Algorand Price Prediction: How Much Will ALGO be Worth in 2021 and Beyond?
Will Algorand (ALGO) go up or crash? Read our Algorand Price Prediction 2021 – 2025
On the hunt for Algorand predictions? Or have you been struggling to answer the question ‘is Algorand a good investment?’ Read on. Find out the top Algorand ALGO Price prediction forecast for 2021 and beyond and discover how much ALGO could be worth.
First launched in June 2019, Algorand (ALGO) is a blockchain-based network that can handle around one million transactions a day. At the time of writing, ALGO has a price of around $2 and a market capitalization of $11B. This makes it the world’s 18th largest cryptocurrency. But is Algorand a good investment?
Although Algorand was caught up in the market-wide bull run of 2021, it only recently returned to levels close to when the coin was launched in 2019. However, after recently exceeding its all-time high (ATH), we could see the coin move far beyond its current price. The asset reached its top price of $3.28 on the 21st of June 2021.
If you’re wondering whether Algorand is a smart addition to your portfolio, read on. In this article, we’ll share some of the top Algorand price predictions for 2021-2025. We’ll also explain what exactly Algorand is, how it works, and how you can start trading it today.
According to the recent long-term forecasts, the price of Algorand could hit $3.60 by the end of 2021, $7 by the end of 2022 and $11 by the end of 2025. Algorand (ALGO) could rise to $28 in 2027, and $88 in 2030.
- What Is Algorand And How Does It Work?
- Short Term Algorand (ALGO) Price Predictions
- What Will Happen To The Price Of Algorand (ALGO) In 2021?
- Long Term Algorand (ALGO) Price Predictions: 2022-2025
- What Will Happen To The Price Of Algorand (ALGO) In 2025?
- Trading Education Algorand Price Predictions
- Conclusion: Algorand (ALGO) Price Prediction Forecast
- How Has the Price Of Algorand (ALGO) Changed Over Time?
- What Factors Can Affect The Price Of Algorand (ALGO)?
- Is Algorand (ALGO) A Good Investment?
- Key Points
- eToro – Best Platform To Buy Algorand
What is Algorand and How Does it Work?
Algorand is described as a self-sustaining blockchain network and public cryptocurrency protocol. It was designed by Silvio Micali, a professor of computer science at the Massachusetts Institute of Technology (MIT). In 2012, he received the Turing Award for his contributions to secure cryptocurrency protocols. According to CoinMarketCap, this makes him one of the most prestigious crypto creators in the world.
Algorand was designed to improve the efficiency of blockchain transactions. While it takes around 10 minutes to add a new block to the Bitcoin blockchain, Algorand can process a staggering 1,000,000 transactions every day, which works out to around 1,000 every second. This means it can offer much lower transaction fees than other networks.
The cryptocurrency has a two-tier structure and is based on a permissionless proof-of-stake (PoS) protocol. Unlike a proof-of-work (PoW) protocol, which is much less efficient, a PoS protocol enables users to stake reserves of their cryptocurrency as collateral to verify new blocks.
The native cryptocurrency token of the Algorand platform is the ALGO coin. ALGO can be used to make instant online purchases or to pay transaction fees within the network. When the network launched in June 2019, 10 billion ALGO coins were minted. This is a fixed amount that should be fully distributed by 2030.
But does Algorand have a future? If you’re wondering whether this crypto is a good investment, you’re in the right place. We’ve compiled some predictions for the price of Algorand. We’re taking a look at the short and long-term prospects for this asset, attempting to answer the questions ‘will Algorand go up?’ ‘is Algorand a good investment in 2021?’ Keep reading to discover some of the key ALGO price predictions for 2021 and beyond.
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Short Term Algorand (ALGO) Price Predictions
Algorand ALGO price prediction for 2021
What are crypto experts forecasting for Algorand in 2021? Well, 2021 has been a particularly volatile year for the cryptocurrency market. We’ve seen the world’s second (and biggest) bull run, followed by a series of steep crashes that knocked billions off the market. After so much uncertainty, what’s next for the price of Algorand in 2021?
According to WalletInvestor, the outlook is bright with ALGO potentially exceeding its current ATH in the next 12 months.
By the end of 2021, the platform thinks the price of Algorand (ALGO) could be worth a maximum of $2.576, a minimum of $2.066 and an average price of $2.330.
WalletInvestor’s technical analysis suggests ALGO could gradually surpass $3 and there might be some volatility as it tries to solidify its position in the months after with highs that might reach past its current ATH. This is good news for anyone worried that the latest bull run will replicate the same pattern as the one we saw back in 2017-18 — which was followed by a crash from which many cryptos have only recently recovered.
