Aleph.im price prediction | What is Aleph.im (ALEPH)?

Can ALEPH break out of its holding pattern?

ALEPH                                 
Aleph.im wants to combine cross-chain activities with layer 2 scaling - Photo: Shutterstock
                                

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Aleph.im (ALEPH) wants to combine cross-chain activity with Layer 2 scaling. Let’s take a deeper look, and investigate Aleph.im price predictions, too.

Aleph.im explained

One of the biggest attractions of blockchain technology is the idea of security. With the blockchain having no overall person or institution in a position of authority, the concept is that people’s privacy is protected which, by extension, means that everything is secure. However, aAccording to one report, there are at least 1,000 different blockchains, all designed to do something a little bit different. This means if someone wants to do something, such as store their data, on one blockchain, it can be hard – sometimes potentially impossible – to access that data on another blockchain. If you want to utilise information you keep on one chain in a program or platform that is based on another chain,  you cannot easily cross things over. 

Another problem is speed issues. If many people are using a chain, transactions can often slow down. Slower blockchain transactions also usually mean higher blockchain transaction fees, so that blockchain technology is at the same time making tasks harder and more expensive, not easier and cheaper.

The way around this is through something called a layer 2 scaling solution. The idea is to have a platform linked to but ultimately separate from the main blockchain. If a transaction is taken from the original blockchain and put onto the new chain, where it is carried out before being put back on the original chain that means, at least in theory, that tasks will be quicker and cheaper which is, ultimately, what people are looking for. 

Aleph.im aims to solve the issue of blockchain security flexibility while also serving as a layer 2 scaling solution. It is based on the Ethereum blockchain, and makes use of four particular layers of its own. It has an application layer, which allows people to work with decentralised applications (DApps), a software development kit (SDK) layer, which contains technical details so people can create programs on the system, an off-chain peer-to-peer (p2p) network layer, which serves as the layer 2 scaling solution, and an onchain networks layer, which allows for cross-chain transfer of data and information in a secure manner.

Every blockchain or blockchain based network needs its own cryptocurrency, and Aleph’s native token is the Aleph.im cryptocurrency, which also goes by the ticker handle ALEPH. Aleph.im is based on the Ethereum, Binance Smart Chain, Avalanche, Solana and xDai blockchains, which means, technically speaking, it is a token, rather than a coin. You might hear references to such things as an ALEPH coin price prediction, but they are not, strictly speaking, correct. ALEPH serves as a utility token, meaning that it is used to pay for fees on the network, as well as for storage on the system.

Aleph.im was set up in 2019 by Jonathan Schemoul, a French computing consultant also known by the pseudonym Moshe Malawach. He currently serves as Aleph.im’s CEO and heads a six-strong team, which includes the network’s co-founder, the UX/UI designer Claudio Pascariello and is based in Paris, France.

ALEPH price history

t’s now time to cast our eyes over Aleph.im’s price history. While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can give us some context  if we want to either interpret an Aleph.im price prediction or else make one of our own. 

ALEPH first came onto the open market in the summer of 2020, and was worth about $0.07. It was not long, though, before it shot up, reaching nclose to $0.60 at the end of August that year. The price then dropped, reaching an all-time low of $0.0247 on 27 September. In the first half of 2021 the market boomed, with American Covid-19 stimulus cheques finding their way into the cryptoverse, and ALEPH reached highs of above $0.65 in early April. After the Great Crypto Day Crash of 19 May 2021, it spent the summer, along with most of the rest of the cryptocurrency market, in the doldrums. From August, with the market boosted by a growing interest in non-fungible tokens (NFTs), the price gradually grew, and in November, boosted by Bitcoin reaching an all-time high, ALEPH rose to $0.8314. As the market contracted with fears about the omicron variant of Covid-19 taking hold,  the token closed the year at $0.4684. 

