Alchemy Pay’s native token, ACH, has surged by 40% this week, defying the broader crypto market slump. Today alone, ACH spiked 10%, trading at $0.03613** with a **50% increase in 24-hour trading volume**. Its market cap now exceeds **$315 million, fueled by rising Open Interest (OI) rates and recent regulatory approvals in Australia.
Key Factors Behind ACH’s Rally
- Regulatory Milestone:
Alchemy Pay secured approval as a Digital Currency Exchange Provider in Australia, enabling fiat-to-crypto services. This boosted investor confidence and demand. Trading Volume & Open Interest:
- OI rates hit $67.58 million in late January 2025, per CoinGlass.
- A 62% daily price rise coincided with surging trading activity.
- Market Resilience:
While major cryptocurrencies struggle, ACH’s monthly/weekly gains (10%/40%) highlight its strong fundamentals.
FAQs
Q: Why did ACH price surge this week?
A: The rally stems from Alchemy Pay’s Australian regulatory approval and increased trading volume/OI rates.
Q: Is ACH’s growth sustainable?
A: If the project continues delivering real-world utility (e.g., payment solutions), further gains are likely during the next bull run.
Q: What’s ACH’s current market cap?
A: Over $315 million, up 9% this week.
Outlook
👉 ACH’s price trajectory hinges on broader adoption and market recovery. Analysts speculate further gains if the crypto bull run resumes.
Disclaimer: Crypto investments are volatile. Conduct independent research.
### SEO Notes:
- **Keywords**: Alchemy Pay, ACH price surge, crypto market rally, Digital Currency Exchange Provider, Open Interest rates.