The Economy Forecast Agency is a lot more optimistic. Its technical analysis paints a very different picture. The platform believes that Algorand will likely continue to climb and could even retest its current ATH by October and shoot far beyond it by the end of 2021 with November being ALGO’s best month ever.
Algorand (ALGO) Price Forecast in 2021
The Economy Forecast Agency believes the price of Algorand (ALGO) will follow a bullish trend and could reach a maximum of $4.24 in November 2021. Their analysis predicts that October will close at $3.41, which is already above ALGO’s ATH. Though they expect a slight decline by December, it is an exceptional performance.
Gov Capital’s predictions are a little higher than WalletInvestor’s. According to Gov Capital’s short-term forecast, Algorand could close 2021 at a maximum of $2.541 or a low of $1.878 and have given ALGO an average price of $2.210. But this is not the highest Gov Capital expects ALGO to reach, estimating $2.630 in late December.
Although this will be followed by a sharp drop at the start of 2022 (which could see the price of ALGO fall to $1.9227), Gov Capital has given a much higher prediction for next year (which are more similar to The Economy Forecast Agency’s predictions for December 2021). This suggests that Algorand’s long term prospects are stronger than its short-term forecasts could indicate.
What Will Happen to the Price of Algorand (ALGO) in 2021?
Short term predictions have given us a fractured understanding of where Algorand (ALGO) could go in 2021, however, the direction is positive. WalletInvestor and Gov Capital are more cautious, suggesting highs between $2.50 and $2.60, while The Economy Forecast Agency boldly believes that prices up to $4.24 could be possible.
Will the Price of Algorand (ALGO) Go Up in 2021?
The price of Algorand (ALGO) may go up in 2021, although not all short-term predictions agree. The asset’s potential top price is $4.24 (The Economy Forecast Agency), and its potential minimum price is $1.778 (WalletInvestor). That means we could see a range of almost $2.50 over the next few months — a big margin considering ALGO’s ATH is $3.28.
Additional predictions for the price of Algorand (ALGO) in 2021 include:
- DigitalCoin: $3.62
- Trading Beasts: $3.47479
- Coin Price Forecast: $4.16
- Cryptocurrency Price Prediction: $3.17
- Price Prediction: $2.59
- Coinskid: $2.63
- Cryptoground: $1.399
- Coinpedia: $3.052
- CryptoNewsZ: $2.40
So, is Algorand a good investment in 2021?
Short-term price predictions for Algorand (ALGO) suggest the asset could be a rewarding investment in 2021. The majority of predictions estimate that ALGO will close 2021 at a higher price than its current value, which should be a reassuring sign to investors.
Long Term Algorand (ALGO) Price Predictions: 2022-2025
What are crypto experts forecasting for Algorand in 2022 and beyond?
After the uncertainty of 2021, what’s next for the price of Algorand? Let’s take a closer look at some of the long term ALGO price predictions to see what could happen to the asset in 2022-2025 (and beyond).
Unlike some of the other crypto predictors, DigitalCoin believes that Algorand ALGO will reach $3.57 by the end of 2021. Its long-term predictions suggest this growth will continue, taking the token to a top price of $6.64 by 2025, more than twice its current ATH. This steady growth rate is an encouraging sign after the volatility of the past six months.
As we can see from the chart above, DigitalCoin expects Algorand to see low levels of volatility and progressively rise in value.
According to its technical analysis, the price of Algorand will follow a bullish trajectory over the next 10 years, hitting the following milestones on its way:
- 2021: $3.57
- 2022: $4.07
- 2023: $4.68
- 2024: $5.38
- 2025: $6.64
- 2026: $7.63
- 2027: $8.46
- 2028: $9.71
- 2029: $12.25
- 2030: $16.95
DigitalCoin believes ALGO could be worth $9.71 by 2028, which suggests we could see prices beyond $10 by 2030. This is good news for anyone who’s wondering ‘what will Algorand be worth in 2030?’ That means the long-term prospects of Algorand seem strong — even if its short-term prospects are potentially a little shakier.
DigitalCoin forecasts Algorand’s price will reach a maximum of $3.62 in 2021, rising to $4.36 in 2022, $5.11 in 2023, $6.19 in 2024, and an impressive $7.67 in 2025.
