Algorand is a cryptocurrency and blockchain platform that was pushed back in 2017. Currently, the cryptocurrency seems to be on trend, in relation to the recent hype that the crypto is receiving in the market.
Here we have made the price prediction of the Algorand. Go through it to know whether ALGO is a good investment.
Algorand Price Prediction
At the time of writing this price prediction article, the price of Algorand is $0.17. Over the past 24 hours, it has had a price change of 2.36% and over the last 7 days, it has had a price change of -24.76%.
Algorand market cap is $1,417,907,732.84 with a circulating supply of 8,130,182,186 ALGO. The trading volume of the crypto is $84,029,298.56.
The all-time high that the crypto has ever had is $3.28 with an all-time low of $0.09.
ALGO price prediction for the next 7 days indicates a -8.37 change resulting in $0.157389. Currently, it has a 67 point in the Fear and Greed Index indicating greed.
It has a bearish sentiment in the market with a 12.08% volatility. Over the past 30 days, ALGO has had a total of 13 green days which makes up 43%.
The 50-day SMA of the crypto is $0.245908 with a 200-day SMA of $0.176823. The 14-day RSI of ALGO is 34.31.
Algorand Price Prediction 2024
ALGO price prediction for 2024 is between $0.158 and $0.211 as of the current data. In this, the first one is the minimum expected price and the second one is the maximum expected price of the coin.
The average trading price of the coin is predicted to be $0.263 with a potential ROI of 13.7%.
Algorand Price Prediction 2025
In 2025, the coin is expected to have a yearly higher end of $0.3640 and a yearly lower end of $0.2994.
The potential ROI of the coin is expected to be 96.2% with an average annual trading price of $0.3102.
Algorand Price Prediction 2026
The price of ALGO is expected to fall and reach $0.4516 in 2026. However, it is expected to have surged and risen to $0.5241.
The average trading price of the crypto is expected to be $0.4640 throughout the year. It is to have a potential ROI of 182.5%
Algorand Price Prediction 2027
The 2027 price prediction of ALGO is expected to be between $0.6555 and $0.8023 with the first one as the minimum expected price and the latter one as the maximum expected price.
The average price is expected to be $0.6740. The crypto is forecasted to have a potential ROI of 332.5%.
Algorand Price Prediction 2028
In 2028, ALGO is expected to have a potential ROI of 514.6%. The average price that the crypto is predicted to trade throughout the year is $1.02.
This price can fall to $0.9844 and also surge to a maximum of $1.14.
Algorand Price Prediction 2029
After careful examination crypto analysts concluded that in 2029 the highest price that Algorand can surge to is $1.70.
Throughout the year, it may continue on an average trading price of $1.51. Also, it may drop to $1.46. The potential ROI of the crypto is supposed to be 816.4%.
Algorand Price Prediction 2030
The Algorand price prediction for 2030 is now made between $2.14 and $2.57. The latter is the maximum price that the crypto is expected to have in 2030. And the first one is the minimum expected annual price of ALGO.
The potential ROI is now made 1285.4% and the average trading price is supposed to be $2.21 during the year.
Is Algorand a good investment?
According to the historical data, the current trends in the market, and its price fluctuations, Alogorand seems to be a good long-term investment.
The current price predictions show that, in the future, it is going to have a hike in its price. If you invest now in this crypto, you can make a good profit out of it in the coming years.
However, we suggest your own research before you make any investment decision. After going through your requirements and priorities you can make a decision on your own. All the best.
