Alchemix (ALCX) Overview
|💱 Ticker Symbol||ALCX|
|💸 Market Cap||$30,555,197|
|🚀 Trading Volume||$6,511,195|
|📈 Price Change (24h)||-14.82%|
|💰 Current Supply||1,685,775|
- Bullish Alchemix (ALCX) price predictions range between $81.56 and $154.07 by 2030.
- Market analysts believe ALCX could reach $63.44 by 2025.
- Bearish Alchemix market price prediction for 2023 is $14.50.
Alchemix (ALCX) Introduction
Scoopy Trooples is headed by a group of anonymous developers who built Alchemix (ALCX). The platform was introduced in February 2021. Since then, the team has developed a new vault where customers can deposit ETH and manufacture alETH tokens with a collateralization ratio of at least 400%.
Shortly after the ETH vault’s launch, there was an incident when users were able to withdraw their collateral without paying back their loans, causing a loss of more than 2,200 ETH. To retrieve more than half of the lost ETH, the Alchemix team established a campaign to encourage users to do so in exchange for special NFT and ALCX awards.
Alchemix is dedicated to decentralization and intends to transform itself into a DAO run entirely by the community by implementing fully on-chain governance. In the future, a percentage of the protocol’s overall yield will be transferred to the DAO treasury to pay developers and permanent personnel for the protocol’s expansion and upkeep.
What is Alchemix (ALCX)?
Alchemix Finance is a network for future-yield-backed synthetic materials and a collective DAO. Through an artificial token that represents a fungible claim on any underlying collateral in the Alchemix protocol, the platform or policy gives advancements in a user’s yield farming.
There are four primary parts to Alchemix. Alchemix Dao, token distribution, transmuter, and vaults. The vault serves as the focal point for producing yield advancements. Similar lending systems such as AAVE and MakerDAO are comparable to it. The transmuter lets people risk their synthetic values, subsequently converting them into their basic resources.
By creating a synthetic version of their DAI collateral and using a variety of procedures to tie the artificial token to the deposited asset, the platform enables customers to receive advances on their yield. In addition, the collateral will work and generate income for Yearn Finance Network (YFN).
Alchemix (ALCX) Technical Analysis
Utilizing quantitative indicators to assess statistical trends and forecast price direction in the cryptocurrency market is known as technical analysis. One may look at historical price movements and volume data to understand how the market functions and forecast how it will affect future price changes.
Technical analysis techniques evaluate the cryptocurrency markets and pinpoint trading opportunities through price movements and patterns visible on charts. They are predicated on the idea that a cryptocurrency’s historical trading activity and price fluctuations serve as important indicators of future price and activity.
The popular momentum oscillator, the Relative Strength Index (RSI), can determine whether a cryptocurrency is overbought (below 70) or oversold (below 30). (above 70). The ALCX market is neutral, as the RSI reading is 43.80.
The Moving Average is considered one of the most popular indicators in all markets (MA). MAs are utilized as technical analysis and trading indicators, separately and in combination with other indexes like Bollinger Bands. The moving average measures the price at which an asset has traded over a specified period, just as its name implies. This can take the shape of an “Exponential Moving Average,” which gives the most current prices more weight, or a fundamental moving average,” which is a straightforward arithmetic average.
Bollinger’s bands are a common supplementary tool. Its three lines are a simple moving average, a lower, and an upper band. Traders use these bands to determine the strength of a trend and the best time to enter the market.
Since Navcoin is overbought when it is over the top range, traders will stay away from it at that point. On the other hand, since it is below the lower band, it is thought to be undersold, making it a desirable offer to enter.
Being vigilant is advised because investing in cryptocurrencies has complex and nuanced risks and rewards due to their volatility.
Oscillators For Alchemix Tokens:
An oscillator creates high and low bands between two extreme values to create a trend indicator that swings within these parameters. Traders use the trend indicator to identify short-term overbought or oversold positions.
Relative Strength Index (RSI):
The relative Strength Index (RSI) is a motion oscillator that may assess whether a cryptocurrency is overrated or underpaid.
