Ethereum

World

FOMO

Algorand

<p><strong>Key Takeaways</strong></p> 
<ul> 
 <li>Our Algorand price predictions anticipate a high of $0.27 by the end of 2024.</li> 
 <li>In 2025, it will range between $0.34 and $0.40, with an average price of $0.45.</li> 
 <li>In 2030, it will range between $2.08 and $2.61, with an average price of $2.14.</li> 
</ul> 
<p>Algorand’s capabilities make it an interesting prospect for investors and developers interested in smart contracts and <a href="https://www.cryptopolitan.com/news/blockchain/">blockchain</a> interoperability. A 2019<a href="https://www.youtube.com/watch?v=2D3SbYzzJLc" rel="nofollow noopener" target="_blank"> video</a> 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.</p> 
<p class="has-text-align-center"><em>Also Read: </em><a href="https://www.cryptopolitan.com/ripple-and-xrpl-labs-join-derec-alliance/"><em>Ripple and XRPL Labs Join Hedera and Algorand Ecosystems As Founding Members of the DeRec Alliance</em></a></p> 
<p>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.</p> 
<h2 class="wp-block-heading" id="overview">Overview</h2> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Cryptocurrency</strong></td>
    <td>Algorand</td>
   </tr>
   <tr>
    <td><strong>Ticker</strong></td>
    <td>ALGO</td>
   </tr>
   <tr>
    <td><strong>Current Price</strong></td>
    <td>$0.1542</td>
   </tr>
   <tr>
    <td><strong>Market Cap</strong></td>
    <td>$1,261,825,029</td>
   </tr>
   <tr>
    <td><strong>Trading Volume</strong></td>
    <td>$49,124,652</td>
   </tr>
   <tr>
    <td><strong>Circulating Supply</strong></td>
    <td>8,181,493,374</td>
   </tr>
   <tr>
    <td><strong>All-time High</strong></td>
    <td>$3.28 on Jun 21, 2019</td>
   </tr>
   <tr>
    <td><strong>All-time Low</strong></td>
    <td>$0.08761 on Sep 11, 2023</td>
   </tr>
   <tr>
    <td><strong>24-hour High</strong></td>
    <td>$0.1581</td>
   </tr>
   <tr>
    <td><strong>24-hour Low</strong></td>
    <td>$0.1482</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="algo-price-prediction-technical-analysis">ALGO price prediction: Technical analysis</h2> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Metric</strong></td>
    <td><strong>Value</strong></td>
   </tr>
   <tr>
    <td>Volatility (30-day Variation)</td>
    <td>5.88%</td>
   </tr>
   <tr>
    <td>50-day SMA</td>
    <td>$0.182759</td>
   </tr>
   <tr>
    <td>200-day SMA&nbsp;</td>
    <td>$0.197549</td>
   </tr>
   <tr>
    <td>Sentiment</td>
    <td>Bearish</td>
   </tr>
   <tr>
    <td>Fear &amp; Greed Index</td>
    <td>74 (Greed)</td>
   </tr>
   <tr>
    <td>Green Days</td>
    <td>11/30 (37%)</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="algo-price-analysis-algo-registers-record-low">ALGO price analysis: ALGO registers record-low</h2> 
<p>Key Takeaways</p> 
<ul> 
 <li>ALGO has hit the year’s low at $0.147.</li> 
 <li>The general trend is bearish.</li> 
</ul> 
<h3 class="wp-block-heading" id="algo-usd-1-day-chart-algo-s-50-drop">ALGO/USD 1-day Chart: ALGO’s 50% drop</h3> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfiPo2-gN8m4bMo_2sEk2w7xGZifCK1b0VoyQdlVyQ4MeWJM72J-VZ4dCYqhMIcUGdc6Kvs06SfBpmfEZw7dNwaUHTep0UMc0W-abv1nhmdVQ7QEcBSrtOcZhJ1uv9rEX484emMucxyRrC4LE5yokrHQpfQ?key=dCTJV6_GS9zIOi72aBpjVQ" alt="">
</figure> 
<p>ALGO has hit the year’s low at $0.147 as the crypto market bleeds. At this level, it has lost over half its value from the year’s high of $0.33. It continues to register negative momentum, a sentiment it has maintained since the beginning of the month. The RSI line has crossed the signal line and is at 34.42, edging closer to oversold territory.</p> 
