The bear market that we are going through is probably causing some uneasiness, but Algorand is an ecosystem that is ready to expand in the medium term. The associations that the network has carried out in recent months, added to the developments that are being made on the network, create an environment propitious to growth.
Be aware of the moment in which we are
The world in general is going through difficult times, let’s not forget that we are still coming out of the covid-19 pandemic, and as if that were not enough, the war between Russia and Ukraine has tinged everything with a blanket of sadness. This reason leads institutional investors to have certain fears in a market that is affected by these issues.
It’s as simple as looking at any market to realize that it’s not just cryptocurrencies that are down. In this scenario, there are also many real applications for blockchain technology, which are showing that the ecosystem is expanding, despite the decline in prices.
Patience and trust in robust developments is something that must be taken into account, since it is logical that not all projects will survive in the medium term. The good news is that Algorand is establishing itself as a robust network, capable of withstanding these impacts, headed for growth in the medium term.
It’s not a matter of faith
When we look at Algorand, we realize that its growth does not depend on a matter of blind faith, but on the contrary, it is a project with great potential. The developments that are taking place in the network are just the tip of the iceberg of what is really to come in the near future. This is based on its capabilities as a blockchain, and the new projects that are coming.
Let’s remember that Algorand is a blockchain that has never stopped since its creation. However, other networks with similar capabilities have not suffered the same fate. For this reason, Algorand is positioned as a reliable network to carry out transactions, which also has great speed and really low costs. These conditions create a favorable scenario for growth once the general storm that shakes the entire world ends.
Algorand: growing ecosystem
Despite the strong headwinds, Algorand has managed to build an ecosystem that is constantly growing, even when general conditions are adverse. Without going any further, the blockchain has recently formalized a partnership with FIFA to develop its official wallet. This subject will probably bring more news in the near future.
The fall of TERRA is a topic that caused a big noise throughout the blockchain universe. In this regard, Algorand has just completed the process to allow the migration of projects to the ecosystem. This will allow developers to be able to land on Algorand in a simple way and in a few steps.
As we have always said, a favorable future is not built overnight. Blockchains like Algorand are necessary to lay the foundations for a quality blockchain ecosystem. Although we are going through complex times, this blockchain is positioned to have an uncompared expansion in a very short time.
The times we are going through may cause us certain feelings of insecurity and fear, but strong ecosystems are capable of resisting this onslaught. Markets in general are in uncertain times, but quality blockchain networks stand firm on the road. Algorand has all the conditions to grow in the medium term.