Hello there! My name is Carina, and I’m a blockchain and cryptocurrency enthusiast. I’ve been interviewing and interviewing blockchain and cryptocurrency experts to help me with my cryptocurrency price predictions for the coming year.
Aion is a cryptocurrency that’s built on the Ethereum blockchain that’s named after the Greek deity of creation according to their website. The cryptocurrency started trading in the market in December 2017 at a price range of around $0.10 to $0.20 per coin and it’s been steadily rising until today.
Aion [AION] is an open-source blockchain platform that enables the development of dApps and smart contracts, along with the storage and transfer of data. The initial coin offering for AION started on January 5th, 2017.
- The range of bullish AION price predictions is $0.25 to $0.56.
- The price of AION may potentially exceed $0.80.
- For 2023, the AION pessimistic market price forecast is $0.15.
We utilize data, price trends, ADX, and other information about AION to evaluate the cryptocurrency’s future movement in AION price forecast 2023.
Aion is a multi-tier blockchain framework for interconnecting blockchains. The AION token is used to create new blockchains, monetize inter-chain bridges, and protect the whole network. AION was developed by Nuco, which was established in the spring of 2016.
Aion features a fortune system that rewards community members for assisting with technical help, documentation, and other tasks. AION is currently mined using a modified Equihash Proof-of-Work algorithm.
Aion’s Current Market Situation (AION)
The price of Aion is $0.198, according to Coingecko, with a 24-hour trading volume of $14,426,731 at the time of writing. In the past 24 hours, however, AION has risen to 4.06 percent.
Furthermore, there are 494,841,926 AION coins in circulation. AION is currently traded on Binance, BiONE, KuCoin, Bitrue, and Pionex, among other cryptocurrency exchanges.
Price Prediction for Aion (AION) in 2023
On CoinGecko, Aion (AION) is now ranked 398th. The price of AION in 2023 is forecasted using a daily time period, as shown below.
Falling Wedge Pattern (AION/USDT) (Source: TradingView)
When price bounces between two downward sloping, converging trendlines, it forms a falling wedge pattern, which is a continuation pattern. It’s a bullish chart pattern, but depending on where it occurs in the trend, it may also suggest reversal or continuation patterns.
AION is now trading at $0.198. Following that, AION would continue to follow the pattern of an uptrending price chart. Furthermore, AION’s price will break out at $0.20 and may hit the $0.64 resistance level. If the trend continues, AION’s price may decrease below $0.15.
Support and Resistance Levels for Aion (AION)
The chart below depicts Aion’s support and resistance levels (AION).
Support and Resistance Levels for AION/USDT (Source: TradingView)
The following are the resistance and support levels of AION, as shown in the preceding chart.
- $0.25 is the first level of resistance.
- $0.38 is the second level of resistance.
- $0.56 is the third level of resistance.
- Level 1 Support – $0.15
- Level 2 Support – $0.09
- Level 3 Support – $0.06
The graph shows AION’s negative performance over the past month. AION, on the other hand, will climb in a bullish trend. If the trend were to reverse, AION might fall below $0.15, indicating a negative indication.
Average Directional Index (AION) (ADX)
Let’s take a look at the AION’s Average Directional Index (AION) (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is forming. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
The ADX of AION is in the region of 45.07, indicating a strong trend, as seen in the chart above.
Conclusion
AION is a cryptocurrency that is ideal for long-term investment. Furthermore, the AION price forecast is positive in the near future. It has a decent probability of hitting $0.64 by the year’s conclusion. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the advances and updates to the AION ecosystem, AION’s performance is expected to increase to $0.64 in the near future. However, if investors think AION is a solid investment in 2023, it might hit $0.80.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
The Aion Network is a decentralized network that allows you to build and run decentralized applications (DApps) on top of its blockchain. The Aion Network is built on top of the existing Ethereum network, which means that the network can be leveraged to create decentralized applications. The Aion Network also allows different blockchains to run the same network in order to create interoperability and a bigger network for the whole blockchain industry. An important point to note is that the Aion network is not trying to compete with existing blockchains like Ethereum or Bitcoin. Instead, the Aion network aims to be a decentralized network that is as scalable as the Ethereum network. How do you think Aion and Ethereum will fare over the longrun?. Read more about aion price prediction reddit and let us know what you think.
Frequently Asked Questions
Is Aion a good investment 2023?
Aion is a good investment in 2023.
What is future of Aion?
Aion is a free-to-play MMORPG that was originally released in 2009. It has been updated regularly since then, and the game still remains popular today.
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