Monday, June 27, 2022

Why is Alchemy Pay (ACH) crypto on the rise today?

Alchemy Pay (ACH) crypto price and volume has been rising in the past days as the cryptocurrency market has registered modest gains across the globe. In the last 24 hours, the global crypto market cap rose by 0.4% to USD 1.27 trillion.

At the time of writing, bitcoin dominance had risen by 0.4% to 44.69 percent. According to data from CoinMarketCap, it was trading at US$29,750.58 per token, up 1.4 percent from the previous day.

The price of ACH crypto rose 12.3 percent to USD 0.02435 per token over the previous day. Meanwhile, Alchemy pay volume increased by over 227% to US$190.6 million at 3 AM EST.

What is Alchemy Salary?

According to the white paper, Alchemy Pay was created to fill the gap between the legal 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 over 70 countries and has touchpoints with over two million merchants through partnerships with QFPay, Binance and Shopify.

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

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

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

ground level

ACH may catch the attention of crypto investors 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 crypto payment facility will be available across 14,000 locations in countries such as Austria, Canada, Mexico, Japan and Germany.

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

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

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Also read: What is AgeOfGods (AOG) crypto and why did its volume increase by 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. The prices of cryptocurrencies are extremely volatile and can be influenced 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 instruments or cryptocurrencies you must 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 Where necessary, seek professional advice. Kalkine Media cannot represent or guarantee that any information/data provided herein is accurate, reliable, current, complete or appropriate to your needs. Kalkine Media will not accept liability for any loss or damage caused by your business or your reliance on the information shared on this website.


Nation World News Desk
Nation World News Desk
Nation World News is the fastest emerging news website covering all the latest news, world’s top stories, science news entertainment sports cricket’s latest discoveries, new technology gadgets, politics news, and more.
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