Algorand (ALGO) Poised for Bullish Launch, Analyst Predicts $300 Price
Despite Algorand (ALGO) struggling in the bear market and experiencing a significant decline in price since its all-time high in 2019, one crypto analyst remains optimistic about its future. In a post made on TradingView, the pseudonymous analyst, Divergencemaker83, predicts that ALGO’s price could reach as high as $300.
This forecast is particularly noteworthy as it would represent a 10x increase from its previous all-time high and a staggering 300,000% rise from its current price of $0.11. Such a surge would place ALGO in the league of other explosive cryptocurrencies like Dogecoin and Shiba Inu.
Accumulation and Strong Support
Divergencemaker83’s initial forecast was made in July and despite ALGO’s sluggish movement since then, the analyst has stood by their prediction. In a follow-up post on TradingView, the analyst highlights ongoing accumulation by retail traders who continue to buy the coin.
Although ALGO’s trading volume remains low, Divergencemaker83 assures investors that this is not a cause for concern. Instead, the analyst encourages investors to continue building on the established support, as higher trading volume is expected to return.
A Personal Update: Beating Cancer
In an emotional update, Divergencemaker83 shared that they had initially revealed their cancer diagnosis when posting the ALGO prediction. The analyst expressed uncertainty about witnessing the predicted price action due to their illness. However, in a later update, Divergencemaker83 announced that they had beaten cancer for the second time thanks to modern medicine.
Congratulations poured in from the crypto community, celebrating the analyst’s triumph over the disease. From all of us at Bitcoinist, we join in congratulating Divergencemaker83 on their victory.
Hot Take: Algorand’s Bullish Future and Personal Triumph
Despite Algorand’s struggles during the bear market, one crypto analyst remains confident in its future prospects. Divergencemaker83 predicts that ALGO could reach a remarkable price of $300, representing a significant increase from its previous all-time high. Additionally, the analyst’s personal triumph over cancer adds an inspiring element to their prediction. This story serves as a reminder of the resilience within the crypto community and highlights the potential for both financial gains and personal triumphs in the world of cryptocurrencies.
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