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Algorand Price Prediction

An up-to-date Algorand price prediction for 2021, 2023, 2025. 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
Curr. Price
1.828
Curr. Supply/Total Supply
6614788148.405481
ROI Since Launch
-21.00009890823604
Launch Date
No Data

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 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.

#1. WalletInvestor ALGO Price Prediction for 2021, 2023, 2025

According to WalletInvestor, Algorand price will grow from $1.828 to $2.705 in one year. That makes ALGO an awesome investment. The long-term earning potential is 47.98%. Predicted price for the end of 2026 is $6.563.

#2. TradingBeasts ALGO Price Prediction for 2022

Answering the question about if Algorand is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $2.35516 with a reduction to $1.76897 by the end of 2022.

#3. DigitalCoin ALGO Price Forecast for 2021, 2022, 2023, 2025

In DigitalCoin analysis, the price of Algorand cryptocurrency will rise in the next 5 years starting from $1.8944129 as of today’s price to $7.2261258. It will go up to $3.143856 by 2022 and continue its growth in 2023-2024. Based on this forecast, Algorand is a profitable long-term investment.

#4. LongForecast ALGO Price prediction for 2021-2022

In 2021, the average Algorand price will go up to $2.0733333. In 2022, Algorand’s price will rise significantly to an average of $3.0825.
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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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