Why is Alchemy Pay (ACH) crypto soaring today?

Follow us on Google News:
 Why is Alchemy Pay (ACH) crypto soaring today?
Image source: © Esserdavid | Megapixl.com


  • As per the whitepaper, Alchemy Pay was built to fill the gap between the fiat and crypto worlds.
  • The ACH crypto is the native token of Alchemy Pay, and it is an ERC-20 token.
  • Alchemy Pay integrates technology and traditional finance to drive mainstream adoption of cryptocurrencies.

The price and volume of Alchemy Pay (ACH) crypto have been rising in the past day as the cryptocurrency market recorded a slight gain worldwide. In the last 24 hours, the global crypto market cap surged 0.4% to US$ 1.27 trillion.

At the time of writing, Bitcoin's dominance had increased by 0.4% to 44.69 per cent. It was trading at US$ 29,750.58 per token after 1.4 per cent over the previous day, according to CoinMarketCap data.

The price of ACH crypto was up by 12.3 per cent over the previous day to US$ 0.02435 per token. Meanwhile, the volume of Alchemy Pay soared over 227% to US$ 190.6 million at 3 AM EST.

What is Alchemy Pay?

As per the whitepaper, Alchemy Pay was built to fill the gap between the fiat and crypto worlds. It was founded in Singapore in 2018 as a payment solutions provider.

The network connects fiat and crypto economies for institutions, developers, global consumers, and merchants. According to CoinMarketCap, Alchemy Pay is supported in more than 70 countries and has touchpoints with over two million merchants through partnerships with QFPay, Binance, and Shopify.

Also Read: What is LockPay and is it a pump and dump scheme?

The ACH crypto is the native token of Alchemy Pay, and it is an ERC-20 token. The network was designed to promote the adoption of cryptocurrencies and support the virtual currency's mission to provide financial freedom.

Alchemy Pay integrates technology and traditional finance to drive mainstream adoption of cryptocurrencies. The ACH crypto is listed on cryptocurrency exchanges like DigiFinex, Binance, Bybit, and Hotcoin Global.

ACH crypto

Bottom line

The ACH crypto could be gaining investors' attention as Alchemy Pay announced on Twitter that it has partnered with Binance to enable Binance Pay crypto payments for Instpower, allowing users to rent a power bank.

The facility of crypto payments will be available at 14,000 locations in countries like Austria, Canada, Mexico, Japan, and Germany.

The total supply of the ACH crypto is 10 billion, and the circulating supply is 4.49 billion. Notably, the cryptocurrency market is going through tough times as the global market cap has declined massively from the US$ 2 trillion mark.

Investing in cryptocurrencies is risky, and it is important to assess the risk capacity before trying to earn profit from the virtual currencies.

Also Read: What is AgeOfGods (AOG) crypto and why its volume soared 1200%?

Risk Disclosure: Trading in cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory, or political events. The laws that apply to crypto products (and how a particular crypto product is regulated) may change. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading in the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Kalkine Media cannot and does not represent or guarantee that any of the information/data available here is accurate, reliable, current, complete or appropriate for your needs. Kalkine Media will not accept liability for any loss or damage as a result of your trading or your reliance on the information shared on this website.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Incorporated (Kalkine Media), Business Number: 720744275BC0001 and is available for personal and non-commercial use only. The advice given by Kalkine Media through its Content is general information only and it does not take into account the user’s personal investment objectives, financial situation and specific needs. Users should make their own enquiries about any investment and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media is not registered as an investment adviser in Canada under either the provincial or territorial Securities Acts. Some of the Content on this website may be sponsored/non-sponsored, as applicable, however, on the date of publication of any such Content, none of the employees and/or associates of Kalkine Media hold positions in any of the stocks covered by Kalkine Media through its Content. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used in the Content are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used in the Content unless stated otherwise. The images/music that may be used in the Content are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated or was found to be necessary.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK