Crypto payment provider Alchemy Pay has announced its upcoming Layer-1 blockchain, Alchemy Chain, designed to streamline fiat and cryptocurrency integration. Built on a Solana Virtual Machine (SVM) architecture, the blockchain aims to support high transaction volumes while enhancing scalability for Alchemy Pay’s payment ecosystem.
This development has sparked significant interest in Alchemy Pay’s native token (ACH), which will serve as the utility token for covering gas fees on the network.
Alchemy Chain’s Role in Fiat & Crypto Payments
Alchemy Chain is engineered to bridge traditional and digital finance, offering a seamless experience between fiat and crypto payments. Key features include:
- Trusted Proof-of-Authority (TPoA) mechanism for enhanced security and speed.
- Dual-payment support (ACH or fiat) for gas fees, providing flexibility for users and businesses.
“Users can conveniently cover gas fees and transactions using either $ACH or fiat, with seamless conversion of on-chain earnings into fiat currency,” the company stated.
This hybrid model positions Alchemy Chain as a unique solution for enterprises operating in both financial ecosystems.
Developer Tools and Memecoin Support
To foster ecosystem growth, Alchemy Pay plans to introduce:
- Meme Launchpad: Simplifies token creation for meme-based projects.
- Meme Telegram Bot: Enhances user interaction within the Alchemy ecosystem.
These tools aim to attract developers and capitalize on the rising demand for community-driven tokens, further solidifying Alchemy Chain’s appeal.
Market Reaction: ACH Derivatives Surge
Post-announcement, ACH derivatives saw a 482.83% increase in trading volume ($60.61M), while **open interest** rose by **44.52%** ($10.70M). This signals heightened trader speculation on ACH’s price potential.
Price Analysis: Bullish Momentum Ahead?
Following a retest of key support at $0.0085**, **ACH surged 13%** to ~**$0.0097. Analysts highlight:
- Critical resistance levels at $0.01** and **$0.0115.
- Potential 450% rally to $0.11087 if bullish trends continue.
“$ACH broke out of its Falling Wedge pattern, signaling bullish momentum,” noted analyst Javon Marks.
👉 Explore Alchemy Pay’s latest updates for deeper insights into this evolving ecosystem.
FAQ Section
Q1: What is Alchemy Chain?
A: A Layer-1 blockchain by Alchemy Pay, built on SVM to integrate fiat and crypto payments.
Q2: How does ACH token function in Alchemy Chain?
A: It’s used for gas fees, with optional fiat payment support.
Q3: What’s driving ACH’s price surge?
A: Anticipation around Alchemy Chain’s launch and increased derivatives activity.
Q4: Can ACH reach $0.11?
A: Analysts suggest a 450% rally is possible if current momentum holds.
👉 Stay ahead with real-time ACH price tracking.
Final Notes:
- Alchemy Chain’s dual-payment model and developer tools could redefine crypto-fiat integration.
- Market optimism is reflected in ACH’s trading volume and price action.
- Always conduct independent research before investing.