Algorand is the 40th largest cryptocurrency by market cap, commanding a $ 3.53B capitalization. Since it first started trading in 2019, the price of ALGO, the native cryptocurrency of the Algorand network, decreased by -30.17%.
In this article, we are going to examine Algorand price predictions for 2024, 2025, 2026, and 2030 and try to determine whether Algorand can reach $ 10.00.
Algorand price prediction key takeaways
Algorand price prediction 2024
According to our Algorand price prediction for 2024, ALGO is expected to trade between $ 0.388912 and $ 0.424266, with an average price of $ 0.405893. At the end of the year, ALGO is expected to trade at $ 0.424266.
Algorand price prediction 2025
Algorand is forecasted to reach a high of $ 0.424266 next year, with an average ALGO price of $ 0.406703. On the low end, Algorand is expected to bottom out at $ 0.388912 in 2025. By the end of the year, we could see Algorand change hands at $ 0.422917.
Algorand price prediction 2026
In 2026, Algorand could see a peak price of $ 0.747363 and a low of $ 0.419295. The average Algorand price prediction for 2026 is $ 0.573827. By year’s end, ALGO is expected to trade at $ 0.565056.
Algorand price prediction 2030
On a longer time scale, our Algorand price forecast for 2030 projects ALGO to reach a maximum price of $ 0.809442. Conversely, ALGO could trade as low as $ 0.126820 during the year, whereas the average Algorand price is predicted to move around $ 0.359493. By the end of 2030, Algorand is predicted to trade at $ 0.178315.
Algorand (ALGO) overview
| Cryptocurrency | Algorand |
|---|---|
| Ticker | ALGO |
| Market Cap | $ 3.53B |
| 24H Trading Volume | $ 1.72B |
| Circulating Supply | 8.30B |
| Total Supply | 10.00B |
| 7-Day Price Change | -23.47% |
| 1-Month Price Change | 197.23% |
| 1-Year Change | 129.43% |
| Algorand ROI | -30.17% |
| All-Time High | $ 4.77 |
| All-Time Low | $ 0.084597 |
With a circulating supply of 8.30B ALGO, the Algorand cryptocurrency project commands a market cap of $ 3.53B, good for the 40th spot in the crypto market.
In the last 24 hours, $ 1.72B worth of ALGO changed hands across 71 crypto exchanges, with Binance accounting for the largest share of ALGO trading volume.
Algorand price history
The price of Algorand has been trending in the negative direction in the past 24 hours, decreasing by -9.35% to $ 0.424631. In the past week, Algorand’s price lost -23.47%.
In addition, Algorand gained 197.23% in the past month, having traded in the green zone in 18 of the last 30 days.
On a longer time horizon, Cardano saw positive price activity in the last 3 months, underscored by the 197.23% move to the top. Meanwhile, the price of ALGO increased by 129.43% in the past year. Overall, Algorand is trading down -30.17% since it first started trading in 2019.
Algorand technical analysis
Based on technical indicators tracked by InvestMage, investor sentiment regarding Algorand is currently bullish, with extremely high volatility score of 43.29% (volatility is a measure of an asset’s price fluctuations).
Algorand is changing hands below the 200-day simple moving average (SMA), a common bullish signal. Also, the price of ALGO is currently below the 50-day SMA, which is widely regarded as a bullish indicator.
The Fear & Greed Index, a popular measure of market sentiment, is 78 (Extreme Greed). Meanwhile, RSI (Relative Strength Index), a popular market momentum indicator, is at 56.90, indicating that ALGO is changing hands in undervalued zone. Overall, there are 28 technical analysis indicators that indicate bullish market activity, and 2 that forecast bearish activity for Algorand.
Algorand price predictions 2024-2030
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2024 | $ 0.388912 | $ 0.405893 | $ 0.424266 |
| 2024 | $ 0.388912 | $ 0.406703 | $ 0.424266 |
| 2025 | $ 0.419295 | $ 0.573827 | $ 0.747363 |
| 2026 | $ 0.339156 | $ 0.400740 | $ 0.529370 |
| 2027 | $ 0.324238 | $ 0.338443 | $ 0.363432 |
| 2028 | $ 0.317541 | $ 0.345474 | $ 0.453063 |
| 2029 | $ 0.480843 | $ 1.03 | $ 1.69 |
According to our long-term Algorand prediction, the cryptocurrency is expected to reach a high point of $ 1.69 at some point in August 2029. On the other end of the spectrum, Algorand could bottom out at $ 0.043552 in July 2056. Per the prediction, Algorand will have the highest average price of $ 1.03 in 2029.
