6 min readPublished On: October 11, 2024By

Algorand is the 65th largest cryptocurrency by market cap, commanding a $ 981.46M capitalization. Since it first started trading in 2019, the price of ALGO, the native cryptocurrency of the Algorand network, decreased by -80.51%.

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 $ 0.113312 and $ 0.185932, with an average price of $ 0.144552. At the end of the year, ALGO is expected to trade at $ 0.161987.

Algorand price prediction 2025

Algorand is forecasted to reach a high of $ 0.185932 next year, with an average ALGO price of $ 0.144743. On the low end, Algorand is expected to bottom out at $ 0.113312 in 2025. By the end of the year, we could see Algorand change hands at $ 0.160069.

Algorand price prediction 2026

In 2026, Algorand could see a peak price of $ 0.223594 and a low of $ 0.132624. The average Algorand price prediction for 2026 is $ 0.169766. By year’s end, ALGO is expected to trade at $ 0.140588.

Algorand price prediction 2030

On a longer time scale, our Algorand price forecast for 2030 projects ALGO to reach a maximum price of $ 0.185182. Conversely, ALGO could trade as low as $ 0.031865 during the year, whereas the average Algorand price is predicted to move around $ 0.076810. By the end of 2030, Algorand is predicted to trade at $ 0.052823.

Algorand (ALGO) overview

CryptocurrencyAlgorand
TickerALGO
Market Cap$ 981.46M
24H Trading Volume$ 138.99M
Circulating Supply8.28B
Total Supply10.00B
7-Day Price Change-4.51%
1-Month Price Change-5.16%
1-Year Change25.21%
Algorand ROI-80.51%
All-Time High$ 4.77
All-Time Low$ 0.084597
Data provided by CoinCodex

With a circulating supply of 8.28B ALGO, the Algorand cryptocurrency project commands a market cap of $ 981.46M, good for the 65th spot in the crypto market.

In the last 24 hours, $ 138.99M worth of ALGO changed hands across 64 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 -1.06% to $ 0.118494. In the past week, Algorand’s price lost -4.51%.

In addition, Algorand lost -5.16% in the past month, having traded in the green zone in 15 of the last 30 days.

On a longer time horizon, Cardano saw negative price activity in the last 3 months, underscored by the -5.16% move to the bottom. Meanwhile, the price of ALGO increased by 25.21% in the past year. Overall, Algorand is trading down -80.51% since it first started trading in 2019.

Algorand technical analysis

Based on technical indicators tracked by InvestMage, investor sentiment regarding Algorand is currently bearish, with high volatility score of 5.15% (volatility is a measure of an asset’s price fluctuations).

Algorand is changing hands above the 200-day simple moving average (SMA), a common bearish signal. Also, the price of ALGO is currently above the 50-day SMA, which is widely regarded as a bearish indicator.

The Fear & Greed Index, a popular measure of market sentiment, is 32 (Fear). Meanwhile, RSI (Relative Strength Index), a popular market momentum indicator, is at 37.79, indicating that ALGO is changing hands in undervalued zone. Overall, there are 13 technical analysis indicators that indicate bullish market activity, and 19 that forecast bearish activity for Algorand.

Algorand price predictions 2024-2030

YearMinimum PriceAverage PriceMaximum Price
2024$ 0.113312$ 0.144552$ 0.185932
2024$ 0.113312$ 0.144743$ 0.185932
2025$ 0.132624$ 0.169766$ 0.223594
2026$ 0.097940$ 0.112503$ 0.146999
2027$ 0.093334$ 0.097368$ 0.105301
2028$ 0.079904$ 0.116724$ 0.306855
2029$ 0.140260$ 0.256073$ 0.424555

According to our long-term Algorand prediction, the cryptocurrency is expected to reach a high point of $ 0.424555 at some point in July 2029. On the other end of the spectrum, Algorand could bottom out at $ 0.000004 in July 2056. Per the prediction, Algorand will have the highest average price of $ 0.256073 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 2024

MonthMinimum PriceAverage PriceMaximum Price
November$ 0.122607$ 0.148898$ 0.185932
December$ 0.149543$ 0.157755$ 0.167814

This year, Algorand is expected to trade in a price range between $ 0.113312 and $ 0.185932, with the average price of $ 0.144552 per ALGO coin. The price of ALGO is expected to increase by 36.7% by the end of the year.