<h3 class="wp-block-heading" id="algo-usd-4-hour-chart-algo-forms-the-three-white-soldier-candle-pattern">ALGO/USD 4-hour Chart: ALGO forms the three white soldier candle pattern</h3> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXdwyo_jNQ75guy06x2eLn6dEOKS903gt5GOaxGem_ha_SN9wYkoNKwDYjH1Qx2Lru2SMTWq_YlS3SLZKsXSe70fE2ep4-46UTJkpLYEWoSskAEHVxd9URGf07YfSAaRXXXy4rcNFO62xOJ-6N6ZEr8DMMt3?key=dCTJV6_GS9zIOi72aBpjVQ" alt="">
</figure> 
<p>ALGO crossed into oversold territory on the 15th, resulting in a reversal playing out. The three-white soldier candle pattern in the chart occurs in a strong downtrend and signals a change in direction, supported by rising positive momentum. However, the general trend is bearish, with a single negative breakout.</p> 
<h2 class="wp-block-heading" id="algo-technical-indicators-levels-and-action">ALGO technical indicators: Levels and action</h2> 
<h3 class="wp-block-heading" id="daily-simple-moving-average-sma">Daily simple moving average (SMA)</h3> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Period&nbsp;</strong></td>
    <td><strong>Value ($)</strong></td>
    <td><strong>Action</strong></td>
   </tr>
   <tr>
    <td>SMA 3</td>
    <td>0.1684</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>SMA 5</td>
    <td>0.1675</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>SMA 10</td>
    <td>0.1708</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>SMA 21</td>
    <td>0.1792</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>SMA 50</td>
    <td>0.1828</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>SMA 100</td>
    <td>0.2108</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>SMA 200</td>
    <td>0.1975</td>
    <td>SELL</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h3 class="wp-block-heading" id="daily-exponential-moving-average-ema">Daily exponential moving average (EMA)</h3> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Period&nbsp;</strong></td>
    <td><strong>Value ($)</strong></td>
    <td><strong>Action</strong></td>
   </tr>
   <tr>
    <td>EMA 3</td>
    <td>0.1781</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>EMA 5</td>
    <td>0.1819</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>EMA 10</td>
    <td>0.1850</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>EMA 21</td>
    <td>0.1862</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>EMA 50</td>
    <td>0.1926</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>EMA 100</td>
    <td>0.1983</td>
    <td>SELL</td>
   </tr>
   <tr>
    <td>EMA 200</td>
    <td>0.1923</td>
    <td>SELL</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h3 class="wp-block-heading" id="what-can-you-expect-from-the-algo-price-analysis-next">What can you expect from the ALGO price analysis next?</h3> 
<p>Per our technical indicators, the current sentiment is BEARISH, while the Fear &amp; Greed Index shows 74 (Greed). Algorand recorded 11/30 (37%) green days with 5.88% price volatility over the last 30 days. The charts also show that the market sentiment is neutral, so ALGO should remain range-bound.</p> 
<h3 class="wp-block-heading" id="is-algo-a-good-investment">Is ALGO a good investment?</h3> 
<p><a href="https://app.intotheblock.com/coin/ALGO" rel="nofollow noopener" target="_blank">Analysis</a> by Intotheblock shows that 94% 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.</p> 
<h3 class="wp-block-heading" id="recent-news-opinions">Recent news/ opinions</h3> 
<p>Algorand released an ad campaign aimed directly at <a href="https://www.cryptopolitan.com/news/ethereum-eth/">Ethereum</a> and Solana. In the ad context, customers try to pay with different cryptocurrencies in a supermarket environment.Bitcoin was slow, <a href="https://www.cryptopolitan.com/news/ethereum-eth/">Ethereum</a> had high fees, and Solana transactions failed repeatedly. ALGO processed the transaction quickly and without any hitches.</p> 
