Here’s why Alchemy Pay (ACH) price has gone parabolic

Alchemy Pay (ACH) price surged on Tuesday, becoming one of the top-performing cryptocurrencies in the market. It surged by more than 15% and reached its highest point since May 23rd last year. Like most altcoins, Alchemy has more than doubled from its lowest point in 2023.

The main reason why ACH price has surged is that the developers made a big integration this week. In a statement on Monday, they announced that they had integrated with Ali Pay, one of the biggest fintech companies in the world. It integrated DANA, QRIS, and GCash into its NFT checkout.

This integration means that customers in Hong Kong and Southeast Asian countries will be able to buy NFTs easily. It is a notable move since the region is one of the fastest-growing in the crypto and NFT industries.

Alchemy Pay has also made several other headlines in the past few weeks. For example, it partnered with Casper in a move that will enable customers to buy CSPR via its on-ramp solution. It also launched a partnership with BOTIM and Payby to enable customers in the Middle East to buy cryptocurrencies easily.

And on Monday, Alchemy Pay partnered with Fastex Exchange, a crypto company that launched a virtual crypto card that enables people to buy cryptocurrencies with ease.

Like other cryptocurrencies, ACH price has also surged because of the ongoing Fear of Missing Out (FOMO) in the industry. This FOMO is evidenced by the fact that the crypto fear and greed index has jumped to the greed zone of 72. In most periods, altcoins tend to surge when there is greed in the market.

This greed is also being seen in the stock market, where popular indices like the S&P 500 and Nasdaq 100 have soared to a record high. The CNN Money fear and greed index has also risen to the extreme greed area of 76.

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