Algorand (ALGO-USD)

While Algorand features a profoundly innovative blockchain protocol, that’s only half the battle when it comes to its investment profile.

Algorand is one of the more promising early-stage crypto projects out there, but that may not matter for prices in the near term.

Algorand is a great addition to your portfolio. The project has a talented and highly active developer team and is attached to DeFi and NFTs.

Depending on how long today's crypto bear market lasts, Algorand may pullback to 50 cents before it bounces back above $1. But, if you can handle the volatility, and hold it until its blockchain grows in usage, starting to accumulate a position at or below today's prices appears worthwhile.

Algorand has interesting underlying fundamentals but before it can change the world, it’s got to address lingering economic challenges.