3 reasons why Alchemy Pay (ACH) is up 77%

The cryptocurrency ecosystem has come a long way since the introduction of Bitcoin (BTC) and in recent years smart contracts have revolutionized the industry. The market has made great strides in integrating blockchain technology into peer-to-peer, business-to-business, and business-to-consumer payment systems.

Alchemy Pay aims to further increase crypto adoption through its hybrid payment system, and over the past week, the ecosystem’s ACH token is up 77%, hitting $0.0625 on May 9th.

ACH Price Chart | Source: TradingView

The three reasons why the price of ACH has skyrocketed include the launch of ACH cross-chain on Binance Smart Chain (BSC), many new exchanges that have done ACH listings, expanding token access, and the integration of ACH with Alchemy Pay. many blockchain projects across the ecosystem.

Alchemy Pay joins Binance Smart Chain

The most important development for the Alchemy Pay protocol is the Event debut on Binance Smart Chain in late January.

The cross-chain integration not only makes trading cheaper, but also helps increase the number of pools available to ACH investors through token listings on BSC-based decentralized exchanges like PancakeSwap.

Alchemy Pay has also partnered with Bit.Store to airdrop the project’s STORE token to reward community members and encourage future collaboration.

Listed on many exchanges

The second factor driving ACH’s price momentum is the fact that it was listed on multiple exchanges, including Binance, on Jan. 10.

Other exchanges that have listed ACH in the past month are: WazirX, CoinEx Global, MEXC Global, ONUS Finance, Tokocrypto and XT Exchange.

Several exchanges, including Binance, have also launched high-yield staking products that help attract liquidity to the project. Also, Gate recently added a tool for ACH with 3x leverage.

Integration across the entire crypto ecosystem

The third factor driving the ACH price surge is the integration of Alchemy Pay with multiple blockchain networks, and this will accelerate the adoption of the fiat payment feature.

Networks and protocols that have integrated Alchemy Pay since mid-December include: IoTeX, Avalanche, Polygon, Algorand, NIUM, MakerDAO and SimpleHold.

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