ALGO drops 5.19% over the past week as the overall market trends downward
Algorand (ALGO) Price Update as of November 30, 2025
On November 30, 2025, Algorand (ALGO) continued its downward trajectory, slipping by 0.29% in the past 24 hours to reach $0.1389. Over the last week, the decline intensified, with the token losing 5.19%. This recent drop extends a persistent losing streak, with ALGO falling 21.7% over the past month and 58.48% in the last year. The current price marks a significant retreat from its peak value of $3.56, recorded in June 2019.
Prolonged Bearish Momentum and Market Standing
ALGO has been entrenched in a bearish phase for more than a year, now trading at levels not seen since early 2023. Despite holding the 86th position among global cryptocurrencies by market capitalization, the token has yet to demonstrate any signs of reversing its downward movement. The circulating supply remains steady at 8.8 billion, with a maximum cap of 10 billion tokens, leaving little to spark a near-term price rebound.
Background and Project Vision
Algorand was introduced in 2019, aiming to address the blockchain trilemma by achieving a balance between scalability, decentralization, and security. Founded by MIT professor Silvio Micali, the platform set out to deliver a robust, decentralized, and high-speed protocol. The project launched with a successful initial coin offering that raised over $60 million, but since its debut at $2.40 per token, ALGO’s price has struggled to maintain momentum.
Current Trends and Future Prospects
Experts point out that ALGO’s recent price action mirrors the broader cryptocurrency market, where a shift toward risk aversion and waning interest in volatile assets has fueled continued selling. The lack of significant network upgrades or strategic developments has further dampened hopes for a swift recovery. With no clear catalyst in sight, ALGO’s trajectory remains closely tied to overall market sentiment and global economic conditions.
The ongoing decline highlights the difficulties many digital assets face in regaining strength after the highs of the 2024 bull market. As the year ends, Algorand continues to face downward pressure, and investors are watching to see if innovation or changing market forces can help the project regain momentum in the coming months.
