Algorand Price Prediction: Is AlGO a Good Investment?

February 18, 2021

Price Prediction

Sean Korbett

Before we get into Algorand price prediction, let’s take a look at the project itself. Algorand is an open-source blockchain platform designed to create a decentralized economy without any limitations. The project’s main goal is to create a truly borderless economy and remove barriers in a way to mass adoption of cryptocurrencies.

Algorand aims to solve three main problems of blockchain technology: security, scalability, and decentralization. The developers have created a scalable platform with high transaction processing speed while maintaining decentralization. 

What Is ALGO Coin?

The ALGO coin is the cryptocurrency of the Algorand blockchain.

Nowadays ALGO crypto is among the TOP 40 cryptocurrencies by market capitalization.

Algorand Achievements And Future Plans

According to the project’s official website, there were the following news and updates: 

• Exchanges like OKEx, OKCoin, Huobi listed ALGO coin and integrated USDT and USDC to support mainstream crypto access.
• Brazilian cryptocurrency was launched on the Algorand blockchain.
• Xfinite, a blockchain-based digital media platform, announced a joint partnership with Algorand.
• Curv and Algorand partnered to advance institutional digital asset security.
• Stablecorp, the firm behind the issuance and management of the QCAD (the Canadian Dollar stablecoin), announced a partnership with Algorand.
• Algorand’s founder -Silvio Micali, was honored with the Italian Foreign Affairs Ministry’s Award.
• The Algorand team launched Global Algorand Partner Program to accelerate the development and adoption of blockchain-powered products and services
• Ledger added Algorand support in Ledger Live.
• Algorand and Archax announced the partnership.
• Algorand joined the Blockchain Game Alliance as a member and supporting sponsor.

Algorand News 

The Algorand team’s main goal is to provide a truly decentralized, public, permissionless network that scales perfectly and eliminates the performance drawbacks of first-generation blockchains. As Algorand’s CEO Silvio Micali said the team will continue adding new functionalities to the Algorand platform and improving performance, without sacrificing decentralization.

Algorand Price History

Source: CoinMarketCap, Data was taken on 18 February 2021

ALGO Price Now

Source: CoinMarketCap, Data was taken on 18 February 2021

Algorand Technical Analysis

Source: Tradingview, Data was taken on 18 February 2021

Algorand Price Prediction

TradingBeasts ALGO Coin Price Prediction

According to TradingBeasts opinion, the Algorand cryptocurrency’s expected maximum price may reach $1.88011 (+32.4%) during March 2021. By the end of December 2021, the maximum ALGO coin price is expected to be $1.8340 (+29.15%), while ALGO crypto’s average price will be $1.4672 (+3.32%) per coin.

Wallet Investor Algorand Price Prediction

Wallet Investor analytics says about the Algorand Price Prediction that ALGO cryptocurrency is a good option for a long-term investment. With a 5-year investment, the revenue is expected to be around +116.68%.

ALGO coin’s price has a chance to go up to the level of $2.026 (+42.68%) per coin by the end of 2021. While ALGO coin’s average price will be $1.68 (+18.31%). 

DigitalCoinPrice ALGO Price Prediction

Based on DigitalCoinPrice’s opinion ALGO crypto is a profitable investment and Algorand price will increase in the future. The ALGO coin’s average price may increase and reach its all-time-new high level of $2.32 (+63.38%) per coin by the end of December 2021.

Is Algorand A Good Investment?

Many analytics are sure that Algorand is a profitable investment and says that ALGO coin’s price will increase in the future. You should remember that no one knows for 100% what the future will bring to the Algorand project.

Where To Buy Algorand?

One thing is for sure – if you are looking for the best platform to buy Algorand cryptocurrency – StealthEX is here for you.

How To Buy Algorand Coin?

Exchange ALGO crypto on StealthEX with a low fee. 

You can study a detailed article with an exchange guide, watch a tutorial video on our YouTube channel, or just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount for your exchange. For example, BTC to ALGO.
2. Press the “Start exchange” button.
3. Provide the recipient address to which the coins will be transferred.
4. Move your cryptocurrency for the exchange.
5. Receive your ALGO coins!

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The views and opinions expressed here are solely those of the author. Every investment and trading move involves risk. You should conduct your own research when making a decision.

February 18, 2021