Algorand Price Prediction 2024-2033
- Algorand Price Prediction 2024 – up to $0.3324
- Algorand Price Prediction 2027 – up to $0.9631
- Algorand Price Prediction 2030 – up to $3.06
- Algorand Price Prediction 2033 – up to $9.37
Will Algorand rise to its former glory? Let us explore the coin projections for 2024 to 2033.
ALGO Price Analysis
| Current price | $0.1862 |
| 30-Day Price Prediction | $0.2737 |
| Volatility (30 day variation) | 13.86% |
| 50-Day SMA | $0.2350 |
| 14-Day RSI | 41.25 |
| Sentiment | Bearish |
| Fear & Greed Index | 67 (Greed) |
| Green Days | 13/30 (43%) |
| 200-Day SMA | $0.1827 |
TL;DR Breakdown
- The Algorand price is in consolidation today
- General bearish sentiment
The live Algorand price today is $0.1862, with a 24-hour trading volume of $60,980,677. We update our ALGO to USD price in real-time. Algorand is down 5.62% in the last 24 hours. The current CoinMarketCap ranking is #61, with a live market cap of $1,515,358,361. It has a circulating supply of 8,141,264,636 ALGO coins.
Algorand Technical Analysis Price Forecast
The general ALGO price trend is bearish, with 11 technical indicators signaling bullish signals against 19 signaling bearish signals. The bearish sentiment is for the short-term projection, with the 3-day and 5-day SMAs and EMAs carrying the most weight. The fear greed index suggests that the bids are above their fair worth.
Algorand Moving Averages
| Daily Simple Moving Average (SMA) | ||
| Period | Value ($) | Action |
| SMA 3 | 0.1923 | BUY |
| SMA 5 | 0.2000 | SELL |
| SMA 10 | 0.2058 | SELL |
| SMA 21 | 0.2059 | SELL |
| SMA 60 | 0.2363 | SELL |
| SMA 100 | 0.2132 | SELL |
| SMA 200 | 0.1825 | BUY |
| Daily Exponential Moving Average (EMA) | ||
| Period | Value ($) | Action |
| EMA 3 | 0.1840 | BUY |
| EMA 5 | 0.1852 | BUY |
| EMA 10 | 0.1960 | BUY |
| EMA 21 | 0.2149 | SELL |
| EMA 50 | 0.2264 | SELL |
| EMA 100 | 0.2164 | SELL |
| EMA 200 | 0.1956 | BUY |
| Weekly Simple Moving Average (SMA) | ||
| Period | Value ($) | Action |
| SMA 21 | -0.36 | BUY |
| SMA 50 | -0.24 | BUY |
| SMA 100 | -0.30 | BUY |
| SMA 200 | -0.06 | BUY |
| Weekly Exponential Moving Average (EMA) | ||
| Period | Value | Action |
| EMA 21 | 0.2014 | SELL |
| EMA 50 | 0.2000 | SELL |
| EMA 100 | 0.2640 | SELL |
| EMA 200 | 0.0670 | BUY |
Algorand Oscillators
| Period | Value | Action |
| RSI (14) | 41.25 | NEUTRAL |
| Stoch RSI (14) | 100.00 | SELL |
| Stochastic Fast (14) | 45.43 | NEUTRAL |
| Commodity Channel Index (20) | 66.67 | NEUTRAL |
| Average Directional Index (14) | 27.31 | SELL |
| Awesome Oscilator (5,34) | -0.02 | NEUTRAL |
| Momentum (10) | 0.02 | NEUTRAL |
| MACD (12,26) | 0.00 | NEUTRAL |
| William Percentage Range (14) | -54.57 | NEUTRAL |
| Ultimate Oscillator (7,14,28) | 45.33 | NEUTRAL |
| VWMA (10) | 0.19 | BUY |
| Hull Moving Average (9) | 0.21 | SELL |
| Ichimoku Cloid B/L (9,26,52,26) | 0.21 | NEUTRAL |
ALGO’s Node Sent to the Space
Looking at the 1-day chart, ALGO made an unprecedented move earlier this week, breaking the $0.2 resistance to a high of $0.264. The day registered a trading volume of $422 million, the largest traded in a day this year. On the same day, a group of talented students and teachers from Portugal sent an Algorand node and a cosmic rays detector (Geiger) into outer space aboard a stratospheric balloon!
A day later, however, the price corrected, forming part of a head-shoulder pattern.
