Akropolis (AKRO) Price Outlook
Bullish predictions for Akropolis (AKRO) estimate its price to range between $0.06 and $0.09, with analysts suggesting a potential rise above $0.085. Conversely, a bearish forecast for 2023 anticipates a downturn to as low as $0.00340.
Understanding Akropolis (AKRO)
Akropolis operates as a decentralized finance (DeFi) protocol built on the Ethereum blockchain. The platform’s primary goal is to establish a self-sustaining financial ecosystem that facilitates wealth accumulation through lending and borrowing. To achieve this, Akropolis offers various products, including AkropolisOS, a framework designed for creating profit-generating decentralized autonomous organizations (DAOs). Additional offerings include Sparta, which focuses on uncollateralized lending, and Delphi, a yield farming aggregator that aids in dollar-cost averaging. The governance token for the Akropolis protocol is AKRO, which is an ERC-20 token utilized throughout its suite of services. Founded in 2017 by Ana Andrianova, Kate Kurbanova later joined as a co-founder. The validation of AKRO’s on-chain transactions occurs through Ethereum’s proof-of-work consensus mechanism.
Current Market Condition of Akropolis (AKRO)
According to CoinMarketCap, the total supply of Akropolis (AKRO) is capped at 5,000,000,000 tokens, with a circulating supply of approximately 4,366,049,675 AKRO. Presently, AKRO is trading at $0.0175, reflecting a 24-hour decline of 9.57%. The trading volume for AKRO within the last day has reached $61,031,715, marking a decrease of 25.22%. Noteworthy exchanges for trading AKRO include Huobi Global, Binance, MXC.COM, KuCoin, and Uniswap (V2). With a foundational understanding of AKRO and its market status, we will now delve into a detailed price analysis for 2023.
Akropolis (AKRO) Price Analysis for 2023
Will the latest upgrades and changes to the AKRO blockchain positively influence its price trajectory? Additionally, how might shifts in the broader payment and cryptocurrency landscape impact investor sentiment regarding AKRO in the long term? This analysis aims to uncover these aspects.
Price Analysis Using Bollinger Bands
Bollinger Bands, created by John Bollinger, function as a price envelope that indicates upper and lower limits within which a cryptocurrency’s price may fluctuate. These bands utilize the principles of standard deviation over a specified time period. The upper band is derived by adding twice the standard deviation to the Simple Moving Average (SMA), while the lower band subtracts twice the standard deviation from the SMA.
Current trends indicate that AKRO has been experiencing significant growth since late July, frequently interacting with the upper Bollinger Band. This suggests that despite the token being overbought, buying pressure remains strong, driving prices higher. However, recent observations indicate a substantial candlestick formation, which could signal the onset of a downward trend. Should AKRO begin to decline, the potential for a steep drop exists.
The accompanying chart illustrates the Bollinger Band super V2 trend indicator, highlighting the prevailing uptrend with green markers. Although minor fluctuations were noted, the current upward movement is the most substantial observed for AKRO. Furthermore, the Bollinger bandwidth percentile indicates that the bands have widened considerably, suggesting a contraction and less volatility may occur in the near future.
Price Analysis Using Relative Strength Index
The Relative Strength Index (RSI) is a critical indicator for assessing whether a cryptocurrency is overvalued or undervalued. It delineates two extreme zones: overbought and oversold. An RSI reading above 70 indicates overbought conditions, suggesting that heightened demand has driven prices up. Conversely, an oversold condition indicates that excessive selling has led to undervaluation.
Currently, AKRO’s RSI stands at 74.25, indicating it is significantly overbought and may be due for a price correction soon. The appearance of a red candlestick near the upper band could signal the initiation of this correction phase. If this scenario unfolds, AKRO’s value may decline, resulting in a lower RSI reading. However, should AKRO’s value decrease while the RSI continues to climb, this could lead to a bullish divergence, indicating that prices may continue to rise.
The chart reveals that AKRO has surpassed the crossover into the overbought region. However, since it has reached the upper Bollinger Band, a retracement is highly likely. If such a retracement occurs, AKRO may seek support near the crossunder overbought level. Should this support fail, a drop to the bull zone may follow.
