Algorand Price Prediction 2022

Algorand Price Prediction 2022
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Algorand Price Prediction 2022: For 2022, analysts have differing opinions on Algorand’s price. Some expect the price to surpass $2 while some believe that Algo will remain in the $1 parameter.

The average Algorand Price Prediction for 2022 is $1.815 Analysts

Algorand, founded by Silvio Micali has been gaining wide acclaim from investors all around the world. The cryptocurrency was priced at just $0.33 at the beginning of 2021 and managed to close the year with a firm $1.66.

Algorand has managed to remain steady throughout January 2022 ranging between $0.9-$1.80. Keep reading further to find out what price different analysts predict for Algorand.

Algorand Price Prediction 2022: How did ALGO Perform In 2021?

In 2021 Algorand like the rest of the cryptos, had a fruitful year. On January 1st, 2021 ALGO was trading just over $0.30 but by the end of the year, Algorand was trading over $1.50.

In September, Algorand closed on $2.31, crossing the $2 mark in 2021 after ranging between $0.3-$1.9 since January 2021. Algorand reached an ATH (All-Time-High) of $2.83 on November 18, 2021. It was the highest price of Algorand in 2021. The highest volume was achieved on September 9, 2021, amounting to $4.8 billion.

Read: XRP Price Prediction 2022

Algorand and Mana were both hot favorites of the investors in 2021. Algorand dominated the Google search trends in the first 3 quarters of 2021 but in the last 3 quarters search for Mana Price Prediction skyrocketed. However, Algorand remained steady throughout the year.

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In last 7 days, both Algo and Mana have been on the list of searches of the crypto enthusiast. Mana has been ahead of Algorand in some days while Algorand has beaten Mana other days in terms of Google searches.

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Read: Fantom Price Prediction 2022

Algorand Price Prediction 2022: Analysts Estimation

Digital Coin Price predicts Algorand’s price to reach up to $1.37 by the end of 2022.

Trading Beasts forecasts that by December 2022, Algorand will have a maximum price of $1.25 with a change of 2.76%.

PricePrediction.net estimates that Algorand will secure an average trading price of $1.37 by the end of 2022.

According to WalletInvestor, on December 31st, 2022, the maximum closing price of Algorand will be about $2.3.

Gov.Capital projects that Algo price will surpass $2 by the end of 2022, trading at a best possible price of $2.8 on 31st December 2022.

Algorand Price Prediction 2022: Some Facts

Algorand is often compared with Ethereum and is a promising contender to many other cryptocurrencies. It is looked upon as a potential investment in 2022. Here are some reasons why Algorand is a good investment:

  • It uses a decentralized and secure mechanism.
  • It has superior technology with reduced risk and low execution costs.
  • Valuable collaborations with prominent organizations demonstrate Algorand’s position in the crypto market.

Read: Bitcoin Price Prediction 2022

Algorand Price Prediction 2022: Historical Data to Support Algorand Investment

Price
Date
$ 0.33
January 1, 2021
$ 0.51
January 7, 2021
$ 0.74
February 4, 2021
$ 1.01
February 9, 2021
$ 0.93
May 20, 2021
$ 1.04
August 20, 2021
$ 2.30
September 10, 2021
$ 1.89
December 3, 2021
$ 1.73
December 31, 2021

How to buy Algorand?

Here are some general steps to follow if you wish to buy Algorand:

  • Finding a crypto exchange that has XRP listed.
  • Create an account with the Exchange.
  • Verify your identity.
  • Fund the wallet.
  • Make the purchase.

Where can I buy Algorand?

Some of the platforms where you can purchase Algorand are:

  • Coinbase
  • Kraken
  • Binance
  • Uphold
  • Bitpanda
Algorand Price Prediction 2022

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