Algorand ALGO/USD is up over 30% over the past 24 hours, benefiting from bullish sentiment around altcoins.

CryptocurrencyPrice             Market Cap24-Hour Trend7-Day TrendAlgorand ALGO/USD$0.3928$3.2 billion+33%+71%Ripple XRP/USD$1.73$98.8 billion+18%+22%Cardano ADA/USD$1.07$38.3 billion+7%+20%

Trader Notes: Crypto trader Brandon Hong noted in a post on X on Friday that Algorand has surpassed its yearly high of around $0.31 and might go as high as $0.45 in the short term.

He sees a break below the yearly high as invalidation for the trade idea, suggesting Algorand can follow a similar path to Ripple and Cardano.

Pseudonymous influencer TradingSpaces is even…

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