Popular crypto trader and market analyst nicknamed ‘Guy’, host of Coin Bureau, shared a YouTube video about Q4 price targets for the altcoin projects Solana (SOL) and Algorand (ALGO) tokens under his radar. we too cryptocoin.com We have compiled the shares of the crypto analyst for you.
The analyst believes that ALGO, the token of altcoin project Algorand, will reach ATH in the coming weeks
Speaking in a recent YouTube video, Coin Bureau host, crypto trader and analyst nicknamed “Guy” told the channel’s over 1.43 million subscribers that the price of Algorand (ALGO) could hit an all-time high in the next few weeks. In his speech, the crypto analyst makes the following assessment:
The sustained increase in Algorand (ALGO) supply has historically suppressed its price, but this seems to be slowly changing. ALGO recently passed the $2.40 ICO price and although it was quickly pushed down as investors took profits, I believe ALGO could reach all-time highs (ATH) in the coming weeks.
The host of Coin Bureau also states that Algorand could eventually become the top ten cryptocurrencies by market cap, and there is a gap between “where ALGO is and should be” based on the strong fundamentals of the asset.
Realistic long-term price target for Solana (SOL), $300
The Kirpto trader envisions a similar trajectory for Solana (SOL) in the last quarter of 2021 and says that Solana (SOL) has held up well in response to the short-term price action in the crypto markets:
Solana (SOL) has much less room to wiggle in terms of price gains than Algorand, as its market cap is already huge. If SOL reaches $220 in the coming weeks, that would amount to a 1000x bigger return for SOL’s ICO investors.
The crypto analyst predicts that the realistic long-term price target for Solana (SOL) will be around $300. At the time of writing, according to CoinMarketCap data, Algorand (ALGO) was trading at $1.72, down 2.42% in the last 24 hours, while Solana (SOL) was trading at $142.87, down 3.23%.
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