ALGO/USD 1-day price chart by Tradingview
The Relative Strength Index (RSI) for ALGO/USD is currently at 41.25, in neutral territory. The MACD has crossed above the signal line, suggesting a potential buy signal; the momentum is, however, low-dimming any substantial upward breakout.
ALGO/USD 4-hour price chart: ALGO in consolidation
The 4-hour Algorand price analysis chart shows it moved into consolidation after correcting on the 25th. Longer periods of consolidation are accompanied by longer breakouts. The direction of the coming breakout is not evident, however, negative momentum is building up gradually.
ALGO/USD 4-hour price chart, Source;Tradingview
The technical indicators for the 4-hour chart are bearish, and the MACD suggests the momentum is building. The relative strength index (RSI) is currently at 46.62, indicating a neutral market.
What to expect from Algorand Price
The Algorand price analysis shows an extended period of consolidation, which could be forming a head-shoulder pattern. Negative momentum is gradually building up on the shorter time frame; however, when zooming out, the ALGO is in a state of consolidation.
Algorand Price Predictions 2024-2033 by Cryptopolitan
Price Predictions for the Rest of 2024
| Month | Minimum Price ($) | Average Price ($) | Maximum Price ($) | Percentage Change (%) |
| Jun 2024 | $0.17 | $0.29 | $0.32 | 46.76 % |
| Jul 2024 | $0.16 | $0.23 | $0.33 | 18.10 % |
| Aug 2024 | $0.17 | $0.31 | $0.31 | 106.64 % |
| Sep 2024 | $0.18 | $0.21 | $0.32 | 5.64 % |
| Oct 2024 | $0.17 | $0.29 | $0.33 | 45.58 % |
| Nov 2024 | $0.17 | $0.28 | $0.32 | 91.47 % |
| Dec 2024 | $0.17 | $0.21 | $0.32 | 8.66 % |
2024-2033 Price Predictions
At the beginning of 2024, there was a recovery in the price of cryptocurrencies, but recent events leading to the Bitcoin halving have shown that bears are now in control of price dynamics, slowing growth. Algorand (ALGO), which has seen its value fall by 11.16% today, has also been affected by this trend.
Our pricing projection indicates that the maximum price for Algorand will be $90.70 by the end of 2024. The coin’s value will rise and hit $551.97, its highest level in five years. We anticipate that Algorand will continue to appreciate until 2033, when it will reach $2,337 at its highest price.
| Year | Minimum ($) | Average ($) | Maximum ($) |
| 2024 | 0.1652 | 0.2737 | 0.3324 |
| 2025 | 0.3763 | 0.3900 | 0.4653 |
| 2026 | 0.5527 | 0.5722 | 0.6553 |
| 2027 | 0.8249 | 0.8477 | 0.9631 |
| 2028 | 1.21 | 1.24 | 1.41 |
| 2029 | 1.76 | 1.81 | 2.11 |
| 2030 | 2.63 | 2.70 | 3.06 |
| 2031 | 3.64 | 3.78 | 4.52 |
| 2032 | 5.34 | 5.49 | 6.53 |
| 2033 | 7.70 | 7.97 | 9.37 |
Algorand price prediction
Algorand Price Prediction 2024
Algorand prices, cryptocurrency experts expect the ALGO rate to reach a maximum of $0.3094. It might, however, drop to $0.2635. The forecasted average of Algorand is nearly $0.2737.
Algorand (ALGO) Price Prediction 2025
Algorand price is forecast to reach a lowest possible level of $0.3763 in 2025. As per our findings, the ALGO price could reach a maximum possible level of $0.4653 with the average forecast price of $0.39.
Algorand Price Prediction 2026
According to our deep technical analysis of past price data of ALGO, In 2026, the price of Algorand is forecasted to be at around a minimum value of $0.5527. The Algorand price value can reach a maximum of $0.6553 with an average trading value of $0.5722.
Algorand Price Prediction 2027
After analyzing the prices of Algorand in previous years, it is assumed that in 2027, the minimum price of ALGO will be around $0.8249. The maximum expected ALGO price may be around $0.9631. On average, the trading price might be $0.8477 in 2027.
Algorand Price Prediction 2028
According to our deep technical analysis of past price data of ALGO. In 2028, the price of Algorand is predicted to reach a minimum level of $1.21. The ALGO price can reach a maximum level of $1.41 with the average trading price of $1.24.
Algorand (ALGO) Price Prediction 2029
Based on the analysis of the costs of Algorand by crypto experts, the following maximum and minimum ALGO prices are expected in 2029: $2.11 and $1.76. On average, it will be traded at $1.81.
