Long term Algo holder here and they are doing some amazing things. Programmable Euro in the EU. Tons of real world asset adoption from actual profitable businesses that are using the chain. TravelX and Lofty come to mind. I think that it might take a while for its price to come around, but wouldn’t be surprised at $10/algo in the future
Best chain I have used so far in terms of reliability , new foundation CMO and current CTO are good. Issue is lack of liquidity on-chain. Good entry price with the dip right now might pick some up below .15
Vaporware. Practically non existent asset value on chain. If you want to do due diligence on L1s, check out defillama
Defilama numbers are not accurate.
Got an example or source on that?
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Agreed!