#Aleo
Aleo has been called a doomed project recently, which has severely stabbed miners and the community in the back.
Aleo has a full buff, a star team, and privacy innovation, which has enabled it to obtain high financing and was launched on Coinbase on the 19th.
However, Aleo is too slow in doing things. The mainnet announced to be launched in 2023 was only launched on September 18 this year.
The over-the-counter price of miners at that time was $9. After Aleo went online, it fell to $2.6 at the lowest, and the payback period of miners was directly extended by more than 10 years.
It said that privacy was good, but when receiving airdrops, users were required to KYC, upload documents, take selfies, etc.
It takes 10 million Aleo to become an Aleo validator, which is not something users can afford.
Now the previous validators are all investors in Aleo, and the tokens rewarded every day can be traded at any time. Is this to make VCs pay back first?
The current circulating market value is $9.43 billion, ranking 8th on the public chain list.
If it returns to $9, it will be similar to the market value of TON and TRON, and the selling pressure will be very large.
Aleo is expected to be listed on Binance, but the current market value is too high, so wait patiently for a callback.
🚀 If you think my analysis is helpful to you, please like, forward and follow!
