Alchemy Pay (ACH/USD) price has continued to defy odds as it becomes one of the top-performing cryptocurrencies. ACH has soared to a high of $0.044, the highest level since April 2022. It has been one of the best tokens, having soared by over ~480% from its lowest level in December.
Alchemy Pay price is soaring mostly because of the bullish momentum and the fact that many traders have embraced fear of missing out (FOMO). This FOMO gained strength after Visa, the biggest financial services company in the world, listed it as a payment provider.
Visa is not the only company to partner with Alchemy Pay. On Monday, the firm said that it had added Google Pay for on-ramp services. This means that users will be able to buy cryptocurrencies in its platform using Google Pay.
ANNOUNCEMENT
Our on-ramp now supports Google Pay to allow users to purchase crypto quickly, easily, and securely using their fiat currency funds.
Read more here
https://t.co/iwQI0hnTjg$ACH #FiatOnRamp pic.twitter.com/qPUzBGiUuy
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) February 20, 2023
At the same time, the strong performance of cryptocurrencies like Bitcoin and Ethereum has led to inflows into the industry. Companies like Coinbase and Binance have recorded billions in inflows this year even as regulatory concerns remain.
Therefore, with the number of crypto holders rising, the consensus is that Alchemy Pay will benefit as these people start or continue paying with them. Also, it will benefit as the volume of its on-ramp services makes a strong comeback.
Alchemy Pay price forecast
Turning to the daily chart, we see that the ACH price has been in a strong bullish trend since December. It has defied gravity for weeks. As it rose, it managed to move above several resistance levels, with the most recent being the psychological point at $0.30. It also jumped above the resistance point at $0.2254, the highest point on July 19.
Alchemy Pay has jumped above all moving averages while oscillators like the Relative Strength Index (RSI) have moved to the overbought level. I suspect that the coin will likely pull back and retest the support at $0.2254 as profit-taking sets in. This price is about 44% below the current level. In other words, the risk/reward seems unfavourable.
If this happens, ACH price will likely resume the bullish trend and rise to the key resistance point at $0.50.
How to buy Alchemy Pay
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Alchemy Pay’s (ACH) price surged to the highest point since July 2022 as the small-cap token continued its recovery process. ACH jumped to a high of $0.018, which was about 131% above the lowest level in 2022. According to CoinMarketCap, Alchemy has a market cap of over $78 million.
Twitter looking for crypto payments
Alchemy Pay is a leading company that provides crypto payment solutions. It works as the middleman who helps companies from around the world. Instead of building their own payment infrastructure, these companies use its technology easily.
Alchemy has partnerships with some of the biggest companies in the world like Shopify, which is one of the top e-commerce providers. Shopify hosts millions of e-commerce stores in its ecosystem. Shop owners can then easily implement Alchemy by using its marketplace plugin.
Alchemy Pay also has a platform where users can easily buy cryptocurrencies. It is also a Visa partner, meaning that users can use their cards to pay with crypto, as we wrote here.
ACH price is rising after the Financial Times reported that Elon Musk was still pushing forward with his Twitter payment options. He wants the social media company to become a leading player in an industry that is seen as highly competitive.
The report also noted that crypto is part of that payment option. As such, investors hope that Musk could turn to Alchemy for this service. Alchemy itself sent a tweet making the case of integrating with its platform. It is still unclear whether Musk will turn to the company.
Great that #ElonMusk is pushing on with #TwitterPayments! We
payment innovation e have a headstart on Twitter with our fiat-crypto payment gateway…and we’d be happy to support you @Twitter
Try our on & off ramp here: https://t.co/gSlSdmcp2L #AlchemyPay $ACH #Payments pic.twitter.com/6P757k2Mfj
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) January 31, 2023
Alchemy Pay price prediction
Turning to the daily chart, we see that the ACH price has been in a strong bullish trend in the past few days. It has risen in the past five straight days. And as it rose, the token moved above the important resistance point at $0.015, the upper wick on January 16 and October 25 last year. The coin has moved above all moving averages and is below the 50% Fibonacci Retracement level.
