ALGO +2.89% On 24-Hour Price Recovery Amid New Charging Hubs And Copper Project Acquisition

On DEC 19 2025, the price of ALGO climbed by 2.89% in the last 24 hours to $0.1103. Despite this short-term price recovery, the asset has experienced a 7.15% drop over the past week, a 19.18% decline over the last month, and a dramatic 67% loss over the past year. These figures reflect a broader narrative of volatility and market uncertainty, but recent developments suggest potential catalysts for renewed interest.

Allego N.V., the operator behind the ALGO token, made headlines earlier this month with a series of strategic expansions and infrastructure developments. On December 18, 2025, the company inaugurated Belgium’s largest fast-charging hub at the Malinas retail park in Mechelen, marking a significant milestone in its European footprint.

The same day, Allego also announced a major partnership with Slovenian retailers HOFER and Enertec to deploy one of the largest fast-charging networks in the region. These initiatives underscore Allego’s commitment to expanding its public EV charging infrastructure and strengthening its position in key markets.

Furthering its technological advancements, Allego launched a new app on December 8, 2025, designed to streamline the EV charging experience for drivers across Europe. The app, which provides access to over 30,000 charging points, aims to improve transparency and convenience, aligning with the broader trend of digital transformation in the mobility sector. Additionally, on October 27, 2025, Allego celebrated the opening of its 1000th high-power charging (HPC) station in France, reaffirming its status as a leading operator in the EV charging space.

Beyond its core charging network, Allego has also been exploring new mobility services. On September 2, 2025, the company announced plans to expand into extended mobility services, signaling a strategic shift toward a broader range of offerings beyond traditional EV charging. This move reflects a growing industry trend where charging operators are diversifying their revenue streams to include ancillary services such as vehicle maintenance, software solutions, and energy management.

In parallel, the name change and project acquisition by Algo Grande Copper (formerly Kenadyr Metals) also created market noise, albeit unrelated to the ALGO token itself. On December 18, 2025, Algo Grande Copper completed the 100% acquisition of the 5,895-hectare Adelita Copper-Gold-Silver Project and secured reactivation on the TSX Venture Exchange under the symbol ALGR. The company raised funds through the conversion of subscription receipts and is now preparing for drilling programs and exploration activities. While the ALGO token is not directly tied to this development, the shared name may have contributed to market confusion.

From a technical perspective, the ALGO token has experienced notable volatility, with its 24-hour rebound failing to offset the broader downward trend. Investors are closely watching whether recent infrastructure and strategic announcements by Allego can translate into sustained interest in the token. Analysts have not issued specific price forecasts for ALGO in the near term, but the token’s market performance will likely be influenced by the company’s continued expansion into new markets and technological advancements.

Allego’s recent initiatives highlight the company’s ambitions to solidify its position in the EV charging sector, which is poised for significant growth as global demand for electric vehicles accelerates. The launch of its new app and expansion into Slovenia and Belgium demonstrate the company’s strategic focus on scalability and user experience, both of which are critical for long-term success in a competitive industry.

While the ALGO token has faced headwinds over the past year, recent developments suggest that Allego remains committed to innovation and market leadership. Whether these efforts will be enough to drive a sustained price recovery for ALGO remains to be seen, but the company’s active expansion and infrastructure upgrades represent a positive step forward in a rapidly evolving sector.