Probably will wait till end of July
If price of algo is not over .5 then that’s it with Algo it was a decent run should have sold when it ran up to .6
Same thing again
Multiple green candles on the 15 minutes only to be pulled down aggressively again
Slowly walking down the price
Apparently similar liquidity grab happened in 2021 and was followed by a rally
If history repeats itself, will see a rally at
Where does $algo stand here ? Could it be a candidate ?
White House crypto czar David Sacks @DavidSacks says first priority is stablecoin legislation.
This means the networks which have $USDC $USDT and other US Treasury backed Stable Coins and do the most volume in Stable Coin will become exponentially more adopted, and their native tokens will become more valuable.
As I said 2 years ago, Stable Coin volume will go exponential and only networks with massive scalability and which have deep liquidity will appreciate.
Once stablecoin legislation is passed all consumer facing commercial payments including salaries will be on stable coin rails. The digital dollar will become legal tender in the US and become the currency of the internet.
This will threaten credit card and point of sale intermediaries first, including banks, who will scramble to compete with stable coin consumer banking, but IMO: US Treasury backed stable coin in self custody wallets with DeFi lending and borrowing becomes the new economy.
cnbc.com/2025/02/04/trump-cr…
Thought those huge wicks and good support were a sign of underlying accumulation, reality it was market manipulation of SOL and BTC and algo was just following