A marketer uses candlestick charts, which are collections of several candles, to forecast potential changes in the market price of a particular crypto token. Candlestick charts, in a nutshell, are a technical tool that aids traders in putting together a comprehensive visual representation of how the price of a token or tokens has changed over a specific period.
To summarize, traders use candlestick charts to show the price development of an item. Candlestick charts provide much more information than a straightforward line chart, despite their initial difficulty in understanding. Candlesticks are an essential instrument for price action since they help to give out specific information about the price, such as
- Maximum price
- Minimum price
- Opening price
- The average trading price
- Closing price
After considering the volatility of cryptocurrencies, there is some correlation between cryptocurrency and stock prices. The same elements that influence stock values also influence the price of cryptocurrencies. Prices tend to follow the same trends because investors and traders treat cryptocurrencies like they do stocks.
Positively connected currencies with Alchemix could move in the same direction statistically more frequently than associated currencies. If Alchemix were to move in one direction, the currency with a negative relationship with Alchemix would move to the other.
Alchemix (ALCX) Token Fundamental Analysis
While the fundamental analysis does the opposite, traders utilize graphical analysis to focus on an asset’s performance, frequently down to the minute on trading charts. Trading has grown drastically.
The main goal of fundamental analysis is to determine an object’s “intrinsic value.” For example, consider several internal and external factors when choosing whether a cryptocurrency is overvalued or undervalued.
To forecast Alchemix price, look at what the project has accomplished or intends to accomplish soon. Long-term traders plan their purchases and sales of Alchemix around key events by keeping up with news about the currency and making other predictions.
“Invest on people, not products,” says the adage. In essence, this quotation captures the underlying analysis.’
Alchemix (ALCX) Current Price
Alchemix is currently worth $18.13 USD. ALCX has moved -14.82% in the last 24 hours with a trading volume of $6,511,195. Alchemix is currently ranked 483 amongst all cryptocurrencies with a market capitalization of $30,555,197 USD.
Utilizing the relative strength index (RSI), moving weighted average (MWA), williams fractal (fractal) and moving average convergence divergence (MACD) from the chart above, we can determine price patterns for Alchemix (ALCX) to decide wether it is going to have a bullish or bearish year.
Alchemix (ALCX) Price Prediction
|Year||Minimum Price||Average Price||Maximum Price|
Our price prediction forecasts use real-time Alchemix (ALCX) market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.
Alchemix (ALCX) Price Prediction 2023
Alchemix, according to some, is one of the most amazing cryptocurrencies to rise this year (ALCX). The ALCX price forecast for 2023 anticipates a significant increase in the year’s second half, possibly reaching $27.19.
As with other cryptocurrencies, the rise will be gradual, but no considerable drops are expected. Averaging $25.38 in price is quite ambitious, but it is feasible in the near future given anticipated collaborations and advancements. ALCX is expected to have a minimum value of $21.75.
Alchemix (ALCX) Price Prediction 2024
In 2024, Alchemix ALCX price prediction has much room for expansion. As a result of the potential announcements of numerous new partnerships and initiatives, we anticipate that the price of ALCX will soon surpass $45.31. However, we should wait to see if the ALCX’s relative strength index comes out of the oversold zone before placing any bullish bets.
Considering the market volatility, ALCX will trade with a minimum trading price of $36.25 and an average trading price of $39.88.
Alchemix (ALCX) Price Prediction 2025
If the upward trend continues until 2025, it could reach $63.44 and ALCX may profit. If the market experiences a decline, the goal may not be met. ALCX is expected to trade at an average price of $58.00 and a low of $54.38 in 2025.
Alchemix (ALCX) Price Prediction 2026
If Alchemix successfully boosts market sentiment among cryptocurrency enthusiasts, the ALCX coin price could remain stable for the next five years.
According to our projections, ALCX will be green in 2026. The ALCX is expected to reach and surpass its all-time high in 2026. In 2026, the virtual currency will be worth $81.56, with a minimum price of $72.50 and an average price of $76.13.
