Founded in 2018, the Alchemy Pay (ACH) crypto is one of the world’s first payment gateway solution provider, which looks to connect the connect fait and crypto worlds. Powered by the Ethereum blockchain network, the ACH crypto is one with a vision to allow the users to make seamless transactions at the Point-of-Sale and peer-to-peer remittance.
Envisioned by the payment gateway leaders from China and Singapore, the ERC-20 token can be used to allow the users of both fiat as well as crypto worlds to achieve their transactions in a faster, secure, and flexible manner. Besides the crypto-based payment solutions, the ACH token also offers services for decentralised finance (DeFi) and offers crypto investment solutions to the users. The ACH token has been seeing a fantastic Monday with volume rally of 800% and an overall rally of 24%.
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Reason for rally?
ACH token has been rallying on the back of the news of Binance listing. Binance has been a strong partner for Alchemy as the exchange announced a partnership with Alchemy in August 2021 to enable crypto payments to over 2 million global merchants. This latest listing seems to be an extension of support, and this could well go a long way in boosting the token’s reach by a long way.
From 10 January, Binance will open allow the users to trade in ACH/BTC, ACH/BUSD, ACH/USDT on its platform at 10:00 (UTC) and will allow the withdrawals from 11 January at 10:00 (UTC).
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Besides, now through the Alchemy Pay, the Algorand (ALGO) users can take advantage of direct fiat payment channels into their network. The partnership will Alchemy Pay is expected to help the ALGO users to make their crypto investments using standard fiat payments such as Mastercard, PayPal etc.
Is ACH token worth investing in?
ACH token is ranked 256 on CoinMarketCap. According to CoinMarketCap, the ACH was trading at US$0.078474 with a trading volume of US$156,830,000 over a day. The Binance listing definitely lifted the market sentiment for ACH and was up by 30% in the last 24 hours. ACH token had a live market cap of US$300,642,262 and a supply of 3,831,091,200 ACH coins.
Experts believe that the ACH token has a potential to be a good long-term investment. The Binance listing and ALGO partnership should definitely go a long way in boosting investors’ confidence and the listing on leading exchanges such as Coinbase, Huobi etc should also help. Experts are pretty bullish on its future and expect that the ACH could touch US$634.84 by 2027.
