Algorand Price Prediction 2024, 2025 – 2030: Will ALGO Price Hit $0.30?

The post Algorand Price Prediction 2024, 2025 – 2030: Will ALGO Price Hit $0.30? appeared first on Coinpedia Fintech News

Despite a strong end to 2023 by making a 127% jump in the last quarter, the ALGO price trend fails to enter 2024 on a bang. The ALGO coin price remains a highly undervalued crypto, trading at a huge discount of 94% from its all-time high of $3.28.

Therefore, despite a 25% overall return in 2023, Algorand is a viable investment option amongst altcoins. This leads to the pressing question: “Will Algorand fail?” or “Can Algorand reach $100?” or “Is ALGO a good investment to add to your crypto portfolio?”

To find answers to such questions, Join us as we chart the ALGO price trajectory for 2024 and the year to come.

Overview

Cryptocurrency	Algorand
Token	ALGO
Price	$ 0.15468692 0.79%
Market cap	$ 1,279,871,831.4655
Circulating Supply	8,273,950,159.9463
Trading Volume	$ 160,313,657.1292
All-time high	$3.28 Jun 21, 2019
All-time low	$0.0958 Jun 10, 2023
24 High	Coming soon
24 Low	Coming Soon

Algorand Price Projection November 2024

The ALGO price has surged 4.19% in the past 24 hours with a trading volume of $159.76 million. Moreover, it has added 28.12% over the past week. With a market capitalization of $1.300 billion, it has secured the 65th position in the global crypto list.

If the market continues gaining momentum, the Algorand price will test its resistance level of $0.1975 this month. Conversely, if the bears regain power, the altcoin could plunge toward its low of $0.1075 in the coming time.

ALGO Crypto Price Target 2024

The number of ALGO coin holders seems to increase, however, the average balance continues to decline, reflecting a weakness in support from the market. Positively, the upcoming altcoin season in the coming year is predicted to be profitable for Algorand.

In such an optimistic scenario, the ALGO price could surge as high as $0.32 by the end of 2024. Conversely, factors like regulatory clampdowns and stiffer competition might curb the price projection to a minimum of $0.10. That said, the regular price might land at $0.21.

Algorand Price Prediction 2025

In the coming 2 years, the ALGO community might attract more users, and the network may power many projects and startups. These developments will definitely help increase demand for ALGO crypto.

In 2025, the ALGO coin is projected to reach a potential high of $0.39727, with a low of $0.1523 and an average of $0.274785.

Algorand Price Targets 2026 – 2030

Algorand (ALGO) Price Forecast 2026

Moving forward to 2026, there is potential for the ALGO coin to reach a high of $0.9498, with a low of $0.268 and an average of $0.6089.

ALGO Coin Price Projection 2027

Looking ahead to 2027, the potential price range for ALGO coin is estimated to be around $1.527 (high), $0.774 (low), and $1.1505 (average).

Algorand Crypto Price Action 2028

In 2028, there is potential for the ALGO coin to reach a high of $1.98, with a low of $1.015 and an average of $1.4975.

ALGO Token Price Analysis 2029

Moving into 2029, the projected potential price range for ALGO coin is approximately $2.5988 (high), $1.6742 (low), and $2.1365 (average).

ALGO Price Prediction 2030

Looking towards 2030, there is potential for the ALGO coin to reach a high of $3.1756, with a low of $1.8476 and an average of $2.5116.

Market Analysis

CoinPedia’s Algorand Price Prediction

As per Coinpedia’s Algorand Price Prediction, the forecast for the Algorand network is optimistic for the coming years. In early 2024, it has a bearish influence, but the ALGO coin price might skyrocket further in 2024. 

If the network maintains the staggering growth,  the ALGO coin price may reach $0.32 by the end of 2024. Conversely, if the network fails to expand, then the price can flip into a bearish trap and dip to $0.10. 

We expect the ALGO price to create a new 52W high of $0.32 in 2024.

Algorand Historic Price Performance

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