Algorand price prediction 2025

MonthMinimum PriceAverage PriceMaximum Price
October$ 0.113312$ 0.121001$ 0.130945
November$ 0.133272$ 0.159259$ 0.185932
December$ 0.153005$ 0.159770$ 0.167814

In 2025, Algorand is forecasted to trade in a price channel between $ 0.113312 and $ 0.185932. On average, ALGO is expected to change hands at $ 0.144743 during the year. The most bullish month per ALGO could be November, when the currency could trade 56.91% higher than today.

Algorand price prediction 2026

MonthMinimum PriceAverage PriceMaximum Price
January$ 0.152547$ 0.171673$ 0.186710
February$ 0.156727$ 0.172586$ 0.185888
March$ 0.140791$ 0.149071$ 0.161438
April$ 0.137083$ 0.142322$ 0.153242
May$ 0.132624$ 0.139415$ 0.144517
June$ 0.144013$ 0.160132$ 0.217778
July$ 0.188834$ 0.205214$ 0.223594
August$ 0.194437$ 0.201605$ 0.211229
September$ 0.188520$ 0.202041$ 0.220255
October$ 0.169268$ 0.182998$ 0.196252
November$ 0.143726$ 0.164658$ 0.195381
December$ 0.134092$ 0.144622$ 0.153214

Generally speaking, Algorand price prediction for 2026 is bullish. The ALGO cryptocurrency is forecasted to hit a high point of $ 0.223594 in July and reach a low of $ 0.132624 in May. Overall, Algorand is expected to trade at an average price of $ 0.169766 in 2026.

Algorand price prediction 2030

MonthMinimum PriceAverage PriceMaximum Price
January$ 0.134524$ 0.156531$ 0.185182
February$ 0.129689$ 0.146825$ 0.180895
April$ 0.071381$ 0.102766$ 0.141841
April$ 0.058049$ 0.069095$ 0.079932
May$ 0.057922$ 0.062981$ 0.070871
July$ 0.059111$ 0.066365$ 0.072070
July$ 0.055983$ 0.058860$ 0.063072
August$ 0.060458$ 0.066856$ 0.075345
September$ 0.050134$ 0.064683$ 0.083586
October$ 0.042347$ 0.046993$ 0.057221
November$ 0.031865$ 0.035429$ 0.041037
December$ 0.041243$ 0.047864$ 0.055106

In the long term, Algorand could reach a price of $ 0.185182 in January. That’s a rather optimistic scenario, as ALGO could trade as low as $ 0.031865 in November. Overall, ALGO’s price is projected to hover at around $ 0.076810 in 2030, about -35.18% below the current price of $ 0.118494.

Algorand price prediction FAQs

Is Algorand a good investment?

According to InvestMage’s prediction, Algorand could gain as much as 258.29% 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.

Can Algorand reach $ 10.00?

Algorand would need to gain 8,439.23% to reach $ 10.00.

What is the Algorand price prediction for 2024?

In 2024, Algorand is predicted to trade in a price range between $ 0.185932 and $ 0.113312, with the average price being $ 0.144552. The average price is about 21.99% higher than Algorand’s current price.

What is the Algorand price prediction for 2025?

Algorand is projected to trade in a price range between $ 0.185932 and $ 0.113312, with the average price of $ 0.144743 throughout the year. The price of Algorand is expected to increase by 22.15% in 2024 (compared to Algorand’s current price).

What is the Algorand price prediction for 2026?

Algorand is forecasted to change hands in a price channel bound by $ 0.223594 on the high end and $ 0.132624 on the low end. Algorand is expected to have an average price of $ 0.144743 in 2026, which is about 43.27% higher than Algorand’s current price of $ 0.118494.

What is the Algorand price prediction for 2030?

The Algorand price algorithm predicts that ALGO will move between $ 0.185182 and $ 0.031865 in 2030, with the average price being $ 0.076810, about -35.18% lower compared to ALGO’s current price.

Will Algorand go up?

According to the InvestMage predictions, Algorand is expected to go up in value by 22.15% by next year. In 2025, the ALGO cryptocurrency could trade up 43.27% compared to today. By 2030, Algorand’s price is expected to decrease by -35.18%, and reach $ 0.076810.

How do we predict the price of Algorand?

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

Dave N. Clarke
Dave N. Clarke is a writer specializing in new financial technologies. Dave is most interested in the latest advancements in cryptocurrency and blockchain technology, but also occasionally covers traditional markets.

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