in , , ,

Algorand ALGO/USD is touted as a crypto to watch in the next bull cycle

Algorand ALGO/USD is touted as a crypto to watch in the next bull cycle thumbnail
  • A popular crypto analyst has suggested Algorand will be strong when a bull cycle kicks in.

  • Algorand has remained muted despite being the official sponsor of the 2022 FIFA World Cup.

  • The cryptocurrency is bearish.

When is the next crypto bull cycle? After a disastrous 2022, industry experts say huge corrections are a normal process, and a bull run should finally set in. 

Blockworks co-founder Jason Yanowitz says in bear crypto markets, losses can range between 85%-90%. If we take, for instance, the highest value of Bitcoin of above $68,000, we find that the cryptocurrency has lost more than 70%. Time for a bull run? Of course, we can’t tell yet, although most cryptocurrencies are displaying multiple bottoms. Whether that indicates, an imminent reversal is a story for another day. 

Like any other crypto enthusiast, you must ti

CONTINUE READING >>

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

    $ADA: Number of Smart Contracts Deployed on Cardano Grows by 100 in Two Weeks thumbnail

    $ADA: Number of Smart Contracts Deployed on Cardano Grows by 100 in Two Weeks

    Where will the next Cardano ADA/USD bull run come from? thumbnail

    Where will the next Cardano ADA/USD bull run come from?