Algorand in a perfect uptrend pitchfork to reach USD 1.50 by
Algorand is gaining momentum in the financial industry. Traditional banks, exchanges, insurance companies, investment funds chose Algorand to build their crypto infrastructure rather than Ethereum. Traditional finance prefers technology developed by MIT professors rather than Russian hackers. And Algorand can do today what Ethereum wants to achieve with v2 some years into the future. By then it will be too late for traditional finance to build their system.
On a trend analysis Algorand is in a perfect uptrend channel and will increase in value vs the USD alongside the up-move of Bitcoin potentially reaching USD 1.50 later this year.
However in fall we might see some profit taking when the 2 year Superstaking event comes to an end releasing Algo 107 mln still in the program plus potentially more held by early investors UNLESS they introduce a new Superstaking event before the current one expires to potentially extend it for another 2 years and let new participants in as well.
On a trend analysis Algorand is in a perfect uptrend channel and will increase in value vs the USD alongside the up-move of Bitcoin potentially reaching USD 1.50 later this year.
However in fall we might see some profit taking when the 2 year Superstaking event comes to an end releasing Algo 107 mln still in the program plus potentially more held by early investors UNLESS they introduce a new Superstaking event before the current one expires to potentially extend it for another 2 years and let new participants in as well.
