Since its initial public offering (IPO) on a major exchange, ALGORAND has gained momentum. However, is this momentum going to continue? The launch of ALGO on Upbit today boosted its price significantly. However, it quickly slowed down after reaching its peak. Although there are some significant cautions that need to be looked at, before jumping right into investing. One of the main cautions is the volatility parameter, meaning the investments can be lost in just one moment and vice versa. When Algorand launched in June 2019, it had a high of $3.17, but since then, it has collapsed. It’s also important to note that volatility can happen in the long run.
Some people are asking where ALGO will end up in the future. It’s hard to predict where it will go next, but it doesn’t seem unreasonable that it will hit $3. Though it one time passed the $3 mark before, as of today it rose to $2.66. Algorand is ought to rise another 62% to reach $3 once again. According to Investor Wallet, the price of Algorand will reach $3.18 in 12 months and then grow significantly beyond that point to reach $7.759 in five years. By 2026 the predictions show that the price of Algorand will reach $7.18.