Aion price prediction: Can AION go up?
Aion wants to be seen as blockchain 3.0. Can we make an AION price prediction?
Contents
Aion and the Open Application Network want to transform the way people use blockchains and, as a result, bring about more blockchain usage. It aims to create a network of blockchains that interact with each other and with other chains. What makes it work is its native token, AION. This coin, which is based on the Aion blockchain, has had a short but up-and-down history, being at one point worth 10 times its value today. But what of the future? What is a good AION price prediction? Let’s take a look.
AION price history
Before we do that, it is a good idea to examine the AION price history. Although a coin’s future results should not be extrapolated from its past performance, knowing what has happened to the cryptocurrency can give some much-needed context when examining an aion coin price prediction.
When AION launched in the autumn of 2017, there were some crypto enthusiasts who were very excited about its possibilities. On 20 October that year, it was trading at about $0.58, but before long its price started going up. The coin broke through the $1 barrier in late November and kept growing as more and more people started to invest in crypto. The absolute high point came on 7 January 2021, when AION reached an intraday high of $11.51, which still serves as its all-time best. The coin then went down quite a bit after its brief mooning, but it still stayed above $1 until 27 June that year, when it fell to an intraday low of $0.9861. AION made something of a recovery, but when it reached an intraday high of $1.05 on 19 July, that was it. The coin has been above $1 since. This is something to keep in mind when it comes to an AION crypto price prediction.
The crypto saw a year of change in 2021. It started the year at $0.06144, and closed January at $0.07227, a monthly rise of more than 17%. Then the following month the coin accelerated away, rising more than 136%, while March saw it more than double again. In April things slowed down a bit, but the month-on-month price rise was still 11%.
By now, there was a feeling in more than a few AION price predictions that it was not impossible that the coin could break through $1 again in at least the medium term and, in what has turned into a 2021 high, the score of $0.6905 on 8 May looked like this view was not going to be too wrong. However, the Great Crypto Day Crash of 19 May saw Aion’s value plummet to an intraday low of $0.1631. While there was some recovery, May’s end price of $0.2094 was down considerably from where it had been earlier.
June and July were months of decline and stagnation, with the coin consistently trading at below $0.20. While there was some bounceback in August, AION’s closing price for that month of $0.1968 was still far below the $0.3462 intraday high of May 19. The same story carried on in September, but it was even worse, with a closing price of $0.1406. October saw some very modest regrowth to finish off at $0.1406, while November’s closing price of $0.2008 may have looked positive for the AION price prediction, but that soon became history because by the afternoon of 13 December, AION was trading at around $0.15. At the same time, it had a market cap of just over $74.5m (£56.3m), making it the 509th biggest crypto by that metric.
AION price forecast
What do forecasters have as their AION price prediction? Remember, forecasts are very often wrong, especially as they go into the longer term. In many cases, cryptocurrency price predictions are often made using an algorithm, which can change at any time.
What is your sentiment on AION/USD?
TradingBeasts has an AION price prediction for 2022 that says it will reach an average of just under $0.20 in December. The site goes on to suggest that the coin will get to around $0.215 in a year from that, and $0.276 in another 12 months from then.
CryptoGround predicts that AION will reach about $0.2578 in December 2022 and should reach just over $0.40 a year after that. The site’s AION price prediction for 2025 is just under $5.72 and it gets even more bearish for its December 2026 AION price prediction at around $7.10.
DigitalCoinPrice forecasts AION should get to around $0.2683 in 2022, a little under $0.3077 in 2023 and just under $0.3648 in 2024. Going forward a couple of years, it should hit $0.5901 in 2027 and $0.6891 in 2028, the site says.
Finally, PricePrediction.net says that AION should score an average price of $0.25 in 2022, $0.80 in 2025 and $3.87 in 2029. The site has an AION price prediction for 2030 of an average of $5.58.
Final thoughts
A few things to note before we finish. AION is one of the cryptocurrencies that had an all-time high in the crypto boom of late 2017 and early 2018. The coin has never come anywhere near close to its all-time high of that period since. Even in the crypto bull rush of early 2021, the coin’s price was considerably less than it had been three years earlier. This could be seen as a good thing, as it indicates that AION is relatively stable, but on the other hand it could be seen as a bad thing because it also suggests that people have since moved away from Aion and what it offers users.
The second thing to point out is that, while Aion likes to style itself as the pioneer of the third generation of blockchain, there are other systems doing similar things such as THORChain, which also doubles as a decentralised exchange. So Aion is not operating in a market of one. While Aion may be an early adopter, there have been other examples of crypto programmes that were overtaken by a network which came afterwards but operated in a way more people liked, such as Ethereum taking over from Nxt. You should bear that in mind if you are thinking of investing in Aion.
FAQs
Is AION a good investment?
It could be. Aion has risen over the past year or so but you still need to be cautious, especially when it has not yet recovered to where it was in May. Cryptocurrencies can be highly volatile and prices can go down as well as up. You will need to do your own research and never invest more than you can afford to lose.
Will AION go up?
It might do. The market has seen it rise over the last year overall, but then again it is down considerably from the highs it enjoyed earlier this year. Cryptocurrencies can be highly volatile and prices can go down as well as up.
Should I invest in AION?
This is entirely a matter for you. Before you do that, though, you will need to research both AION and its competitors. You will also need to bear in mind the volatile nature of cryptocurrencies, noting that they can go down as well as up.
