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 aims to bridge the gap between crypto and fiat currencies, and uses the Alchemy Pay (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 previously 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, as is 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 with that point as a ceiling for the coin’s potential – with an all-time low of $0.001338 on 20 July serving as the token’s nadir – until there was an exciting bit of news.
In August 2021, it was announced that crypto exchange Binance was teaming up 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 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 2021 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.
This was just a spike, however, and the price soon went down again. By the middle of the month it had settled at 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.
October 2021 was a time of greater stability, with Alchemy Pay hovering around the $0.06 mark before seeing an upsurge of activity towards the end of the month to finish at $0.07166.
November 2021, 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 relating to the pandemic continued into December 2021, 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 remained stable at around $0.06 in the first part of the month, barring a spike on 10 January that saw it briefly reach a high of $0.09293. However, ACH slumped later on, with the price at the end of the month falling to $0.03934.
In February, things started to look a little more encouraging, with a general upward trend seeing a monthly high of $0.06824 on 16 February 2022. Not even the news that Alchemy Pay had entered into a partnership with Spanish football club Real Betis could stop an overall market downturn caused by concern over the Russian invasion of Ukraine, however, and at the start of March 2022, the price stood at around $0.0485.
Since then it has gone down, falling to around $0.041 on 22 March. The price movement was downwards, with a low coming in the wake of China’s ban on crypto, with ACH dropping to $0.0343 on 12 April before recovering to $0.04447 the following day. Things then continued to spiral down and, on 26 April, it was worth around $0.0297. The bad news was not over, though and, on 9 May 2022, ACH was worth $0.022.
Things got worse following the depegging of TerraUSD and the collapse of LUNA and, on 12 May, it fell to an intraday low of $0.01328. There was some recovery after that and, following the news that ACH was to be listed on the KuCoin exchange, it reached a high of $0.03593 on 24 May. That was as good as things got, though, and the coin’s price fell back down to around $0.015 on 7 June.
The downward momentum continued, with a low of $0.01062 on 13 June, but there was a little bit of a recovery to $0.01404 on 21 June. The following day, though, things were back on the downturn and it was worth about $0.0126.
At that time, there were 4.65 billion ACH in circulation out of a total supply of 10 billion. This gave it a market cap of a little over $58.66m, making it the 326th largest crypto by that metric.
ACH price forecast
Before we start looking at any Alchemy Pay predictions, it is important to bear in mind that long-term forecasts are 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 worth around $0.10 on 31 December. The coin’s price will then fall to around $0.08 on 22 June 2023, before it grows to just over $0.27 a year later. On 22 June 2025, ACH should be worth a little over $0.52. On the same date in 2026 it should be just over $0.82, and a year after that it will be $1.18.
PricePrediction.net has an ACH crypto price prediction that says it will reach an average price of $0.019 in 2022, rising to $0.027 in 2023, $0.039 in 2024 and $0.054 in 2025. The site suggests the coin’s average price in 2026 will be $0.082, while it will reach $0.12 in 2027, $0.18 in 2028 and it should stand at $0.27 in 2029.
The site has stuck its neck out, not only making an average Alchemy Pay price prediction for 2030 that says it should stand at $0.37, but also saying the token should be worth around $0.54 in 2031.
DigitalCoinPrice, meanwhile, says the average price of ACH in 2022 should be around $0.0162, rising to about $0.0178 in 2023 and then continuing to rise to $0.0196 the following year. The site gives an Alchemy Pay price prediction for 2025 of around $0.0258, while 12 months later the price should drop to $0.0228.
In 2027, the site expects the price will rise to $0.0299 and in 2028 it will get to $0.0403. A year from then, in 2029, the site’s ACH coin price prediction is $0.0508. The coin should start the next decade at $0.0583 before hitting $0.0660 in 2031.
Finally, WalletInvestor argues that, in June 2023, ACH should be worth around $0.0341. The same site says that in June 2027, the price of the token should be somewhere around $0.122.
Although ACH is not 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 on, so caution is advised.
Secondly, while the Alchemy Pay network is an interesting and practical idea, that does not mean 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 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.
It might be. At the time of writing on 22 June 2022, Alchemy Pay was up by more than five times from the $0.002224 it was worth a year earlier, even if it had been in a bearish phase.
That said, you do need to be cautious. Cryptocurrencies can be highly volatile, prices can definitely go down as well as up and, at the time of writing, the price of ACH was on a downward trend. 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 past year and the token has risen, although the recent bear market has knocked the value of ACH down. 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. As ACH price predictions indicate, 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.