28 January 2025
1 0
Alchemy Pay (ACH) Price Surges 120% as Market Anticipates Bullish Breakout
The altcoin market, led by Alchemy Pay (ACH), is signaling a potential bullish breakout as Bitcoin aims to initiate the 2024/2025 bull cycle. Key developments include:
- ACH token's fully diluted valuation is approximately $312 million.
- Daily average trading volume surged by 114% to about $766 million on January 28.
- ACH rallied over 120% in three days before a 20% pullback, trading at around $0.031.
- ACH closed above the 50 Moving Average for the first time in 2025.
- The daily Relative Strength Index surpassed 70% for the first time this year.
- ACH retested resistance at $0.044 for the first time since March 2024.
- Total crypto market cap excluding Bitcoin and Ethereum approached its 2021 ATH of $1.15 trillion.
Factors supporting Alchemy Pay's growth include:
- Increased global demand for digital asset services, with over 3 million users across 173 countries.
- Partnerships with major Web3 projects such as OKX and Bitget.
- Integration with over 200 payment channels by the end of 2024, including Apple Pay and Google Pay.
- Acquisition of 7 new operating licenses in 2024, totaling 12 across various regions.
- Official registration with AUSTRAC, allowing operation as a digital currency exchange in Australia.
The growth of the Alchemy Pay network is expected to drive mainstream adoption of the ACH token, which is used for transaction fees and incentivizing users.