ALGOETH - Gains Approaching after small FakeoutAfter a pretty decent 30% profit from the last Short trade we've now got ourselves what looks like a profitable Long trade too! We've had a small fakeout on the bottom edge of this descending channel but the price was quickly restored to within range and now looks to be heading to the upper boundaries!
We should be able to bag at least 10% on this trade, all the way up to around 30% if you're feeling brave, keep your trailing stops up to date with this one!
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ALGOETH trade ideas
ALGO to .0015 ETH by June. I believe Algorand will accelerate it's growth rate at a far more rapid pace than ETH. Algorand already has scaling, ETH is trying to work it out. No forking, no Proof-of-Work, and a faster transaction time.
Smart contracts built in, atomic swaps built in. Private blockchains for enterprise, that still are able to connect to the main ecosystem seamlessly. True decentralization, unable to be corrupted or 51%, and no server center.
Instant Staking, 7% APY.
Just my 2c.
Or, rather, $1.34, at the time of writing.
-CapitalKha
Algorand vs. Ethereum OutlookI strongly recommend you to try Algorand Wallet and its ecosystem. Best Pos (PPoS) I have ever experienced.
Transaction cost: $0.005
Transaction speed: Instant
Staking starts as soon as you move your tokens to Algorand Wallet so you don't really need to stake your tokens at a shady pool.
Nice explorer.
Great tools, tutorials and libraries for devs.
Defi and Oracle ready.
DYOR