Algorand Price Prediction 2030
Algorand price is forecast to reach a lowest possible level of $2.63 in 2030. As per our findings, the ALGO price could reach a maximum possible level of $3.06 with the average forecast price of $2.70.
Algorand Price Prediction 2031
Every year, cryptocurrency experts prepare forecasts for the price of ALGO. ALGO is estimated to be traded between $3.64 and $4.52 in 2031. Its average cost is expected to be around $3.78 during the year.
Algorand Price Prediction 2032
As per the forecast price and technical analysis, In 2032, the price of Algorand is predicted to reach a minimum level of $5.34. The ALGO price can reach a maximum level of $6.53 with the average trading price of $5.49.
Algorand Price Prediction 2033
After years of analysis of the Algorand price, crypto experts are ready to provide their ALGO cost estimation for 2033. It will be traded for at least $7.70, with the possible maximum peaks at $9.37. Therefore, on average, you can expect the ALGO price to be around $7.97 in 2033.
Algorand Price Prediction by Coincodex
According to Coincodex’s Algorand most recent price estimate, the Fear and Greed Index is currently at 65, indicating a moderate degree of investor mood. The present market prognosis for Algorand is bearish (Greed), nevertheless, according to technical indicators from Coincodex. ALGO’s price has fluctuated by -25.55% over the last 30 days, with 17 of the 30 days (or 60%) in the red.
Looking ahead, Coincodex’s Algorand analysis suggests that ALGO is trading at a discount, as the indicators point to a negative market sentiment.
Their projections highlight the potential for negative growth in ALGO’s value over the next 6 years. In 2030, it will trade between $0.0853 and $0.6256. Still, it’s essential to note that these estimates are speculative and subject to market dynamics and unforeseen factors. Another notable observation is that ALGO will only register positive growth in 2026. As with any investment, thorough own research and careful consideration of market conditions are recommended before making any decisions.
Algorand Price Prediction by DigitalCoinPrice
According to the latest forecast from DigitalCoinPrice, it is anticipated that the value of Algorand cryptocurrency will experience a significant increase of 230% by the end of 2025, reaching $0.46. The Fear & Greed Index is currently at 27.31, indicating fear among investors. Additional technical indicators, such as the moving averages, suggest bearish market sentiment. Based on DigitalCoinPrice’s prediction, it is considered risky to sell Algorand at this time.
Algorand witnessed a substantial decline in April, correcting from the earlier bullish run. It has lost 25.55% of its value in the last 30 days. Presently, the daily indicator is pointing toward a bearish market trend.
Algorand Price Prediction by Industry Influencers
Most influencers are betting on bullish price predictions. On YouTube, AllinCrypto, is betting at $0.784 as a plausible target in 2024, with the larger target at $2.49. AltCoin Doctor highlights the positive market effect post-Bitcoin halvings on Algorand going forward. His first bullish target is between $0.6 and $0.8.
Algorand Overview
| MARKET CAP | ALL-TIME HIGH | ALL-TIME LOW | POPULARITY | CIRCULATING SUPPLY |
| $1,515,372,860 | $0.1991 | $0.1848 | #61 | 8,141,264,636 |
The valid criticisms of Algorand are fundamental to how it works. For beginners, ALGO is incompatible with the Ethereum Virtual Machine (EVM), a feature that allows compatibility with the Ethereum blockchain. Note that the London Bridge solved this conundrum, enabling easy movement of funds between the Ethereum and Algorand blockchains. There have also been concerns about centralization, and this is because the Algorand Foundation controls the relay chains. Supporters argue it is simple to run a participatory node.
Algorand has lost over $14 billion in value since it started trading. ALGO is now priced at about $0.2.
Is Algorand a Good Investment?
The ALGO token is one of the most versatile tokens with crypto. The coin is payment-ready; you can use it to pay for transaction fees and purchase on-chain NFTs on the Algorand blockchain. ALGO is also used to secure the platform and reward ecosystem governors. Our CP Price Prediction section will show how the coin will gain value in years to come.
ALGO Fundamentals
Algorand is a forkless chain, as there is enough flexibility built into the layer one protocol that this will be sufficient to allow for any future developments.
Algorand key functionalities at the layer one level include:
- Algorand standard assets that can represent fungible and non-fungible assets
- Smart contracts – stateless and stateful implementation
- Atomic transfers – support all Algo and standard assets and allow for multi-party transfers.
