Algorand - Down 58.36% Year-To-Date Amid Market Volatility

Algorand (ALGO) closed at $0.1393 on November 30, 2025, showing a 0% change in the last 24 hours. However, the token has experienced a broader decline across key timeframes, with a 4.91% drop in the last seven days, a 21.48% drop in the past month, and an alarming 58.36% drop over the past year. These movements highlight ALGO’s struggles amid broader market trends, despite its position as a proof-of-stake blockchain aiming to solve the scalability, security, and decentralization trilemma.

The price range for ALGO during the last 24 hours was between $0.1387 and $0.1436, with a trading volume that has declined significantly compared to prior periods. At a market capitalization of approximately $1.23 billion and a ranking of #86 on global exchanges, Algorand continues to attract institutional attention but has failed to sustain price gains. Its fully diluted valuation sits at just above $1.23 billion, a marginal difference from its market cap, suggesting limited speculative pressure.

Historically, ALGO reached an all-time high of $3.56 in June 2019, but has since declined sharply. The token’s all-time low came in September 2023 at $0.0875, and while it has since rebounded from that level, it remains far below its early 2019 highs. The price performance over the last 200 days shows a cumulative decline of 43.52%, underscoring the challenges facing the asset in a competitive and volatile crypto landscape.

Algorand was founded in 2017 by Silvio Micali, a professor at the Massachusetts Institute of Technology. The platform was designed to deliver on the promises of blockchain by integrating scalability, security, and decentralization. The initial coin offering in 2019 successfully raised over $60 million, with the token initially priced at $2.40. Since then, the project has focused on expanding its use cases, including enterprise-grade smart contract functionality and cross-chain interoperability.

The circulating supply of ALGO remains near its maximum supply of 10 billion tokens, with 8.8 billion currently in circulation. This approach, which limits inflationary pressures, is a key aspect of Algorand’s long-term value proposition. However, it has not been enough to counter recent price declines, particularly in a market that continues to be influenced by macroeconomic factors and shifting investor sentiment.

The project’s long-term viability will likely depend on its ability to attract new use cases, secure partnerships, and demonstrate utility beyond speculative trading. While Algorand has made strides in enterprise blockchain solutions, the broader market remains skeptical, and ALGO’s price performance reflects that skepticism. Analysts project that the token may need to demonstrate clearer adoption metrics and tangible progress in enterprise deployment to reverse its current downward trajectory.