- ALGO’s price hit an all-time low of $0.08761 in mid-2023 after prolonged downtrends.
- Analyst The Cryptomist projects ALGO could reach $0.40 after recovering from current lows.
- ALGO’s bullish price forecast for 2025 ranges from $0.08 to $5.00, driven by BTC halving hype.
Algorand (ALGO) Overview
| Cryptocurrency | Algorand |
| Ticker | ALGO |
| Current Price | $0.2418 |
| Price Change (30D) | -36.92% |
| Price Change (1Y) | +17.48% |
| Market Cap | $2.04 Billion |
| Circulating Supply | 8.46 Billion |
| All-Time High | $3.28 |
| All-Time Low | $0.08761 |
| Total Supply | 10 Billion |
What is Algorand (ALGO)?
Algorand (ALGO) is a high-performance blockchain designed to solve the blockchain trilemma—security, scalability, and decentralization—without compromise. Founded by Silvio Micali, a renowned cryptographer and Turing Award winner, Algorand operates on a Pure Proof-of-Stake (PPoS) consensus protocol.
This system ensures fast transaction finality, high throughput, and low fees, making it energy-efficient and suitable for various applications. Unlike traditional Proof-of-Work blockchains, Algorand’s protocol randomly selects block proposers and voting committees from token holders, ensuring fairness, transparency, and decentralization.
The platform’s native currency, ALGO, is key in network operations. Holders can participate in block proposals and validations while paying minimal transaction fees of just 0.001 Algos. With block finality achieved within seconds, Algorand processes over 10,000 transactions per second, outpacing many competitors.
Moreover, its open-source nature fosters transparency, allowing global participation and decentralized governance through the Algorand Foundation. Not to leave out, the excitement surrounding Algorand’s future price prediction stems from its robust technology and expanding ecosystem.
Its ability to handle 25,000 transactions per block and zero forking possibilities ensures network stability, making tokenization and decentralized application (dApp) development appealing.
Besides, Algorand’s focus on continuous improvement and global decentralization could greatly influence ALGO’s market performance. In this CryptoTale price prediction article, we explore Algorand’s (ALGO) future and how its technology could shape its market outlook.
Algorand Price History
Algorand (ALGO) has experienced heightened price fluctuations since its launch. Shortly after its debut in mid-2019, ALGO surged to an all-time high (ATH) of $3.28. However, the token quickly faced a sharp decline, plummeting over 96% to around $0.10 by mid-2020.
From mid-2020 to early 2021, ALGO consolidated between $0.10 and $0.55, establishing a strong support base. As the broader crypto market rallied in 2021, ALGO soared to a secondary peak of approximately $2.84, marking over a 2,700% increase from its consolidation low.
Source: TradingView
Despite the surge, the token fell short of retesting its ATH, encountering resistance that led to another market correction. Following its 2021 peak, ALGO entered a prolonged downtrend, forming a descending channel characterized by lower highs and lower lows. By mid-2023, it hit an all-time low (ATL) of $0.08389, marking a 97% decline from its secondary peak.
Since then, the token has traded within a consolidation range of $0.08 to $0.45, reflecting indecision among market participants. The current range-bound movement suggests the market is awaiting a decisive breakout.
A breakout above the $0.61 resistance zone could signal the start of a bullish reversal, driving prices toward the 23.60% Fibonacci retracement level at $0.83786. Conversely, a drop below the all-time low (ATL) could open the door to further downside pressure.
Analyst Forecasts ALGO to Hit $0.40
The Cryptomist, a market analyst, has shared insights on Algorand (ALGO), highlighting crucial price movements. According to the analysis, ALGO consolidates within a descending structure while gradually approaching key resistance levels. The analyst anticipates a dip to $0.24 before a possible recovery toward the $0.40 mark.
The chart shows that ALGO is currently hovering around $0.2631, near a crucial horizontal support zone. This support has been tested multiple times, emphasizing its importance in preventing further downside. Analyzing the chart further, the descending trendline from previous highs indicates persistent selling pressure.
Despite the bearish structure, the consistently higher lows suggest buyers are attempting to regain control. If ALGO revisits the $0.24 level as projected and holds, it could set the stage for a rebound toward the upper resistance trendline near $0.40. However, a decisive break below support may expose the token to lower price levels.
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Yearly Highs and Lows of Algorand
| Year | Algorand Price | |
| High | Low | |
| 2024 | $0.61316 | $0.09447 |
| 2023 | $0.29868 | $0.08761 |
| 2022 | $1.84451 | $0.15998 |
| 2021 | $2.84644 | $0.33246 |
| 2020 | $0.76062 | $0.10084 |
| 2019 | $3.28 | $0.16500 |
Algorand Technical Analysis
The MACD and RSI indicators on Algorand’s (ALGO) monthly chart reflect mixed signals, highlighting cautious optimism and underlying weakness. For instance, the MACD line stands at 0.02204, slightly outpaces the signal line at -0.05711, suggesting a bullish crossover occurred in recent months. This crossover often indicates a potential trend reversal to the upside.
