Algorand (ALGO) Investors Show Unwavering Loyalty#
Despite only 9.39% of ALGO holders being in profit, a remarkable 88.40% continue to hold their stakes, according to IntoTheBlock data. This loyalty is evident in the average holding period of nearly 11 months, surpassing Avalanche's six-month average and nearing Cardano's one-year mark.
Signs of Confidence
- Large stakeholders now own 20.7% of the total ALGO supply, up from 19.4% in May.
- This accumulation by major holders often signals a bullish sentiment.
What's Next?
Analysts predict a potential 26% surge in ALGO's price. Will Algorand's loyal investors be rewarded for their patience? Only time will tell. Read more about Algorand and its potential breakout.