If you are looking for Algorand price predictions or a market forecast and want to know where the prices of Algorand (ALGO) may go in the future, this price prediction will cover all of your questions. Can Algorand (ALGO) reclaim its ATH (all-time high) again? What will Algorand be worth next month? Is it a good idea to buy Algorand today? Is the current sentiment of Algorand bullish or bearish? In this Algorand price prediction, we will take a look at various ALGO technical indicators to determine the direction Algorand is heading.
0.61% in the last hour
|🪙 Coin Name||Algorand|
|💲 Price (USD)||$0.395962|
|📉 Price Change (1h)||0.61%|
|📈 Price Change (24h)||4.90%|
|💵 Market Cap||$2,744,491,277|
|🚀 24h Volume||$240,826,318|
|💸 Circulating Supply||6,931,192,944|
|💰 Total Supply||7,349,473,307|
The bullish trend that Algorand has experienced over the past 7 days has seen investors gain returns of over 27.00% on their investment. After analyzing the RSI and MACD for ALGO, we believe a slight correction may happen this coming week.
According to our most recent data, the current price of Algorand is $0.395962 and rank #28 across all cryptocurrencies. The current amount of supply in circulation for Algorand is 6,931,192,944 with a total marketcap of $2,744,491,277.
In the past 24 hours, Algorand's value has increased by 4.90%. Algorand has been growing at a steady pace, gaining 27.00% over the past 7 days. This bullish increase for Algorand has investors excited about the gains they have made this week.
Within the last one month, the price of ALGO increased by 31.05%, adding $0.093816 to its previous value of $0.302146 and pushing the marketcap to $2,744,491,277. This rise for Algorand means that it isn't currently the best time to buy ALGO and you should wait until another bear market to invest in this coin. The price of Algorand has risen over 15.08% in the past 90 days, adding $0.051887 to its previous value of $0.344076.
Below you can find the relative strength index (RSI), moving average convergence divergence (MACD), average true range (ATR) and bollinger bands for Algorand (ALGO).
|Indicator||5 minutes||15 minutes||30 minutes||1 hour||2 hours||4 hours||24 hours|
Our Algorand price predictions are determined using various machine based algorithms which monitor the relative strength index (RSI), moving average convergence divergence (MACD), moving average (MA), average true range (ATR) and bollinger bands (BB) for each specific cryptocurrency. By processing this data through our machine learning technology, we can try to predict the direction of Algorand.
The crypto market is known to be highly volatile, predicting Algorand prices is a difficult task and cannot be done with exact precision. All predictions on our website should not be taken as financial advice and you should do your own research. Consult your financial advisor before making any investment decisions.
As per the algorithmic procedure followed by our technical analysis and prediction, Algorand will achieve a maximum price of $0.712732 as institutional money continues to flow into cryptocurrency. The minimum expected price is $0.475155, while the average price will fall around $0.593943. Read More
As Algorand continues its journey towards making higher highs, our forecast states that in 2023, Algorand will achieve a maximum price of $1.11 while the average price for the year stands at $0.989906. On the other hand, the minimum price for ALGO in 2023 stands at $0.871117. Read More
Algorand price prediction for 2024 states that as the halving approaches, this cryptocurrency will achieve a price of $1.50 in 2024 while the average price of ALGO will be $1.39. Meanwhile, the minimum expected price is $1.27. Read More
With the continued influx of capital into the crypto market, Algorand is expected to reach a maximum price of $1.90 in 2025, while the average price would be $1.78. On the other hand, the minimum price expected in our prediction stands at around $1.66. Read More
Considering the adoption of ALGO by nations around the world, Algorand would claim a maximum price of $2.30 by 2026 and the average price expected stands around $2.18. Furthermore, the minimum price for the same year would be $2.06. Read More
In the year 2027, Algorand adoption will continue to rise, and with regulators gradually stepping in, investors might see ALGO at a maximum price of $2.69 by 2027 followed by a minimum price of $2.45. Moreover, the average price for the year is expected to be $2.57. Read More
In 2028, we may witness another major bull run across all cryptocurrencies, which means that investors might see ALGO achieve a maximum price of $3.09 followed by an average price of $2.97. The minimum price derived from our technical analysis is $2.85. Read More
For the year 2029, ALGO is expected to continue to rally to $3.48 and make higher highs. On the other hand, the average price for the year 2029 is $3.37 while the minimum price for ALGO in 2029 is $3.25. Read More
The Algorand price prediction for 2030 states that Algorand will start another decade at a maximum price of $3.88, while the minimum price would be around $3.64. The average price for the cryptocurrency is $3.76. Read More
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Today, Algorand (ALGO) is trading at $0.395962 with a total market capitalization of $2,744,491,277.
The ALGO price is expected to reach a maximum price of $0.712732 in 2022.
Based on the direction ALGO is heading, technical analysis suggests that this cryptocurrency is a good investment.
The average price of ALGO could exceed $0.593943 this year. Within the next 5 years, the price of Algorand is expected to rise above the $2.69 level.
Algorand has amazing potential over the next few years as cryptocurrency starts to become accepted across many business sectors. It is forecast by experts that by 2030, ALGO could reach a new all-time high of $3.88.