Key takeaways: Our Algorand price prediction indicates a high of $0.6015 in the last month of 2024. In 2025, it will range between $0.5961 and $0.7106, with an average price of $0.6128. In 2030, it will range between $4.01 and $4.77, with an average price of $4.12. Algorand’s capabilities make it an interesting prospect for investors and developers interested in smart contracts and blockchain interoperability. A 2019 video featured Gary Gensler, Securities and Exchange Commission chair, referring to Algorand as a great technology and using it as an example when discussing the decentralization of cryptocurrencies. Will ALGO go up? Can it reach $10? Where will ALGO be in 5 years? We explore these and more in our Cryptopolitan price prediction. Overview Cryptocurrency Algorand Ticker ALGO Current price $0.3423 Market cap $2.85B Trading volume $345.34M Circulating supply 8.33B All-time high $3.28 on Jun 21, 2019 All-time low $0.08761 on Sep 11, 2023 24-hour high $0.3550 24-hour low $0.3178 Algorand price prediction: Technical analysis Metric Value Volatility (30-day variation) 20.33% 50-day SMA $0.2975 200-day SMA $0.1752 Sentiment Bearish Fear and Greed Index 73 (Greed) Green days 17/30 (57%) Algorand price analysis As of December 22, ALGO’s price had risen by 48.75% in 30 days, making it one of the best-performing mega-altcoins in the last quarter of 2024. Algorand’s bullish signals Algorand’s total value locked (TVL), the amount of funds locked up by an ecosystem’s decentralized applications has been volatile and bullish in December as users deposit their assets into the protocol. On the contrary, the protocol’s stablecoin market cap tanked to the $38M level in November from $135M, then proceeded with a gradual recovery. The value is now at $54M. The statistics pointed to growing user interest in the protocol’s stablecoins, which provide stability in the highly volatile market. ALGO/USD 1-day chart. Image source: TradingView ALGO’s price movement this month saw the coin reach a high of $0.6139 a level last breached in May 2022. The William Alligator is sleeping as volatility drops. The relative strength index is 43.69 in neutral territory, while the MACD histogram shows negative market momentum as it continues to correct from the year’s high. Algorand 4-hour chart ALGO/USD 4-hour. Image source: TradingView The 4-hour chart shows ALGO’s decline has ended and it now moves into consolidation. The RSI is in neutral territory and its volatility is dropping. Algorand technical indicators: Levels and action Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.3879 SELL SMA 5 0.3886 SELL SMA 10 0.4058 SELL SMA 21 0.4406 SELL SMA 50 0.2975 BUY SMA 100 0.2118 BUY SMA 200 0.1752 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.3820 SELL EMA 5 0.3949 SELL EMA 10 0.4112 SELL EMA 21 0.4020 SELL EMA 50 0.3271 BUY EMA 100 0.2560 BUY EMA 200 0.2101 BUY What to expect from ALGO price analysis next? Per our technical indicators, ALGO’s price trend is bearish, and the fear and greed index shows greed among investors. Data analysis, however, shows rising activity in decentralized finance applications and stablecoin demand. Why is ALGO up? ALGO is trading at previous highs set in 2022, the recovery could be attributed to the crypto market’s general bullish sentiment which saw its market cap rise above $3.2 trillion. Will ALGO reach $0.15? ALGO’s monthly resistance level stands at $0.15. With the negative market momentum rising, a correction 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 from 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 the coming years. Is ALGO a good investment? Analysis by Intotheblock shows that 97% 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. Recent news The United Nations Development Programme (UNDP) now offers blockchain education training to 24,000 personnel worldwide to UNDP, UN Volunteers, and the United Nations Capital Development Fund (UNCDF). The training for the academy is in partnership with the Algorand Foundation , an organization focused on enabling an inclusive, decentralized, and borderless global economy. ALGO price predictions December 2024 The Algorand price forecast for December is a maximum price of $0.6015 and a minimum price of $0.4521. The average price for the month will be $0.5153. Month Potential low ($) Potential average ($) Potential high ($) December 0.4521 0.5153 0.6015 Algorand price prediction 2024 For the last month of 2024, ALGO’s price will range between $0.4521 and $0.6015. The average price for the period will be $0.5153. Year Potential low ($) Potential average ($) Potential high ($) 2024 0.4521 0.5153 0.6015 Algorand price prediction 2025 – 2030 Year Potential low ($) Potential average ($) Potential high ($) 2025 0.5961 0.6128 0.7106 2026 0.8236 0.8481 1.02 2027 1.22 1.26 1.42 2028 1.88 1.93 2.13 2029 2.84 2.92 3.25 2030 4.01 4.12 4.77 Algorand price prediction 2025 The ALGO price forecast for 2025 is a high of $0.7106. It will reach a minimum price of $0.5961 and average at $0.6128. Algorand price prediction 2026 The year 2026 will experience more bullish momentum. Our Algorand price prediction estimates it will range between $0.8236 and $1.02 with an average price of $0.8481. Algorand price prediction 2027 Algorand prediction climbs even higher into 2027. According to the prediction, ALGO’s price will range between $1.22 and $1.42, with an average price of $1.26. Algorand price prediction 2028 Our analysis indicates a further acceleration in ALGO’s price. It will trade between $1.88 and $2.13, with an average trading price of $1.93. Algorand price prediction 2029 According to the ALGO price prediction for 2029, the price of ALGO will range from $2.84 to $3.25, with an average price of $2.92. ALGO price prediction 2030 The ALGO price prediction for 2030 indicates the price will range between $4.01 and $4.77. The average price of ALGO will be $4.12. Algorand price prediction 2024 – 2030 Algorand market price prediction: Analyst’s ALGO price forecast Platform 2024 2025 2026 Digitalcoinprice $1.08 $1.21 $1.89 Changelly $0.60 $0.65 $0.34 Gate.io $0.52 $0.63 $0.78 Cryptopolitan’s Algorand price prediction Our predictions show that ALGO will achieve a high of $0.6015 in the last month of 2024. In 2025, it will range between $0.5961 and $0.7106, with an average of $0.6128. In 2030, it will range between $4.01 and $4.77, with an average price of $4.12. Note the predictions are not investment advice. Seek independent professional consultation or do your research. Algorand historic price sentiment Algorand price history: Coinstats Algorand held its token sale in June 2019 at $2.4 each. Union Square Ventures, Lemniscap, and NGC Ventures, among others, held earlier funding rounds. The public sale raised $60.40 million while funding rounds raised $66 million. Token sale participants who held their tokens since launch are down 90%. Binance listed ALGO on 21 June 2019. According to Coinmarketcap data, it pumped after the listing to reach its all-time high (ATH) at $3.28. ALGO later crashed; four months later, it was down 90% from ATH. In July 2021, Coinbase listed ALGO. As a result, it gradually recovered and peaked at $0.637 in August. In retrospect, 2021 was the golden year for the crypto market. The emergence of NFTs, DeFi growth, and institutional interest drove growth. So, in 2021, it rose from a low of $0.32 in January to $2.3 in October, a 200% gain. Nothing prepared crypto enthusiasts for the 2023 crypto winter, which worsened with the FTX crash. The year closed with ALGO trading at $0.23. The decline continued through 2023, registering an all-time low at $0.0876 in September. The market’s recovery began in October. By the end of the year, it had risen above $0.2. It now trades at $0.13. It began recovering in November from a low of $0.12, rising as high as $0.59 in December.
