Quick Summary
- Algorand (ALGO) is showing signs of recovery, with its price rising after a period of decline.
- Price predictions suggest potential growth for ALGO, with forecasts indicating a rise above $1 by 2028 and significant gains by 2031.
- Technical indicators currently lean towards a bearish sentiment, but recent price action suggests a potential shift.
- Key factors influencing Algorand’s future price include its technological capabilities in smart contracts and blockchain interoperability, alongside broader market trends and specific development milestones.
Algorand Overview and Technical Insights
Algorand’s underlying technology positions it as an interesting prospect for investors and developers focused on smart contracts and blockchain interoperability. This analysis delves into its potential price trajectory, exploring whether ALGO can reach significant milestones such as $1, $10, or higher.
Algorand (ALGO) Key Metrics:
| Cryptocurrency | Algorand |
| Symbol | ALGO |
| Current Algorand Price | $0.1864 |
| Market Cap | $1.63B |
| Trading Volume (24h) | $85.65M |
| Circulating Supply | 8.81B ALGO |
| All-Time High (ATH) | $3.28 (June 21, 2019) |
| All-Time Low (ATL) | $0.08761 (September 11, 2023) |
| 24-Hour High | $0.1903 |
| 24-Hour Low | $0.1770 |
Algorand Technical Analysis
| Metric | Value |
| 30-Day Volatility | 6.44% |
| 50-Day SMA | $0.1961 |
| 200-Day SMA | $0.2194 |
| Current Sentiment | Bearish |
| Green Days (Last 30) | 15 (50%) |
| Fear and Greed Index | 29 (Fear) |
On November 3rd, ALGO experienced a positive shift, increasing by 3.60% within a 24-hour period. This upward movement was accompanied by a 45.53% rise in trading volume, reaching $85.73 million, which suggests growing investor confidence. The total value locked (TVL) on the Algorand network also saw an increase of 6.94% in 24 hours, totaling $65.77 million.
Algorand 1-Day Chart Analysis
This week, ALGO has shown resilience by trading above some of its key moving averages, indicating a nascent recovery. The Relative Strength Index (RSI) stands at 52.91, which is neither overbought nor oversold (an overbought signal is typically above 70). The 3-day Simple Moving Average (SMA), currently at $0.1972, is acting as a resistance level.
Algorand 4-Hour Chart Analysis
The 4-hour chart further illustrates ALGO’s recent recovery. The $0.1 price level remains a critical support zone for maintaining bullish momentum. The William Alligator indicator suggests increasing volatility and positive market momentum.
Algorand Technical Indicators: Levels and Action
Daily Simple Moving Average (SMA)
| Period | Value ($) | Action |
| SMA 3 | 0.1972 | SELL |
| SMA 5 | 0.1881 | SELL |
| SMA 10 | 0.1803 | BUY |
| SMA 21 | 0.1819 | BUY |
| SMA 50 | 0.1961 | SELL |
| SMA 100 | 0.2198 | SELL |
| SMA 200 | 0.2194 | SELL |
Daily Exponential Moving Average (EMA)
| Period | Value ($) | Action |
| EMA 3 | 0.1819 | BUY |
| EMA 5 | 0.1918 | SELL |
| EMA 10 | 0.2083 | SELL |
| EMA 21 | 0.2259 | SELL |
| EMA 50 | 0.2362 | SELL |
| EMA 100 | 0.2334 | SELL |
| EMA 200 | 0.2319 | SELL |
Algorand Price Analysis Outlook
Current technical indicators suggest a bearish trend for ALGO, with investor sentiment leaning towards fear as indicated by the Fear and Greed Index. However, recent chart patterns show signs of a price recovery in progress.
Recent Developments and Future Potential
A significant development for Algorand is the appointment of Nikolaos Bougalis, a former lead engineer for XRP Ledger, as CTO on September 29th. He is tasked with overseeing Algorand’s decentralization roadmap for 2025.
Will ALGO reach $1?
Based on projected Algorand price forecasts, ALGO is expected to surpass the $1 mark within the timeframe leading up to 2028.
Can Algorand reach $10?
Forecasting a reach of $10 for ALGO by 2031 appears highly unlikely according to current predictions.
Can Algorand reach $20?
Similarly, reaching $20 for ALGO by 2031 is considered improbable based on prevailing analytical models.
Can ALGO reach $100?
For Algorand to reach $100, its market capitalization would need to surge from its current $1.2 billion to over $700 billion, a figure higher than Ethereum’s current market cap. This growth trajectory is deemed highly improbable.
The Future of Algorand
Algorand, like many large-cap altcoins, is currently trading near its yearly lows. A break below a 30 RSI reading could push it towards previous lows. However, the long-term outlook suggests Algorand may achieve new all-time highs in the coming years.