Price Analysis Using Moving Averages
The Exponential Moving Average (EMA) offers a different perspective compared to the Simple Moving Average (SMA), as it places greater emphasis on recent price data. Accordingly, when plotted, the EMA provides insights into a cryptocurrency’s past performance.
In this analysis, the 50-day EMA is recognized as a short-term indicator, while the 200-day EMA serves as a long-term gauge. A Golden Cross is identified when the 50-day EMA crosses above the 200-day EMA, while a Death Cross occurs when it crosses below. For our analysis, we will consider the 50-day EMA as the long-term and the 10-day EMA as the short-term.
Currently, AKRO is trading above both EMAs, indicating a bullish trend. However, if selling pressure mounts, the 50-day EMA may act as a support level. Should this support fail, AKRO may look to the 200-day EMA for assistance.
Akropolis (AKRO) Price Forecast for 2023-2030
Below is a summary of projected price points for AKRO from 2023 to 2030:
Year | Minimum Price | Average Price | Maximum Price
—-|—————|—————-|—————-
2023 | $0.0550 | $0.0835 | $0.0950
2024 | $0.0900 | $0.1101 | $0.1200
2025 | $0.1500 | $0.1950 | $0.2500
2026 | $0.0900 | $0.1260 | $0.1800
2027 | $0.1400 | $0.1650 | $0.1900
2028 | $0.1700 | $0.1900 | $0.2200
2029 | $0.1900 | $0.2700 | $0.3000
2030 | $0.2150 | $0.2613 | $0.3500
2040 | $0.3800 | $0.4981 | $0.5200
2050 | $0.6900 | $0.7326 | $0.7800
Short-term Price Prediction for AKRO in 2023
The chart indicates a sharp upward trend for AKRO. Given its current position near the upper Bollinger Band and the overbought status indicated by the RSI, a support test is likely in the near future. Should this occur, AKRO may seek support around the $0.01092 mark. If this level does not hold, it may drop to $0.00339. Additionally, trading activity appears to be more pronounced in downward movements, suggesting a potential revisit to the Point of Control near $0.00510.
Conversely, if AKRO maintains its growth trajectory, it may surpass the $0.06 threshold and aim for $0.08352, based on previous patterns where AKRO experienced similar price movements. If buying pressure persists, AKRO could exceed the $0.0835 benchmark.
Identifying Resistance and Support Levels for AKRO
Analysis of AKRO’s historical performance reveals a notable rise from November 2020 to April 2021, followed by a significant decline that brought it down to the 4:1 Gann line before experiencing a brief resurgence. In November 2021, the asset faced another downturn, reaching a low of $0.00266, which subsequently became a support level. Since then, AKRO has been trading sideways. Currently, it appears to be moving towards the 3:1 Gann line. If this upward momentum continues, AKRO may breach this line.
Akropolis (AKRO) Price Projection for 2024
The upcoming Bitcoin halving in 2024 is anticipated to create a favorable market sentiment, encouraging investors to accumulate more coins. Historically, however, the year of BTC halving did not yield peak prices for AKRO. Consequently, it is forecasted that AKRO will not fall below $0.1101 by the close of 2024.
Akropolis (AKRO) Price Projection for 2025
Following the Bitcoin halving, AKRO is expected to experience a substantial price increase compared to its 2024 valuations. Many analysts believe that the halving could have a significant positive effect on the broader cryptocurrency market. Like other altcoins, AKRO is projected to form new resistance levels and exceed the $0.1950 mark in 2025.
Akropolis (AKRO) Price Projection for 2026
After an extended bullish phase, a bearish trend is expected to emerge, potentially impacting most cryptocurrencies negatively. During this downturn, AKRO may retreat to its support levels, with projections suggesting a trading price around $0.1260 by 2026.
Akropolis (AKRO) Price Projection for 2027
Market expectations suggest a return to bullish sentiment following the bearish phase. Anticipation surrounding the next Bitcoin halving in 2028 may also contribute to renewed vigor among traders. However, a price dip is likely before the market rebounds, with forecasts indicating a trading price of approximately $0.1650 by the end of 2027.
