What is Driving Alchemy Pay’s ACH Price Surge of 40% This Week?

2025-02-18 23:39:46

Alchemy Pay price surged by more than 10% today
The ACH token has been on a price rally since last week

Even though the overall crypto market is continuing its underperformance, some cryptocurrencies are experiencing price surges. One of the notable cryptocurrency among them is the Alchemy Pay’s ACH token. Its price increased by more than 40% this week after dropping from its previous highs recorded at the beginning of February

ACH Token Price (Source: CoinMarketCap)Alchemy Pay native token ACH is trading at $0.03613 at press time with over 10% rise today. The staggering increase in its 24-hour trading volume of around 50% is the major driving force behind its current price surge. Its market capitalization increased by around 9% and it is standing above the $315 million mark

ACH token price witnessed monthly, weekly, and daily price rises of 10%, 40%, and 62% respectively. While the broader crypto market is struggling to reach its previous gains, Alchemy Pay’s price is going on a relentless price rally

Alchemy Pay’s Digital Currency Exchange Provider in Australia is Led to ACH Price Surge

Despite the bull run narrative slowed down, crypto projects that are building real value are showing significant growth. Alchemy Pay recently obtained Digital Currency Exchange Provider approval in Australia. Thus, the project got the green light for offering seamless fiat-to-crypto payment services in the Australian market

ACH Open Interest rate (Source: CoinGlass)Alchemy Pay is also leading when it comes to its Open Interest rate. As per CoinGlass data, its OI rate skyrocketed by the end of Jan 2025. After dropping last week, it again rose to $67.58 million. The increase in trading volume combined with the rise in Open Interest rates are boosting the market price of the ACH token

Price surges of particular crypto tokens amidst a dull market environment reflects the project’s commitment to thrive and offer real-time value to users. Alchemy Pay’s ACH price could witness further increase when the anticipated bull run returns

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ACH1,27%

TOKEN8,23%

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