ALEPH price history
ALEPH price history - Credit: Currency.com

On 10 January, it was announced that Aleph.im had raised $10m to grow its network. This, in turn, led to the system giving people who operated nodes on the network a minimum wage of 550 ALEPH per month, which helped draw interest to the platform and boost ALEPH to an all-time high of $0.8692 on 20 January. The Russian invasion of Ukraine and China’s crypto ban in early April causing the price to drop to around $0.26 on 18 April. Since then, the ALEPH price has been remarkably stable, with its value being barely affected by the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency in May, nor by the news that, in June, the cancellation of withdrawals on the Celsius crypto lending platform had confirmed crypto was in a bear market.

On 25 July 2022, ALEPH was worth about $0.2615. At that time, there were a little under 207 million ALEPH in circulation out of a total supply of 500 million. This gave the token a market cap of around $58m, making it the 364th largest crypto by that metric. 

Aleph.im price predictions

Let’s take a look at Aleph.im price predictions. Keep in mind that price forecasts, especially when they are for something as potentially volatile as cryptocurrency, are very often wrong. It is also important to remember that long-term crypto price forecasts are often made using an algorithm, which means that they can change at a moment’s notice. 

TechNewsLeader makes a Aleph.im price prediction for 2022 that sees the token get to $0.34 this year before it goes on to reach $0.49 next year and $0.72 the year after that. By 2025, the site says that ALEPH could have broken through the $1 barrier to be worth $1.03, while the following year it might reach $1.54 before trading at $2.13 in 2027. By 2028, ALEPH could be worth $3.07, the site thinks, before it trades at $4.42 in 2029. The next decade could start with the token worth about $6.68 before a predicted shoot to $9.25 in 2031.

Gov.Capital has an Aleph.im crypto price prediction which sees it close 2022 at around  $0.407 before the token drops slightly to $0.4052 on 25 July 2023. A year from then, it could be worth about $1.06, Gov.Capital thinks. The site makes an Aleph.im price prediction for 2025 which sees the token start the year at around $1.92, before it reaches just under $1.96 on 25 July, with the token potentially closing the year at a little below $2.78. By 25 July 2026, ALEPH could be worth somewhere below $2.90, and 12 months from then it could possibly trade at $4, the site predicts.

PricePrediction.net argues for an ALEPH token price prediction which would see it trade at $0.34 in 2022, $0.50 in 2023 and $0.70 in 2024. In 2025, the suggestion is that it should be worth $0.97 before smashing past $1 in 2026 to trade at $1.37. In 2027, the token should be worth $1.98, the site claims,before it reaches $2.91 the following year and closing the decade at around $4.35. The site then makes an Aleph.im price prediction for 2030 that sees it worth $6.33 before it reaches $9.56 in 2031.

Finally, WalletInvestor is pretty upbeat, albeit cautiously so, with its ALEPH price prediction, saying that the token should reach $0.354 in July 2022 and $0.652 in five years’ time.

Final thoughts

While the ALEPH token seems to have been largely unaffected by the turmoil of the last few months, its overall price has remained oddly steady. It will be interesting to see whether the network and the token will be able to break through above current levels, or whether it will, as might be feared, fall below them.

In addition, the Aleph.im platform may be, to some newer investors, potentially niche. It remains to be seen if anything can be done and, if so, what the thing to potentially expand its market will be. As always with cryptocurrency, it makes sense to behave cautiously if you want to invest in ALEPH.

FAQs

How many Aleph.im are there?

As of 25 July 2022, there were a little under 207 million ALEPH in circulation out of a total supply of 500 million.

Is Aleph.im a good investment?

It might be, although a lot will depend on whether it can get out of the holding pattern it appears to have found itself in since the middle of April 2022. There is also how well, if at all, it responds to any potential market recovery. You will need to do your own research before investing in ALEPH.

Will Aleph.im go up?

It might do, but it could stay stagnant for some time. We also need to remind you that cryptocurrencies can be highly volatile and prices can go down just as easily as they can go up.

Should I invest in Aleph.im?

This is a question you will have to answer for yourself. Before you do so, you will need to do your own research, remember that 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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