I like ALGO. Along with ATOM and XLM. Those are my three favourite Crypto's at the moment.
Why?
- I am earning 5%-6% APY on ALGO and ATOM when I hodl it in my coinbase wallet
- Stellar Lumens (XLM) is a very cheap coin to withdraw and move between exchanges
When I play the markets - if I make a bad purchase (e.g. just before an Elon Musk tweet!) then I am happy to move and keep the ATOM or ALGO in my coinbase wallet until the markets (hopefully) rise again.
But there is enough volatility (without being silly) in ALGO, ATOM, and XLM to be able to play the dips and highs during "normal" trading to be able to make some profit on a day-to-day basis.
BTW - I trade about 25%-30% of what I hodl - that way if there is an Elon Musk or China related dip, I can buy in low, sell once the shock has (hopefully) recovered for a small profit, and hodl it again.
Posted Using LeoFinance Beta