What is Alchemy Pay (ACH) crypto & why is it skyrocketing?

Follow us on Google News:
 What is Alchemy Pay (ACH) crypto & why is it skyrocketing?
Image source: Volodymyr_Shtun,Shutterstock

Highlights

  • The price of ACH token was up over 44%
  • It gave a return of over 2,645% over the past 12 months
  • Binance announced that it would list the ACH token on its platform

The Alchemy Pay (ACH) token was in the limelight on Monday, following a recent rally in its prices. Its price surged over 44% at 3:51 am ET on January 10, while its volume for the last 24-hours was up over 356%.

What is Alchemy Pay (ACH)?

Alchemy Pay has reportedly pioneered the first payment gateway solution in the world for filling the gap between fiat and cryptocurrency economies. Apart from the payments, it also provides smooth and easy access for investing in cryptocurrencies, blockchain services, decentralized finance (DeFi) solutions, while serving the crypto enthusiasts and new investors in the crypto and blockchain technology.

 

It was founded in 2018 and as it continued to grow, it partnered with Binance and QFPay, which also helped in increasing its end-user and merchant touch-points. ACH is an ERC-20 token that is primarily utilized for incentivizing the participation of all major roles in the hybrid ecosystem of Alchemy Pay crypto-fiat.

Also Read: Why is Dash (DASH) crypto trending?

Binance is listing Alchemy Pay (ACH) token on its platform

Source: *Data provided by CoinMarketCap.com

Also Read: MetaGods crypto launches single staking pool for MGOD – Know more

Total supply of Alchemy Pay (ACH) token:

The maximum supply of ACH is ten billion, while its circulating supply is derived from initial allocations of 62% for utility and 38% for stakeholders.

The token can be purchased from a number of exchanges like Coinbase, Uniswap, Gate.io, etc. In addition, Binance also announced that it would list Alchemy Pay (ACH) in its platform for trading at 5 am ET on January 10.

Also Read: TrumpCoin (TRUMP) gets a thumbs-up on meme contest

Pricing of ACH:

The ACH token was priced at US$0.08688 at 4:12 am ET on January 10, up 44.95%. It has a market cap of US$332.85 million and its volume for the last 24-hour was US$101.05 million, representing an increase of 356.29%.

The token saw the highest price of US$0.1975 and lowest price of US$0.001338 in the last 52 weeks. It reached its all-time high of US$0.1975 on August 6, 2021.

Also Read: Why is SuperFarm (SUPER) crypto drawing attention?

Bottom line:

The token has witnessed a robust gain in recent months. The ACH token jumped more than 2,645% over the past 12 months. However, the volatility in the crypto market is also higher than in the other markets. So, an investor should closely evaluate the risks and uncertainties related to digital assets before considering an investment.

Disclaimer

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 Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments 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 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 on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website 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 as or 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