Even these days, most blockchains struggle with balancing security, decentralization and scalability. Algorand claims to solve this problem, and the team ceaselessly develops their project even after the release.
Has it produced results so far? Let’s let the numbers talk and look at the Algorand price prediction 2021 and further!
Algorand Price Prediction 2021–2030
- Analysts are split on Algorand in 2021, whether it will be suppressed by bears or shoot up in a rally;
- In the future coming years, most targets given are moderate, but the possibility of a rally up to $60 is not ruled out;
- In 2030 it may get close to $100, according to some forecasts.
What is Algorand and ALGO?
Algorand is a blockchain with the mission to end the need to compromise between scalability, security and decentralization. The developers claim it’s secure, since it uses the latest cryptography, scalable, since it’s memory-efficient, and decentralized, since all network participants propagate it.
The Algo (ALGO) is the native currency of this blockchain, which is necessary to secure the network this way.
Any coin can be picked for verification through “a lottery”, and its holder will receive rewards for validating transactions. Since validators are chosen from coin holders and the balance defines the chances of receiving rewards, ALGO is considered a Proof-of-Stake currency.
In addition to that, ALGO has a part in governance and transacting, as well.
Algo Price History
ALGO Price in 2019–2020
The first portion of Algos on the market was distributed in an auction. The very first ALGO were selling at $2.16, the still unreclaimed ATH (June 21, 2019).
However, since the cryptocurrency market had a global consolidation, 2019 closed with ALGO at $0.22.
In 2020, it rose to $0.49 but then crashed to $0.14 at the onset of the pandemic. In July 2020, it managed to rise to $0.64 when Algorand 2.0 arrived.
It pumped only to drop back to $0.4, at which price it closed in 2020, too.
ALGO Price in 2021
In 2021 so far, Algorand has been showing positive results. Having started the year at $0.3 a piece, it rose to $1.75 on April 18, a yearly high.
The current (at the time of writing) price of ALGO is $0.8956. It ranks 40th according to CoinMarketCap with a market capitalization of $2,777,538,143.54.
What Influences the Price of ALGO?
Algorand 2.0, which introduced layer-one smart contracts, tokens and atomic transfers, caused a short-term surge in 2020. What do we have to be looking forward to in 2021?
The Algorand team managed to partner with enterprises that will be developing Skybridge, an Ethereum-Algorand bridge, and Algomint, digital asset minter. Interoperability and native functioning both can boost the usability of the platform.
DeFi in and of itself is already a use case for many blockchain platforms. The DeFi products bring a lot of applications with them to further increase the usability of each protocol.
A month ago, Balancer announced that their AMM will expand to non-Ethereum platforms, Algorand being one of them. For the Algorand ecosystem, they will become the first decentralized exchange.
Algorand is run by the Algorand Foundation, so most significant contributions would come from partnerships, as opposed to the community. And Algorand Foundation does exceedingly well to strike new partnerships every month.
For example, VitalPass, the project of Auna Ideas, tracks vaccination efforts in South America, and uses the Algorand blockchain. ANote’s Music Marketplace will use it in music distribution to help artists utilize NFTs.
With Osprey Fund Management, international investors have become able to gain exposure to the digital asset. And these are the use cases that emerged only in May!
Latest Twitter posts
$ALGO dropped 78% in march 2020 and soared 600% afterwards. Then, it dropped 72% and soared 749%.$ALGO just corrected 61% from the last top. A 600% rise from the recent low would take $ALGO to $4.80 and above. 🚀🚀🚀
— ValueVision (@realvaluevision) May 24, 2021
User ValueVision applies historical data to try to predict how this bull run will play out for ALGO. Their conclusion is that it can reach $4.80 and get closer to $5.
— Father ALGO (@father_algo) May 27, 2021
Another community member, Father ALGO, shared the Algorand news about a new partner. As they remind, more exposure to the asset helps users like themselves to join the cause.
— Dhaval DP (@iDhavalDP) May 25, 2021
Candles are not the only green ALGO holders like to see. The foundation pledged that the network will be carbon-negative starting this year as a result of the debate around the ecological impact of Bitcoin and cryptocurrencies.
Algorand Price prediction 2021
WalletInvestor Algorand Price Prediction 2021: $1.863
Even though the service itself gives a bearish signal to ALGO, they still consider it a worthy investment. The chances to fix above $1 are pretty high, and the 2021 closing price can be anywhere between $1.532 to $2.201.
Coinquora Algorand Price Prediction 2021: $10
Technical analysis from Coinquora team points at the chart avoiding all bear traps and shooting upward. At this rate, the $1.8 resistance will be broken and the rally has the potential to stretch to $10.
Algorand Price prediction in 2022–2024
WalletInvestor ALGO prediction in 2022: $1.530–4.476
What do WalletInvestor have to say about 2022? Their results show confidence in an ongoing uptrend. 2022 can open at $1.869 on average but closing price might land anywhere between $2.665 and $4.476.
DigitalCoinPrice ALGO price prediction in 2023: $1.9
DigitalCoinPrice are not as bullish, and as a result, their estimates are more moderate. In 2023, there won’t be much volatility, and average monthly prices will be around $1.57 to $2.07.
LongForecast ALGO prediction for 2024: $1.06–1.9
According to LongForecast, 2024 will not be the year of ALGO.
At that point in the future, it most likely will enter consolidation with a slow downtrend. The $1.49–1.90 price range in January 2024 will move downward in December to $0.91–1.13.
Algorand Price prediction 2025
RippleCoinNews ALGO Price Prediction 2025: $22
What do RippleCoinNews think about the future so far? While their reasoning stays more or less the same as with the rest of opinions, the long-term target is much higher: $22.
Among the factors that can affect the price they mention accessibility of markets and trading pairs.
DigitalCoinPrice Algorand Prediction: $2.69
As for 2025, in the DigitalCoinPrice projections, ALGO will continue to move upwards slowly. The average of monthly averages they give is $2.69, and the volatility can make it descend to $2.46 or rise to $3.10.
Coinpedia Algorand Prediction: $60
Coinpedia analysts assume that the development of the Algorand ecosystem will proceed as it has been going. In that case, the user base will grow enough to warrant ALGO per $60 a piece.
Algorand Price prediction 2030
Price predictions for ten years in advance can’t be very accurate but some analysts still try.
CoinPriceForecast thinks that it will take until 2030 for ALGO to gain +400% and be traded for $4.93. CryptocurrencyPricePrediction is way more positive about ALGO’s future and projects growth from $78.03 up to $96.20 in 2030.
ChangeHero Algorand price prediction
Summing all the opinions up, we can see that most of those bet on Algorand finding adoption with more users and products.
The team plans to release all their holdings in auctions or through grants by 2030, becoming more decentralized with each year. By that time, it gets more probable that the market will stabilize and price will be determined via trading.
With that in mind, until then it really depends on what Algorand Foundation does with the ecosystem and their share of the supply. Algorand looks best without their influence in the picture, and then it really can reach all the bullish targets mentioned above.
How to Buy Algorand?
You can do it on the ChangeHero website in a few steps:
- Choose your country, check the currency of purchase/selling and rate;
- Proceed and provide the blockchain address for purchase or. Check the Terms of service before finalizing the transaction;
- Verify your phone number, email address and ID details. Next, provide the information of the bank card. If you are selling, you would also need to choose refund options and transfer crypto to the generated address;
- Go through the KYC procedure to finalize verification;
- And from here on, our partner processes the purchase.
How to Exchange Algorand Instantly on ChangeHero?
- Choose the currencies on the home page, amounts and the type of exchange. Provide your wallet address in the next step and check the amounts;
- Send in a single transaction the sum of cryptocurrency you will be exchanging. Fixed Rate transactions have a 15-minute limit;
- All done? Now we are doing all the work: checking the incoming transaction and doing the exchange as soon as it arrives.
- The Best Rate transactions will use the rate current to the time when your funds arrive.
- The Fixed Rate will use the rate at the time of step 1;
- As soon as the exchange has been processed, your ALGO is on the way to your wallet.
The customer support is here for you 24/7 in the chat on the website or through the email: [email protected].
Is Algorand the best blockchain? When it comes to the tech, it might as well be the best in terms of balance.
Algorand contributes real value to the cryptocurrency market. Their foundation and ongoing development are consistently solid but some users are still unsure whether ALGO really is perfectly decentralized because of the Algorand Foundation.
What do you think? Is the Algorand Foundation building the future or holding it back?
Frequently Asked Questions
What is Algorand used for?
Algorand can fit many use cases, from DeFi applications to chain supply tracking and data storage. Since it supports smart contracts and tokens, it can see as many uses as Ethereum or any other decentralized computing platform.
Is Algorand worth investing in?
Most analysts agree that Algorand is a worthwhile investment, especially in the long-term.
Does Algorand have a future?
At the rate the ecosystem and community grow, the future of Algorand is indeed bright, as most analysts conclude.
Is Algorand a good investment in 2021?
Experts are split on whether Algorand is an investment which is optimal for the short term. Nonetheless, almost all predictions are bullish.
How much will Algorand be worth in 2025?
According to some forecasts, ALGO can be worth anywhere between $2.69 to 60.
How much will Algorand be worth in 2030?
According to some forecasts, ALGO can be worth anywhere between $4.93 to $96.20.
This article is not a piece of financial advice. No price prediction is guaranteed to provide exact information on the future price.
When dealing with cryptocurrencies, remember that they are extremely volatile and thus, a high-risk investment. Always make sure to stay informed and be aware of those risks. Consider investitions in cryptocurrencies only after careful consideration and analysis and at your own risk.