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Alchemy Pay price prediction: What is Alchemy Pay (ACH)?

By Peter Henn


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-153.65 -0.650%

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Alchemy Pay price prediction: What is Alchemy Pay (ACH)? Alchemy Pay wants to make paying in crypto or paying with fiat a matter of choice
Alchemy Pay wants to make paying in crypto or paying with fiat a matter of choice – Photo: David Esser / Shutterstock

With cryptocurrency becoming more widespread, there are going to be more people who want to spend their crypto on real world goods and services. That said, the take-up of crypto as a payment method is not growing as quickly as it might, with comparatively few businesses willing or able to accept crypto as a means of payment.

Alchemy Pay aims to solve this problem. But what is alchemy pay (ACH)? How does Alchemy Pay work? What is Alchemy Pay used for? 

Let’s have a look to try and find out more, as well as checking the latest alchemy pay price predictions. 

A crypto fiat bridge

The idea behind the Alchemy Pay crypto platform is to bridge the gap between crypto and traditional fiat currency. When Bitcoin (BTC) was founded in 2008, the concept was to create something that would bypass fiat currencies entirely. Why? Because for those without bank accounts, cryptocurrency promised access to financial services for those who only had internet access.

Now known as decentralised finance (DeFi), this is the idea that is central to cryptocurrencies and provides the foundation to all things crypto – from blockchain to non-fungible tokens (NFTs). There’s just one problem. The idea was that crypto and DeFi would work entirely separately from fiat currency and traditional, centralised finance. 

While this may sound good in theory, in practice it ignores the fact that even people who own crypto still want to pay in fiat sometimes. With a lot of people owning relatively small amounts of crypto – only a few investors can afford to be so-called crypto whales – we can see that a method of combining crypto and fiat might well prove to be an appealing idea.

Alchemy Pay wants the decision to pay with either crypto or fiat to be down to the customer. It does this through payment systems that let people select one or the other. While there are many electronic payment systems that, as a matter of course, can take different fiat currencies, Alchemy Pay is the first network to actually put this into practice for crypto.

There is also an apparent advantage for retailers, too as Alchemy Pay, at least in theory, makes it easier to take international payments. 

What is alchemy pay (ACH)?

The Alchemy Pay system’s native token is ​​alchemy pay (ACH). It operates on the Ethereum blockchain, meaning that while you may come across references to things like an “alchemy pay coin price prediction”, such references are incorrect – technically, alchemy pay is a token, not a coin.. 

Merchants who want to work with Alchemy Pay need to use the ACH token to obtain network access. Meanwhile, ACH can be mined by customers participating in the network. The governance of the system is restricted to those who hold ACH. 

The organisation says that there is a need for people to be incentivised to make use of cryptocurrency, so ACH tokens can be pledged, rewarded, accumulated and paid as fees, meaning they have a certain kind of flexibility within the network. 

Finally, the organisation believes that people need incentives to make use of the crypto, so the ACH tokens can be pledged, rewarded, accumulated and paid as fees, which confers them with a certain amount of network flexibility. 

Established in Singapore in 2018, customers started to use the Alchemy Pay network the following year. The network was founded by Molly Zheng, who among other things had worked as a senior consultant at PayPal China, and Shawn Shi, previously vice president of technology at ZhongAn, a Chinese insurance company.

ACH price history

Now, let’s take a look at the alchemy pay price history. While looking for an indication of future results by exploring past performance would be a mistake, it can be useful to examine the past behaviour of a token when it comes to interpreting an alchemy pay price prediction. 

When the alchemy pay (ACH) crypto token arrived on the open market in September 2020, it was priced about $0.02. From there, the price fell and, by October 2020, it was valued at $0.01. For the next 10 months, this served as the limit to the coin’s potential and it fell to its all-time low of $0.001338 on 20 July 2020.

It was announced in August 2021 that the crypto exchange Binance was working with Alchemy Pay on a payment bridge between cryptocurrency and fiat in the Binance wallet. That meant people could shop at companies including Shopify, Aldo and Ce La Vi and pay with crypto from their Binance wallet. The news helped ACH move from being another, fairly obscure, crypto token to something that people took an interest in – and the price shot up from $0.004263 on 2 August 2021 to its all-time high on 6 August of $0.1975, a 4,000% rise in just four days.

After that, though, it soon fell and closed August at $0.09805 before continuing to decline throughout September to close the month at $0.06284. In early November, though, things picked up as the market responded to bitcoin hitting new heights and ACH rose above $0.10 for the first time since August to reach $0.1197 on 4 November 2021. 

