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After dropping more than 58% from its 2025 highs, the Algorand price is rising again with a series of long green candles. The token recently made it to the top crypto gainers chart and is continually receiving interest from the blockchain community.
This surge could have been the result of numerous new tweets, including one that highlighted Algorand’s January insights.
However, the market is still volatile, and there is always a chance for the green candles to turn red. This article will dive into the reasons the ALGO price is rising and whether the surge will continue in 2025 and beyond.
Algorand Price Analysis
After Algorand reached its second all-time high in 2021, it hasn’t been able to gain much traction from the crypto community. After its 2021 peak, the token’s price was in free fall and it got closer to its all-time lows in Q3 of 2023 before going through another surge.
After trading around the $0.11 level throughout 2024, Algorand was able to move up in price by more than 441% in a month.
This surge was followed by a small consolidation period before a steep drop, from which it has experienced a 22% increase recently.
At the time of writing, Algorand is trading around the $0.3 level and has a market capitalization of more than $2.59 billion.
Why is Algorand Rising?
Amidst the latest increase in Algorand and other cryptocurrencies’ prices, investors are asking why it is rising again. In the case of Algorand, this increase could have been the result of the recently mentioned January insights as well as staking rewards going live.
Algorand’s staking rewards, according to the official website, come with multiple perks.
No Slashing Risks
Algorand promises that users won’t find their rewards slashed. Instead, ineffective nodes will be removed to maintain the yield.
No Lockup Period
Independent validators will maintain control of the project and staked tokens will remain in the user’s wallets.
Low Cost
There is not much hardware requirement to run an Algorand node. Users only need a computer with 16GB RAM, a fast Solid State Drive, and a 1 GBPS internet connection.
Real-Time Rewards
For block proposers, the initial reward is 10 ALGO and 50% of transaction fees per block. These rewards will be paid out as each block is finalized every 2.8 seconds. Then the stake will be compounded.
Algorand Price Prediction
Short-Term Price Prediction
The short-term outlook for the Algorand price seems bullish. BullifyX, one of the popular crypto analysts, has revealed that ALGO has gone through a classic liquidity grab recently, which was then followed by a deep retracement.
He has further stated that the token price moves up parabolically from this level. His target is $0.7. Essentially, this and other analysts see it as a “buy the dip” opportunity for Algorand.
It is likely that the ALGO price will follow this trend. However, macroeconomic conditions should also be considered, since they will also determine whether Algorand reaches new lows or pumps from this point.
Long-Term Price Prediction
In the long term, Algorand’s appeal will lie in its usability and how many decentralized applications emerge from its ecosystem. While it is quick to market its speed, technology, reliability, low cost, and programmability, the tweets that do so haven’t gotten much traction.
Therefore, Algorand has to become more appealing in terms of technology and accessibility to attract more developers and investors. If it is able to do that, the ALGO price could reach $1 to $1.5 in the coming years.
Best Wallet – Top Wallet to Invest In Algorand
While Algorand’s current price action makes conditions suitable to achieve parabolic gains in short bursts, the token’s use cases make it more profitable in the long term. To store such assets, however, a crypto wallet should be considered with the right mix of security and accessibility for the long term investor.
Best Wallet is designed as such a solution. A feature-rich wallet, Best Wallet features a robust ecosystem complete with perks such as staking, the ability to buy and sell popular cryptocurrencies like Algorand, as well as managing a diversified cryptocurrency portfolio, from Bitcoin to the latest meme coin listing.
This is in addition to the storing and swapping perks that are common with most decentralized wallets.
Selling on Best Wallet is done through six offramp providers, including Moonpay, Unlimited Money, and Banxa. The platform has also provided a complete tutorial on how to sell crypto through Best Wallet.
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