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The value of Alchemy Pay has experienced a robust recovery, achieving its highest point since February 2022, primarily due to notable regulatory progress.
The valuation of Alchemy Pay (ACH) has climbed to $0.0585, representing a 730% rise from its lowest level in 2023, with a market value surpassing $452 million.
This increase follows the firm’s acquisition of a digital currency trading license in Australia. It now possesses 12 licenses worldwide, with management aiming to obtain additional ones in the upcoming months. Furthermore, it holds remittance licenses in the United States and API authorization in the United Kingdom.
Alchemy Pay reached a significant achievement through its collaboration with Movement, a blockchain platform that allows users to create high-quality applications. Toncoin (TON) Value Forecast for March 26th
This partnership combines the Ethereum Virtual Machine with a Move-based ecosystem. The new alliance enables users to seamlessly access the Movement network and acquire MOVE tokens through Visa, Mastercard, and various payment processors.
Alchemy Pay has emerged as a prominent player in the cryptocurrency sector. Its primary offering connects cryptocurrencies with more than 50 fiat currencies, including the U.S. dollar and the euro.
It also delivers fintech solutions that assist businesses in accepting cryptocurrencies and receiving payments in local currencies. Recently, it introduced Alchemy Chain, a high-performance Layer 1 solution specifically designed for the payments sector.
Venture capital firms have backed Alchemy Pay, with a recent funding round generating $10 million, elevating its valuation to approximately $400 million.
Mirhir N., the founder of Rhythmic Analyst, remarked on the X platform that Alchemy Pay is “on the brink of a breakthrough.” See below.
Alchemy Pay Value Forecast
The weekly graph suggests a strong breakout for ACH this week. This recovery has exceeded the crucial resistance threshold of $0.0515, which was the peak on March 11 and aligns with the 23.6% Fibonacci retracement level.
This cost also corresponds with the neckline of a triple bottom formation. Alchemy has surpassed the 25-week moving average, suggesting that buyers are currently in control of the market. Consequently, this digital currency might keep ascending, with the subsequent aim positioned at $0.0930, which signifies the 50% Fibonacci retracement level, approximately 80% above the present price.