Akropolis (AKRO) Price Projection for 2028
As the cryptocurrency community looks forward to the next Bitcoin halving, AKRO is likely to reflect its past behavior during previous halvings. By the end of 2028, a surge in prices could see AKRO trading at around $0.1900.
Akropolis (AKRO) Price Projection for 2029
The year 2029 is anticipated to witness another bullish phase, spurred by the effects of Bitcoin’s halving. Analysts predict that the cryptocurrency market will begin stabilizing during this period, with AKRO potentially reaching a price of $0.2700 by the year’s conclusion.
Akropolis (AKRO) Price Projection for 2030
Following a bullish market phase, AKRO and other altcoins are likely to enter a period of consolidation, trading sideways with occasional minor spikes. By the close of 2030, AKRO may be valued at approximately $0.2613.
Long-term Price Projection for Akropolis (AKRO) by 2040
Long-term forecasts for AKRO suggest the potential for achieving a new all-time high (ATH). This milestone could prompt HODLERS to consider selling their holdings, which might subsequently drive the price down. It is projected that by 2040, the average price of AKRO could reach around $0.4981.
Future Price Projection for Akropolis (AKRO) by 2050
As cryptocurrencies gain widespread acceptance and recognition by the 2050s, public trust in digital assets is expected to grow. Consequently, AKRO could reach a price of around $0.7326.
Conclusion
If interest in AKRO persists among investors, leading to increased holdings in this token, its value is likely to continue rising. Current bullish projections indicate a target price of $0.0835 for AKRO.
Frequently Asked Questions
What is Akropolis (AKRO)?Akropolis is a decentralized finance protocol based on the Ethereum blockchain.
How can I purchase Akropolis (AKRO) tokens?AKRO tokens are available for trading on various exchanges, including Huobi Global, Binance, MXC.COM, KuCoin, and Uniswap (V2).
Is there a chance that the Akropolis (AKRO) token will exceed its previous all-time high?There is potential for AKRO to surpass its all-time high of $0.08861 achieved in April 2021, particularly if investor sentiment remains positive.
Will AKRO reach $0.085 soon?Given its recent bullish performance, AKRO may reach the $0.085 mark in the near future if momentum is sustained.
Is AKRO a wise investment?AKRO has proven to be a strong investment option within the cryptocurrency market, exhibiting significant growth that could attract more investors.
What is the current all-time low price of AKRO?The current all-time low price for AKRO is $0.0005343.
What is the maximum supply of AKRO?The maximum supply of AKRO is 5,000,000,000 tokens.
Where can I store AKRO?AKRO can be securely stored in cold wallets, hot wallets, or exchange wallets.
What is the expected price of Akropolis (AKRO) in 2024?By 2024, AKRO is projected to reach $0.1101.
What will be the expected price of Akropolis (AKRO) in 2025?By 2025, AKRO is anticipated to reach $0.1950.
What will be the expected price of Akropolis (AKRO) in 2026?By 2026, AKRO is forecasted to reach $0.1260.
What will be the expected price of Akropolis (AKRO) in 2027?By 2027, AKRO is projected to reach $0.1650.
What will be the expected price of Akropolis (AKRO) in 2028?By 2028, AKRO is expected to reach $0.1900.
What will be the expected price of Akropolis (AKRO) in 2029?By 2029, AKRO is anticipated to reach $0.2700.
What will be the expected price of Akropolis (AKRO) in 2030?By 2030, AKRO is expected to reach $0.2613.
What will be the expected price of Akropolis (AKRO) in 2040?By 2040, AKRO is projected to reach $0.4981.
What will be the expected price of Akropolis (AKRO) in 2050?By 2050, AKRO is expected to reach $0.7326.
Disclaimer
The insights and opinions expressed in this price prediction are intended for informational purposes only. Readers are encouraged to conduct their research and due diligence. Any actions taken based on this information are at the reader’s own risk. The publisher of this content is not liable for any losses incurred as a result of utilizing the information, products, or services mentioned. Caution is advised before taking any action related to cryptocurrency investments.