BTC/USD

23,550.30 Price
-0.650% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 60.00

ETH/USD

1,643.35 Price
+0.370% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 5.00

DOGE/USD

0.09 Price
-3.220% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee 0.0140%
Overnight fee time 22:00 (UTC)
Spread 0.0011656

LUNC/USD

0.00 Price
+11.570% 1D Chg, %
Long position overnight fee -0.0500%
Short position overnight fee -0.0500%
Overnight fee time 22:00 (UTC)
Spread 0.00000960

Shortly after this, concerns over the Omicron variant of Covid-19 caused the market to contract, and ACH was caught in the slump, closing the year at $0.06356. While this was lower than where it had been a few months before, it is worth noting that it had closed 2020 at $0.003466, which meant it was up by more than 1,000% over the course of 2021. 

If 2021 was a feast for crypto, then 2022 has, so far, been a famine. A price of $0.09293 on 10 January 2022 was as good as it got and not even the news that the platform had partnered with Spanish football giants Real Betis could stop it from sinking to $0.04021 on 24 February 2022 in the wake of Russia’s invasion of Ukraine. 

There was very little recovery after that. A low came in the wake of China’s ban on crypto, which saw ACH drop to $0.0343 on 12 April 2022 before recovering to a daily high of $0.04447 the following day. Things then continued to spiral down and, on 26 April, it was worth around $0.0297. The bad news was not over, though and, on 9 May 2022, ACH was worth $0.022.

The depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency then saw the ACH token sink to a low of $0.01328 on 12 May. There was some recovery after that, boosted by the news that it was to be listed on the KuCoin exchange, and ACH reached a high of $0.03593 on 24 May 2022.

Things went downhill after that, though, and the token’s price fell as the cancellation of withdrawals on the Celsius crypto lending platform confirmed a crypto bear market had set in, with ACH reaching a low of $0.01062 on 13 June 2022. 

In the months or so after that, though, there were more ups than downs as it slowly started to recover. On 14 October 2022, the price took a massive leap to $0.016. But a month later, it dipped to $0.008916 – a fall of 44.2%. 

As of 1 December 2022, ACH was trading at around $0.01004. At that time, there were 5.08 billion ACH in circulation, out of a total supply of 10 billion. This gave the token a market cap of around $50m, making it the 334th-largest crypto by that metric. 

Alchemy pay price prediction

Now let’s take a look at some alchemy pay price predictions. It’s important to remember at this stage that long-term crypto price predictions are often wrong, and that longer-term forecasts are often made using an algorithm, so they can change at a moment’s notice.

Gov Capital offered an alchemy pay price prediction for 2023 that said the token could be worth around $0.0677. The coin’s price was predicted to rise to around $0.345 by 2027.

PricePrediction gave an ACH crypto price prediction that suggested an average price of $0.015 in 2023, possibly rising to $0.022 in 2024 and $0.031 in 2025. The site suggested $0.046 would be the coin’s average price in 2026, before forecasting values of $0.068 in 2027, $0.096 in 2028 and $0.15 in 2029. The forecaster stuck its neck out with an alchemy pay price prediction for 2030 of $0.22, and $0.33 in 2031. 

DigitalCoinPrice, meanwhile, said the average price of ACH in 2023 could be around $0.0256, followed by an increase to about $0.0342 in 2024. The site went to give an alchemy pay price prediction for 2025 that said it could be worth around $0.0446. In 2027, DigitalCoinPrice felt the price might be $0.0534 while it could achieve $0.0731 by 2028.

A year from then, in 2029, the site’s ACH coin price prediction was $0.10. The forecast for the coin at the start of the next decade was $0.14, while the prediction for 2031 was $0.19.

Finally, Wallet Investor argued that in 2023, ACH could be worth around $0.000388. The same site said that in 2027, the price of the token could be somewhere around $0.00004056 by November that year.

When considering an alchemy pay price prediction – or an ACH price prediction, as some websites might say – it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns, and never trade with money that you cannot afford to lose.

FAQs

How many alchemy pay are there?

As of 1 December 2022, there were 5.08 billion ACH in circulation out of a total supply of 10 billion.

Is alchemy pay a good investment?

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the ACH token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.

Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose.

Will alchemy pay go up or down?

Cryptocurrencies can be highly volatile and prices can go down just as easily as they can go up. Analysts and algorithm-based forecasters can and do get their predictions wrong.

Keep in mind that past performance is no guarantee of future returns, always do your own research, and never invest what you cannot afford to lose.

Should I invest in alchemy pay?

This is something that you will have to decide for yourself. Before you do so, however, you will need to do your own research when looking for an alchemy pay crypto price prediction.

Remember that prices can go down as well as up. Keep in mind that past performance is no guarantee of future returns, and never invest what you cannot afford to lose.

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