Additionally, the MACD histogram shows positive momentum building, with green bars emerging after an extended bearish phase, aligning with ALGO’s recent price attempt to rebound from lower levels. Conversely, the RSI (Relative Strength Index) reads 47.09, hovering just below the neutral 50 mark, suggesting indecision in market momentum.
Source: TradingView
The RSI’s recent decline from the mid-50s zone to its current level indicates weakening bullish momentum after ALGO failed to sustain gains above $0.30. This aligns with the token’s rejection near key resistance levels, reflecting caution among buyers.
The indicators show that while the MACD’s positive momentum hints at a possible continued recovery, the RSI’s neutral stance warns of possible consolidation or downside risk. Both indicators emphasize the importance of ALGO holding above the $0.20 support zone to sustain bullish prospects.
Algorand (ALGO) Price Forecast Based on Fair Value Gap
The chart reveals a Fair Value Gap (FVG) between $1.25 and $1.10, highlighting a key price imbalance left during ALGO’s sharp decline in 2022. FVGs occur when price action moves rapidly, creating gaps that markets often revisit to fill. Historically, price revisits these zones to restore equilibrium, making this region influential for future price predictions.
Source: TradingView
ALGO is trading at approximately 80% below the lower boundary of the FVG. For the token to fill this gap, it would require a sustained rally of over 430% from its current price. Past attempts to reclaim this zone failed, as evidenced by the strong rejection during the 2021-2022 decline.
This gap acts as a potential magnet for price in bullish scenarios, especially if ALGO breaks above key resistance levels around $0.60. However, failure to build upward momentum may keep price action suppressed below the FVG, with ALGO consolidating at current lows.
Algorand (ALGO) Price Forecast Based on MA Ribbon Analysis
According to the monthly chart analysis, the 20-period MA is positioned at $0.19110, acting as a dynamic support level. ALGO is trading at $0.23598, approximately 18% above this average. This suggests short-term bullish momentum as long as the price remains above the 20-period MA.
Meanwhile, the 50-period MA sits higher at $0.51850, serving as a major resistance level. ALGO recently attempted to break this barrier but faced rejection, reflecting persistent selling pressure near this zone. Historically, when the price trades below the 50-period MA for extended periods—as seen since mid-2022—it indicates a prevailing bearish trend.
Source: TradingView
For a sustained reversal, ALGO must reclaim and close above the $0.51850 level, opening the path toward higher targets. Not to leave out, the widening gap between the 20-period and 50-period MAs highlights lingering bearish conditions despite short-term bullish attempts.
As long as the price remains sandwiched between these two averages, consolidation may continue. A decisive breakout above the 50-period MA could shift sentiment, while a drop below the 20-period MA may expose the token to further downside.
Algorand (ALGO) Price Forecast Based on Fib Analysis
According to the monthly chart, the token’s current price sits significantly below the 23.60% Fibonacci retracement level at $0.83786, marking the first key resistance zone. For bullish continuation, ALGO must break above this level to target the 38.20% level at $1.30429, which aligns with prior consolidation zones.
Source: TradingView
A further rally could push prices toward the 50.00% retracement at $1.68128, representing over a 700% increase from the current price. If bullish momentum strengthens to this zone, the next notable targets include the 61.80% level at $2.05826 and the 78.60% retracement at $2.59498, both coinciding with previous market peaks.
Reclaiming the 61.80% level would signal a substantial shift in sentiment, with the possibility of approaching the all-time high of $3.27867 (100% level). Conversely, failure to surpass the 23.60% level could keep ALGO in its current consolidation range, risking a retest of the 0.00% level at $0.08389—its all-time low.
Algorand (ALGO) Price Prediction 2025
As per CryptoTale’s projections, ALGO could trade between $0.08 and $5.00 in 2025. Following the post-BTC halving hype, the market may reach a peak phase, pushing ALGO to new highs before a possible year-end correction due to overvaluation and profit-taking.
Algorand (ALGO) Price Prediction 2026
According to our forecast, ALGO may range between $2.00 and $3.50 as the market enters a cooling phase. Reduced investor enthusiasm and market fatigue could lead to a pullback from the previous year’s highs, with prices stabilizing at lower levels.
