Alchemy Pay gains 77% after exchange listings and cross-chain integrations
The cryptocurrency ecosystem has come a long way since the launch of Bitcoin (BTC) and in the last few years smart contracts have revolutionized the industry. With that said, there is still plenty of progress to be made when it comes to integrating blockchain technology to peer-to-peer, business to business and business to consumer payment systems.
Alchemy Pay aims to further the adoption of cryptocurrencies through its hybrid payments system and in the last week its ACH token gained 77% to trade at $0.0625 on Feb. 9.
Three reasons for the uptick in ACH price include the cross-chain launch of ACH on the Binance Smart Chain (BSC), multiple new exchange listings that have helped expand access to the token and the integration of Alchemy Pay with multiple blockchain projects across the ecosystem.
The most significant development for the Alchemy Pay protocol was its launch on the Binance Smart Chain at the end of January.
$ACH is live on the Binance Smart Chain! ACH (BEP-20) staking campaign to earn $STORE announced soon!Get your ACH ready (refer to comments):1. Cross-chain via @MultichainOrg 2. Swap via @PancakeSwap BSC Contract Address: 0xbc7d6b50616989655afd682fb42743507003056d pic.twitter.com/DLJNguOd9f
Aside from allowing for cheaper transactions for ACH users, the cross-chain integration also helped increase the pool of available investors in ACH through the listing of tokens on BSC-based decentralized exchanges like PancakeSwap.
Alchemy Pay also partnered with Bit.Store to conduct an airdrop of the project's STORE token as a way to reward community members and encourage future collaborations.
A second factor helping boost the momentum in the price of ACH has been its listing on multiple exchanges, including Binance on
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