I believe Algorand will return to above £1.00 / $1.00 when alt season full comes in! It has just quite significanlty compared to when it dropped in the bear market.
It’s up 12% today, currently at $0.50 & Altcoin season isn’t even really started yet. I see no reason why it can’t get to $3 next year or maybe even higher. I think your $1 target is low-balling. It will definitely go higher than that I think.