$ALGO will launch staking in jan 2025.
đȘMagic, like everything else, is always perfectly timed to create the illusion that youâll become rich because âwe worked hard on something.â This is why so many projects launch staking programs. Even newly launched projects, like Over, immediately offer staking rewards for locking up your tokens and removing them from circulation.
But think about this: why do you think a highly technological project like Algorand didnât offer staking rewards during 2021, 2022, 2023, or even 2024? Simpleâit wasnât profitable.
Itâs not in their interest for people to stake tokens during a bearish downtrend, calmly accumulating rewards instead of panicking and selling. No, the strategy is different. Theyâll push the price of ALGO higher in the months leading up to a potentially bullish altseason. People will buy into the hype, lock their tokens in staking programs as part of a clever marketing campaign, and receive rewards. Meanwhile, insiders and whales will quietly offload their holdings, converting them to USD.
Then, when the inevitable downtrend arrives, retail investors are left holding locked tokens. Theyâre faced with tough decisions: should they wait for growth, withdraw from staking and sell at a loss, or even buy more? Many will simply leave their coins locked until the next bullish cycle.
These are the same people who will talk about having âdiamond hands,â not because theyâre strategic investors, but because theyâre stuck, hostages to their positions. In the next cycle, theyâll wait just long enough to break even and then, with their heads held high, proudly post on social media after 4-5 years: âI told you so, I was right!â
