Algorand Fires Shots At Giants Like Ethereum, Solana, and Bitcoin

Algorand (ALGO) took to the social media platform YouTube to release its new and eye-catching advertisement trolling rival networks. The advertisement talked about the transaction time and fees of big cheeses of the crypto market including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL).

Algorand’s Attention-Grabbing Ad Campaign 

On May 23, under the title ‘When blockchains meet the real world, only one delivers.’, Algorand released an ad campaign on YouTube. The advertisement showcased a supermarket checkout where customers are trying to pay the bills through digital assets like BTC, ETH, and SOL.

BSCN posted the advertisement over X, stating ‘Algorand slams Solana, Ether and Bitcoin in latest advert’.

A person trying to pay through BTC was told to wait for over 27 minutes to complete the transaction whereas a customer having ETH was told to pay transaction fees of $112, as per the ad. 

The user holding SOL, alternatively, experienced several payment failures. Customers paying through ALGO got their payments done in seconds with low fees. The campaign got mixed reactions from the crypto community.

Most of the viewers linked the advertisement to reality and agreed on the ongoing challenges with BTC, ETH, and SOL. However, a few of the viewers started comparing ALGO’s price with the giants to troll ALGO in return. 

How Well the Crypto Giants are Performing

The eye-catchy advertisement somehow seeks the attention of the crypto community, and spiked ALGO’s price from $0.1784 on May 23 to $0.1848, at the time of writing. 

ALGO Price I Source: CoinMarketCap

BTC, ETH, and SOL, alternatively, trading at $67,798.70, $3,711.75, and $165.69, respectively, indicating a bullish trend at the press time. 

Nevertheless, the advertisement was not the only reason behind ALGO’s recent popularity and price surge. The network recently joined hands with Inspect, a layer-2 platform built for X.

Algorand’s Partnership with Inspect

On May 22, Inspect posted its collaboration with Algorand and integration of a distinct infrastructure layer for layer 1 blockchain protocol. The integration was supposed to offer advanced analytics and insights to over 25 Million monthly active on-chain users.       

In response, Algorand tweeted that the collaboration would make it effortless for the Web3 community to discover Algorand NFTs.

“While browsing on X, crypto enthusiasts can easily discover, research, and learn about Algorand NFTs with real-time analytics”, the Algorand Foundation added.

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.