full image - Repost: Where does the value come from regarding algos? (from Reddit.com, Where does the value come from regarding algos?)
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I'm pretty new to Algorand and crypto in general. Genuinely curious what it is that would drive up the price of solid alts like Algorand.I get how Bitcoin is a store of value and a means of exchanging that value. Is this the main feature of Algos that would drive the price up?I get how Ether allows the features of Bitcoin and also allows smart contracts on the Ethereum network, and that some demand for ether comes from being able to use it for gas to operate smart contracts.Algorand has very low fees which is nice for people who want to utilize smart contracts, but wouldn't that reduce the demand and keep the price low since the only real demand for algos is to accumulate them and/or use for governance to have a stake in the direction Algorand goes?I'm probably way off and/or missing something, I'm just looking for someone to clarify this for me or explain to me where the value comes from.
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