Algorand (ALGO) Price Prediction 2027
CryptoTale anticipates ALGO could trade around the $0.50-$2.50 range as the market reaches its lowest point in the cycle. Weak demand and cautious sentiment may dominate, though early signs of recovery could emerge as anticipation for the next BTC halving builds.
Algorand (ALGO) Price Prediction 2028
As per CryptoTale, ALGO may recover to $3.00-$10.00 as optimism returns with the BTC halving event. Increased market activity and positive sentiment may drive prices upward, reigniting interest from retail and institutional participants.
Algorand (ALGO) Price Prediction 2029
According to our forecast, ALGO could surge between $8.00 and $16.00 amid strong post-halving momentum. Heightened investor interest and renewed market confidence could propel the token to fresh highs, supported by improved market conditions.
Algorand (ALGO) Price Prediction 2030
CryptoTale projects ALGO may decline to $5.00-$11.00 as the market undergoes a correction after the previous year’s peak. Profit-taking and cooling sentiment could lead to price adjustments, though the market may remain generally optimistic.
Algorand (ALGO) Price Prediction 2031
As per our forecast, ALGO could range between $2.50 and $8.50 during a continued correction phase. While bearish sentiment may linger, growing anticipation for the next BTC halving could spark renewed interest and early signs of accumulation.
Algorand (ALGO) Price Prediction 2032
CryptoTale expects ALGO to rise within $12.00-$25.00, boosted by positive market sentiment and the sixth BTC halving event. Market participants may regain confidence, leading to increased buying activity and gradual price improvements.
Algorand (ALGO) Price Prediction 2033
According to our analysis, ALGO could climb between $21.00 and $40.00 as market euphoria peaks. Increased market activity and broader adoption could push prices to higher levels, fueled by strong investor enthusiasm.
Algorand (ALGO) Price Prediction 2034
CryptoTale forecasts ALGO may retreat to $15.00-$35.00 as the market experiences a correction. After reaching peak prices the previous year, investor caution and profit-taking could lead to a natural pullback in valuation.
Algorand (ALGO) Price Prediction 2035
According to our projections, ALGO could recover strongly, trading between $30.00-$50.00 as it rebounds from earlier losses and reaches new peaks. Renewed market optimism, increased accumulation, and anticipation of the next BTC halving could drive prices to surpass previous highs, marking a significant recovery.
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FAQs
What is ALGO?
ALGO is the native cryptocurrency of the Algorand blockchain, designed for fast transactions, scalability, decentralization, and security using a Pure Proof-of-Stake (PPoS) consensus mechanism.
How can I purchase ALGO?
ALGO is available on major exchanges like Binance, Coinbase, and Kraken. Users can buy it using fiat, stablecoins, or other cryptocurrencies through spot trading or swaps.
Is investing in ALGO a wise decision?
ALGO’s potential depends on market conditions, adoption, and ecosystem growth. Investors should research its fundamentals, consider risk factors, and analyze price trends before making decisions.
What’s the best way to securely store ALGO?
ALGO can be stored in hardware wallets (Ledger, Trezor), software wallets (Pera Wallet, MyAlgo), or exchange wallets, with hardware wallets offering the highest security against hacks.
Who is the founder of ALGO?
Algorand was founded by Silvio Micali, a Turing Award-winning cryptographer and MIT professor known for his contributions to blockchain scalability and cryptographic security.
Which year was ALGO launched?
Algorand launched in 2019, introducing its blockchain and the ALGO token to address scalability, decentralization, and security challenges in the crypto space.
What is ALGO’s circulating supply?
As of now, ALGO has a circulating supply of 8.46 billion tokens out of its total supply cap of 10 billion tokens.
Will ALGO surpass its all-time high?
ALGO’s future depends on market cycles, adoption, and technological advancements. If demand surges, it could surpass its $3.28 all-time high in the coming years.
What is ALGO’s lowest price?
ALGO’s all-time low (ATL) is $0.08761, recorded in 2023 during a major market downturn.
What will the price of ALGO be in 2025?
In 2025, ALGO could trade between $0.08-$5.00, driven by post-BTC halving hype, market expansion, and increased adoption before potential corrections.
What will the price of ALGO be in 2028?
ALGO may recover to $3.00-$10.00 as BTC halving boosts sentiment, attracting investors and pushing demand for blockchain projects like Algorand.
What will the price of ALGO be in 2030?
ALGO could trade within $5.00-$11.00, with corrections following the prior bull cycle while maintaining an overall uptrend.
What will the price of ALGO be in 2032?
In 2032, ALGO is projected to reach $12.00-$25.00, driven by renewed market confidence and broader ecosystem developments.
What will the price of ALGO be in 2035?
ALGO could trade between $30.00-$50.00, recovering from prior corrections and reaching new highs as blockchain adoption strengthens.
