Algorand is a network based on the next generation of blockchain technology called blockchain 3.0. It comes with many benefits and solves many problems of Bitcoin including scalability, security, and decentralization.
If you are interested in Algorand, then you might be willing to know about its future. Well, if you will look at its chart, you will find it pretty red, showing the bearish movement from the last some months. However, it still has a chance to rise because, in mid of 2019, it touched $2.16, which has given insane returns to its clients.
Historical Price of Algorand
In the current scenario, Algorand is ranked 29 among all the thousands of cryptocurrencies. Current Algorand price is $0.177576. It has a total circulation of 7.13 billion with a market capitalization of $1.283 billion. In the past 24 hours, it got decreased by 12.24%. However, it has shown a negative movement of 17.43 percent in the last seven days.
In the last 30 days, the price of Algorand has decreased 39.15%, and it’s more than 85.48% down in the last year. From September 2019 to January 2020, the ALGO coin maintained its price between $0.20 to $0.22. In February of the same year, it showed a bullish move and reached $0.5, but unfortunately, it dropped significantly to $0.1013 in the next two weeks.
However, at the start of 2021, when all the cryptocurrencies were touching their all-time high, Algorand has also shown huge prizes up and reached its all-time high of $2.8225 at the end of 2021. But again, in 2022, after the crash of the crypto world, Algorand has shown negative movement, and it's continued falling from that period.
Predicted Price for Algorand
Everyone knows that the crypto market is highly volatile and almost impossible to predict. As a result, the predictions for the crypto world are often proved wrong. Therefore, you should only invest after researching the coin properly and always invest the amount you are ready to lose.
2023
Algorand is putting all its effort into becoming stable. According to Cryptocurrency experts, when the market starts recovering, the maximum price of ALGO coin in 2023 will reach upto $0.323236. On the other hand, in case the market continues falling, its price can reduce upto $0.215491, and it will get stable at the price of $0.269363.
2024
As many sectors of the economy are starting to accept Cryptocurrency as a medium of exchange, we can expect massive returns in coming 2024. Analyst state that the maximum price of ALGO will reach $0.682387, and its average price will remain around $0.628514. While in the bearish market, it can go down upto $0.574642.
2025 to 2030
Coming in years will be great for the invertors of Algorand, as its maximum and minimum price will be $1.71 and $1.65, respectively. At the current time, Algorand is a smart investment because if you buy ALGO coin now, you will be in profit even if the market is in a downtrend.
Conclusion
One can easily earn significant returns from the crypto market if one invests the amount after researching properly. According to Algorand forecast, its price will increase in the coming years, but you should not trust these predictions blindly.
...............................................................................If you want to know what the price of Algorand will be within the next ten years, our Algorand Forecast forecast can give you a really good idea of what to expect, you can check the link below or enter our chat rooms and talk with crypto enthusiasts and traders.