ALGO is the native token of the Algorand blockchain. It has struggled to attract liquidity to its ecosystem, despite promising low-cost transactions, low latency, and high scalability.

Algorand is designed so that there are lower transaction fees, as well as no mining (like Bitcoin's energy-intensive process), as it is based on a permissionless pure proof-of-stake (PoS) blockchain protocol.
<h2><strong>What is Algorand (ALGO)?</strong></h2>
Algorand is unleashing scalability and accelerating global sustainability. Check out the ecosystem of organizations powering economic models of the future on Algorand.

Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains.

Now, we shall consider the price analysis of Algorand (ALGO) for the coming years.

<strong>Flashback: Fundamental Analysis of Algorand (ALGO)</strong>

In a news report by PRNewswire, it was stated that the Canadian SailGP team has entered into a three-year partnership with Algorand Foundation. This partnership will increase the adoption of ALGO and also expose the activities of the team on the blockchain. With this partnership, other sporting teams could see reasons to adopt the Algorand blockchain in developing their activities. This directly increases the price of ALGO soon.

We shall now consider what charts are showing about the price analysis of Algorand (ALGO).

<img class="aligncenter wp-image-232625 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/nZddqzjk.png" alt="" width="1280" height="595" />

<strong>https://www.tradingview.com/x/nZddqzjk/</strong>

From the 1day chart above showing the Ema Ribbon indicator for ALGO/USDT, we can deduce that the price of Algorand might rise soon. This is because the Ema ribbon moving averages is touching the top of the recently formed candlesticks.

<img class="aligncenter wp-image-232624 size-full" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/NRvCHgO3.png" alt="" width="1280" height="595" />

<strong>https://www.tradingview.com/x/NRvCHgO3/</strong>

The chart above shows the balance of power indicator which is used to determine if a market is controlled by either the buyers or sellers. From the chart for ALGO/USDT, we can see that its BOP value is -0.40. Since it is below 0, it means that the bears are having their way and that the price of Algorand might increase soon since it also has a negative divergence.

Now, we shall look at the price prediction of Algorand (ALGO) for the coming years.
<h2><strong>Price Prediction of Algorand (ALGO) in 2022</strong></h2>
The price of Algorand (ALGO) is expected to gain at least 12% by the end of June 2022 from its present price from its technical analysis. This means that it will be trading at around $0.83 by the end of the first half. Its price is expected to rise by at least 12% in the second quarter. This means that ALGO would trade at least $0.91 by the end of December 2022.
<h2><strong>Price Prediction of Algorand (ALGO) in 2023</strong></h2>
The price of Algorand (ALGO) is expected to gain at least 15% by the end of June 2023 from its present price from its technical analysis. This means that it will be trading at around $1.04 by the end of the first half. Its price is expected to rise by at least 14% in the second quarter. This means that ALGO would trade at least $1.19 by the end of December 2023.
<h2><strong>Price Prediction of Algorand (ALGO) in 2024</strong></h2>
The price of Algorand (ALGO) is expected to gain at least 12% by the end of June 2024 from its present price from its technical analysis. This means that it will be trading at around $1.34 by the end of the first half. Its price is expected to rise by at least 10% in the second quarter. This means that ALGO would trade at least $1.47 by the end of December 2024.
<h2><strong>Price Prediction of Algorand (ALGO) in 2025</strong></h2>
The price of Algorand is expected to gain at least 8% by the end of June 2025 from its present price from its technical analysis. This means that it will be trading at around $1.59 by the end of the first half. Its price is expected to rise by at least 5% in the second quarter. This means that ALGO would trade at least $1.67 by the end of December 2025.
<h2><strong>Price Prediction of Algorand (ALGO) in 2026</strong></h2>
The price of Algorand is expected to gain at least 13% by the end of June 2026 from its present price from its technical analysis. This means that it will be trading at around $1.88 by the end of the first half. Its price is expected to rise by at least 15% in the second quarter. This means that ALGO would trade at least $2.17 by the end of December 2026.

Now we shall consider different media platforms to see what their forecast is on Algorand (ALGO) price.
<h2><strong>Market Sentiments on Algorand (ALGO) Price Prediction</strong></h2>
<h3><strong>PricePrediction</strong></h3>
According to PricePrediction, the coin’s average price could reach $1.11 by the end of 2022 and surge to $31.93 by 2031 which represents a 2776% increase.
<h3><strong>DigitalCoin</strong></h3>
According to DigitalCoin’s Algorand (ALGO) price prediction, the average price could reach $1.05 in 2022 and by over 290% by 2031 to trade at $4.10.
<h3><strong>CoinQuora</strong></h3>
According to CoinQuora price prediction, the average price of Algorand (ALGO) in 2022 could be $2.40, surged by 4066% in four years to trade at $100 in 2026.
<h2><strong>Our Algorand (ALGO) Price Prediction</strong></h2>
The price of Algorand (ALGO) will trade at least $0.91 by the end of 2022 and then increase by over 138% in four years' time to trade at $2.17 by the end of 2026.
<h2><strong>Conclusion</strong></h2>
Algorand (ALGO) long-term investors will enjoy good returns. This is due to the positive outlook of the fundamental analysis, price predictions, and market sentiments.

&nbsp;

Algorand Price Prediction 2022-2026-Will the Price of ALGO Hit $0.91 by the end of 2022?

Chukwuemeka Raphael is an author and cryptocurrency news writer/analyst. As a Mathematics graduate and trained analyst, he combines his Math knowledge and strong reading culture in contributing content and analysis for the development of cryptocurrency and blockchain space.

Algorand Price Prediction 2022-2026-Will the Price of ALGO Hit $0.91 by the end of 2022?

Top Picks