFinance, or @Compxlabs, staking pools via @pact_fi, or even decentralized delegated staking via Réti Pooling from @TxnLab or @ValarStaking.
You'll definitely find an option that works for you! 👍
Don't forget to check the website of the @AlgoFoundation for all the info (link on the visual). It's super useful!
See you tomorrow and don't forget to like this tweet, follow me, and RT for a chance to win 20 $ALGO! 🎁
Thanks to @rogozov (founding member of TON Foundation, CEO of TOP Labs) for mentioning and affirming Catizen today!😺
😻Catizen is honored to be an excellent case in TON ecosystem, and the Kitty Metaverse is getting better and better with everymeow's support!❤️🔥 @ton_blockchain