The content and materials featured on this page are for educational purposes only. Algorand (ALGO) and Tezos (XTZ) have seen exciting developments this year.
Algorand is already set for price recovery while Tezos 2.0 has hit full stride. In this article, we discuss these exciting developments and their possible implications.
We explore how it is standing out in the blockchain space and why investors are rushing into its presale. It launched in 2019 and was already handling 1M transactions per day in 2020.
Presently, it has handled 32m transactions in the past week alone. Its major goal was to speed up transactions and improve efficiency in response to the issues of slow blockchains like Bitcoin.
It is now the 54th most valuable cryptocurrency by market capitalization, worth $2B. When Algorand mainnet went live in 2019 at $0.24 per token, it immediately soared by over 1000% and peaked at $3.28.
Its price crashed after that feat and it hasn’t recovered since then. Some analysts think Algorand might fully recover this year.
In other news, the Algorand Foundation is more committed to the advancement of blockchain technology and has joined the UK Parliament’s Blockchain Advisory Board. Kelexo presale has drawn Algorand investors who believe in its market results.
It was an attempt to solve some of the problems of Bitcoin. These include cost and centralization issues, limited expressiveness of its programming language, and security concerns.
It implements the liquid proof-of-stake (PoS) consensus mechanism. Tezos market capitalization is currently over $1b.
After prolonged deliberations, Tezos 2.0 launched last year in December 2023. The Tezos Foundation’s outlook for 2024 was primarily support for core development around Tezos 2.0.
This and many more will be discussed in the upcoming TezDev conference, scheduled for July 11. Tezos investors have also been diversifying into Kelexo, convinced it will be one of the lead performers this year.
Unlike traditional lending platforms, it facilitates direct connections between loan lenders and borrowers eliminating the need for middlemen to process transactions. It is currently in stage 2 and priced at $0.055 per token.
With only 60% of the tokens available, investors who enter now are at a solid advantage and will maximize returns. Presale investors earn passive income from a pool of platform fees, commensurate with their holdings.
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