Therefore, Alchemy seems to have a bullish momentum, which could see it soar to the next psychological level at $0.02. This view will be confirmed if it manages to rise above the intraday high of $0.018. However, a drop below the support at $0.012 will invalidate the bullish view.
How to buy Alchemy
Binance.US
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Uphold
Uphold is a platform which has over 50 cryptocurrencies to choose from.
It’s users can make crypto trades with a bank account, credit card or crypto debit card. It has variable fees and allows users to automate trades.
Users who are on Brave’s internet browser can also earn BAT tokens based on their browsing habits.
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Alchemy Pay’s Fiat Onramp solution will be integrated into Pear.
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ACH is up by more than 6% today, outperforming the broader crypto market.
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The total crypto market cap remains above $800 billion.
Alchemy Pay to integrate with Pear
The Alchemy Pay team announced a few hours ago that its Fiat Onramp Solution would be integrated into Pear, a non-custodial marketplace governed by DAO.
#AlchemyPay Fiat Onramp Solution will be integrated into @OfficialPearDAO in the near future!
With this collaboration, PearDAO’s users can pay with their preferred fiat payment methods directly to buy #cryptocurrencies and #NFTs.$ACH pic.twitter.com/VxMpAFvf5M
— Alchemy Pay: Fiat-Crypto Payment Gateway (@AlchemyPay) December 26, 2022
This latest cryptocurrency news means that PearDAO’s users can pay with their preferred fiat payment methods directly to buy cryptocurrencies and NFTs.
ACH, the native token of Alchemy Pay, is now up by more than 6% in the last 24 hours, outperforming the broader market. The total crypto market cap remains at around $810 billion, down by less than 1% so far today.
Bitcoin, the world’s leading cryptocurrency by market cap, is also up by less than 1% today. At press time, the price of Bitcoin stands at $16,852 and could break past the $17k resistance level soon.
Key levels to watch
The ACH/USD 4-hour chart is bullish, as Alchemy Pay has been performing well over the past few days. The technical indicators show that ACH could rally higher soon.
The MACD line is above the neutral zone, indicating that the bulls are currently in charge of the ACH market. The 14-day relative strength index of 64 also shows that ACH could enter the overbought region if the rally continues.
At press time, ACH is trading at $0.008435. If the rally continues, ACH could rally toward the $0.009313 resistance level in the near term.
However, it would need the support of the broader cryptocurrency market before it reaches the $0.010385 level it attained earlier this month.
Where to buy Alchemy Pay now
Uphold
Uphold is a platform which has over 50 cryptocurrencies to choose from.
It’s users can make crypto trades with a bank account, credit card or crypto debit card. It has variable fees and allows users to automate trades.
Users who are on Brave’s internet browser can also earn BAT tokens based on their browsing habits.
Swapzone
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
Alchemy Pay price went parabolic and then pulled back sharply on Thursday as demand for the coin rose. ACH, the fast-growing coin, rose to a high of $0.015, which was the highest level since October 14. At its peak, Alchemy was up by more than 50% from its lowest level this month.
What is Alchemy Pay and why is it rising?
Alchemy Pay is a small and fast-growing company that seeks to become the best payment platform in the industry. Its goal is to bridge the gap between fiat and cryptocurrencies. It does that by making it possible for people to pay for their favorite products using cryptocurrencies.
Alchemy Pay is widely used by some of the leading companies globally. Some of the top companies that have embraced Alchemy are Shopify, Arcadier, Checkout, and Nium.
ACH is the native token for the ecosystem. It is an Ethereum coin that is used to pay for transaction fees, rewards for network use, and lowering transaction costs, and it is pledged by business partners during the onboarding process. In addition, ACH has been used to provide rewards for users.
Alchemy Pay price has done well in the past few days as investors focus on the recent partnerships. This week, Alchemy Pay said that it had partnered with Nest Protocol. The partnership will help to bridge crypto and traditional fiat currencies. As a result, its on-ramp widget provides mainstream-friendly access to crypto services via cards and local mobile wallet.
