CEO of Algorand Trolls Desperate ALGO Investors

Staci, the CEO of Algorand Foundation teased holders by tweeting “NIKE.”
People went ahead to speculate on an imminent collaboration.
The value of Algorand has also dropped 1.77 percent during the last 24 hours.

According to a story that was published recently, the CEO of the Algorand foundation chose to taunt ALGO holders by tweeting the very cryptic phrase “NIKE.”

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This led to people speculating about some kind of cooperation. Surprisingly, desperate Algorand investors who haven’t had the greatest experience over the last couple of months started, for a brief period, to allow themselves to dream of profit.

These hopes were shattered almost immediately when Staci chose to react to concerns over the meaning of her tweet, which simply said “NIKE.”

Conversely, the cryptocurrency community went ahead to criticize the Algo CEO for her tweets. For instance, Axetrax22 on Twitter said;

You really should think about these things before you tweet…the Algorand community is starving for fresh serious partnerships while polygon seems to land a new one every other day. It should be feasible that Algorand could partner w/Nike so teases like this gets people excited

According to a Reddit user, Algorand holders are used to being dumped on by the foundation. Crypto proponents however believe that it will probably remain a mystery as to why the CEO of the Algorand Foundation decided to troll all the ALGO bag holders in such a manner on Tuesday night.

In other reports, the current price of Algorand is $0.229664 while the 24-hour trading volume is $69,007,377. The value of Algorand has also dropped 1.77 percent during the last 24 hours. The Market capitalization as of this writing for the cryptocurrency project is $1,653,508,476 with its CoinMarketCap ranking at 35.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.