Algorand (ALGO) Price Predictions
- The current price of ALGO is $0.20308, up $0.042466 (26.44%) compared to 3 months ago.
- Significant growth is forecasted for ALGO over the next 12 months as the market recovers.
- Algorand is currently showing bearish signs with a score of 38/100.
- The bullish Algorand price prediction for the end of 2023 is $0.365545.
- The price of Algorand has decreased by 15.13% in the past 24 hours.
Algorand has experienced significant growth over the past 12 months, recovering from a bear market. Due to this recent growth, Algorand is expected to reach a high of $0.771706 over the next few years.
Algorand investors have experienced returns of over 22.96% on their investment this past week due to the bullish period ALGO has experienced. After analyzing the technical indicators for ALGO, we expect a slight correction could happen over the next few days.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.243697 | $0.304621 | $0.365545 |
| 2024 | $0.446777 | $0.507701 | $0.568625 |
| 2025 | $0.649858 | $0.710782 | $0.771706 |
| 2026 | $0.852938 | $0.913862 | $0.974786 |
| 2027 | $1.06 | $1.12 | $1.18 |
| 2028 | $1.26 | $1.32 | $1.38 |
| 2029 | $1.46 | $1.52 | $1.58 |
| 2030 | $1.67 | $1.73 | $1.79 |
| 2031 | $1.87 | $1.93 | $1.99 |
According to our Algorand price prediction, the price of ALGO is predicted to drop by $0.005483 over the next 7 days, reaching $0.197597 by May 2, 2024.
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Algorand (ALGO) Overview
| Current Price | $0.20308 |
| 24 hour Price Change | 15.13% |
| Market Capitalization | $1,660,869,606 |
The current price of Algorand is $0.20308 and it is currently ranked #59 out of all cryptocurrencies. The amount of supply currently in circulation for Algorand is 8,138,100,056 with a total market capitalization of $1,660,869,606.
In the past 24 hours, the price of Algorand has decreased by 15.13%. Algorand has grown at a steady pace over the last 7 days, gaining 22.96%. This increase has Algorand investors excited about the return on investment that they have made this week.
Within the last 30 days, the price of ALGO dropped by 27.23%, reducing its previous value of $0.279072 by $0.075991. This current downtrend means that Algorand is in dip right now. Algorand price has increased by 26.44% in the past 90 days, adding $0.042466 to its previous value of $0.160614.
Algorand Price Prediction FAQs
What is the Algorand (ALGO) price today?
Today, Algorand (ALGO) is currently trading at $0.20308 with a total market cap of $1,660,869,606.
What is the price prediction for Algorand in 2023?
The price of Algorand is expected to reach a maximum price of $0.365545 in 2023.
Is it a good time to buy Algorand (ALGO)?
After analyzing the technical indicators for Algorand, we expect a slight correction could happen over the next few days and investors should wait to buy ALGO.
Is Algorand (ALGO) a good investment?
Based on the direction Algorand is heading, our technical analysis suggests that this cryptocurrency is currently a good investment.
Is it smart to invest in Algorand (ALGO)?
According to our price prediction, our analysis suggests that Algorand is currently a smart investment.
Does Algorand have a future?
Because Algorand has strong fundamentals and a lot of people are invested in this cryptocurrency, we predict that the future for ALGO looks promising.
How high can Algorand go?
The average price of Algorand could exceed $0.304621 this year. Within the next 5 years, the price of ALGO is expected to rise above $1.38.
How much will Algorand cost in 2025?
By 2025, our price prediction forecasts that Algorand (ALGO) could be worth $0.974786.
How much will Algorand be worth in 2030?
Algorand has amazing potential over the next few years as acceptance for cryptocurrency increases. Our market forecast indicates that by 2030, ALGO could reach a new all-time high of $1.99.
How much money should I invest in Algorand?
There is no specified amount you should invest in Algorand, our best investment advice is to only invest what you can afford to lose.
