Here's the latest on ALGO's price ceiling analysis – a market-cap-based framework with three scenarios: • ALGO's prior ATH of ~$3.28 implies a $29B market cap at current 8.9B circulating supply • Conservative scenario: $0.22–$0.56 ($2–5B market cap) with modest adoption and no major catalyst • Base case: $0.56–$1.35 ($5–12B market cap) assuming current trajectory and constructive market • Optimistic scenario: $1.69–$3.37 ($15–30B market cap) requires strong adoption in tokenization, payments, or CBDC infrastructure • Key constraint: ALGO's upside depends on demand growth and network effects, not supply scarcity – with no token burn mechanism

