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Hong Kong-listed Yaojie Ankang-B (02617.HK) continued to rise in early trading, rising by more than 25% during the day.The Hang Seng Tech Index widened its losses to 1% in early trading.On October 22nd, three members of Goldman Sachs economic research department stated in a report that Goldman Sachs base case remains a Bank of Japan rate hike in January 2026, though there is a risk of a December hike. The formation of a new government led by Abenomics supporter Sanae Takaichi has increased uncertainty surrounding this view. However, Goldman Sachs remains cautiously optimistic about the Bank of Japans ability to continue raising rates and its independence for four reasons. These include the significant improvement in Japans economic and price conditions compared to 2012, when Abenomics began. There now appears to be "little need for large-scale monetary easing similar to that of Abenomics."On October 22, Sucden Financial analysts said in a report that non-ferrous metals mostly remained within their recent ranges, indicating that consolidation is still ongoing. However, after precious metals prices retreated, they may benefit from increased capital flows. The market appears to be clearing speculative positions in precious metals and establishing fundamental support levels, which may free up funds for other commodities.The Hang Seng Index in Hong Kong opened at 25,897.62 points, down 129.93 points, or 0.5%, on Wednesday, October 22. The Hang Seng Tech Index in Hong Kong opened at 5,958.63 points, down 49.31 points, or 0.82%, on Wednesday, October 22. The CSI 300 Index opened at 9,261.44 points, down 41.22 points, or 0.44%, on Wednesday, October 22. The H-share Index opened at 4,075.41 points, down 12.17 points, or 0.3%, on Wednesday, October 22.

Algorand Price Predictions: What’s Next for the ALGO Crypto?

Cory Russell

Sep 23, 2022 14:25

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On Thursday, as traders reacted to encouraging news about the cryptocurrency, it would be wise to examine the price forecasts for Algorand (ALGO-USD).


The organization that created Algorand is the first to appoint Michele Quintaglie to its executive team. Quintaglie formerly worked as a communications officer at Visa and Fidelity Investments (NYSE:V). As Algorand's chief marketing officer, she will aim to strengthen the brand.


ALGO investors should also be aware of how extensively its blockchain is being used. When compared to the 5,000 transactions per second covered by Mastercard (NYSE:MA), it entails more than 6,000 transactions per second, which is a significant amount. Due to this, cryptocurrency still doing well even throughout the downturn.


The most recent information has investors paying attention to ALGO. As a consequence, there is a lot of trading going on right now. Trading volume has increased by around 161% over the previous 24-hour period.


In light of everything said above, read on for the most recent ALGO price forecasts!

Price predictions for Algorand

Our list for Thursday is led by CryptoNewZ, which predicts an average token price of 50 cents by 2023.

Following WalletInvestor on our ranking is their $0.01036 one-year price prediction for ALGO.


Coin Price Forecast rounds off today's price forecasts with an average projection of 46 cents for 2023.


In contrast to its current price of $0.3649, the consensus among the Algorand price forecasts today is positive. Investors should also be aware that, as of Thursday morning, the cryptocurrency is up 14% over the previous 24 hours.

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