ALGO has demonstrated an impressive performance in June, warranting an Algorand price prediction focus as 2025 closes in. But before we get there, it is best to first look into how the cryptocurrency has performed recently and in 2024 in general.
In this piece you will find key information regarding Algorand price prediction and the factors fueling its recent performance. This information should help investors make more informed decisions when it comes to trading ALGO.
ALGO bulls showed off in November
Algorand just achieved its most bullish month of 2024 in November. Granted, the year is not yet over and December might build on the upside achieved in the last few weeks. The cryptocurrency peaked at $0.484 on 30 November, which was the highest 2024 price at the time of writing. This was equivalent to a 356% upside in November.
ALGO exchanged hands at $0.44 at press time. The cryptocurrency’s performance in November marked one of the most impressive comebacks considering that ALGO has mostly been bearish in the last 3 years.
This recent bullish performance was a great outcome for Algorand price prediction. This is because it confirmed that ALGO was still an attractive coin to investors. ALGO has been bleeding liquidity since the previous bull run.
Why is Algorand has regained its attractiveness
The declining Bitcoin dominance has paved the way for liquidity rotation and ALGO is among the beneficiaries. However, the real question is whether it will be among the few coins that will continue rallying as the bull run continues to unfold.
Fortunately for the Algorand community, the latest rally revealed some interesting developments within the network. For example, the network recently confirmed that staking rewards are in the pipeline. An outcome that could lead to more demand as well as a HODLing, thus boosting potential upside.
https://x.com/AlgoFoundation/status/1862873529194000384
ALGO was also ranked as a member of the Coinbase 50 index. This could pave the way for more visibility as investors look to inject funds into recognized coins.
Algorand price prediction
The recent development underpins the potential for more demand in the future as the Algorand network continues growing. The network’s marketcap hovered slightly below $900 million at its lowest point in November.
Algorand had a $3.69 billion marketcap at the time of writing, which means it added roughly almost $2.8 billion worth of liquidity in the last 4 weeks. Also, despite its recent rally, ALGO was still heavily discounted from its all-time high. The cryptocurrency traded as high as $3.15 in 2019.
As the cryptocurrency recovers, here are some of the key price levels that constitute Algorand price prediction:
| Date | Algorand marketcap | Algorand price prediction |
| January 2025 | $5 billion | $0.60 |
| June 2025 | $9 billion | $1.09 |
| January 2026 | $4 billion | $0.48 |
| January 2030 | $20 billion | $2 |
Note that these predictions are not based on factual data but are rather highly speculative. Nevertheless, Algorand is on the path of growth and could be set to achieve phenomenal figures assuming that it maintains a healthy rate of adoption.
It is also possible that it could overshoot the projected numbers while the inverse is also true. Current success does not necessarily translate into future success. Despite this, the recent ALGO price surge is a healthy sign which indicates that it is back in favor with investors. Also, the cryptocurrency has only achieved a strong rally from its cycle lows, hence it could offer a lot of potential upside.
Algo still has a long way to go and if it sustains the current pace of growth, then it could hit some of the Algorand price prediction figures above. Note that this information does not constitute financial advice. Investors should proceed cautiously and conduct their own due diligence.
Next: Web3 Bits Fraud: Unmasking the New Wave of Crypto Scams and How to Protect Yourself
