Sorting the winners from the wannabes in cryptocurrency when you have tens of thousands of options at your fingertips is no easy feat, especially for new investors.

Just take a look at the price chart below:

Source: CoinMarketCap.com

Only looking at this price movement for Algorand (ALGO) over the last month, you would have no idea how much incredible moneymaking potential this crypto actually has.

It’s one of the most underrated cryptocurrencies out there right now, according to Chief Crypto Strategist Nick Black, and a perfect example of why you need a proven, reliable framework that you can go back to again and again to evaluate a crypto investment.

What many investors don’t understand is there’s a massive difference between a crypto’s price and its value. They make reactionary decisions based on price without looking at the bigger picture – and they will lose out every single time.

Those who know how to evaluate ALGO for its true potential, on the other hand, are able to see right through a temporary price dip to realize it’s actually a buying opportunity.

That’s how you get rich.

And as an Alternative Wealth Daily member, you have the secret to success with Nick’s Five Ts crypto investing framework.

You’ll hear Nick talk about his Five Ts all the time on Alternative Wealth Daily LIVE. It’s a simple, effective way to analyze any asset to see if it’s worth owning based on:

  1. Team
  2. Technology
  3. Tokenomics
  4. Timing
  5. The Problem (or “Why Token?”)

To show you how you can use this Five Ts framework for yourself to become a better investor, we’re launching a brand-new perk for Alternative Wealth Daily members.

Every month, starting today, we’ll evaluate one of Nick’s favorite crypto projects by answering the very same questions Nick asks himself before making an investment.

That way, you can have a real shot at life-changing wealth.

Let’s kick things off by diving into the Five Ts of Algorand so you can see why this crypto is one of our top picks…

1. Team

Nick Black on Team: “When I look at team, I want to know who’s building this thing. Who is involved? Have they built other things? Do they have good DNA?”

 
Algorand’s leadership team consists of these three key brilliant individuals, starting with Founder Sylvio Micali.

Micali has been on the faculty at MIT‘s Electrical Engineering and Computer Science Department since 1983, where his research focuses on cryptography, zero knowledge, pseudorandom generation, secure protocols, and mechanism design and blockchain. Micali is also the co-inventor of probabilistic encryption, Zero-Knowledge Proofs, Verifiable Random Functions, and many of the protocols that are the foundations of modern cryptography. He’s even received the Touring Award, which is like the Nobel Prize for computing.

Then we have Steve Kokinos, the CEO of Algorand, who is responsible for overall business vision and strategy. Steve is a serial entrepreneur, most recently co-founder and Executive Chairman of Fuze, where he was responsible for corporate strategy.

Under his direction, the company transformed the way enterprises view collaboration as a key driver of business visibility, process improvement, and results. Today, Fuze has over 700 employees servicing over 1,500 enterprise customers around the world.

W. Sean Ford is the COO of Algorand, responsible for go-to-market execution and operations, including product management, engineering, marketing, and global community development. Ford joins Algorand from LogMeIn where he was the Chief Marketing Officer responsible for global marketing strategy, product marketing, e-commerce, communications, brand leadership, and demand generation.

Ford also ran the Integration Management Office for LogMeIn’s acquisition of Jive Communications in early 2018. An experienced operations and go-to-market executive, Ford worked at Avid Technology where he led worldwide marketing strategy and operations as a member of the company’s executive leadership team.

Recently, Algorand also brought on former JP Morgan executive Staci Warden to head up its Algorand Foundation as CEO. The move did not go unnoticed, and Nick believes that with Warden’s background, this could signal big banking deals to come.

You can learn more about the significance of Warden’s hiring in Nick’s response to a member question during our Alternative Wealth Daily LIVE stream on February 11, 2022:

2. Technology

Nick Black on Technology: “Here, you want to ask questions like: Are they building a protocol layer? Are they building a decentralized app (dApp)? Are they building something in between? And is the technology outdated? Or are they building something that’s going to take so long to build that by the time they get it done, it’s likely to be outdated and obsolete? Make sure the technology is relevant and timely.”

 
The Algorand blockchain is completely decentralized, which means that there is no powerful central authority or single point of total control.

A unique committee of users is randomly and confidentially selected to approve every block, while nodes are run by entities depicting various backgrounds across many different countries. That puts Algorand’s technology way ahead of its time compared to other crypto projects.

