Blockchain
Will Alchemy Pay Price Rally 450% As Launch of Layer-1 Blockchain Nears?
Crypto payment provider Alchemy Pay has announced its upcoming layer-1 blockchain, Alchemy Chain, a move aimed at streamlining fiat and cryptocurrency integration. Built on a Solana Virtual Machine (SVM) architecture, the new blockchain is expected to support Alchemy Pay’s payment ecosystem by offering scalable infrastructure for high transaction volumes.
This development has boosted interest in Alchemy Pay’s native token, ACH, which will serve as the utility token for covering gas fees on the network.
Alchemy Chain Role In Fiat & Crypto Payment
Alchemy Chain is designed to create a frictionless experience between fiat and cryptocurrency payments, aligning with Alchemy Pay’s goal of bridging traditional and digital finance.
The new blockchain will use a Trusted Proof-of-Authority (TPoA) mechanism to enhance security and transaction speed. With support for both ACH and fiat payments for gas fees, users will have more flexibility in managing transaction costs.
“Users can conveniently cover gas fees and transactions using either $ACH or fiat, with seamless conversion of profits and other on-chain earnings into fiat currency,” the company stated.
This dual-payment structure is a unique feature that could appeal to a broader user base, especially businesses that operate in both fiat and crypto.
Developer Tools and Support for Memecoin Projects
In addition to Alchemy Chain’s core functionalities, Alchemy Pay plans to launch tools to support developers and memecoin projects. These tools include a “Meme Launchpad,” which will allow creators to launch meme-based tokens with ease, and a “Meme Telegram Bot” that provides a user-friendly interface for interacting within the Alchemy ecosystem.
The company’s support for the memecoin sector is a strategic move to attract developers and tap into the growing demand for community-driven tokens.
The introduction of these developer tools reflects Alchemy Pay’s commitment to building a comprehensive ecosystem that caters to diverse projects. By simplifying entry for meme projects, Alchemy Chain aims to capture more engagement and innovation within its network.
Post the announcement, there has been a surge in trading activity in ACH derivatives. ACH derivatives volume saw a 482.83% increase, reaching $60.61 million, which indicates heightened interest in ACH futures and options. This spike in volume shows robust participation from traders who are speculating on ACH’s price movements.
Furthermore, open interest for ACH derivatives, which reflects the total number of outstanding contracts that haven’t been settled, rose by +44.52%, reaching $10.70 million.
Alchemy Pay Price Surges Over 7%
Following the Alchemy Chain announcement, the price of Alchemy Pay’s ACH token has gained momentum. According to crypto analyst CryptoBull_360, $ACH recently experienced a 13% surge after retesting a critical horizontal support level around $0.0085.
“This level has repeatedly acted as a strong base for $ACH, indicating substantial buying interest whenever prices dip to or near this threshold,” noted CryptoBull_360.
After bouncing from the support level, ACH has rallied to approximately $0.0097, with increased trading volume signaling strong market interest. Should the bullish momentum persist, key resistance levels are anticipated at $0.01 and $0.0115, which could open the path for further gains. CryptoBull_360 commented, “If the current buying trend continues, the price could approach the $0.0120 mark or higher, depending on market dynamics and subsequent volume support.”
Source: X
This analysis aligns with crypto analyst Javon Marks who noted, “$ACH has recently broken out of its Falling Wedge pattern, signaling a potential bullish momentum ahead.” If this upward trend continues, some analysts predict that ACH could rally by up to 450%, with a possible price target near $0.11087.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
- Bangkok will host the Open AGI Summit on November 13 alongside DevCon 2024.
- The summit focuses on ethical AI development through decentralized governance models.
- Prominent speakers include Pramod Viswanath and Sandeep Nailwal from leading firms.
Bangkok is set to be the epicenter of innovation as it hosts the Open AGI Summit on November 13, 2024, in conjunction with DevCon, a major blockchain developer conference.
These unique events aim to explore the intersection of Artificial General Intelligence (AGI) and decentralized technologies, fostering dialogue about the ethical implications of AI in a rapidly evolving digital landscape.
Supported by flagship partners including Google Cloud, Sentient, Polygon Labs, and SCB 10X|SCBX, the Open AGI Summit promises to engage both AI and blockchain communities.
All eyes on the Open AGI Summit
As the world advances toward AGI, concerns about centralized control and potential societal risks are becoming increasingly prominent. The Open AGI Summit seeks to address these anxieties by examining how decentralized, blockchain-based governance models can lead to safer and more transparent AI development.
By emphasizing collaboration and ethical dimensions, the summit aspires to ensure that AGI serves as a tool for universal benefit and prosperity.
The summit will feature prominent voices from the fields of AI, blockchain, and web3, including Pramod Viswanath, a professor of engineering at Princeton University, and Sandeep Nailwal, co-founder of Polygon.
