Algorand (ALGO) news and updates
What is Algorand (ALGO)?
Algorand price from year to year
ALGO Price in 2021
ALGO Price in 2022
Algorand 2022 price prediction from the experts’ eyes
Is it too late now to buy Algorand?
How to buy Algorand on Zipmex
According to the data from AlgoExplorer in the Newsbtc article, the total number of accounts on Algorand at the end of last year was 17.3 million. Meanwhile, as of 10 March 2022, the total number of accounts on the network has increased to 23.5 million. From the most recent data, Algorand appears to be gaining more popularity. Now, many investors started questioning ‘is ALGO worth investing in?’ Let’s see what experts have to say in Algorand 2022 price prediction.
Algorand (ALGO) news and updates
- According to Decrypt, Napster, the music streaming app, will join the Web3 space along with the planned launch of the NAPSTER token in Algorand.
- A recent report from Cryptoslate on 16 October 2021 shows that the world’s first blockchain-powered COVID vaccination passport has already been launched in Colombia, as a part of a joint project between Algorand and Koibanx.
What is Algorand (ALGO)?
In a nutshell: Algorand (ALGO) is a decentralized, self-sustaining, blockchain-based network that supports a variety of cryptocurrency applications.
The Algorand platform, founded by Silvio Micali, a computer science professor at the Massachusetts Institute of Technology, focuses on faster, safer, more scalable, and more efficient transactions. The Algorand mainnet went active in June 2019 and in December of the same year, it could handle nearly 1 million transactions per day.
Generally, Algorand offers a solution for problems like slow transaction processing in Bitcoin and also other blockchains. Another feature of Algorand that makes it unique is that this crypto asset cannot be mined because it is an entirely permissionless proof-of-stake blockchain.
Click to learn more ALGO insight in Algorand Coin Info.
Algorand price from year to year
ALGO Price in 2019
Algorand’s growth is undeniably affected by the dynamics and volatility of the crypto market. As a result, the price of ALGO frequently undergoes abrupt changes and trend reversals.
ALGO is a very volatile asset, so its value can change a lot in a short amount of time, leading to huge gains or losses.
Algorand went on sale in June 2019 for US$ 1.60. After that, ALGO reached an All-Time High (ATH) of US$ 3.28 on 22 June. In July of that year, the price fell to US$ 1.50 and stayed below US$ 1.50 throughout the month, before reaching new lows of US$ 0.50.
In August, the price returned to US$ 0.80 and plunged to a new low, US$ 0.20, for the rest of 2019.
ALGO Price in 2020
The 2020 graph had even more downward momentum, with the price of Algorand falling to a new low reaching an All-Time Low (ATL) of US$ 0.10 in March 2020.
ALGO only had a minor rebound in April, trading above the US$ 0.20 mark. Then, throughout July, Algorand’s price increased to more than US$ 0.30. In August, the price maintained its momentum at around US$ 0.50 before the price fell again.
From September to December 2020, ALGO’s price was between US$ 0.20 and US$ 0.37. It finally broke through to US$ 0.40 in January 2021.
ALGO Price in 2021
The entire crypto market exploded in 2021, and Algorand had the same fate. However, it quickly returned to US$ 1 during a short period of time. In February, Algorand showed some signs of a strong recovery, reaching US$ 1.67 before falling again.
Despite price swings and occasional declines from February to April 2021, the Algorand price remained above the US$ 1 price to establish a support level.
ALGO Price in 2022
The price of Algorand continued to rise until 2022; the price dropped to US$ 0.90 on 14 February 2022. Then, it slowly increased again, mostly because of LimeWire, a music and entertainment NFT marketplace. On 21 March 2022, the token reached US$ 0.80 and then rocketed to US$ 0.97 on 2 April.
In early May, FIFA announced its partnership with Algorand, meaning that the network has become FIFA’s official blockchain platform and an official blockchain-powered wallet solution would be provided. However, the Q2 bull run was short-lived, so in mid-May, ALGO was traded at US$ 0.36 after a market-wide crash.
Algorand 2022 price prediction from the experts’ eyes
Here is the moment everyone’s been waiting for. Let’s learn what the experts’ predictions are for Algorand in 2022-2030. The following opinions are gathered from Cryptonewsz, Gov Capital, and Digital Coin Price.
- According to CryptoNewsz, with various partnerships and alliances, as well as community funding, the predicted price of Algorand in 2030 will be above US$ 1.5, rising to US$ 2 in December 2030. This represents a +500% increase over the current price.
- On the other hand, Gov.Capital estimates the lowest Algorand price in early 2027 to be US$ 7.17 and the highest to be US$ 9.71.
- Digital Coin Price also predicted a positive direction. According to its analysis, the price of ALGO at the end of 2022 will be less than US$ 1, around US$ 0.39 to US$ 0.40, while the maximum price will be US$ 0.47. The predicted price in 2023 is around US$ 0.43, with the highest price at US$ 0.45. Following that, the estimated average price in December 2025 will be US$ 0.44.
Is it too late now to buy Algorand?
No, Algorand is one of the cryptocurrencies that you can begin investing in 2022.
Aside from several positive experts’ predictions, the ecosystem is still in its infancy. As more applications are built on the Algorand, the value could easily double or triple this year.
Moreover, Algorand also has advantages in terms of transaction processing. Users will benefit from its highly efficient operation and scalability.
According to the most recent data on the Nasdaq page, the network is processing at 1,162 TPS and has a block finality of 4.36 seconds. This ability is almost equivalent to Stellar.
Regardless of its benefits and capabilities, it is still critical that you research thoroughly before beginning to invest in ALGO or any other crypto asset, to mitigate the risk of loss caused by crypto volatility.
Many people believe that high investment risk will result in a higher return. However, you must still follow a risk management strategy to safeguard your portfolio.
Aside from Algorand, there are also numerous other top altcoins that you can invest in. Check out the complete list here!
How to buy Algorand on Zipmex
Buying and starting Algorand (ALGO) investment on Zipmex is super duper simple.
You only need to follow a series of self-registration through the official Zipmex application or website. If you already have an account and have completed all the KYC verification processes, the next move is you need to deposit funds to your Trade Wallet.
If you haven’t had your Zipmex account, now it’s time. Click to sign up below!
Follow these easy steps to buy Algorand (ALGO) on Zipmex
- Select the “Trade” button and click “Buy” on your Zipmex account.
2. Select the trading pair you want to use when buying ALGO Coin. For example, “ALGO/USD” or “ALGO/USDT.”
3. Then, select the type of order you want — Limit Order to buy at the specified price. Meanwhile, Market Orders are to buy at real-time prices prevailing in the market.
4. Recheck your order and click “Confirm Order.”
5. Congratulations, the transaction to buy Algorand (ALGO) at Zipmex has been completed! Now ALGO assets will be automatically stored in your Trade Wallet.
Disclaimer: The information provided in this article is not intended to provide investment or financial advice. Investment decisions should be based on the individual’s financial needs, objectives, and risk profile. We encourage readers to understand the assets and risks before making any investment entirely.
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