Thread by @BecauseYrBored

Open Question: I'm going to show a set of images and I'll ask the question at the end.
#Algorand #Algo #Algofam

#XRP
% gain from 12/31/2020
- Market Cap: 36.41% [white]
- Token price: +32.67% [purple]
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- Difference: Market Cap +3.74%
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#Bitcoin
% gain [loss] since 12/30/2020
- Market Cap: -25.66%
- Token Price: -26.97%
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Difference: MC + 0.5% (negligible)
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#ETH
% Gain (loss) since 1/1/2021
- Market cap: +118.22% [white]
- Token Price: +99.66 [blue]
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Difference: MC +19%
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#FIL
- % Gain (loss) since 1/2/2021
- Market Cap: +39.40% [white]
- Token Price: -80.65% [blue]
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Difference: Market Cap +120% higher than token price

#SHIB
- % gain (loss) since 5/4/2021
- Market Cap: -15.72%
- Token price: -47.98%
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Difference: Market Cap + 32% vs. token price from 5/4/2021

#Algorand
- % Gain (loss) since 1/04/2021
- Market Cap: +302.02%
- Token Price: -30.75%
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*Difference*: Market Cap +333% higher than token price

All market caps have higher Percent Gain than token price when both started at same position. Some very by negligible margin some by 300%+.

My question: Why?

#Algorand #ALGO #ALGOFAM

This question was made in repose to this answer by @TheAlgonomist.
He’s said the price grew 3x compared to #BTC and it’s a good thing.
But we all agree it underperformed every other L1.
Why?

https://twitter.com/TheAlgonomist/status/1599727889301135360

Is the #FIFA deal working out like everyone was promised ??

Lmao.

https://twitter.com/edihart69/status/1593610758885367809

If you zoom in, you see some granularity since 01/04/2021
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The @AlgoFoundation has grown a healthy 300%+
#Algo token holders have suffered a -30.7% loss

@TheAlgonomist celebrates this fact.

You will gain nothing on your token. ANY gains are for #Algo foundation only.

Before the dumps & dilution.
Token holders & the company enjoyed the same % gain together.
Dilution destroyed the union.
#Algorand doesn’t care if you lose everything holding their token.
Their business model and success isn’t measured by the token performance.
Remember that

This so why 98% of retail holders are underwater.
Don’t let anyone try and convince you otherwise.
98.2% (at loss)
1.36% (brEakeven)
Drum roll…
0.43% (<1%) in the green.
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#Algorand baby.