One of Ethereum’s Top Rivals Showing Several Concerning Signs, According to Top Crypto Analyst

One of Ethereum’s Top Rivals Showing Several Concerning Signs, According to Top Crypto Analyst


A popular crypto analyst claims that major Ethereum (ETH) rival Algorand (ALGO) is displaying a number of worrying signs.

Citing research from crypto analytics firm Messari in a new YouTube video, the host of InvestAnswers tells his 444,000 subscribers that large holders own 99.7% of Algorand, a much higher rate than other ETH rivals such as Solana (SOL).

“That is kind of scary. If you compare that to something like Solana, large holders own 30%, and that’s about to go down a lot less because of what happened. It’s going to be like 20%. And that is equivalent to the large holders for Ethereum right now.”

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The host also notes that Algorand’s daily active users number nearly 79,000, which he says is “not bad.” But

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