Algorand (ALGO) Price Prediction 2025-2030: TVL spurs ALGO to…
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.
Data from DeFi Llama shows that Algorand’s (ALGO) TVL rose by 150% since the start of 2023. Previously at $73 million, the network’s total locked value topped $187 million at press time. A major aspect of this TVL increase was the corresponding rise in Algorand’s price.
Read Price Prediction for Algorand [ALGO] for 2023-24
The cost of Algorand has decreased under a resistance line since reaching an all-time high of $2.990 in November 2021. ALGO’s all-time low price was $0.16, which is also when its current rising trend began.
ALGO, however, at press time, was trading at a critical intersection of resistance levels. Thus, if the price makes a breakout, the trend might be viewed as positive.
Although Algorand (ALGO) is intended to be a very effective proof-of-stake (PoS) blockchain, other networks like Ethereum (ETH), BNB Chain, and Solana [SOL] have been at the forefront of significant DeFi activity. The narrative surrounding the blockchain appears to be changing for the better based on the increase in Algorand’s DeFi TVL during the past week.
Algorand has created a mark in traditional institutional circles, in addition to numerous initiatives for retail clients. Algorand oddly distinguishes between “blockchain” and “crypto.”
The temporary CEO Sean Ford Sean says,
“Those are two very distinct things. The focus is on developing blockchain applications that have the potential to influence society and change the world as a whole.”
Compared to Ethereum, both systems employ proof-of-stake, smart contracts, and infrastructure to support the creation of other
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