![Algorand's [ALGO] long bets can work only if these conditions are met](https://insights.cryptobasemarket.com/wp-content/uploads/2023/01/dan-gold-n7ridzff2iw-unsplash-e1674365693375-252688.jpg)
Algorand’s [ALGO] recent rally is yet to reclaim the pre-FTX levels of $0.4500 but could attempt such a fete soon. The asset dropped to a low of $0.1616, shedding off over 60% of its value.
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