Alchemy Pay Price Prediction
Alchemy Pay Fundamental Analysis
Alchemy token (ACH) is an official token on the Alchemy Pay network — a project aiming to bridge the traditional fiat and cryptocurrency payments, providing a wide variety of payment options for customers and keeping it easy for merchants to accept those transactions. Alchemy Pay was founded in Singapore in 2018.
Traditional electronic payment systems, while convenient, have some shortcomings. For example, it’s expensive to send money across borders, and for unbanked residents, it’s nearly impossible. The existing system is not always convenient for large companies, too, as they have to manage payments for each regional branch according to its own set of rules. Blockchain technology and the associated cryptocurrency usage may solve those problems, but they are not adopted widely enough, especially by merchants. So, Alchemy Pay was developed to serve as a gateway between those two means of payment. It can be embedded into apps, POS (point-of-sale) terminals, web forms, etc., and works with a wide variety of currencies, so the customer can choose the most convenient way to pay, crypto or fiat, and the merchant will receive it as local currency.
ACH tokens are issued to incentivize Alchemy Pay’s users: both customers and merchants receive a percentage of the transaction as a cashback deposited in ACH. The project’s team is planning continuous development of profitable and robust tokenomics for its users.
Alchemy Pay Price Chart
Alchemy Pay started trading in October 2020, during the latest wave of projects in the crypto space. After a short spike reaching ~$0.04, ACH’s price action was unremarkable, its chart rarely going above $0.015. This changed in early August 2021, when Alchemy Pay generated a lot of interest after its listing on Coinbase Pro. The well-known “Coinbase effect” triggered a meteoric rise in ACH token price, which hit an all-time high of $0.1975 on August 6. While Alchemy crypto’s price has declined since then, it has mostly been keeping above $0.09, which is a significant improvement against the previous months. Long-term Alchemy Pay price predictions are positive too, which points at the ACH coin’s potential for growth.
Alchemy Pay Technical Analysis
Despite the fact that 100% accurate technical analysis for Alchemy Pay cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ACH buy-and-sell rating for selected timeframe. The summary for ACH/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Alchemy Pay Price Prediction
Below we have collected the most reliable price projections for Alchemy Pay (ACH) from popular forecast platforms.
#1. TradingBeasts ACH Price Prediction for 2022
Answering the question about if Alchemy Pay is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $0.0963708 with a growth to $0.1232037 by the end of 2022.
#2. DigitalCoin ACH Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Alchemy Pay cryptocurrency will rise in the next 5 years starting from $0.0750632 as of today’s price to $0.3013326. It will go up to $0.124205 by 2022 and continue its growth in 2023–2024. Based on this forecast, Alchemy Pay is a profitable long-term investment.
As it can be clear from the analysis cited above, Alchemy Pay (ACH) projections are rather contradictory. There is no universal consensus either about positive or negative future ACH price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Alchemy Pay projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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Originally published at https://swapspace.co.