27 October 2021
Recently, a new update published by the famous Crypto trading and market analysis show, Coin Bureau, stated realistic Q4 price targets for the native tokens of Solana ($SOL) and Algorand ($ALGO).
While speaking in a recent YouTube video update, Coin Bureau’s host “Guy” told the channel’s over 1.43 million subscribers that the price of $ALGO could reach a new all-time high in the next several weeks.
Besides, a report by The Daily Hodl, stated “The constant increase in ALGO supply has historically suppressed its price, though this does seem to be slowly changing. ALGO recently pushed past its ICO price of $2.40, and though it was quickly pushed down as investors took profits, I believe that ALGO could reach new all-time highs in the coming weeks.”
Adding further, Coin Bureau’s host mentioned that Algorand could eventually become a top ten Crypto asset by its market capitalization. Noting a gap between “where ALGO is and where it should be ” based upon the asset’s strong fundamentals.
By predicting a similar trajectory for Solana in the final quarter of 2021, the guy added, “SOL’s market cap is already very large, it has much less wiggle room than Algorand in terms of price gains. If SOL reaches $220 in the coming weeks, this will correspond to a whopping 1000x return for SOL’s ICO investors.”
Apart from this, the guy even predicted the “realistic long-term price target” for Solana to be around $300. According to the data by CryptoCompare, $ALGO and $SOL are presently trading at $1.645 and $142.74, respectively.