With a brief overview of Algorand price predictions for 2024 to 2030 in the rearview mirror, let’s dive deeper into separate yearly price predictions for ALGO.
Algorand price prediction 2025
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| December | $ 0.388912 | $ 0.406703 | $ 0.424266 |
In 2025, Algorand is forecasted to trade in a price channel between $ 0.388912 and $ 0.424266. On average, ALGO is expected to change hands at $ 0.406703 during the year. The most bullish month per ALGO could be December, when the currency could trade -0.09% higher than today.
Algorand price prediction 2026
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| January | $ 0.419295 | $ 0.514763 | $ 0.629276 |
| February | $ 0.514540 | $ 0.535272 | $ 0.565113 |
| March | $ 0.529061 | $ 0.577893 | $ 0.629216 |
| April | $ 0.487130 | $ 0.570322 | $ 0.623619 |
| May | $ 0.462540 | $ 0.500450 | $ 0.520858 |
| June | $ 0.452323 | $ 0.475544 | $ 0.490963 |
| July | $ 0.470955 | $ 0.490248 | $ 0.542347 |
| August | $ 0.511434 | $ 0.621289 | $ 0.747363 |
| September | $ 0.634301 | $ 0.668701 | $ 0.707735 |
| October | $ 0.651784 | $ 0.688164 | $ 0.739782 |
| December | $ 0.573730 | $ 0.632196 | $ 0.692956 |
| December | $ 0.565056 | $ 0.610187 | $ 0.654800 |
Generally speaking, Algorand price prediction for 2026 is bullish. The ALGO cryptocurrency is forecasted to hit a high point of $ 0.747363 in August and reach a low of $ 0.419295 in January. Overall, Algorand is expected to trade at an average price of $ 0.573827 in 2026.
Algorand price prediction 2030
| Month | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| February | $ 0.634325 | $ 0.733097 | $ 0.809442 |
| February | $ 0.535983 | $ 0.592436 | $ 0.655857 |
| March | $ 0.559223 | $ 0.640658 | $ 0.736560 |
| April | $ 0.319881 | $ 0.466094 | $ 0.569442 |
| May | $ 0.231787 | $ 0.288826 | $ 0.340032 |
| June | $ 0.230993 | $ 0.248635 | $ 0.279384 |
| July | $ 0.241783 | $ 0.267363 | $ 0.287069 |
| August | $ 0.221521 | $ 0.234436 | $ 0.251533 |
| September | $ 0.239827 | $ 0.265792 | $ 0.299514 |
| October | $ 0.198733 | $ 0.255481 | $ 0.332882 |
| December | $ 0.157313 | $ 0.184891 | $ 0.226276 |
| December | $ 0.126820 | $ 0.142977 | $ 0.178315 |
In the long term, Algorand could reach a price of $ 0.809442 in January. That’s a rather optimistic scenario, as ALGO could trade as low as $ 0.126820 in December. Overall, ALGO’s price is projected to hover at around $ 0.359493 in 2030, about -15.34% below the current price of $ 0.424631.
Algorand price prediction FAQs
According to InvestMage’s prediction, Algorand could gain as much as 298.36% by 2029, making it a potentially good investment. Keep in mind that the prediction is not set in stone and we could easily see Algorand either surpass or not reach the price targets outlined in this article.
Algorand would need to gain 2,354.99% to reach $ 10.00.
In 2024, Algorand is predicted to trade in a price range between $ 0.424266 and $ 0.388912, with the average price being $ 0.405893. The average price is about -4.41% lower than Algorand’s current price.
Algorand is projected to trade in a price range between $ 0.424266 and $ 0.388912, with the average price of $ 0.406703 throughout the year. The price of Algorand is expected to increase by -4.22% in 2024 (compared to Algorand’s current price).
Algorand is forecasted to change hands in a price channel bound by $ 0.747363 on the high end and $ 0.419295 on the low end. Algorand is expected to have an average price of $ 0.406703 in 2026, which is about 35.14% higher than Algorand’s current price of $ 0.424631.
The Algorand price algorithm predicts that ALGO will move between $ 0.809442 and $ 0.126820 in 2030, with the average price being $ 0.359493, about -15.34% lower compared to ALGO’s current price.
According to the InvestMage predictions, Algorand is expected to go down in value by -4.22% by next year. In 2025, the ALGO cryptocurrency could trade up 35.14% compared to today. By 2030, Algorand’s price is expected to decrease by -15.34%, and reach $ 0.359493.
The price of Algorand is algorithmically predicted using historical market price data for ALGO and a combination of technical indicators, including RSI, Stoch RSI, SMA50, SMA200, EMA, and several others.
About the Author: Dave N. Clarke
