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Steve Muchoki
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Key Notes
- Alchemy Pay has received over 10 operating licenses from different jurisdictions to help scale its payment operations seamlessly.
- ACH price has been forming a macro reversal pattern after being trapped in a bearish consolidation in the past years.
The altcoin industry, led by Alchemy Pay (ACH), has signaled an inevitable bullish breakout in the near future as Bitcoin BTC $83 136 24h volatility: 1.3% Market cap: $1.65 T Vol. 24h: $25.55 B price attempts to kickstart the thrilling phase of the 2024/2025 bull cycle. The ACH token ACH $0.0219 24h volatility: 0.6% Market cap: $108.53 M Vol. 24h: $23.61 M , which has a fully diluted valuation of about $312 million, registered a 114% surge in daily average trading volume to about $766 million on Tuesday, January 28, during the mid-New York session.
The sharp uptick in demand for the ACH token helped it rally more than 120% in the past three days before retracing around 20% in the last 24 hours to trade at about $0.031 at the time of this writing. As a result, ACH price, in the daily time frame, has closed above the 50 Moving Average (MA) for the first time since the beginning of 2025.
Additionally, the daily Relative Strength Index (RSI) teased above the 70% level for the first time since the calendar flipped to 2025. Having retested the crucial resistance level around $0.044 for the first time since March 2024, the altcoin is fast approaching its pivotal moment of imminent bullish breakout amid the highly anticipated altseason.
Furthermore, the TOTAL3, which excludes Bitcoin and Ethereum’s market cap, has retested the 2021 ATH of about $1.15 trillion as Bitcoin dominance forms a macro reversal pattern.
Top Reasons to Bet on Alchemy Pay (ACH) Token Ahead
The mainstream adoption of digital assets means a rising demand for Alchemy Pay services globally. Furthermore, the platform provides more than 3 million users from 173 countries using different payment methods like Visa and Mastercard.
Additionally, Alchemy Pay has been adopted by top-tier Web3 projects led by OKX, Bitget, DODO, and Bitrue, among many others. By the end of 2024, Alchemy Pay integrated its services with more than 200 payment channels including Apple Pay, Google Pay, Kakaopay, Zalo Pay, and Discover, among many others.
In a bid to ensure sustainable future growth prospects, Alchemy Pay secured 7 new operating licenses in 2024, thus closing the year with 12 licenses across multiple regions. For instance, the platform received money transmitter licenses from New Hampshire, New Mexico, Minnesota, Oklahoma, Oregon, and Wyoming.
Earlier this week, Alchemy Pay announced that it received official registration with the Australian Transaction Reports and Analysis Centre (AUSTRAC). As a result, the platform is authorized to operate as a digital currency exchange provider in Australia.
With the exponential growth of the Alchemy Pay network, the mainstream adoption of ACH token will grow in tandem. Moreover, the ERC20 token is used to pay for transaction fees, incentivizing network users, among other use cases.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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