<h2 class="wp-block-heading" id="algo-price-prediction-june-2024">ALGO price prediction June 2024</h2> 
<p>The Algorand price forecast in June is a maximum price of $0.20 and a minimum price of $0.17. The average price for the month will be $0.18.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Month</strong></td>
    <td><strong>Potential Low ($)</strong></td>
    <td><strong>Potential Average ($)</strong></td>
    <td><strong>Potential High ($)</strong></td>
   </tr>
   <tr>
    <td>June</td>
    <td>0.17</td>
    <td>0.18</td>
    <td>0.20</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="algo-price-prediction-2024">ALGO price prediction 2024</h2> 
<p>For the second half of 2024, ALGO’s price will range between $0.15 and $0.27. The average price for the period will be $0.24.</p> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year</strong></td>
    <td><strong>Potential Low ($)</strong></td>
    <td><strong>Potential Average ($)</strong></td>
    <td><strong>Potential High ($)</strong></td>
   </tr>
   <tr>
    <td>2024</td>
    <td>0.15</td>
    <td>0.24</td>
    <td>0.27</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="algo-price-prediction-2025-2030">ALGO price prediction 2025 – 2030</h2> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Year</strong></td>
    <td><strong>Potential Low ($)</strong></td>
    <td><strong>Potential Average ($)</strong></td>
    <td><strong>Potential High ($)</strong></td>
   </tr>
   <tr>
    <td>2025</td>
    <td>0.34</td>
    <td>0.35</td>
    <td>0.40</td>
   </tr>
   <tr>
    <td>2026</td>
    <td>0.50</td>
    <td>0.51</td>
    <td>0.59</td>
   </tr>
   <tr>
    <td>2027</td>
    <td>0.68</td>
    <td>0.70</td>
    <td>0.85</td>
   </tr>
   <tr>
    <td>2028</td>
    <td>1.04</td>
    <td>1.06</td>
    <td>1.19</td>
   </tr>
   <tr>
    <td>2029</td>
    <td>1.49</td>
    <td>1.53</td>
    <td>1.78</td>
   </tr>
   <tr>
    <td>2030</td>
    <td>2.08</td>
    <td>2.14</td>
    <td>2.61</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h3 class="wp-block-heading" id="algo-price-prediction-2025">ALGO price prediction 2025</h3> 
<p>The ALGO price forecast for 2025 is a high of $0.40. It will reach a minimum price of $0.34 and average at $0.40.</p> 
<h3 class="wp-block-heading" id="algo-price-prediction-2026">ALGO price prediction 2026</h3> 
<p>The year 2026 will experience more bullish momentum. Our Algorand price prediction estimates it will range between $0.50 and $0.59, with an average trading price of $0.51.</p> 
<h3 class="wp-block-heading" id="algo-price-prediction-2027">ALGO price prediction 2027</h3> 
<p>Algorand’s price prediction climbs even higher into 2027. According to the prediction, ALGO’s price will range between $0.68 and $0.85, with an average price of $0.70.</p> 
<p class="has-text-align-center"><em>Also Read: </em><a href="https://www.cryptopolitan.com/algorand-ceos-x-breach-community-backlash/"><em>Algorand CEO’s X account suffers breach amid its community backlash</em></a></p> 
<h3 class="wp-block-heading" id="algo-price-prediction-2028">ALGO price prediction 2028</h3> 
<p>Our analysis indicates a further acceleration in ALGO’s price. It will trade between $1.04 and $.19 and average $1.06.</p> 
<h3 class="wp-block-heading" id="algo-price-prediction-2029">ALGO price prediction 2029</h3> 
<p>According to the ALGO price prediction for 2029, the price of ALGO will range between $1.49 and $1.78, with an average of $1.58.</p> 
<h3 class="wp-block-heading" id="algo-price-prediction-2030">ALGO price prediction 2030</h3> 
