Good time to buy or wait? What is the future outlook with total vs circulating supply near and long-term?
Hey y'all - just looking for some opinions on if it makes sense to buy now or hold out. The things that are concerning to me preventing me from pulling the trigger are the following:
Just curious to get the thoughts on holders - especially those who have been in since $1-2+ - what is the future outlook for you like? If ALGO went to $2 each again (or more) it would require a market cap of $1.3B (or top 10, currently rank #44) - and that's just at current circulating prices which will obviously increase. Just seems like a long shot - especially knowing there is 9.5billion more tokens to come onto the market.
Really believe in the project but I'm worried the price could go sub $0.05, and that's conservative... because if you divided the current market cap (100M by 10B = $0.01)
Help convince me to pull the trigger!
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