The pseudonymous host of crypto outlet Coin Bureau is sharing price analysis on altcoins Solana (SOL) and Algorand (ALGO).
In a new video, the analyst known as Guy tells his 1.41 million subscribers that the price of Algorand could hit new highs in the coming weeks.
“ALGO’s historical price isn’t pretty. This is in part due to the fact that ALGO began trading in the middle of the previous bull market, but primarily because of the accelerated vesting and structured selling schemes I explained earlier.
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,