Did Algorand’s founders critique Solana? ALGO’s street cred has answer
The founder and CTO of Algorand both have indirectly made strong remarks about Solana in order to compete for Helium Network’s anticipated migration.
Now, you might ask if this recent development coupled with Algorand’s massive social media interest helped Algorand’s price.
Well, earlier this month, the Helium Network announced in a blog post, that they have proposed to move their network to Solana. This, in a move to improve the efficiency of their network.
Alas, the news didn’t go down well with the folks at Algorand.
In a recent development, the CTO of Algorand, JohnWoods, took to Twitter to criticize the Helium Network’s move to Solana.
Algorand’s CEO joined in the conversation, stating that Algorand is ready to support the Helium network. Thus, calling their blockchain network secure, scalable, and decentralized.
This development has generated a stir in the crypto community. And, interestingly, it has contributed to Algorand’s already increasing social media presence.
In the past 24 hours of press time, Algorand’s social media activity saw a huge spike. According to LunarCrush, there was a 299.7% increase in ALGO’s social dominance and a 105.8% increase in its social engagements.
But that’s not all, ALGO’s social media mentions as well have grown up by 49% in the last month.
The tweets about the Helium Network could be one of the reasons for the spike in daily social media activity. But Algorand has been in the news for quite some time. Not to forget, recently, they had a$35 million exposure to the crypto lender Hodlnaut.
Despite the negativity surrounding the token, Algorand has been dominating social media. Its street cred might as well help the price of the token grow in the near future.
Another encouraging
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