And more and more decentralized apps (dApps) are being built on Algorand to benefit from a scalable, secure, fast, and truly decentralized network that can support multiple tokens and smart contracts.

DApp development on Algorand is still in its infancy, but there are a number currently in development that are set to launch soon.

Here’s a look at what’s coming down the pipeline:

  • Yieldly is one of the first DeFi platforms to be built on Algorand. The dApp leverages Algorand’s features to provide users with a variety of products to generate potentially lucrative yield-generation opportunities.
  • Algofi allows you to borrow and lend your crypto.
  • Algomint allows you to bridge your Bitcoin (BTC) and Ethereum (ETH) into the Algo ecosystem.
  • Planetwatch is a dApp that uses crowd-sourced data to combat air pollution.
  • Lofty AI allows you to purchase a piece of actual real estate for a minimum investment of $50 via the Algorand ecosystem.
  • Zone is Algorand’s first dApp for play-to-earn (P2E) games.
  • Tinyman is Algorand’s main decentralized exchange (DEX) that is used for swapping.
  • Opulous is a decentralized peer-to-peer loan platform catering to the need of the music industry. Opulous, which is built on Algorand, will change the way artists access the funding they need and provides a launchpad for the first music copyright-backed NFTs (non-fungible tokens).

Ultimately, with this technology, Nick sees the potential for Algorand to become an enterprise solution for banking institutions looking to solve some of the biggest dangers to financial stability in the repo (repurchase agreement) market.

He goes into more detail in the video below, which was pulled from his recent discussion on Algorand from February 15, 2022’s Alternative Wealth Daily LIVE stream:

3. Tokenomics

Nick Black on Tokenomics: “Here’s what you need to ask: How many tokens are there? Is there a cap on the supply? Is there some expansion mechanism? Is it inflationary? Or deflationary?”

 
Tokenomics refers to the details of how a specific cryptocurrency works. It includes how the coins are created, the maximum supply, the means of distribution, how many coins are retained by the project’s creators as well as the conditions under which they might be released or sold, and, if applicable, how coins are “burned” (destroyed) as part of supply management.

Here are the details of ALGO’s current supply, max supply, and market cap as of this writing:

ALGO, the native token of the Algorand blockchain, has the following utilities and use cases:

  • Used to receive rewards from the pure proof-of-stake consensus.
  • Transaction fees and payments in the network made using ALGO.

The current price of ALGO at the time of this writing is $0.82 and you can buy and stake Algorand on Coinbase for 4% APR. (Click here to learn how.)

Algorand’s token allocation is thoroughly focused, and the token previously had overpriced tokenomics that adjusted the price.

4. Timing

Nick Black on Timing: “Timing is a little bit like technology. But timing refers to questions like: Is the project relevant? And do they have a vision that makes sense in the long run?”

 
The long-term vision of the Algorand Foundation is to create a resilient financial system that is evenly scalable, decentralized, and secure. Unlike its energy-hungry first-generation and second-generation counterparts, Algorand was engineered to be eco-friendly.

5. The Problem/Why Token? (ALGO Token Use Case)

Nick Black on the Problem/Why Token: “Always ask yourself: Why is there a token? Do you need your own token to do what you’re trying to do – to go from Point A to Point B or to deliver your service? Why do I need your currency? Why does it exist? What does it solve? What is embedded in it? Is it some smart contract? Functionality?”

 
Algorand has one of the most clear-cut use cases you’ll find in cryptocurrency.

Last year, after the president of El Salvador made Bitcoin a legal tender in the nation, the Algorand network became pivotal to El Salvador’s financial plans when the blockchain network it used to build on was none other than the Algorand’s. Following this development, Algorand also aided in the creation of a digital wallet for El Salvador.

At the end of the day, we’re looking to invest in projects that are going to meaningfully change the planet Earth – and Algorand fits that bill to a T.

We always recommend you do your own research before making an investment, but Nick’s Five Ts are a great way to get started. You can access Nick’s Five Ts guide 24/7 right here.

Take care,

The Alternative Wealth Daily Research Team


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Tuan Le
Tuan Le
2 months ago

Thank you very much, Nick.

By the way, I’d like to ask you about Cosmo, its Max Supply of ATOM tokens. I did some research but did not find out the maximum number of its tokens.

TL

American Institute for Crypto Investors Research Team
American Institute for Crypto Investors Research Team
2 months ago
Reply to  Tuan Le

Very welcome