Connor BrookeThe rate of crypto-adoption is ever-increasing, with more and more people holding digital currencies for speculation and income generation. In addition to this, consumers now wish to use their crypto to buy goods and services – with Alchemy Pay (ACH) offering an exciting way to do so.
This article will take a look at our ACH crypto price prediction 2022, touching on what the coin is, how high it could go, and whether Alchemy Pay is the best option in the market right now.
Alchemy Pay (ACH) – What is it?
First thing’s first – what is Alchemy Pay? Alchemy Pay is a ‘payment solutions provider’ aiming to bridge the gap between FIAT and crypto-based systems. The project was launched back in 2018 and looks to connect all entities within the broader financial ecosystem, whether that be merchants, banks, exchanges, consumers, or crypto wallets.
Alchemy Pay’s main plus point is that it allows merchants to receive income in the currency they wish – regardless of what the customer uses to pay for goods or services. Thus, Alchemy Pay integrates seamlessly with Point-of-Sale (PoS) systems in over 70 countries, providing an experience that suits all parties.
ACH is an ERC-20 token native to the Alchemy Pay platform and plays a crucial role in facilitating transactions. The supply of ACH crypto is capped at 10 billion, although 4.44 billion tokens are already in circulation. This gives ACH a market cap of just over $65 million, according to CoinMarketCap.
According to the Alchemy Pay website, the platform has already partnered with numerous high-profile names, such as Shopify, Binance, Polygon, and more. Looking ahead, Alchemy Play already has plans in the works for ‘Smart POS’ systems and other exciting upgrades that look to streamline the purchasing process ahead of the transition to ‘Web 3.0’.
ACH Crypto Price Prediction 2022 – What Does This Year Hold for Alchemy Pay?
Given the information presented above, can ACH crypto be considered one of the most undervalued cryptos on the market? From a technical perspective, ACH hasn’t been performing well over the past few months and has lost around 94% of its value since August 2021’s all-time highs.
There are various reasons for this bear trend. However, ACH crypto has undoubtedly been affected by the broader crypto market crash and the recent interest rate increases, which have caused investors to shy away from ‘risk assets’ like cryptocurrencies.
However, looking forward, is there scope for a rebound? One ray of hope for ACH investors is that price is now trading around $0.014 – the same level it was when the coin launched on Coinbase last year. This area could provide some much-needed support, and it seems like the ACH crypto price could be rejecting the level.
If we do see a bounce from here, the first target would be around the $0.60 region, which price rejected three times in February 2022. Although this is a relatively small move, it would represent a 319% increase from today’s price – highlighting ACH’s potential.
Is Alchemy Pay the Best Crypto to Buy Now?
Given Alchemy Pay’s use cases and solid partnerships, can it be considered the best crypto to invest in based on today’s price? Although we do see potential in ACH’s future, the current bearish momentum is too strong to invest right now. A wiser move would be to wait for a solid rejection from support, perhaps through a bullish 4H or 1D candle, which may signal a change of direction.
However, if you are in the market for a crypto with high price potential, it might be worth checking out DeFi Coin (DEFC). Much like ACH crypto, DeFi Coin operates within the scope of the financial sector, although it focuses solely on the realm of decentralized finance (DeFi).
DeFi Coin is the native token of DeFi Swap – one of the best DeFi exchanges to launch in 2022. DEFC acts as the ‘fuel’ for this exchange to function, offering a way for users to swap tokens and generate interest in a decentralized manner. Not only this, but DeFi Coin holders can also benefit from the token’s ‘static rewards’ mechanism, which provides a steady passive income stream.
DeFi Coin only really began picking up momentum in May 2022, following the long-awaited release of DeFi Swap. However, the coin now has an exciting future thanks to DeFi Swap’s exciting roadmap and the coin’s ‘manual burn’ feature, which looks set to prompt bullish price movement over the long run.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The Verdict
In summary, this article has taken an in-depth look at our ACH price prediction 2022, highlighting what the platform does and where price could go in the future.
Although ACH crypto is undoubtedly an exciting project, we’d recommend checking out DeFi Coin if you’re looking to gain exposure to the growing DeFi sector. With compelling tokenomics and a stellar roadmap, DeFi Coin seems certain to be one of the most talked-about projects this year.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
This article was written for Business 2 Community by Connor Brooke.
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