Meanwhile, ACH price has risen after it made it possible for users to buy Aptos’ APT on its ramp project. Ramp is a platform that makes it possible for people to buy and sell cryptocurrencies cheaply.
ACH price forecast
Is ACH a good crypto to buy? The two-hour chart shows that the Alchemy Pay price rose to a high of $0.015. As it dropped, it moved below the important support at $0.012, which was the highest point on October 17. It remains slightly above the 25-period and 50-period moving averages.
Alchemy Pay’s Relative Strength Index (RSI) has moved below the overbought level. It has moved to the neutral level. Therefore, the coin will likely continue falling as sellers target the next key support level at $0.010. On the flip side, a move above the resistance at $0.13 will invalidate the bearish view.
How to buy Alchemy Pay
Uphold
Uphold is a platform which has over 50 cryptocurrencies to choose from.
It’s users can make crypto trades with a bank account, credit card or crypto debit card. It has variable fees and allows users to automate trades.
Users who are on Brave’s internet browser can also earn BAT tokens based on their browsing habits.
Swapzone
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
Alchemy Pay (ACH) appears to have entered an important consolidation phase. The coin has moved largely sideways after coming under pressure in the past two weeks. But despite this, ACH still remains in a bearish trend, and it will take something special to break this. Here are some facts:
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ACH has been bouncing off a very wide range, indicating wild volatility.
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The coin is over 77% lower than its 2021 all-time highs
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It remains below the crucial 25-day SMA, suggesting more weakness.
Data Source: Tradingview
Alchemy Pay (ACH) – when will the downtrend break?
It’s very hard to say right now when or how ACH will break this downtrend. After all, there are just too many risk factors. The threat of inflation, global economic fallout due to rising energy prices, and the war in Europe are some of the factors weighing down sentiment.
We expect the coin to continue dropping before it bottoms at its $0.032 support. After that, bulls can try to find any demand. At the time of writing, ACH was selling at $0.039. There is therefore still a long way to go before we reach the bottom.
We do not expect ACH to reclaim its all-time highs anytime soon as well. The coin will still remain volatile and could be perfect for short-term plays. As of now, ACH has a market cap of around $160 million and trade volume remains very low.
Is Alchemy Pay (ACH) sustainable?
Crypto-based payments are going to become huge in the near future. There are a ton of companies out there that are investing heavily in these projects and as such, Alchemy Pay (ACH) will get a lot of competition.
But this should not worry any investor. ACH has already established itself within both the centralised and decentralised payment ecosystem. It surely has so much potential for the future.
Alchemy Pay (ACH) has surged by over 70% after the token was listed on AscendEX and other exchanges. There was also a cross-chain launch as well on the Binance smart chain that helped push the price further. Here are some highlights:
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After listing on AscendEX, ACH rose to $0.0625, representing gains of over 70% over a period of less than a week.
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The coin has lost some of that momentum but is still bouncing after the listing news.
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At press time, it was down by around 6%, trading at $0.05186.
Data Source: Tradingview
Alchemy (ACH) – What does the future hold?
The crypto market has grown massively ever since Bitcoin was launched. However, even though the focus has largely been on decentralised blockchains, there are still some projects that are looking to integrate peer-to-peer payments solutions into the decentralised ecosystem.
Alchemy Pay (ACH) is one of them. The project is planning to bring mainstream consumer payments into the blockchain ecosystem and so far, it is making some decent progress.
After the 70% surge, we expect ACH to pull back a bit as it did today, falling by 6%. But the general longer-term outlook remains very bullish. In fact, some analysts see the token surging above $1 in the first quarter of 2022.
Why Alchemy pay (ACH) is a decent investment?
Peer-to-peer payment systems on the blockchain are not as mainstream as they are in traditional centralised finance. But there is huge potential. Many experts argue that as DeFi grows more into the blockchain ecosystem, consumer payments will drive much of that growth.
Alchemy Pay (ACH) has been trying to do this with a reasonable degree of success. With a market cap of around $220 million, you can expect the coin to expand further as peer-to-peer payments become more pronounced on the blockchain.