According to a press release by CryptoComLearn, Alchemy Pay's native token ACH experienced a breakout rally on July 20, 2022, soaring 43% in 24 hours to become the largest gainer across the cryptocurrency market. Over the past two weeks, ACH has consistently ranked among the top 10 most searched tokens on major platforms such as CoinGecko and CoinMarketCap, drawing widespread attention.
Exchange Listings and Staking Boost Demand
The immediate catalyst for the price surge was ACH's recent listings on multiple leading exchanges. Beyond its presence on Binance US, Crypto.com (website and app), KuCoin, and Kraken, Binance also enabled margin trading for ACH — an unusual move for a project of Alchemy Pay's size. Additionally, ACH staking is now available on Binance and KuCoin, offering generous yields to long-term holders and further enhancing token appeal.
Expanding Partnership Ecosystem
Singapore-based Alchemy Pay specializes in fiat-to-crypto on/off ramps, allowing users to purchase cryptocurrencies using debit/credit cards, local mobile wallets, and bank transfers. The project has formed partnerships with several top Layer-1 blockchains, including Avalanche, Polygon, VeChain, Algorand, and Binance Chain. Moreover, Alchemy Pay has integrated with Binance Pay and Crypto.com Pay, enabling users to spend crypto for real-world purchases both in-store and online.
Although the broader market downturn since November 2021 had suppressed ACH's price, these fundamental developments position the token to outperform on green days. Community growth has accelerated — the online community has doubled in under 12 months to approximately 200,000 members, demonstrating strong project momentum.
Technical Details and Tokenomics
ACH circulates as an ERC-20 token on Ethereum and, since January 2022, also as a BEP-20 token on Binance Smart Chain. This dual-chain availability expands its liquidity and use cases across two of the most widely used blockchain networks.
Alchemy Pay's on/off ramp solutions are designed to lower entry barriers for crypto platforms, particularly for blockchain gaming, NFTs, metaverses, socialfi, and DeFi. The plugins also support off-ramping by allowing users to withdraw funds to Mastercard and Visa cards globally, as well as bank accounts in over 50 local currencies. As the project continues to onboard more Web3 platforms and integrate with major payment providers, ACH's utility and demand may see further growth. However, investors should conduct their own due diligence before making any investment decisions.