Alchemix (ALCX) Price Prediction 2027
After some extensive forecasting and technical analysis, we estimate the ALCX price is expected to cross an average price level of $94.25 by 2027, with a minimum price of $90.63 expected before the end of the year. Furthermore, ALCX has a maximum price value of $99.69.
Alchemix (ALCX) Price Prediction 2028
Due to the future partnerships that are expected to happen by 2028, we are expecting that a bullish trend will continue, bringing the average price to around $112.38. If ALCX manages to break the resistant level in 2028, we could see a maximum price of $117.81, failing to gather the support ALCX needs by 2028 could result in a low of $108.75.
Alchemix (ALCX) Price Prediction 2029
While ALCX is striving towards interoperability between networks to hasten interaction, the bullish trend from the previous year is expected to continue. So the minimum trade price has been placed at $126.88 and a yearly price close above $135.94 in 2029.
Alchemix (ALCX) Price Prediction 2030
By 2030, Alchemix will finally surpass its previous ATH values and record new price levels. The minimum price could be $145.00 and potentially reach a maximum price value of $154.07, averaging out at $148.63.
Alchemix (ALCX) Price Prediction 2031
The cryptocurrency market is known to be highly volatile which is one of the many reasons why price forecasting is a difficult task. BitcoinWisdom tries our best to forecast future price points with precision, however all predictions should not be taken as financial advice and you should DYOR (do your own research). In 2031, we are expecting cryptocurrency to have gained adoption across many sectors. As such, the maximum ALCX price in 2031 is projected to be $177.63 in the event of a bull run, with an average price level of $170.38.
Despite being in its early stages and experiencing some setbacks, the Alchemix initiative provides a potentially revolutionary new approach to interest and liquidation-free loans. Alchemix has the potential to significantly reduce the cost of loans and fight their predatory nature by giving customers the ability to borrow against the predicted profits of their future selves.
As long as you do thorough research on the maximum and minimum value and use the above price prediction methods to determine an average forecast price of Alchemix, you can look forward to a good investment. With a low Alchemix price today, you may purchase the cryptocurrency at a lower rate and make a profit once you see a price increase. But it would be even better to take a financial advisor on board before you decide to do an investment.
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What is the Alchemix (ALCX) price today?
Today, Alchemix (ALCX) is trading at $18.13 with a total market capitalization of $30,555,197.
Is Alchemix a good investment?
Alchemix proved to be one of the most talked about coins in the crypto space this past year. With this in mind, it is wise to say that ALCX is a good choice of investment.
How high can Alchemix go?
The average price of Alchemix (ALCX) can possibly reach $25.38 this year. Over the next 5 years, it is projected that Alchemix may surpass $117.81.
How much will Alchemix be worth in 5 years?
Based on the rising popularity of cryptocurrency and Alchemix, a long term investment in ALCX could see the price rise to $117.81 within the next 5 years.
How much will Alchemix be worth in 10 years?
If you invest in Alchemix today, as with any investment, a long term increase is expected. The price of ALCX could possibly rise to $230.19 within the next 10 years.
What will the Alchemix price be in 2024?
Alchemix (ALCX) price is expected to reach $45.31 by 2024.
What will the Alchemix price be in 2025?
Alchemix (ALCX) price is expected to reach $63.44 by 2025.
What will the Alchemix price be in 2026?
Alchemix (ALCX) price is expected to reach $81.56 by 2026.
What will the Alchemix price be in 2027?
Alchemix (ALCX) price is expected to reach $99.69 by 2027.
What will the Alchemix price be in 2028?
Alchemix (ALCX) price is expected to reach $117.81 by 2028.
What will the Alchemix price be in 2029?
Alchemix (ALCX) price is expected to reach $135.94 by 2029.
What will the Alchemix price be in 2030?
Alchemix (ALCX) price is expected to reach $154.07 by 2030.
What will the Alchemix price be in 2031?
Alchemix (ALCX) price is expected to reach $177.63 by 2031.
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