$ALGO

Generally speaking, I don’t post analysis articles here, but in order to celebrate Algo’s current benefits, I would like to share some opinions with you.

1. Algo is listed in coin50 index by coinbase

2. As a friend shared earlier, there are five currencies that must collect cryptocurrency profit tax, which was stipulated during the Biden period. These five currencies are ADA/ALGO/XRP/HBAR/FIL, and the tax rate is as high as 37%. Trump has said that he will cancel this tax. (XRP/Algo/ADA are currently on the increase list).

3. Algo has now broken through the long-term downward trend. In conjunction with the shark harmonic pattern at the daily level, I think the high probability will be 0.2 in the short term, and there is a chance of it being above 0.3 in the long term.

p.s.

Everyone knows that Algo is technically very good, but why is the currency value so low? Everyone may have doubts in their minds. I would like to share a comment about Algo from Coinbase on Coin 50. I think it is quite pertinent:

"Participants in cryptocurrency usually do not buy the native tokens of projects with the best technology and the most efficient transmission speed. This is why the market value of algo is so low."

Because in the field of cryptocurrency, everyone hopes to get paid quickly, such as investing in memes, etc., so technically good coins like algo are at a disadvantage. The basic construction takes a long time. I hope that everyone can invest in algo and be able to Looking at it on an annual basis, a low currency value means there is a lot of room for growth, right? For your reference.