Algorand (ALGO) Founder Drops Crypto Market Prediction

The optimistic crypto predictions continue to pour into the crypto space, regardless of the crypto market volatility. Check out the latest prediction about the crypto market ten years from now, coming from Algorand’s founder.

Ethereum challenger Algorand (ALGO) founder recently explained that crypto assets with one key feature will survive into the next decade. This is happening as blockchains become mainstream tools used by traditional financial institutions.

During a new interview with the Los Angeles Times, Silvio Micali, who is a professor of computer science and cryptography at the Massachusetts Institute of Technology (MIT), said that digital assets with low transaction costs will survive into the future.

“The moment the blockchain starts to be used for transactions, the few blockchains that are really capable of transacting at a very low cost, they’re going to emerge, in my opinion.”

He continued and said the following:

“When traditional finance starts getting on the blockchain, you’re going to see the blockchains that are really used in a massive and transactional way are going to accelerate.”

He also explained the fact that a few stores of value such as Bitcoin are here to stay.

According to the Algorand Foundation, a transaction on the smart contract platform costs 0.001 ALGO.

The mass adoption of digital assets continues and the blockchain adoption is also going great these days. Check out the latest reports about blockchain adoption below.

It’s been just reported that the native token of Algorand (ALGO) is up by double-digit percentage points. This comes after the global soccer body FIFA announced it was partnering with the company responsible for ALGO.

The price of ALGO keeps going up after FIFA President Gianni Infantino and Algorand founder Silvio Micali inked a sponsorship agreement in Los Angeles, California.