Algorand Price Prediction

An up-to-date Algorand price prediction for 2022, 2023, 2024, 2025, 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
0.4391
Current Supply
7219692238.585598
ROI Since Launch
-81.72553890253077

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 2022

As of the end of 2022, Algorand price predictions remain predominantly positive, with some analytics promising the price at about $0.53, while WalletInvestor even cites the possibility of the price reaching $0.83 by the end of the year.
Potential ROI: 49% Buy

Algorand Price Prediction for 2023

According to WalletInvestor, in 2023 Algorand investors should expect price growth to $0.8039, which seems a good reason to consider Algorand as an investment option. TradingBeast, in turn, predicts the price increasing to $0.558364, and PricePrediction.net agrees with a predicted growth to $0.77.
Potential ROI: 62% Buy

Algorand Price Prediction for 2024

Algorand price predictions for 2024 are still predominantly positive, with some analysts promising prices in the $0.794797–$1.14 range (TradingBeast, PricePrediction.net), while WalletInvestor takes a different view and cites the possibility of the price reaching $0.0482 in December 2024.
Potential ROI: 51% Buy

Algorand Price Prediction for 2025

TradingBeast has only optimism in store for the 2025 Algorand price prediction, valuing Algorand at $0.951427 by the end of 2025. PricePrediction.net agrees with a positive forecast and predicts, in turn, $1.67 for the same period. On the other hand, WalletInvestor’s team is more pessimistic — their Algorand price prediction for December of this year is just $0.211.
Potential ROI: 115% Buy

Algorand Price Prediction for 2030

Speaking of long-term Algorand price predictions for 2030, experts present two polar opinions. WalletInvestor expresses the view that Algorand price won’t grow further and, opposedly, will decline to $0.33338. TradingBeast’s price prediction for Algorand echoes with the projection of a downtrend to $0.028543. Despite this, PricePrediction.net’s vision remains positive, promising growth up to $10.58.
Potential ROI: 731% 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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