Bittensor

Algorand

Falcon

Daily

Gains

ALGO has posted another major price upswing, outperforming all top 100 cryptocurrencies today (April 3).
Some market observers expect an additional increase in the short term, while certain indicators suggest the rally might be abruptly ended by a sharp pullback.
<h2 id="how-much-more">How Much More?</h2>
Algorand’s native cryptocurrency made the headlines earlier this week when its price <a href="https://cryptopotato.com/algorand-algo-soars-22-daily-following-googles-warning-further-gains-ahead/" rel="noopener noreferrer nofollow">surged</a> by over 20% in a single day. This happened shortly after Google’s report, in which the company’s quantum computing team <a href="https://cryptopotato.com/google-quantum-computing-could-crack-top-1000-eth-wallets-in-days/" rel="noopener noreferrer nofollow">warned</a> that future quantum computers might be able to crack the cryptography behind Bitcoin and other projects much more easily than previously believed.
The release specifically highlighted Algorand as a standout example of how post-quantum cryptography can already be implemented on a blockchain that would otherwise be vulnerable to such attacks. Google’s researchers also praised the network for integrating Falcon digital signatures for smart transactions and state proofs. It turned out that Algorand was the third-most covered crypto protocol in the report, trailing Bitcoin and Ethereum.
Several hours ago, the project’s CEO, Staci Warden, gave an interview to Bloomberg, <a href="https://x.com/AlgoFoundation/status/2039714351167545687" rel="noopener noreferrer nofollow">reminding</a> the audience that the US Securities and Exchange Commission (SEC) recently classified ALGO (among many other cryptocurrencies) as a digital commodity, not a security.
Her remarks could be among the main catalysts pushing the asset’s price up today. ALGO briefly exceeded $0.12, thus reaching its highest point since January. Currently, it trades just south of that mark, representing an 18% increase on a daily scale. Its market capitalization surpassed the $1 billion psychological threshold, making ALGO the 66th-largest cryptocurrency.
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/04/BTC-Price.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/04/BTC-Price.png" alt="ALGO Price" width="1050" height="756"></a>
 <figcaption>
 ALGO Price, Source: CoinGecko
 </figcaption>
</figure>
Many crypto commentators <a href="https://x.com/CryptoGodJohn/status/2039837238079451459" rel="noopener noreferrer nofollow">anticipate</a> a further upside movement in the near future. X user John told their nearly 900,000 followers that ALGO is among the only two coins with “strong narratives right now,” with the other being Bittensor (TAO).
<blockquote>
 “Good time to pump both of them during this holiday weekend,” they added.
</blockquote>
Shelby also gave their two cents, <a href="https://x.com/CryptoNewton/status/2039727700856770622" rel="noopener noreferrer nofollow">arguing</a> that if support at around $0.10 holds, the price may soon soar above $0.20.
<h2 id="a-closer-look-at-some-indicators">A Closer Look at Some Indicators</h2>
Over the past several days, exchange outflows have significantly outpaced inflows. This can be taken as a bullish sign, suggesting that investors are moving their holdings to self-custody, thereby reducing immediate selling pressure.
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/04/ALGO-Exchange-Netflow.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/04/ALGO-Exchange-Netflow.png" alt="ALGO Exchange Netflow" width="1726" height="491"></a>
 <figcaption>
 ALGO Exchange Netflow, Source: CoinGlass
 </figcaption>
</figure>
On the other hand, ALGO’s Relative Strength Index has risen above 70. This indicates that the price has increased too much in a short period of time, making the asset overbought and due for a potential correction. The index runs from 0 to 100, and conversely, anything below 30 is interpreted as a buying opportunity.
<figure class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2026/04/ALGO-RSI-1.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2026/04/ALGO-RSI-1.png" alt="ALGO RSI" width="1301" height="400"></a>
 <figcaption>
 ALGO RSI, Source: RSI Hunter
 </figcaption>
</figure>
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The post <a href="https://cryptopotato.com/algorand-algo-jumps-18-daily-as-analysts-expect-further-gains-ahead/" rel="noopener noreferrer nofollow">Algorand (ALGO) Jumps 18% Daily as Analysts Expect Further Gains Ahead</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Algorand (ALGO) Jumps 18% Daily as Analysts Expect Further Gains Ahead

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