Algorand continues to hold its ground in the market with a market cap of $2.28 billion. However, a drop in trading volume by over 40% in the last 24 hours indicates cautious market participation.
Current Market Situation
On the charts, ALGO is consolidating between $0.24 and $0.27, with the Relative Strength Index (RSI) indicating a mild bullish tilt at 58. The MACD also hints at potential upward momentum amid anticipation surrounding Algorand’s 2025 roadmap.
Update Strategy and Planned Improvements
Algorand is preparing for major updates under 'Project King Safety' aimed at revamping its tokenomics to create a self-sustaining fee model. Developers also plan to implement quantum-resistant cryptography using Falcon signatures to secure the network against next-generation threats. Another highly anticipated milestone is the launch of Rocca Wallet in late 2025, which will enhance accessibility for mainstream users.
Expectations and Risks Ahead
Algorand has made strides in the real-world asset (RWA) sector, with over $90 million in total value locked (TVL). However, Tether’s decision to phase out USDT support on Algorand by September 2025 threatens to drain nearly $99 million in liquidity. Unless alternative stablecoins step in, this could trigger 20-30% price swings, raising concerns about the short-term outlook.
For now, trader sentiment appears cautiously optimistic. The success of Algorand in executing its roadmap while managing stablecoin liquidity could position ALGO as a stronger contender in institutional-grade blockchain infrastructure.
