What determines the price movement of Algorand (ALGO)?

There are two schools of thought when it comes to determining the price of a cryptocurrency like Algorand. By way of intrinsic value: Intrinsic value is typically assessed through on-chain metrics, project metrics, and financial metrics of Algorand, collectively known as fundamental analysis. Factors such as the law of supply and demand, tokenomics, use case, project roadmap, and the regulatory and governance environment will influence the long-term value of Algorand. By way of price action: technical analysis , using candlestick chart patterns and indicators like MACD, RSI, and Bollinger Bands, forecasts the price of Algorand on the basis that history tends to repeat itself. Since candlestick charts reflect market sentiment, news announcements and community sentiment can also significantly influence the price action of Algorand. Long-term investors usually favor fundamental analysis, while short-term traders often depend on technical analysis. In practice, combining both approaches can yield intriguing scenarios for Algorand and the broader cryptocurrency market.

What is the highest price of Algorand price in history?

Algorand achieved the all-time high of 3.56 in 2019-06-20, and is currently trading at 0.12302.

What is the lowest price of Algorand price in history?

Algorand reached its all-time low of 0.087513 on 2023-09-11.

What is the current market cap of Algorand?

The current market cap of Algorand is 1085687019.2141247, as 8825288727.15107 ALGO is trading at the price of 0.12302.

How many Algorand are there in the market?

There are currently 8825288727.15107 ALGO circulating in the market. These Algorand can be actively traded or used in the open market.

What is the maximum supply of Algorand?

The maximum supply of ALGO is 10000000000 , which includes its circulating supply, locked or staked supply, and the supply that has yet to be mined, minted, or created.

What is the fully diluted market cap (or FDV) of Algorand?

At the moment, the fully diluted market cap, also called the fully diluted value (FDV) of Algorand is 1086208634.23161174932. The FDV is calculated taking the assumption that all supply of Algorand is circulation, multiplied by its current price of 0.12302.

What is the price prediction of Algorand ?

Using an algorithm to automatically identify historical data trends, this Algorand price prediction adjusts its forecast from time to time based on current market conditions. With advanced machine learning, this prediction tool can help investors gauge market probabilities before making investment decisions.

Is Algorand a good investment?

Algorand offers a good potential ROI due to its inherent volatility, which presents numerous profit opportunities. However, this volatility is a double-edged sword, making it suitable for investors with high risk tolerance and a strong financial position. It is crucial to remember that Algorand and the broader crypto market are subject to extreme market conditions, regulatory changes, social media influence, and other unpredictable factors. Therefore, it is advisable to exercise risk management and do your own research (DYOR) before investing in Algorand.

You can buy Algorand via Gate by following the steps on how to buy ALGO once you have funded your account.

Algorand Price

ALGO

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Algorand (ALGO) Price Live Chart

Algorand (ALGO) Price Today

Algorand (ALGO) price today is $0.123, with a 24-hour trading volume of $926.99K and as such Algorand (ALGO) has a market cap of $1.08B, giving it a market dominance of 0.033%. The Algorand (ALGO) price moved -5.20% in the last 24 hours.

ALGO Price Data

24h Turnover$926.99K
All-Time High(ATH)$3.56
24h High$0.1312
All-Time Low(ATL)$0.08751
24h Low$0.1214

ALGO Market Cap Infos

Market Cap$1.08B
Fully Diluted Valuation$1.08B
Market Cap/FDV88.25%
Market SentimentPositive

ALGO Supply

Circulating Supply8.82B ALGO
Total Supply8.82B ALGO
Max Supply10B ALGO

*Data is for reference only

Algorand (ALGO) Price Prediction

Algorand(ALGO) is predicted to average $0.1231 in 2025, with a potential swing between the lowest price $0.1034 and the highest price $0.1822. By 2030, Algorand(ALGO) price could reach to $0.2249, offering a potential +72.00% return from today’s Algorand price.

Year	Minimum Price	Highest Price	Average Price	Change
2025	$0.1034	$0.1822	$0.1231	--
2026	$0.1359	$0.1649	$0.1527	+24.00%
2027	$0.1302	$0.1874	$0.1588	+29.00%
2028	$0.09695	$0.2216	$0.1731	+40.00%
2029	$0.1342	$0.2269	$0.1973	+60.00%
2030	$0.1654	$0.2249	$0.2121	+72.00%

Algorand(ALGO) Price History

Algorand(ALGO) price has moved -5.20% in the last 24 hours, and -7.04% in the past 7 days. The price of Algorand(ALGO) is -29.29% in the past 30 days, and -72.81% over the last year.