Algo Drops 0.27% on Dec 18, 2025 Amid Market Volatility and Long-Term Declines

On December 18, 2025, the price of ALGO fell by 0.27% in the past 24 hours, settling at $0.1111. Over the last seven days, the token has declined by 8.86%, and over the past month, the drop has reached 18.67%. The longer-term performance is even more pronounced, with a 66.79% decline since a year ago. This downward trend reflects broader market volatility and uncertainty affecting the digital asset space.

Allego Expands Charging Network in Slovenia

The most recent significant news related to ALGO comes from Allego N.V., the company behind the ALGO token, which has announced a major expansion into Slovenia. Allego has partnered with HOFER, a leading retail chain in the country, and Enertec, a Slovenian infrastructure provider, to deploy one of Slovenia’s largest fast-charging networks for electric vehicles (EVs).

This collaboration will see fast-charging stations installed at HOFER’s outdoor parking areas nationwide, enabling EV drivers to charge conveniently while shopping, commuting, or traveling longer distances.

The expansion marks a strategic move by Allego to increase the availability of public EV charging infrastructure in Slovenia, where the adoption of electric vehicles is on the rise. Hybrid vehicles accounted for 26% of new passenger car registrations in 2024, and fully electric vehicles represented 6%. The partnership brings together HOFER’s retail footprint, Allego’s operational experience, and Enertec’s engineering capabilities to build a scalable and future-ready charging network.

Christian Zeh, Allego’s Chief Operating Officer, emphasized that the rollout aligns with Allego’s vision of making EV charging an integral part of daily life. The new stations, which will offer up to 400 kW of power, are expected to be integrated into both HOFER’s store locator and major public charging directories, serving both HOFER customers and the broader public.

Strategic Infrastructure and Future-Ready Network

Enertec’s role in this deployment is crucial, as it provides essential engineering and energy expertise to support the installation and maintenance of the fast-charging infrastructure. The collaboration enables Allego to leverage local infrastructure knowledge and accelerate the deployment of high-power charging stations across the country.

This initiative supports Slovenia’s transition to sustainable mobility and positions Allego to strengthen its presence in the Central European market. The deployment of 24/7 accessible stations where feasible is a step toward making EV ownership more practical and appealing to a broader audience.

With this expansion, Allego continues to reinforce its reputation as a leader in public EV charging solutions, leveraging its European expertise to scale its infrastructure and support the growing demand for sustainable transportation.