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Algorand Price Prediction: Up 10% to $0.35, Can ALGO Get Back Above $1.00?

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ALGO, the native token for the Algorand blockchain, has marked significant gains over the past few days, despite the bearish crypto market trend.

Are these gains merely a consolidation before a further downward push, or could ALGO be ready for a massive bull run? Over the past week, cryptos have experienced significant bearish momentum.

As pressure from the macroeconomic climate continues to increase, the prices of the majority of coins have decreased.However, ALGO is performing well.

The asset experienced a 19.99% increase in the past week, making it the second best crypto to buy among the 100 most valuable assets in the market - behind only CHZ, which is up by 33% in the same period.

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