<p>The ALGO price prediction for 2030 indicates the price will range between $2.08 and $2.61. The average price of ALGO will be $2.14.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXfeoXuInCAWG2v_VM0NX359ai3zGshJt1oeLB-9rAliV20ELpn-roS1wmmpG0TBobZPqfE0y0-DCu8oVS500OgXFHxQxGkCVvaGHEa4jGj0e18ZVE1J6D-myo5oc6YXR2Z3D6UDXjOQfvewu8lmiFGk89XL?key=fdJCSYPBCdhJHR-whBg__g" alt="Algorand price prediction 2024-2030: Is a resurgence possible?">
  <figcaption class="wp-element-caption">
   ALGO price prediction 2025-2030
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="algo-market-price-prediction-analysts-algo-price-forecast">ALGO market price prediction: Analysts’ ALGO price forecast</h2> 
<figure class="wp-block-table">
 <table>
  <tbody>
   <tr>
    <td><strong>Firm</strong></td>
    <td><strong>2024</strong></td>
    <td><strong>2025</strong></td>
   </tr>
   <tr>
    <td>DigitalCoinPrice</td>
    <td>$0.39</td>
    <td>$0.43</td>
   </tr>
   <tr>
    <td>Gate.io</td>
    <td>$0.19</td>
    <td>$0.22</td>
   </tr>
   <tr>
    <td>Changelly</td>
    <td>$0.21</td>
    <td>$0.31</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="cryptopolitan-s-algo-price-prediction">Cryptopolitan’s ALGO price prediction</h2> 
<p>Our predictions show that ALGO will achieve a high of $0.27 in the second half of 2024. In 2025, it will range between $0.50 and $0.59, with an average of $0.51. In 2030, it will range between $2.08 and $2.61, with an average of $2.14. Note the predictions are not investment advice. Seek independent professional consultation or do your research.</p> 
<h2 class="wp-block-heading" id="algo-historic-price-sentiment">ALGO historic price sentiment</h2> 
<ul> 
 <li>Algorand held its token sale in June 2019 at $2.4 each.</li> 
 <li>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.&nbsp;</li> 
 <li>Token sale participants who held their tokens are down 90%.</li> 
 <li>Binance listed ALGO on 21 June 2019. According to Coinmarketcap data, it pumped up after the listing to reach an all-time high of $3.28.</li> 
 <li>ALGO crashed four months later and lost over 90% from ATH.</li> 
 <li>Coinbase listed ALGO in July 2021. The coin gradually recovered; the highest recorded for the year was $0.637 in August.</li> 
 <li>In retrospect, 2021 was the golden year for the crypto market. The emergence of NFTs, DeFi growth, and institutional interest drove the growth.</li> 
 <li>ALGO rose from a low of $0.32 in January to $2.3 in October, a 200% gain.</li> 
 <li>Nothing prepared the coin for the 2022 crypto winter, and the FTX crash worsened the situation. The year closed with ALGO trading at $0.23.</li> 
 <li>The decline continued through 2023, registering its all-time low at $0.0876 in September.</li> 
 <li>Market recovery began in October. By the close of the year, it had risen above $0.2.&nbsp;</li> 
 <li>It quickly rose to $0.3 in 2024 but corrected later to $0.2 level.</li> 
</ul> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized">
  <a href="https://coinstats.app/coins/algorand/" target="_blank" rel="noopener"><img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcfVS2yYxEhPiTVaGCw5AAgC50zRLDJxbe4S_q4jDIWo3AEu75cLnvkBBSKfEvCcXBqc2TW81QPbPpB5UOjjiE7R-m72S0gFBDy-cBzBBj3-tJ2RJLpOiLFwuEswjgnLbtJ4bwegAymVKO68ixbycbdSgyX?key=fdJCSYPBCdhJHR-whBg__g" alt="Algorand price prediction 2024-2030: Is a resurgence possible?" style="width: 100%;height:auto"></a>
  <figcaption class="wp-element-caption">
   Image Source: <a href="https://coinstats.app/coins/algorand/" target="_blank" rel="noopener">Coinstats</a>
  </figcaption>
 </figure>
</div>

Algorand price prediction 2024-2030: Is a resurgence possible?

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