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Algorand Price Prediction

An up-to-date Algorand price prediction for 2023, 2024, 2025, 2026, 2030. Wondering what is the future of ALGO price? Find out Algorand price forecast with historical, fundamental and technical analysis.
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Algorand Fundamental Analysis

Project name
Algorand
Stock Symbol
ALGO
Current Price
0.2542
Current Supply
7272675929.728679

Algorand is a decentralized and open blockchain system, which boasts almost instant transactions and a capacity to accommodate billions of users on its platform. Algorand’s founder is Silvio Micali, a Gödel Prize holding MIT professor and Turing award winner, who aimed to create a platform that would be truly decentralized, scalable, and secure. Algorand attempts to overcome both the challenges of lack of transparency, access, and accountability inherent to centralized economies and the technical hurdles that inhibit other blockchains from realizing these goals. ALGO is the cryptocurrency of the Algorand blockchain. All of the available ALGO tokens, amounting to 10 billion, were created at the launch of the blockchain. As of June 2020, Algo supply was allocated as follows: 2.5 billion in sales to the community, 1.9 billion in incentives and ecosystem support, 3.1 billion to early relay node runners (program closed), 2.0 billion to Algorand Inc, and 0.5 billion to the Algorand Foundation. The sales plan for 2020 is up to 150 million tokens. One of the things that make the Algorand platform standout is its use of the PoS (Proof of Stake) consensus protocol as the basis for new block generation within the blockchain. Each active user is potentially able to participate in the formation of a new block, with the probability of this depending on the share of the tokens owned by the user. The Algorand consensus protocol randomly selects users to propose and vote in order to generate new tokens. The reward period is 500000 blocks. ALGO can be purchased with Ethereum on such cryptocurrency exchanges as Binance, Kucoin, and Huobi.

Algorand Live Price Chart

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Algorand Technical Analysis

Despite the fact that 100% accurate technical analysis for Algorand cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ALGO buy-and-sell rating for selected timeframe. The summary for ALGO/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.

Algorand Price Prediction

Below we have collected the most reliable price projections for Algorand (ALGO) from popular forecast platforms.

Algorand Price Prediction for 2023

As for Algorand price predictions for 2023, there are divergent opinions. PricePrediction.net expects a downturn towards $0.08897, and WalletInvestor echoes with ~$0.073718 by the year’s end. Other experts, for example, from TradingBeast, are more enthusiastic about Algorand’s future price, citing upwards of $0.305731 in December.
Potential ROI: -39% Sell

Algorand Price Prediction for 2024

In their Algorand price predictions for 2024, WalletInvestor’s forecasts the coin’s price to go above $0.399094 by December. Forecasting Algorand's future, TradingBeast expects further growth, too, saying the Algorand price will reach ~$0.425314 by that time. On the contrary, PricePrediction.net keeps predicting Algorand price decline, quoting prices around ~$0.251658 in 2024.
Potential ROI: 41% Buy

Algorand Price Prediction for 2025

Algorand price predictions for 2025 are still predominantly positive, with some analysts promising prices in the $0.429598–$0.460457 range (WalletInvestor, TradingBeast), while PricePrediction.net takes a different view and cites the possibility of the price reaching $0.053382 in December 2025.
Potential ROI: 24% Buy

Algorand Price Prediction for 2026

WalletInvestor has only pessimism in store for the 2026 Algorand price prediction, valuing Algorand at $0.246574 by the end of 2026. PricePrediction.net agrees with a negative forecast and predicts, in turn, $0.086428 for the same period. On the other hand, TradingBeast’s team is more optimistic — their Algorand price prediction for December of this year is just $0.546514.
Potential ROI: 15% Buy

Algorand Price Prediction for 2030

Speaking of long-term Algorand price predictions for 2030, experts present two polar opinions. TradingBeast expresses the view that Algorand price will grow further and eventually reach $0.470002 by the end of the decade. PricePrediction.net’s price prediction for Algorand echoes with the projection of an uptrend to $0.498232. Despite this, WalletInvestor’s vision remains not so positive, promising a downfall to $0.10168.
Potential ROI: 40% Buy
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Summary

As it can be clear from the analysis cited above, Algorand (ALGO) projections are rather contradictory. There is no universal consensus either about positive or negative future ALGO price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Algorand projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.

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