Algorand dominates 70% of RWA market as stablecoins surge 137% – can ALGO hit $0.20?

Algorand commands a 70% share of the RWA market, valued at 268.2 million USD, assisted by stablecoins surging 137%. The increase is driven largely by USDC’s growth of 150%.

With 2 billion ALGO tokens staked, supply constraints are created, leading to potential upward pressure on prices. Technical indicators predict a possible rise for ALGO towards 0.20 USD.