ACH price prediction: Will Alchemy Pay go up?

Can Alchemy Pay’s combination of crypto and fiat drive its ACH token to new highs?

Alchemy Pay logo                                 
What is next for ACH? – Photo: alchemytech.io
                                

Contents

Alchemy Pay aims to bridge the gap between crypto and fiat and it uses the ACH token to help it operate.  What is the ACH price prediction? Let’s take a look. 

Before we do that, though, let’s have a look at Alchemy Pay’s price history. While prior performance is no indicator of future results, knowing what the crypto has done can provide some useful context when it comes to making an ACH price prediction.

ACH price history

When the Alchemy Pay crypto token came onto the open market in September 2020, it was worth about $0.02. While there was a small bull run, typical for newly launched cryptocurrencies, the price quickly dropped down and, by October 2020, it was trading at about $0.01. It would spend the next 10 months or so hovering around the cent mark, until there was a very exciting bit of news.

In August 2021, it was announced that the crypto exchange Binance was teaming with Alchemy Pay to create a payment bridge between cryptocurrency and fiat in the Binance wallet. This would, in effect, allow people to pay with crypto from their Binance wallet at a range of companies including Shopify, Aldo and Ce La Vi. Speaking at the time, Alchemy Pay’s CEO, John Tan, said: “Alchemy Pay’s partnership with Binance for the Binance Pay wallet significantly expands the practical backbone applications we build between the crypto and fiat worlds.”

The news really helped to put ACH on the crypto map. Its price rocketed, going from $0.004263 at the start of 2 August to an all-time high of $0.1975 on 6 August, a rise of more than 4,000% in the space of just four days.

Alchemy pay price history
Alchemy pay price history - Credit: Currency.com

This was just a spike, however, and the price went down again quickly, but by the middle of the month it had settled to somewhere around the $0.08 mark before rising again to close the month at $0.09805. September’s story was one of decline, though, and ACH ended up closing the month at $0.06284, while October was more of a time of stability, with Alchemy Pay hovering around the $0.06 mark before getting an upsurge of activity towards the end of the month to finish October at $0.07166. November, on the other hand, started off well, with the coin breaking back through the $0.10 mark for the first time since August to reach $0.1127. After that, though, concerns over the Omicron variant of Covid-19 hit the cryptocurrency market and ACH was caught in the slump, closing the month at $0.09196. 

Concerns related to the pandemic continued into December, and the coin closed the year at $0.06356. While that was down from recent highs, it is worth putting into context the fact that it had closed 2020 at $0.003466, which meant that it had gone up by more than 1,000% over the course of 2021. 

In January 2022, the price of ACH has, barring a spike on 10 January which saw it briefly reach a high of $0.09293, largely remained stable and, on the afternoon of 13 January its price stood at around $0.06. At the same time, it had a market cap of around $231.5m (£168.8m), making it the 280th largest crypto by that metric.

ACH price forecast

It is important to bear in mind that long-term forecasts are very often wrong. In addition, crypto predictions are often made using an algorithm, which can change at any moment. 

Gov.capital has an alchemy pay price prediction for 2022 that says the token will reach around $0.25 on 31 January. The coin’s price will get to about $0.275 on 13 January 2023 it says, and about $0.60 12 months from then. On 13 January 2025, ACH should be worth around $1.07. On the same date in 2026 it should be around $1.65 and a year after that it will be just under $2.35.

PricePrediction.net has an ACH crypto price prediction which says it will reach an average price of $0.089 in 2022, rising to $0.13 in 2023, $0.18 in 2024 and $0.26 in 2025. The site argues the coin’s average price in 2026 will be $0.38, while it will reach $0.58 in 2027, $0.82 in 2028 and it will break the $1 mark in 2029 to stand at $1.18. PricePrediction has stuck its neck out, not only making an average alchemy pay price prediction for 2030 of $1.58, but also to say that the token should be around $2.34 in 2031. 

Digitalcoin says the average price of ACH in 2022 should be around $0.08, before rising to about $0.096 in 2023 and going up slightly to $0.099 the following year. The site has a alchemy pay price prediction for 2025 of around $0.13, while 12 months from then the price should drop to $0.115. In 2027 the price will rise to $0.155 and in 2028 it will get to $0.21. A year from then, in 2029, the ACH coin price prediction is just under $0.26.

Finally, WalletInvestor argues that, in 2023, ACH should be worth around $0.148. The same site says that, in five years time, in 2027, the price of the token should be somewhere in the region of $0.453.

Final thoughts

Although ACH is not necessarily the newest cryptocurrency out there, it is only since August 2021, when the partnership with Binance was announced, that Alchemy Pay has been seen as a player in the crypto sphere. This means that there is still comparatively little relevant information to base a forecast off, so caution is advised. Second, while the Alchemy Pay network is an interesting and practical idea, that does not mean that it will be taken up universally or that any take-up will happen rapidly. Perhaps more importantly, it may be that the principle of what Alchemy Pay does could be modified and used by a competitor who ultimately has more success with it and, ultimately, serves as the Ethereum to Alchemy Pay’s NXT. You have to bear these sorts of things in mind if you are thinking about investing in ACH.

FAQs

It might be. Alchemy Pay has certainly performed very well over the last 12 months, more than doubling in value. That said, you do need to be cautious. Cryptocurrencies can be highly volatile and prices can definitely go down as well as up. You will need to do your own research and never invest more than you can afford to lose.

It might do. The market has been somewhat bullish over the last year and the token has risen. There is also the potential to match the highs it enjoyed in early August 2021 at some point in the future. That said, 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.

This is a question that only you can answer. Before you get involved, you must do your own research, remember prices can go down as well as up, and never invest more money than you can afford to lose.

Further reading

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