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Alchemy Pay Fundamental Analysis
Alchemy token (ACH) is an official token on the Alchemy Pay network — a project aiming to bridge the traditional fiat and cryptocurrency payments, providing a wide variety of payment options for customers and keeping it easy for merchants to accept those transactions. Alchemy Pay was founded in Singapore in 2018.
Traditional electronic payment systems, while convenient, have some shortcomings. For example, it’s expensive to send money across borders, and for unbanked residents, it’s nearly impossible. The existing system is not always convenient for large companies, too, as they have to manage payments for each regional branch according to its own set of rules. Blockchain technology and the associated cryptocurrency usage may solve those problems, but they are not adopted widely enough, especially by merchants. So, Alchemy Pay was developed to serve as a gateway between those two means of payment. It can be embedded into apps, POS (point-of-sale) terminals, web forms, etc., and works with a wide variety of currencies, so the customer can choose the most convenient way to pay, crypto or fiat, and the merchant will receive it as local currency.
ACH tokens are issued to incentivize Alchemy Pay’s users: both customers and merchants receive a percentage of the transaction as a cashback deposited in ACH. The project’s team is planning continuous development of profitable and robust tokenomics for its users.
Alchemy Pay Live Price Chart
Alchemy Pay started trading in October 2020, during the latest wave of projects in the crypto space. After a short spike reaching ~$0.04, ACH’s price action was unremarkable, its chart rarely going above $0.015. This changed in early August 2021, when Alchemy Pay generated a lot of interest after its listing on Coinbase Pro. The well-known “Coinbase effect” triggered a meteoric rise in ACH token price, which hit an all-time high of $0.1975 on August 6. While Alchemy crypto’s price has declined since then, it has mostly been keeping above $0.09, which is a significant improvement against the previous months. Long-term Alchemy Pay price predictions are positive too, which points at the ACH coin’s potential for growth.
Alchemy Pay Technical Analysis
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