Coin Price Forecast has given a very similar prediction to DigitalCoin for the next few years, albeit a little more cautious. Like DigitalCoin, it believes we could see a new ATH before the end of 2021 and by 2030 prices will get close to $10, which is a little behind DigitalCoin which makes similar estimates for 2028.
According to Coin Price Forecast, the maximum prices Algorand will be valued at are $4.16 in 2021, $4.01 in 2022, $5.79 in 2023, $7.52 in 2024, $8.04 in 2025, $9.23 in 2026, $8.81 in 2027, $8.90 in 2028, $9.90 in 2029, and $9.39 in 2030.
Algorand (ALGO) Price Prediction Forecasts In 2021 - 2033
According to the table above, Algorand could see very low levels of volatility in the next decade. Coin Price Forecast’s analysis shows that ALGO will increase in price year-on-year with some minor setbacks along the way, but ultimately the picture is very bullish. This slow and steady growth suggests we won’t see a serious crash that will undo the progress the asset made this year.
True to form, Cryptocurrency Price Prediction — which is very optimistic about the future of cryptocurrency — has given the highest Algorand price prediction. Not only does the platform believe the price of ALGO will reach a new ATH by February 2022, but it also thinks Algorand will break the $10 barrier before 2025.
Algorand (ALGO) Price Prediction Forecast in 2022
Algorand (ALGO) Price Prediction Forecast in 2025
This growth rate is high, but it wouldn’t be unprecedented. Between the end of January and 12th February 2021, the price of Algorand rose from $0.6409 to $1.6697 — an increase of over $1.20 in less than two weeks. If ALGO were able to sustain this over the next five years, then Cryptocurrency Price Predictions forecast could be accurate. But considering its performance since June 2019, this seems unlikely. Only time will tell for sure.
As a long-term investment, it projects that Algorand could perform extremely well. According to its predictions, the value of the Algorand ALGO token could rise to $2.99 by the very end of 2021, rising to $4.78 in 2022, and achieving a top price of $19.14 by 2025.
What Will Happen to the Price of Algorand (ALGO) in 2025?
By 2025, the price of Algorand could reach anything from $6.83 and $19.14.
This is a huge margin, especially given ALGO’s historically low price. While all three long term predictions suggest the asset will see low levels of volatility between 2022 and 2025, some expect volatility levels to increase in the run-up to 2030.
Will the Price of Algorand (ALGO) Go Up in 2025?
Yes, it seems probable that the price of Algorand (ALGO) will go up in 2025.
Although the platforms disagree when it comes to the Algorand crypto’s growth rate, all three expect it to gain value over the next four years. By 2022, ALGO could be worth almost $7 at the highest by the end of 2025.
Additional predictions for the price of Algorand (ALGO) in 2022, 2023, 2024, and 2025 include:
Algorand expert predictions 2022:
- WalletInvestor: $3.605
- Trading Beasts: $3.52793
- The Economy Forecast Agency: $7.60
- Price Prediction: $4.12
- Coinskid: $4.68
- Cryptoground: $1.912
- Coinpedia: $6.853
- CryptoNewsZ: $4
- Gov Capital: $4.3493
Algorand expert predictions 2023:
- WalletInvestor: $4.888
- Trading Beasts: $3.52719
- The Economy Forecast Agency: $9.33
- Price Prediction: $6.02
- Coinskid: $5.50
- Cryptoground: $2.423
- Coinpedia: $10.853
- CryptoNewsZ: $4 to $5
- Gov Capital: $6.86205
Algorand expert predictions 2024:
- WalletInvestor: $6.320
- Trading Beasts: $3.42481
- The Economy Forecast Agency: $11.02
- Price Prediction: $9.09
- Coinskid: $6.91
- Cryptoground: $2.607
- CryptoNewsZ: $5.5
- Gov Capital: $9.79685
Algorand expert predictions 2025
- WalletInvestor: $7.825
- The Economy Forecast Agency: $8.71
- Price Prediction: $13.47
- Coinskid: $7.78
- Cryptoground: $3.009
- CryptoNewsZ: $6.5
- Gov Capital: $13.29515
Trading Education Algorand Price Predictions
Now that we’ve seen what many of the top price forecasters predict for Algorand for the next few years, let’s sum them up and figure out for ourselves where the price of ALGO is likely to go.
As you can see, some are very bullish while others tend to be cautious and conservative. This may give a very divisive picture of the future, but actually, it is good to have a variety of predictions to help us see the potential ups and downs better.
