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The Algorand project appeared in the cryptocurrency rating in June 2019. The ALGO coin immediately started with a price of $ 3, which was its absolute record. This is probably the only coin that set its maximum at birth. In the future, we will make other forecasts and perhaps find more such coins that showed their maximum price as soon as they entered the ratings. After almost 5 years, ALGO has not been able to get close to that record price. For example, today, December 9, 2024, while the second mega-successful bullish wave of bitcoin is underway, ALGO is trading around $ 0.45. Over all these years, ALGO has fallen in price almost 7 times.
But let's go back to the summer of 2019. The ALGO coin collapsed from $ 3 to $ 0.55 in 10 days and, plus or minus, ALGO went through the whole of 2020 at this price. At some point, its price fell to $0.14. This was its minimum that year and, as investors say, it was time to buy. Everyone was waiting for the bull season and the long-awaited 2021 has arrived. In February, during the first bull wave, ALGO soared to $1.60, and already in September, ALGO experienced the second bull wave and rose to $2.40.
The following years, ALGO only fell in price. At some point, it fell to $0.08, thereby setting its absolute minimum. This happened in September 2023. Perhaps there were investors who were not disappointed in it and guessed to buy ALGO at the very bottom.
Everyone was waiting for a new bull season and it came in 2024. Oddly enough, ALGO can be said to have slept through the first bull wave in March 2024. Its price increased from 0.17 to 0.27 dollars. But the second bullish wave, which is happening right now, promises to be interesting. As we wrote above, today ALGO is trading around 0.45 dollars and continues to grow.
What will be the price of ALGO in 2025?
If Bitcoin remains around 100 thousand dollars, then ALGO can easily grow to 1 dollar. However, if Bitcoin rises in price to 150 thousand, then ALGO can show 2 and even 3 dollars per coin. But the most interesting thing will happen when Bitcoin falls. And there is no doubt that Bitcoin is expecting a correction. With such a result, the ALGO coin can generally collapse to 0.01. A very risky investment that can bring both many X's in plus and many in minus ...