Algorand’s current price is $0,314023. The price has changed by -28% in this day, and the trading amount is $68 111 615.
Algorand price now occupies the 28th position by asset capitalization, with a volume of 2.13 billion US dollars. It has 10,000,000,000 ALGO coins in supply.
The best exchanges to buy ALGO:
- Huobi Global;
- WazirX (India Only);
Historical MAX and MIN
The maximum achieved crypto price of Algorand was $2.3 on the 9th of September 2021. And the lowest achieved price of the crypto token is $0.158 on the 19th of March 2020.
The price rate for the upcoming years
If we talk about Algorand price forecast, Changelly.com has an interesting report stating that by the edge of 2022 the price may jump to $0.60.
2023 can bring us the median cost of $0.77 per one token, and the chart may differ from $0.75 to $0.91.
The median foreseen trading charge is $1.14 for 2024. The lowest is about $1.11 and the largest is $1.29.
2025 price forecast prompts the rate starting from $1.61 to $1.90 (on average is $1.67).
Interesting facts and data about Algorant
Brief info about coin
The Algorand token is a decentralized system designed to solve the Blockchain Trilemma of achieving speed, security, and decentralization simultaneously. Launched in June 2019 by tech scientist and MIT scientist Silvio Micali, the coin is an open-source, permissionless blockchain platform that anyone can build upon.
Factors affecting Algorand live price chart
Dozens of issues affect the rates of Crypto. Like all cryptocurrencies, it was created with a fixed supply. So, the government cannot cause inflation – a currency depreciation – by running the printing presses. The scarcity of the asset can cause the price to rise.
Government regulations have a large impact on Algorand and other cryptocurrencies’ price charts. Tax policies, investment regulations, mining restrictions, government plans for official digital currencies, and related situations can cause cryptocurrency prices to rise or fall.
Journalists increasingly influence cryptocurrency prices. When a billionaire entrepreneur tweets his assistance for a particular coin, its Algorand token price often rises. More and more celebrities are promoting cryptocurrencies and NFTs to millions of social media followers. The effect of these approvals on cryptocurrency prices cannot be overstated.
Why you should study market cap and keep your mind sharp with live rates
Algorand’s live exchange rate varies from moment to moment as transactions occur on exchanges worldwide. Given the volatility of cryptocurrencies, prices can rise or fall amazingly in a short period.
Before you buy digital currency, you should analyze cost data, and look for repeating signs that the cost of your investment is more likely to go up than down.
Algorand coin price chart is valuable in Crypto investing, even if you don’t have access to multi-year data on the chart.