Crypto payment provider Alchemy Pay has announced its upcoming layer-1 blockchain, Alchemy Chain, a move aimed at streamlining fiat and cryptocurrency integration. Built on a Solana Virtual Machine (SVM) architecture, the new blockchain is expected to support Alchemy Pay’s payment ecosystem by offering scalable infrastructure for high transaction volumes.
This development has boosted interest in Alchemy Pay’s native token, ACH, which will serve as the utility token for covering gas fees on the network.
Alchemy Chain Role In Fiat & Crypto Payment
Alchemy Chain is designed to create a frictionless experience between fiat and cryptocurrency payments, aligning with Alchemy Pay’s goal of bridging traditional and digital finance.
The new blockchain will use a Trusted Proof-of-Authority (TPoA) mechanism to enhance security and transaction speed. With support for both ACH and fiat payments for gas fees, users will have more flexibility in managing transaction costs.
“Users can conveniently cover gas fees and transactions using either $ACH or fiat, with seamless conversion of profits and other on-chain earnings into fiat currency,” the company stated.
This dual-payment structure is a unique feature that could appeal to a broader user base, especially businesses that operate in both fiat and crypto.
Developer Tools and Support for Memecoin Projects
In addition to Alchemy Chain’s core functionalities, Alchemy Pay plans to launch tools to support developers and memecoin projects. These tools include a “Meme Launchpad,” which will allow creators to launch meme-based tokens with ease, and a “Meme Telegram Bot” that provides a user-friendly interface for interacting within the Alchemy ecosystem.
The company’s support for the memecoin sector is a strategic move to attract developers and tap into the growing demand for community-driven tokens.
The introduction of these developer tools reflects Alchemy Pay’s commitment to building a comprehensive ecosystem that caters to diverse projects. By simplifying entry for meme projects, Alchemy Chain aims to capture more engagement and innovation within its network.
Post the announcement, there has been a surge in trading activity in ACH derivatives. ACH derivatives volume saw a 482.83% increase, reaching $60.61 million, which indicates heightened interest in ACH futures and options. This spike in volume shows robust participation from traders who are speculating on ACH’s price movements.
Furthermore, open interest for ACH derivatives, which reflects the total number of outstanding contracts that haven’t been settled, rose by +44.52%, reaching $10.70 million.
Alchemy Pay Price Surges Over 7%
Following the Alchemy Chain announcement, the price of Alchemy Pay’s ACH token has gained momentum. According to crypto analyst CryptoBull_360, $ACH recently experienced a 13% surge after retesting a critical horizontal support level around $0.0085.
“This level has repeatedly acted as a strong base for $ACH, indicating substantial buying interest whenever prices dip to or near this threshold,” noted CryptoBull_360.
After bouncing from the support level, ACH has rallied to approximately $0.0097, with increased trading volume signaling strong market interest. Should the bullish momentum persist, key resistance levels are anticipated at $0.01 and $0.0115, which could open the path for further gains. CryptoBull_360 commented, “If the current buying trend continues, the price could approach the $0.0120 mark or higher, depending on market dynamics and subsequent volume support.”
Source: X
This analysis aligns with crypto analyst Javon Marks who noted, “$ACH has recently broken out of its Falling Wedge pattern, signaling a potential bullish momentum ahead.” If this upward trend continues, some analysts predict that ACH could rally by up to 450%, with a possible price target near $0.11087.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Cryptocurrency prices were relatively mixed on Monday as focus shifted to the upcoming Federal Reserve minutes and the debt limit issue. Bitcoin dropped below $27,000 while Ethereum was trading at $1,813. This coin price prediction will look at what to expect in Alchemy Pay (ACH), SUI, and Render Token (RNDR).
Alchemy Pay price prediction
Alchemy Pay is a company that is providing payment solutions in the blockchain industry. ACH, its native token, has jumped by more than 275% from the lowest level in December, making it one of the best-performing tokens om the industry.
It has lost momentum recently after it formed a triple-top pattern at $0.045 whose neckline was at $0.022. In price action analysis, this pattern is usually one of the most accurate bearish signs. It has also moved below the 25-day and 50-day exponential moving averages, signaling that bears are in control.
Therefore, despite the recent rebound, I suspect that the ACH price will have a bearish breakout in the coming days. This view will be confirmed if it moves below the important support at $0.0222. If this happens, Alchemy Pay will have a bearish breakout to the next support at $0.1700.
How to buy ACH
Binance.US
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.
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.
Render Token price prediction
Render Token has been in a strong bullish trend in the past few months. Together with Alchemy, it is one of the top-performing cryptocurrencies in the world this year. The token jumped above the key resistance point at $2.2052, the highest point on February 7. This means it is invalidating the double-top pattern.
RNDR price has moved above the 25-day and 50-day exponential moving averages and the 61.8% Fibonacci Retraacement. The Relative Strength Index is approaching the overbought level. Therefore, while there are risks, there is a possibility that the token will continue rising in the coming days. If this happens, the Render will likely jump above $3.
How to buy Render Token
Binance.US
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.
Buy RNDR with Binance.US today
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.
SUI price prediction
SUI is one of the newest cryptocurrencies in the world. It is a blockchain project that was created to challenge the likes of Ethereum and Solana. After soaring to an all-time high of $1.1700 earlier this month, the coin has plunged hard recently. It fell to a low of $1.0374 during the weekend.
On the 30-minute chart, SUI has moved below all the important support levels, including $1.1140 and $1.100. It has also dropped below the short-term moving averages while its volume has dipped. Therefore, the outlook of the SUI token is bearish, with the next support being at $1.0375.
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
Binance.US
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.
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.
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
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.
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.
- ACH/USD jumped 50% in one trading day
- A falling wedge pattern supports the bullish case
- The risk of a false breakout remains
The cryptocurrency market suffered from the FTX scandal as investors fled away in light of yet another scam in the industry. But despite the numerous predictions that the industry will fail, the recent price action is encouraging for speculators.
Take, for instance, Alchemy Pay (ACH). It was the leading cryptocurrency yesterday, as it gained about 50% against the US dollar.
Alchemy Pay is the pioneer of the world’s first payment gateway solution to connect fiat currencies and crypto economies. In short, it aims at building a bridge between crypto and fiat worlds.
With a circulating supply of 4.9 billion, the cryptocurrency’s maximum supply will be 10 billion. At the current market price, Alchemy Pay has a market capitalization close to $60 million, and over 180 billion coins are traded daily.
A falling wedge points to more upside, but fears of false breakouts remain
Until recently, ACH/USD traded with a heavy tone – just like the overall cryptocurrency market. But the recent bounce in Bitcoin and other major cryptocurrencies led to small coins catching a bid.
As such, the price action broke out of a falling wedge pattern. Such a pattern signals a reversal; most of the time, the market retraces more than half of the pattern’s distance.
However, it does not mean that the market cannot make a new low.
Therefore, any long trade should have a stop-loss order at the lowest point in the falling wedge, while the take-profit should be placed around half the distance the market traveled on its way lower. In other words, 0.035 should be appropriate.
The fear is that yesterday’s bounce is yet another false breakout. A quick look at what happened in the past shows similar breakouts that turned out to be nothing but false ones as the market reversed and made a new low.
Summing up, if the recent lows hold, ACH/USD has more upside potential.
-
Alchemy Pay’s Fiat Onramp solution will be integrated into Pear.
-
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.
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