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Alchemy Pay is an interesting crypto asset to invest in, especially if you believe in the potential of Web3 and the mainstream adoption of cryptos. The ACH price could strengthen as more businesses and consumers use Alchemy Pay’s services to enter the world of crypto payments and Web3.

In addition to higher adoption of Web3, especially among the mainstream industries, the Alchemy Pay price could also head higher when the platform introduces its official staking program. ACH staking could encourage more crypto investors to invest in and use ACH crypto, and the increased demand for the native token could boost the ACH price statistics in the market.

The price of Alchemy Pay crypto could also strengthen when the market sentiment towards digital assets improves. A bullish or risk-on mood among investors encourages buying activity in the crypto market that can support the price of ACH token in the market.

Although offering an accurate ACH price prediction over time is impossible, numerous fundamentals are essential in driving price action and volatility in ACH crypto. These include:

Level of Adoption

The Alchemy Pay token price increases as more businesses and users sign up for the platform’s various products and offerings. The higher on-chain activity drives up the demand for its native token and sends the value of ACH up in the market.

Announcements of New Partnerships and Developments

Investor confidence in ACH is boosted when the Alchemy Pay protocol announces new partnerships and integrations with businesses in the mainstream and crypto industries. In addition, whenever developers upgrade the platform and add more features, the platform becomes even more attractive to use, further supporting the ACH to USD price.

Market Sentiment

A positive outlook towards cryptocurrencies and Web3 specifically are also vital for an uptrend in the Alchemy Pay price. When the global financial markets trade with a risk-on sentiment, more investors buy and trade cryptos, increasing the ACH token price. However, a bearish or risk-averse sentiment could cause sell-offs in the crypto market, weakening the $ACH price.

ACH is the native utility token of the Alchemy Pay ecosystem and has the following uses:

Pay Transaction Fees

ACH is used to pay transaction fees within the Alchemy Pay platform. When you purchase crypto using the on-ramp service, sell crypto to convert to fiat currency using off-ramp, buy NFTs, etc., you pay transaction fees using $ACH tokens.

Hold ACH to Enjoy Discounts and Earn Rewards

You can also earn rewards for network use and enjoy lower transaction fees when holding ACH in your Alchemy Pay account. In this manner, ACH also doubles up as an incentive token for Alchemy Pay users.

Pledge ACH as a Business

Businesses using the Alchemy Pay platform must pledge ACH during onboarding. Instead of paying integration fees to the platform, new businesses can join Alchemy Pay’s payment network and use its services simply by pledging an amount of ACH based on their expected transaction volume and integration complexities.

Crypto Asset to Trade and HODL

Trade Alchemy Pay against other crypto assets to profit from changing market conditions and volatility. You can buy or sell ACH against other cryptocurrencies or hold it long-term if you believe in the Alchemy Pay protocol. Review the current price of Alchemy Pay token, ACH current market cap, current circulating supply, and 24-hour trading volume, and perform technical, sentiment, and fundamental analysis on the ACH price chart before trading Alchemy Pay in the market.

There are several ways to earn ACH crypto, including:

Trade ACH in the Crypto Market

Trade ACH/USDT on KuCoin or other supported platforms to profit from changes in market conditions. We recommend that you DYOR to minimize your chances of loss and increase your shot at placing winning trades that earn you profits.

Earn Passive Income on KuCoin

Grow your ACH holdings safely and conveniently with KuCoin Crypto Lending. Use this feature to lend liquidity in ACH to our platform and earn attractive daily interest rates over seven days, 14 days, or 28 days.

Receive Discounts on Transaction Fees

Hold ACH on Alchemy Pay to enjoy discounted transaction fees, saving you some ACH tokens. Holding ACH also makes you eligible for earning rewards from network fees earned by the platform.

The max supply of Alchemy Pay tokens is fixed at 10 billion, and all the tokens were pre-mined at the time of the ACH token launch. Of these, the circulating supply of ACH stands at just over 5 billion as of February 2023.

51% of ACH’s total supply was set aside as incentives to drive the adoption of Alchemy Pay’s products and offerings. The following is the token distribution of the remaining token supply:

1. 18% of the ACH supply was distributed among the Alchemy Pay team.

2. 18% of tokens went to the project’s investors.

3. 6% was kept aside for transaction mobility.

4. 5% was issued to enterprise partners of the Alchemy Pay project.

5. 2% was allocated to the project’s advisors.