Algorand Price Prediction 2024, 2025, 2026 – 2030: Will ALGO Price Shoot Beyond $0.30 This Year?

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 20% drop in the first and the bullish failure to sustain the psychological mark of $0.20 set a bearish tone for Algorand’s price prediction in early 2024.

The ALGO coin price remains a highly undervalued crypto, trading at a huge discount of 94% from its all-time high of $3.28. Considering the Bitcoin halving kicks start a new bull run in altcoins, Algorand has huge upside potential in 2024.

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, dive deep into our Algorand price prediction for 2024 – 2030 to explore these captivating topics thoroughly. Join us as we chart the ALGO price trajectory for 2024 – 2030 and beyond.

Read on ahead to find out if Algorand is ready to shoot to the MOON!

Algorand Live Price Chart

Here is the ALGOUSDT Price Chart, which you can rely on to identify any fluctuation.

Notably, over the past 24 hours, ALGO witnessed a 6.90% change, hitting a peak of  $ 0.1791 and a low of  $ 0.1593

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Overview

Cryptocurrency	Algorand
Token	ALGO
Price	$ 0.17614343 6.90%
Market cap	$ 1,432,074,684.4325
Circulating Supply	8,130,162,198.2956
Trading Volume	$ 70,650,314.8294
All-time high	$3.28 Jun 21, 2019
All-time low	$0.0958 Jun 10, 2023
24 High	$ 0.1791
24 Low	$ 0.1593

ALGO Price Prediction April 2024

With a cup and handle pattern breakout, the ALGO price trend projects a reversal rally as the overall market remains optimistic. However, the breakout rally fails to exceed the overhead supply zone at the $0.30 psychological barrier.

Nevertheless, the breakout rally exceeds the 50W dynamic resistance and sustains above the $0.20 mark. Currently, the pullback retests the broken neckline and offers a buy-the-dip opportunity with high chances of post-retest reversal.

If the uptrend regains momentum, the altcoin could hit the $0.30 mark again this month.

ALGO Crypto Price Prediction 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. The platform is projecting improvements in community building. These developments might skyrocket to occur before the Bitcoin halving event. As a result, the upcoming altcoin season in the coming year is predicted to be profitable for Algorand.

If the crew behind the platform employs developmental and community-building initiatives amidst Bitcoin’s halving event. A plausible bull run will supplement the escalating prominence of the altcoin. 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 Prediction 2026 – 2030

ALGO Price Prediction 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 Price Prediction 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).

ALGO Price Prediction 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 Price Prediction 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.  

Historical Market Sentiments 2019 – 2024

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