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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 Market cap $3.52B Trading volume $270.51M Circulating supply 10B All-time high $3.28 on Jun 21, 2019 All-time low $0.08761 on Sep 11, 2023 24-hour high $0.4326 24-hour low $0.4074 Algorand price prediction Metric Value Volatility (30-day variation) 32.83% 50-day SMA $0.2583 200-day SMA $0.1682 Sentiment Neutral Fear and Greed Index 80 (Extreme Greed) Green days 19/30 (63%) ALGO price analysis As of December 15, ALGO’s price had risen by 130.97% in the last 30 days, making it one of the best-performing mega-altcoins in the last quarter of 2024. Algorand’s bullish signals Algorand TVL and Stablecoin market cap . Image source: DefiLlama Algorand’s total value locked (TVL), the amount of funds locked up by an ecosystem’s decentralized applications, is rising in December as users are depositing their assets into the protocol as interest grows. On the contrary, the protocol’s stablecoin market cap tanked to the $71.00 million level in November, but it is now recovering gradually. The statistics pointed to waning user interest in the protocol’s stablecoins, which provide stability in a highly volatile market. ALGO/USD 1-day chart analysis ALGO/USD 1-day chart. Image source: TradingView ALGO’s price movement this month saw the coin reach a high of $0.6139 a level last breached in May 2022. The William Alligator is sleeping as volatility drops. The relative strength index is 69.07 in neutral territory, while the MACD histogram shows rising negative market momentum. ALGO technical indicators Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.4603 SELL SMA 5 0.4500 SELL SMA 10 0.4582 SELL SMA 21 0.4045 BUY SMA 50 0.2583 BUY SMA 100 0.1926 BUY SMA 200 0.1682 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.4418 SELL EMA 5 0.4527 SELL EMA 10 0.4469 SELL EMA 21 0.3917 BUY EMA 50 0.2909 BUY EMA 100 0.2256 BUY EMA 200 0.1912 BUY What to expect from ALGO price analysis next? Per our technical indicators, ALGO’s price trend is neutral, and the fear and greed index shows extreme greed among investors as it crosses into overbought territory. Data analysis, however, shows rising activity in decentralized finance applications but a drop in its 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 Algorand has partnered with World Chess to revolutionize the chess experience for millions of players. This collaboration will enable a seamless and secure environment for chess enthusiasts. The partnership is aimed at increasing the clarity and safety of chess ratings. 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.
