Algorand (ALGO) Price Prediction 2024-2030: Is ALGO a Good Investment?
In this blog post, we are excited to share comprehensive Algorand price predictions obtained from our collaboration with https://www.cryptopolitan.com/. We extend our appreciation to the team at Cryptopolian for granting us permission to utilize their valuable information. To ensure transparency, we have included a direct link to the original post on https://www.cryptopolitan.com/ , allowing our readers to explore the full analysis and gain additional insights from the source.
Collaboration within the cryptocurrency community is essential, and we are grateful for the opportunity to incorporate the expertise of our partners.
- Algorand Price Prediction 2024 – up to $0.27
- Algorand Price Prediction 2027 – up to $0.83
- Algorand Price Prediction 2030 – up to $2.68
- Algorand Price Prediction 2033 – up to $7.54
Algorand (ALGO) Overview
| Current price | Algorand |
| Ticker | ALGO |
| Current price | $0.1204 |
| Market cap | $989,705,735 |
| Trading volume | $19,563,548 |
| Circulating supply | 8,227,339,999 |
| All-time high | $3.28 on Jun 21, 2019 |
| All-time low | $0.08761 on Sep 11 2023 |
| 24-hour high | $0.1207 |
| 24-hour low | $0.117 |
Algorand price predictions
Algorand is one of the best choices to consider when investing in cryptocurrency. However, it is insufficient to hold the ALGO cryptocurrency in high esteem. The coin has to perform up to expectations. You must look at Algorand’s price prediction from 2024 to 2030.
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | 0.1201 | 0.1544 | 0.1679 |
| 2026 | 0.3078 | 0.2179 | 0.2587 |
| 2027 | 0.4531 | 0.3165 | 0.3648 |
| 2028 | 0.6578 | 0.4689 | 0.5440 |
| 2029 | 0.9626 | 0.9898 | 1.16 |
| 2030 | 1.43 | 1.47 | 1.67 |
Algorand price prediction 2025-2030
| Year | Potential low ($) | Potential average ($) | Potential high ($) |
| 2025 | 0.1201 | 0.1544 | 0.1679 |
| 2026 | 0.3078 | 0.2179 | 0.2587 |
| 2027 | 0.4531 | 0.3165 | 0.3648 |
| 2028 | 0.6578 | 0.4689 | 0.5440 |
| 2029 | 0.9626 | 0.9898 | 1.16 |
| 2030 | 1.43 | 1.47 | 1.67 |
Algorand price prediction 2025
The ALGO price forecast for 2025 is a high of $0.2587. It will reach a minimum price of $0.2101 and average at $0.2179.
Algorand price prediction 2026
The year 2026 will experience more bullish momentum. Our Algorand price prediction estimates it will range between $0.3078 and $0.3648, with an average price of $0.3165.
Algorand price prediction 2027
Algorand’s price prediction climbs even higher into 2027. According to the prediction, ALGO’s price will range between $0.4531 and $0.5440, with an average price of $0.4689.
Algorand price prediction 2028
Our analysis indicates a further acceleration in ALGO’s price. It will trade between $0.6578 and $0.7876, with an average price of $0.6813.
Algorand price prediction 2029
According to the ALGO price prediction for 2029, the price of ALGO will range from $1.43 to $1.67, with an average price of $1.47.
Algorand price prediction 2030
The ALGO price prediction for 2030 indicates the price will range between $1.43 and $1.67. The average price of ALGO will be $1.47.
What Is Algorand?
Algorand is a very consistent blockchain and, for that reason alone, will grow very strong this year if you think of it as a smart contract provider rather than a coin. What is your opinion about the possibility of ALGO reaching the $1 price target?
ALGO is a governance token used to pay for transactions on the Algorand Foundation. It can also be used as a means of payment on outlets that accept crypto due to its low transaction fees and fast settlement.
Algorand Fundamental Analysis
As of the time of writing (August 18), ALGO’s price has risen by 2.14%, trading at approximately $0.1203 over the past 24 hours. The cryptocurrency has a market capitalization of $989 million and a trading volume of $19.56 million. ALGO’s trading volume has risen by 0.39%.
Open interest, active positions in a derivative market, have declined over the last five months alongside the price. When both drop, they signal that traders with long positions exit the market. This often occurs in bearish markets, indicating a lack of new money entering the market and a potential bearish continuation.
ALGO’s poor performance is also reflected in its bearish Total Value Locked (TVL), which now stands at $64.62 million. According to market data by Defillama, it crossed below the $100 million mark in March.
The daily ALGO chart highlights its drop from the first quarter of 2024 after it reached a high of $0.3299. At first, the drop was drastic, then slowed from May. The William Alligator trendlines are closing up as ALGO volatility drops. The relative strength index is 44.45 in neutral territory, while the MACD indicators show positive momentum.
Algorand Technical Analysis
Daily simple moving average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.1180 | BUY |
| SMA 5 | 0.1181 | BUY |
| SMA 10 | 0.1179 | BUY |
| SMA 21 | 0.1241 | SELL |
| SMA 50 | 0.1358 | SELL |
| SMA 100 | 0.1532 | SELL |
| SMA 200 | 0.1843 | SELL |
Daily exponential moving average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 0.1174 | BUY |
| EMA 5 | 0.1178 | BUY |
| EMA 10 | 0.1190 | BUY |
| EMA 21 | 0.1240 | SELL |
| EMA 50 | 0.1352 | SELL |
| EMA 100 | 0.1508 | SELL |
| EMA 200 | 0.1647 | SELL |
ALGO Historical Price Analysis 2019 – 2024
FAQ
Is ALGO a good investment?
Analysis by Intotheblock shows that 95% of holders are at a loss at the current price. The figure will likely drop lower in the short term. However, as our Cryptopolitan price prediction shows, this will change over the long term.
Why is ALGO up?
ALGO has registered growing positive momentum over the last seven days. This move comes as ALGO seeks the direction of the next breakout. The RSI also trends higher, hinting that ALGO will go up.
Will ALGO recover?
ALGO is recovering over the short term; however, the move is gradual. The general trend remains bearish as it seeks support.
Will ALGO reach $0.15?
ALGO’s immediate resistance level stands at $0.15. With the positive market momentum rising, a breakout is highly probable.
Will ALGO reach $10?
Per our Cryptopolitan price prediction, it remains highly unlikely for ALGO to break above $10 in the period ending 2030.
Will ALGO reach $100?
At $100, Algorand market capitalization has to rise above $700 billion form the current $1.2 billion. In comparison, Ethereum’s market capitalization is at $400 billion. Per our price prediction, Algorancd is highly unlikely to reach $100.
Does ALGO have a good long-term future?
Like most mega-altcoins, Algorand is trading at its lowest level this year. A break below 30 RSI will be crucial to sending it to previous highs. Looking ahead, ALGO will register new all-time highs in coming years.
What can you expect from the ALGO price analysis next?
Per our technical indicators, ALGO’s sentiment is bearish, and the fear and greed index shows investors are greedy. The charts also show the market sentiment is bearish, so ALGO should drop lower.