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Algorand: Buy the Dip?

TheMotleyFool

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Algorand: Buy the Dip?: https://g.foolcdn.com/editorial/images/719437/cryptocurrency-confusion.jpg

Marketed as "the world's greenest blockchain" and often called an "Ethereum (CRYPTO: ETH) killer," the Algorand (CRYPTO: ALGO) blockchain network offers a fast, low-cost platform for smart contracts. You may have seen the Algorand name around your favorite sporting events in recent years, as the foundation behind it sponsors everything from chess championships and electric car racing to the FIFA World Cup.

However, Algorand's buzz isn't always bullish. The cryptocurrency has taken a deeper price cut than peers like Ethereum, Cardano (CRYPTO: ADA), and Tezos (CRYPTO: XTZ) in the current crypto winter.