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Algorand hits 1M daily transactions; long-term price target set at $25-$28 on log-scale analysis.

Protocol Fundamentals
29 Sep 2026
Dailycoin
View Source
Bullish
Algorand hits 1M daily transactions; long-term price target set at $25-$28 on log-scale analysis.

Algorand's network throughput surged to a weekly high of 11.91 transactions per second, processing over 1 million transactions in a single day, signaling growing real demand on the blockchain. This activity boost supports the fundamental strength of Algorand's fast, institutional-grade network. Meanwhile, a trader projected a long-term price target of $25 to $28 for ALGO based on logarithmic Fibonacci analysis, suggesting a potential major price cycle if adoption and liquidity increase significantly. The near-term outlook shows rising network usage, while the ambitious price target depends on broader market and adoption shifts.

Algorand's market cap stands at Rp21,3 trillion with a 24-hour trading volume of Rp4,28 trillion on Pluang as of September 29, 2026, 21:56 WIB. Despite the network's throughput surge and strong transaction activity, ALGO's price is Rp2.349, down 0.68% in the last day. The platform shows balanced order activity with 50% sell and 50% buy, and a typical hold time of 129 days, indicating steady investor engagement amid the network's growing usage.

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