The best HUF-based cryptocurrency. Bitcoin competes with the cycles of ethernum, xrd, dogecoin, and litecoin. Algorand is a relatively new network, whose native cryptocurrency is ALGO, which aims to create a decentralized system where convergence between traditional and decentralized finance becomes possible. Algorand allows network participants to join the economy and create tokens and smart contracts that represent new and existing assets. The project and its associated crypto were created by the Algorand Foundation, which oversees the development and funding of Algorand, and the protocol was created to facilitate a decentralized environment without a central authority. Thanks to its advanced features, innovative technology and fast transaction speed, Algorand has become one of the most popular cryptos on the market. Less than a third of the limited supply of 10 billion ALGO coins is in circulation. Based on data from May 2021, the number of ALGOs in circulation is 3.038 billion. Once the maximum supply is exhausted, no new ALGO coins will be created. The maximum existing supply of 10 billion ALGO coins was minted at the time of creation. A finite supply, like Bitcoin, acts as an anti-inflation mechanism. Algorand works as a network that creates decentralized applications using smart contracts. Algorand implements scalability, security and decentralization in a single blockchain, so users can enjoy the benefits of fast finalization and instant transactions. The Algorand blockchain aims to become an integral part of decentralized finance and provide a perfectly scalable environment for users and developers. ALGO is used as the native cryptocurrency on the network. Algorand (ALGO) can be used for payment transactions, creation of Dapps, participation in staking, and it can also be traded in the market. The exchange rate graph shows the average individual HUF exchange rate based on current market data. Of course, when you want to buy or sell the given coin, the suggested buying and selling price will differ from the average rate, as it already includes the so-called "spread" (the difference between the best buying and selling price at a given moment) and also the commission charged by CoinCash. There are several types of exciting business opportunities and strategies for "managing" cryptocurrencies, such as buying them regularly with a cost average (Cost Average), mining or operating masternodes, trading on stock exchanges, lending (Lending), starting businesses, etc. Ultimately, however, all of these are based on long-term increases in the price of fixed assets. Increasing returns through investments and securing them through diversification is also a common solution in the classic financial sector. The strategy itself can make rich people even richer, but those who start with 100 euros should not have too high expectations. A high annual return of 20% or more is also associated with high risk. A well-developed financial strategy is absolutely necessary to minimize the risk of total loss! This includes how to securely handle cryptocurrencies and how to properly manage risk. We wish everyone the best of luck on the road to wealth!
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