- Rekeying – the ability to change one’s private spending key without changing the public key.
- Pure Proof-of-Stake Consensus Mechanism: On this mechanism, those who propose blocks and those who verify them are selected by the Verifiable Random Function (VRF) algorithm. This speeds up the computational process and makes Algorand more scalable.
Algorand (ALGO) Coin Price History
2019
Algorand held its token sale in June 2019, selling each token at $2.4. Earlier funding rounds were led by Union Square Ventures, Lemniscap, and NGC ventures, among others. The public sale raised $60.40 million while funding rounds raised $66.00 million. Token sale participants who held their tokens lost about 90% of the initial value.
Binance listed ALGO in the same month on date 21. According to Coinmarketcap, ALGO pumped on the same day, reaching its all-time high (ATH) of $3.28.
Four months later, in October, ALGO crashed, losing over 90% of its value from ATH.
2020
Coinbase listed ALGO in July 2020, as the coin gradually rose from the 2019 crash. The highest price registered in 2020 was $0.637 in August.
2021
In retrospect, 2021 was the golden year for cryptocurrencies. Several factors came together to contribute to the year’s bullish cycle; these include:
- Emergence of NFTs
- Growth of Decentralized Finance (DeFi)
- Institutional Interest
- Celebrity endorsements
Some coins like Gala, pumped as much as 10,821%. AXS pumped 10,598%.
ALGO rose from a low of $0.32 in January to $2.3 in October. A 700% gain.
2022
Nothing prepared the coin for the 2022 crypto winter. The situation worsened because of the crash of the FTX exchange, which exposed $8 to $10 billion in FTX accounts. The year closed with ALGO trading at $0.23.
2023
The decline continued through 2023, registering its all-time low price at $0.0876 in September 2023. Luckily, the crypto market recovered in October, as Crypto investors warmed up to the listing of spot Bitcoin ETFs and the Bitcoin halving event that was approaching in 2024. By the close of the year, ALGO had risen above $0.2.
Image Source: Algorand Token Price, Charts & Market Insights | Your Crypto Hub
Recent News/ Updates on ALGO
Algorand is quickly adopting Python as its canonical programming language. Python has a user base of over 10 million developers but is often overlooked by blockchain platforms. Algorand Foundation Chief Technology Officer John Woods terms this change as a ‘seismic change.’
Image Source: https://www.algorand.foundation/
Also Read:
- Hedera and Algorand Forge Alliance for Decentralized Wallet Recovery | Cryptopolitan
- Algorand blockchain implements Dynamic Lambda update, reducing block creation times
- Algorand CEO’s X account suffers breach amid its community backlash
- Algorand’s latest protocol upgrade boosts network speed and scalability to new heights | Cryptopolitan
- How and Where to Buy Algorand: Easy Steps | Cryptopolitan
More on Algorand
Some critics, especially early investors, have shared their concerns about the poor performance of ALGO over the years. Last month, from March 19, Algorand consistently released 2.29 million ALGO tokens daily for 30 consecutive days, a move that did not sit well with investors. To make up for the shortcoming, Algorand Technologies is making strides in its development.
Examples of applications built on the Algorand blockchain include:
- Global financial technology,
- Decentralized smart contract exchange,
- Private Investing Platforms
- Digital Securities Exchanges
- Financial asset governing through Decentralized Autonomous Organizations, DAO
- Crypto lending solutions, among others.
What do I have to know about the Algorand Foundation?
The ALgorand Foundation has three distinct roles within the Algorand Blockchain. Growing and developing the Algorand ecosystem, managing the Algorand protocol, and engaging in community governance.
Another important arm of the protocol is Algorand, Inc. (Algorand Technologies). This arm on the commercialization of Algorand technology and provides the tools businesses and developers need.
What is the mission of the Algorand Technology
Algorand technology has three missions:
- Technological innovation to better society
- Improve the operation of businesses and organizations
- Application of breakthrough technology
Where to store ALGO
You can store your ALGO tokens on Coinomi, Algorand Core Wallet, MyAlgo Wallet, Ledger, and Exodus.
Conclusion
Algorand has had its fair share of criticism, from its past poor price performance and the concerns about centralization. Despite this, the ecosystem has a robust community of developers and robust applications.
Projections are optimistic; the coin should cross the $0.5 mark in 2026 and $1 in 2028. However, it is important to note that the crypto market is volatile. An unrelated event can lead to the crash of ALGO.
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