Alchemy Pay Crypto ACH jumped 50% outperforming market expectations

The sentiment score of Alchemy Pay crypto coin ACH has turned very bullish after the recent market turnaround.

ACH is an ERC20 token launched on Ethereum by the Alchemy pay platform. The coin is up 50% to $0.0139 while the majority of tokens are moving sideways. The platform has recently won the Web3 Innovation Pioneer Award from Forbes

Founded in 2018, Alchemy Pay is a payment solution provider that aimed to be the bridge connecting fiat and crypto economics for everyone including merchants, developers, institutions and consumers.

Its direct-to-customer (D2C) plugin allows decentralized apps to easily accept payments from customers in fiat or cryptocurrency. The company has expanded its footprints in over 70 countries with 300 payment channels, onboarding over 2 million merchants through strategic partnerships.

Arbitrum, Polygon and Avalanche are some of the blockchains Alchemy has partnered with to help web3 developers with their payment solutions.

Alchemy Pay crypto ACH is the utility token of the platform. It is used to pay for the transaction fee, reward the users for using the network and it is pledged by the business partners during the onboarding process.

Paying through ACH will also help lower the cost of transactions. The token is available on the leading centralized and decentralized exchanges including Binance, Coinbase, UniSwap and PancakeSwap.

50% of the transaction fee is used by the platform for marketing, promotions and business development. According to Coingecko, ACH has a total supply of 10 billion tokens.

The token reached an all-time high of $0.198 in the 2021 bull run and later crashed to $0.0013 in the bear market. With the surge in adoption and partnerships, the token is expected to rise again in the bull market.

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