A low-cap altcoin is having an incredible week, surging 5,900% in just seven days on the heels of two key catalysts.
Alchemy Pay (ACH) skyrocketed from a low of $0.003 to a high of $0.18 in seven days, representing just under 6,000% gains for holders who were able to ride the rally from trough to peak.
Alchemy Pay is a hybrid crypto and fiat payment gateway that operates in 65 countries. Users have the option to receive payments in their preferred local currency regardless of the sender’s payment method and currency.
The project also powers crypto and fiat transactions for businesses, merchant networks and financial institutions.
The coin previously surged by roughly 70% in 24 hours following the news that it had been listed on crypto exchange Coinbase Pro last week.
Another top crypto exchange, Binance, is partnering with Alchemy Pay to streamline client and merchant payment services across fiat and digital currency systems. The partnership aims to build a payment bridge on Binance Pay, the exchange’s user-to-user cryptocurrency payment feature on the Binance app.
At time of writing, ACH hosts over $685 million in 24-hour trading volume and has a current valuation of $168.12 million. The crypto asset has retraced since posting its seven-day high, and is now trading at $0.09.
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