Last year in June 2019 Algorand was listed with price $2.76 USD and that was average all time highest price till now, as since its launched this cryptocurrency was dropping with consistent percentage, but there consistent 24hr market cap fluctuation was help to maintain position under top 50 list, as Algorand foundation recently announced $250 million worth Algo grants program to boost Blockchain development and also makes official of partnership with Wall Street Blockchain Alliance (WSBA) for same reason i.e. evolution of Blockchain.
Algorand is based on permissionless pure PoS i.e. Proof of Stake powered by distributed ledger technology and claimed to have first every cryptocurrency using this type of technology in the market, so with that they wanted to provide funding to different aspects such as research, infrastructure, improvement and education community.
Algorand Price Prediction
$0.47 is highest trading price of year 2020 and this price is almost double than today price, as ROI also almost dropped below zero with –98% all time ROI, as this cryptocurrency in terms of technology doing really great, but in terms of price fluctuation there is noting like big growth in price was there, so calculation current price and considering crossing 2020 year record and setting new record of $0.50 USD then you can earn up to more 140% growth on your investment, as right now after announcement of Ethereum 2.0 where main focus to bring PoS in the system may help to see more engagement for PoS based cryptocurrency who working on development to considering this fact Algorand will be the first choice in coming days and that can help Algorand to cross $1 USD mark and if you able to grab ALGO at price $0.21 USD then you may gets 376% Return on investment.
Algorand Price Prediction 2020
|Month & Year||Forecast in USD|
|Ending of May 2020||$0.29 USD|
|Beginning June 2020||$0.31 USD.|
|Ending of June 2020||$0.35 USD|
|July 2020||$0.32 USD|
|August 2020||$0.35 USD|
|September 2020||$0.42 USD|
|October 2020||$0.45 USD|
|November 2020||$0.43 USD|
|December 2020||$0.41 USD|
Read Also: Ethereum Price Prediction
As to explaining above prediction, which is set according to previous performance, as we know since August 2019 ALGO following role of steady cryptocurrency with no bigger fluctuation was seen and if they continue to focus of technology without having any partnership then reaching $0.50 USD will become to hard to reached in 2020 year, as Ethereum 2.0 adaption of PoS taking more months than expectation and that probably happening in Q2 2020, that may help Algorand to cross $1 USD mark. as investing point of view this cryptocurrency still weak as compare to other cryptocurrency, If you looking for longer HODL with fixed ROI then this will be the perfect coin for decent but fixed growth in your investment.
ALGO Price Prediction 2021
Algo was founded in 2017 by Silvio Micali who is MIT college teacher, as in Q1 2018 Union Square Ventures became first investor for Algorand with raising $4 million worth funding and later they officially unveiled project to crypto world in June 2019, this was not best time to launched cryptocurrency, because market cap down at this time and due to back to back problem coming in the way of cryptocurrency, market already loses thousand of investor, as even if they obtained 1000 per second transaction by providing faster blockchain ever, as talking about 2021 Algorand has to cross $1 USD mark and moving forward till Q2 2021 it will be worth more than $3 USD, then it can hold its current ranking under top 50 list.
|Month & Year||Price Prediction in USD|
|January 2021||$0.55 USD|
|February 2021||$0.67 USD|
|March 2021||$1.02 USD|
|April 2021||$0.89 USD|
|May 2021||$1.24 USD|
|June 2021||$1.56 USD|
|July 2021||$2.04 USD|
|August 2021||$2.67 USD|
|September 2021||$3.09 USD|
|October 2021||$2.35 USD|
|November 2021||$2.093 USD|
|December 2021||$2.54 USD|
So along with providing PPoS Algorand also help you to reduced cost of storage or bandwidth by compressing them, as we know PoW is outdated and to overcome Algorand already move forward in 2019 where there was very less number of PoS based cryptocurrency, so they have no plans for hard fork as transaction in algorand will be final and keep providing better out of the Bitcoin and Ethereum blockchain.
- How Much Algorand worth in 2025?
Ans: $12 USD
- When will ALGO Will Reach $1 USD?
Ans: probably in Q2 2021.
- How Much ALGO worth in 2030?
Ans: expected $28 USD.
- Will Algorand Reach $10?
Ans: yes, may be in 2024 or early 2025.
|Based on||Pure PoS and DLT|
|Month of indexing||June 2019|
|Total Supply||3,242,455,549 ALGO|
|Ranking on coinmarketcap.com||41|
|All time highest||$3.28 USD|
|Trading platform||ZG.com, BitZ, Bibox, Bilaxy, HBTC, Binance, Coinbase Pro, huobi Global, CoinEx, FTX, DragonEX.|