Algorand (ALGO) Price Prediction 2021
Algorand price is expected to trade with bullish momentum and head towards $3 towards the end of 2021. As per the Algorand price prediction 2021, the price of Algorand (ALGO) might trade above $3.30 by the end of year. The predicted high for 2021 might be around $3.60, and on the downside, the low might be around $2.20.
In 2021, the price of Algorand will likely retest its current ATH and even reach highs of $3.40 or $3.60. In extreme cases, it could push to highs over $4 and at the lowest, it could struggle to bypass $2.40.
Algorand (ALGO) Price Prediction 2022
For 2022 Algorand forecast, the ALGO price is predicted to cross the $4 mark price by the end of 2022. The predicted high for 2022 might be around $6.70 and on the downside, the low might be around $2.
Moving on to 2022, expert price predictors believe Algorand could be on the verge of surpassing $4 for good. The highest predictions place ALGO at $6 or even $7. The lowest price predictions see ALGO struggling with $1.90.
Algorand (ALGO) Price Prediction 2023
As per experts, the price prediction of Algorand (ALGO) might continue the gradual upward trend. And as per our data, by the end of 2023, it would be able to cross the $6 mark. The predicted high for 2023 might be more than $6.5, and on the downside, the low might be around $2.50.
Several predictions place ALGO between $4 and $5 with more bullish estimates placing it at $6. Further afield, there are also predictions of $9 to $10 and at the low end, predictions of $2.40.
Algorand (ALGO) Price Prediction 2024
As per the Algorand price prediction for 2024, the price might reach $8 by the very end of 2024. As per our predicition and price forecast, the predicted high for 2024 might be around $8.60, and on the downside, the low might be around $2.85.
Price predictions continue to be very erratic for Algorand. There is some consensus around $9 being a possibility or even $11 at the highest by 2024. But elsewhere, more conservative predictions believe $6 is more likely, and at the low end, ALGO could still be struggling past $2.60.
Algorand (ALGO) Price Prediction 2025
As per our Algorand price prediction 2025, the coin might be able to touch the $10 price mark on the upside, while on the downside, it might fall up to $3.80. As per our ALGO price prediction and forecast update, the currency price might trade around $11.95 by the end of 2025.
Algorand (ALGO) Price Prediction 2027
The top price predictions for Algorand in 2027 foresee ALGO dominating above $13.30 for most of the year. If the coin does well, experts seem to suggest that a push to $14 could be possible.
Algorand (ALGO) Price Prediction 2030
As per our Algorand price prediction 2030, the coin might be able to touch the $20 price mark on the upside, while on the downside, it might fall up to $6.5. As per our ALGO price prediction and forecast update, the currency price might trade around $19.50 by the end of 2030.
Conclusion: Algorand (ALGO) Price Prediction Forecasts
The below prediction figures outline some of the Potential high and low of Ripple (XRP) price prediction forecasts in 2021, 2022, 2023, 2024 and 2025 offered by technical analysts and industry experts.
Would you consider buying ALGO?
How Has the Price of Algorand (ALGO) Changed Over Time?
Since Algorand came to the market in June 2019, its price has remained relatively underwhelming. Despite the expectations set by its hugely successful ICO (initial coin offering), the price of ALGO fell sharply in its first couple of months, slipping from its ATH of $2.159 to just $0.5577. It spent the majority of the next few years under $0.5 — and it wasn’t until the latest bull run that its price began to climb significantly.
As we can see from the graph above, which comes from CoinMarketCap, Algorand has only recently caught up with its price two years ago when it was first launched. During the 2021 bull run, its price maxed out at $1.7124 in February, before undergoing a series of peaks and troughs until the market slowed down in May. While it did well, it was only after the bull run, on the 21st of June, that ALGO reached its current ATH of $3.28.
What Factors Can Affect the Price of Algorand (ALGO)?
Various factors can affect the price of cryptos such as Algorand. If you’re looking for the top Algorand price predictions for 2021-2025, monitoring the key cryptocurrency trends is a great way to pre-empt potential price changes. Below, let’s take a look at some of the main factors that can affect the value of ALGO.
Supply and Demand
The relationship between supply and demand is the biggest factor that determines the price of any asset, including Alogrand. If the supply of a currency exceeds the demand, the price will fall. If the demand exceeds the supply, the price will increase.
As we mentioned at the start of this article, there is a total supply of 10 billion ALGO coins. To make the crypto more scalable, the release of these tokens has been staggered over a ten-year period, ending in 2030. While many cryptocurrencies are expected to see high levels of volatility when their total supply enters circulation, the controlled nature of ALGO’s release is designed to protect it from excess fluctuations, extreme (and unsustainable) bull runs, or crashes.
