Algorand (algo) hit a high of $1.85 and has since pulled back looking to find support and consolidate around $1.50.
There has been increasing interest in algo as it has been tending on site like Stocktwits.
The additional attention has on bored new buyers as I’ve seen couples posts asking where people can buy this coin. There’s also been an increase in news that has helped fuel the rally.
- Stablecoin adoption and pivot to DeFi drive Algorand (ALGO) price higher
- Algorand Price Forecast: ALGO makes a gigantic leap targeting $2.5
I’ve made several post about algo and I’m a believer that it could be major player in the financial sector and there’s some talk that they may work with MasterCard after they just announced merchants will be able to start accepting crypto on their payment network.
After seeing the price action, news and enthusiasm I think I’ll maintain a $2-2.5 price target.
The first step is regaining $1.50!
Happy trading!