RATE Group | Is Algorand Destined for Cryptocurrency Stardom After 130% YTD Surge?
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Is Algorand Destined for Cryptocurrency Stardom After 130% YTD Surge?

21 Feb Is Algorand Destined for Cryptocurrency Stardom After 130% YTD Surge?

Posted at 17:21h in Cryptocurrency News by

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After two years of cryptocurrency bear market, altcoin assets are finally surging in value once again, but the best performers thus far are shiny new projects with much promise and hype such as Algorand.

Among the top-most performers, are Tezos, and Chainlink, but could this newcomer be ready to join these shining stars of the cryptocurrency market limelight after a staggering 130 year-to-date% surge?

Altcoins All-Stars Gain Over 100% Year-to-Date in 2020

Because the emerging asset class is still so new, young, and lacking utility and use cases currently, the cryptocurrency market is driven primarily by speculation and hype.

The coins that perform the best, aren’t always the ones with the strongest fundamental value backing them, but the ones that are hyped the most by the cryptocurrency community and influential figures.

Related Reading | Poll Shows Crypto Investors Expect ChainLink To Be Top Performing Altcoin in 2020 

During last year, upon visiting any cryptocurrency subreddit,…

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