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Wednesday, September 27, 2023

What is Alchemy Pay (ACH) & why is it surging?

Alchemy Pay (ACH) started off on an uptrend during the weekly timeframe. The uptrend could not be sustained into the week but after a few minor breaks, the token resumed its trajectory. During the past twenty-four hours, cryptocurrency has increased by 38%. The daily trading volume has also increased by nearly 250%, suggesting high activity on the network. At the time of writing, the ACH token stands at a price level of $0.056. Alchemy Pay is currently standing at a market rank of #258.

What is Alchemy Pay?

Alchemy Pay has brought the first hybrid crypto to the fiat payment system to the blockchain industry; hence, it benefits from the first-mover advantage. It is an all-in-one platform that offers services online as well as offline. The online system is supported by an application that enables crypto transfers while the offline services include point of sale and payment terminals. The scope of the platform covers popular cryptocurrency exchanges to retail merchants, everyday users, and much more.

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The proposition of the token is highly valuable especially as a trend of convergence is expected to become dominant between the crypto and fiat currencies in the upcoming years. Alchemy Pay combines the pros of both fiat and cryptocurrencies to enable a fast and efficient system of global payments. The ACH crypto runs the platform and has a pre-determined supply. Being a holder of the token offers many advantages like the chance to participate in the governance of the ecosystem etc.

Why is ACH surging?

Alchemy Pay is a strong project in the crypto market and has a strong standing which is further reinforced by its first-mover advantage. The platform has also been able to achieve many developments during the previous year like setting up a fund to incentivize developments and launching their crypto Mastercards. The token also got listed on various popular exchanges during the previous year and the same pace is reflected during the current year as ACH got listed on XT.com and India’s leading crypto exchange, WazirX. This is a testament to the growth trajectory of the platform. Binance staking has also incorporated the token into its pool and offers as high as 200% yield on ACH. The positive developments that have been happening recently have resulted in a surge of the token and the community is highly bullish on Alchemy Pay.

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