The Success of DeFi
The Algorand network has been built to support the launch of new DeFi cryptos (decentralized finance). DeFi has become increasingly popular over the last couple of years, as demand grows for financial services that aren’t linked to a centralized body such as a bank or big business.
Algorand was created to help build “a world where everyone creates and exchanges value efficiently, transparently, and securely”. To this end, the blockchain platform supports the launch of new DeFi apps and services. The first DeFi suite that was developed on top of the Algorand blockchain was Yieldly Finance - a software that will enable people to implement staking and other social reward systems within the other dApps (decentralized apps) that are hosted on the Algorand network. It also enables cross-chain exchanges between Algorand and Ethereum.
Yieldly Finance was launched via an ICO in May 2021. As the demand for DeFi services continues to grow, Algorand is ideally positioned to take advantage of this sector. That means we could see the price of the ALGO token, which powers transactions on the network, start to increase.
Don't Miss: Pros and Cons of Investing in Algorand
Is Algorand (ALGO) a good investment?
Algorand has proven to be a very good investment so far, with the price expected to increase further in the long run. According to experts, the value of ALGO looks bright and Algorand might prove to be a wise investment.
Algorand is a high-risk investment with a highly rewarding investment. It’s something you should definitely do some research before you consider adding ALGO coin to your list.
The short- and long-term predictions don’t offer much common ground, however, they all do suggest that ALGO will likely continue to grow in price.
Check Out: Will Algorand Make Me Rich in 10 Years?
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- First launched in June 2019, Algorand (ALGO) is a blockchain-based network that can theoretically handle around one million transactions a day.
- ALGO’s current ATH is $3.28, which it hit on the 21st of June 2021.
- By the end of 2021, WalletInvestor thinks the price of ALGO could be worth a maximum of $2.576.
- The Economy Forecast Agency is optimistic that ALGO could close the year at $3.77 after reaching a high of $4.24 in November.
- According to Gov Capital, ALGO could close 2021 at a maximum of $2.5415 or a low of $1.8785.
- By 2025, DigitalCoin thinks Algorand could reach an average price of $6.64, meanwhile, Coin Price Forecast believes Algorand could be worth $8.04 by 2025.
- Cryptocurrency Price Prediction has given the highest forecast by far, expecting Algorand to be worth almost $19.14 by December 2025.
- Factors that can affect the price of ALGO include the relationship between supply and demand and the rise of decentralized finance (DeFi) services.
Is Algorand A Good Crypto?
Based on its scalability and security, Algorand is widely considered a good crypto with excellent credentials. It was developed by Silvio Micali, an MIT professor who won the Turing Award for contributions to cryptocurrency in 2012.
Does Algorand Have A Future?
Algorand likely has a bright future. After a few years of underwhelming progress, Algorand may have a bright future with a strong bullish trend emerging in 2021. Several top price forecasters believe that Algorand will retest and likely surpass its ATH in the coming years.
Will Algorand reach $100?
It’s unlikely that Algorand will reach $100 soon. For Algorand to reach $100, its market cap would have to be around $280 billion. Its current market cap is $11 billion — so this growth rate would need to be very extreme. The highest price prediction for ALGO at this point is $88 by 2030.
Is Algorand Safe?
Yes, Algorand is viewed as a safe cryptocurrency. According to Algorand: “security against attacks at both the consensus protocol level and the network level—all while protecting the safety of individual users accounts”.
As an investment, Algorand is also seen as safe despite its poor performance over the last two years largely because of its recent performance, scientific backing, and positive outlook.
Is Staking ALGO Profitable?
Yes, staking ALGO is profitable, and many people make ALGO passively staking it. If you had 100 ALGO (approximately $206.90), you could earn approximately 0.106460 ALGO per week, 0.456257 ALGO per month or 5.551137 ALGO a year according to AlgoExplorer’s rewards calculator.
What Is The Future Of Algorand?
The price of Algorand will continue to be driven by DeFi in the coming years which has grown tremendously in 2020 and 2021. Algorand also stands a chance of outpacing proof-of-work cryptos where investor interest is waning in favour of more efficient proof-of-stake cryptos, like ALGO.
Algorand will likely beat its current ATH of $3.28 by some point in 2022 and could trade at $10 between 2025 and 2030.
Who Uses Algorand?
Some of Algorand’s most prolific users include Circle, Tether, the Marshall Islands, StakerDAO, Ledger, and Chainalysis among others according to Algorand’s case studies.