Algorand Price Prediction for 2025
For the final month of 2025, ALGO’s price is anticipated to fluctuate between $0.2960 and $0.3313, with an average price of approximately $0.2500.
Is ALGO a Good Investment?
Analysis from IntoTheBlock indicates that approximately 97% of ALGO holders are currently at a loss. While this figure may decrease in the short term, the long-term outlook suggests a potential shift in favor of investors, as indicated by projections.
ALGO Price Prediction November 2025
| Month | Potential Low ($) | Potential Average ($) | Potential High ($) |
| November | 0.1360 | 0.1780 | 0.2550 |
Algorand Price Prediction 2025
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2025 | 0.13 | 0.21 | 0.33 |
Algorand Price Prediction 2026 – 2031
| Year | Potential Low ($) | Potential Average ($) | Potential High ($) |
| 2026 | 0.23 | 0.24 | 0.27 |
| 2027 | 0.31 | 0.32 | 0.39 |
| 2028 | 0.46 | 0.48 | 0.54 |
| 2029 | 0.70 | 0.72 | 0.80 |
| 2030 | 1.04 | 1.07 | 1.23 |
| 2031 | 1.47 | 1.52 | 1.80 |
Algorand Price Prediction 2026
The year 2026 is expected to witness increased bullish momentum for Algorand. Our forecast indicates ALGO will trade within a range of $0.2304 to $0.2731, with an average price of $0.2418.
Algorand Price Prediction 2027
Algorand’s price is projected to continue its upward trend into 2027. The forecast suggests ALGO will trade between $0.3058 and $0.3918, averaging around $0.3176.
Algorand Price Prediction 2028
Our analysis points towards an acceleration in ALGO’s price in 2028, with the cryptocurrency expected to trade between $0.4623 and $0.5385, averaging approximately $0.4750.
Algorand Price Prediction 2029
For 2029, the ALGO price prediction estimates a trading range between $0.7007 and $0.7958, with an average price of $0.7245.
ALGO Price Prediction 2030
The ALGO price prediction for 2030 suggests ALGO will trade between $1.04 and $1.23, with an average price of $1.07.
Algorand (ALGO) Price Prediction 2031
By 2031, the ALGO price forecast anticipates a high of $1.80, a low of $1.47, and an average price of $1.52.
Algorand Market Price Prediction: Analyst Forecasts for ALGO
| Platform | 2025 | 2026 | 2027 |
| Digitalcoinprice | $0.60 | $0.76 | $1.04 |
| Coincodex | $0.32 | $0.42 | $0.32 |
| Gate.io | $0.20 | $0.21 | $0.25 |
Cryptopolitan’s Algorand Price Prediction
Our forecasts indicate that ALGO could reach a high of $0.33 in 2025. By 2027, the price is expected to range between $0.31 and $0.39, with an average of $0.32. For 2030, the projection is between $1.04 and $1.23, averaging $1.07. Please note that these predictions are for informational purposes and do not constitute investment advice. Always conduct your own research or consult with a financial professional.
Algorand Historic Price Sentiment
- Algorand conducted its token sale in June 2019 at $2.40 per token.
- Initial funding rounds led by investors such as Union Square Ventures, Lemniscap, and NGC Ventures raised $66 million, while the public sale garnered $60.40 million.
- Participants who held tokens from the initial sale are currently facing a 90% loss from the launch price.
- Following its listing on Binance on June 21, 2019, ALGO experienced a surge, reaching its all-time high (ATH) of $3.28, according to CoinMarketCap data.
- The price subsequently declined, falling 90% from its ATH within four months.
- Coinbase listed ALGO in July 2021, contributing to a gradual recovery that peaked at $0.64 in August of the same year.
- 2021 was a strong year for the crypto market, fueled by NFTs, DeFi growth, and institutional interest. Algorand saw its price rise from a low of $0.32 in January to $2.30 in October, a 200% gain.
- The market experienced a significant downturn in 2023, exacerbated by events like the FTX collapse. ALGO concluded the year trading at $0.23.
- The downward trend persisted through 2023, with ALGO hitting an all-time low of $0.0876 in September.
- The market began to recover in October, and by the end of the year, ALGO had risen above $0.2.
- In November, ALGO started a recovery from a low of $0.12, climbing as high as $0.61 in December.
- Subsequently, prices corrected in early 2025, falling below $0.40 in January and $0.35 in February, before trading at $0.22 in October.
- The coin experienced another sharp decline, dropping to $0.16 by November.
Expert Summary
Algorand (ALGO) is navigating a period of technical recovery, with recent price action suggesting a potential shift from a bearish sentiment. While current indicators point to caution, forward-looking price predictions offer optimism, forecasting significant growth in the coming years, with ALGO potentially exceeding $1 by 2028.