Nailwal highlights the critical decision society faces: to allow a handful of corporations to dominate AI technology or to embrace a future where AI is open, transparent, and accessible to all. He asserts that blockchain technology can ensure the equitable distribution of AI benefits, guided by collective values.
Discussions at the summit will cover essential topics, including advancements in AI safety research, decentralized governance structures, and ethical considerations in AI development.
Attendees can expect a deep dive into the innovative synergy between AI and blockchain, emphasizing emerging applications that could redefine industries.
Ultimately, the Open AGI Summit aims to bridge the gap between academia, industry, and the decentralized AI community, fostering collaboration towards responsible AGI development.
This convergence is essential for ensuring that AI technologies are built with a commitment to ethical principles and societal benefit, marking a significant step toward a safe and beneficial future for AGI.
- Bangkok will host the Open AGI Summit on November 13 alongside DevCon 2024.
- The summit focuses on ethical AI development through decentralized governance models.
- Prominent speakers include Pramod Viswanath and Sandeep Nailwal from leading firms.
Bangkok is set to be the epicenter of innovation as it hosts the Open AGI Summit on November 13, 2024, in conjunction with DevCon, a major blockchain developer conference.
These unique events aim to explore the intersection of Artificial General Intelligence (AGI) and decentralized technologies, fostering dialogue about the ethical implications of AI in a rapidly evolving digital landscape.
Supported by flagship partners including Google Cloud, Sentient, Polygon Labs, and SCB 10X|SCBX, the Open AGI Summit promises to engage both AI and blockchain communities.
All eyes on the Open AGI Summit
As the world advances toward AGI, concerns about centralized control and potential societal risks are becoming increasingly prominent. The Open AGI Summit seeks to address these anxieties by examining how decentralized, blockchain-based governance models can lead to safer and more transparent AI development.
By emphasizing collaboration and ethical dimensions, the summit aspires to ensure that AGI serves as a tool for universal benefit and prosperity.
The summit will feature prominent voices from the fields of AI, blockchain, and web3, including Pramod Viswanath, a professor of engineering at Princeton University, and Sandeep Nailwal, co-founder of Polygon.
Nailwal highlights the critical decision society faces: to allow a handful of corporations to dominate AI technology or to embrace a future where AI is open, transparent, and accessible to all. He asserts that blockchain technology can ensure the equitable distribution of AI benefits, guided by collective values.
Discussions at the summit will cover essential topics, including advancements in AI safety research, decentralized governance structures, and ethical considerations in AI development.
Attendees can expect a deep dive into the innovative synergy between AI and blockchain, emphasizing emerging applications that could redefine industries.
Ultimately, the Open AGI Summit aims to bridge the gap between academia, industry, and the decentralized AI community, fostering collaboration towards responsible AGI development.
This convergence is essential for ensuring that AI technologies are built with a commitment to ethical principles and societal benefit, marking a significant step toward a safe and beneficial future for AGI.
LocaChain, the pioneering blockchain platform designed for the digitization and management of tangible assets, has officially launched its mainnet. This marks a significant leap in blockchain technology with applications spanning various sectors, including real estate, bonds, and other high-value assets. LocaChain aims to build a complete ecosystem focused on advanced, sustainable solutions to meet global economic development needs through tokenized assets.
Revolutionizing Real-World Asset Management
With its mainnet platform, LocaChain offers a secure, scalable, and efficient infrastructure that facilitates the digitization and management of tangible assets like real estate and bonds. This allows for fast and transparent transactions, enabling investors and businesses to save both time and costs. Asset tokenization provides superior asset management solutions with transparency and traceability, building strong trust among all participants.
Key Features of LocaChain
Beyond asset management, LocaChain offers a diverse suite of features, positioning the platform as a comprehensive solution for businesses, developers, and users. LocaChain’s core functionalities include:
Core Infrastructure & Application Development
- DApp Development: LocaChain supports an environment for decentralized application (DApp) development, enabling businesses and developers to create real-world blockchain applications across various sectors.
- Wallet Integration: Securely store and manage assets on LocaChain.
- Token and NFT Transactions: Smooth token and NFT exchanges within the ecosystem.
User Engagement & Social Features
- SocialFi Integration: Adds social finance features to enhance user engagement on LocaChain.
Asset Management & Product Traceability
- Real-World Asset Digitization: Tokenize high-value assets such as real estate and bonds for secure and efficient management.
- Product Traceability: Provides end-to-end product traceability, ensuring the reliability and authenticity of goods across various industries.
- NFT Vouchers: Businesses can issue and manage NFT-based vouchers, offering a dynamic, digital way to reward customers and build flexible loyalty programs.
Marketplace & Transactional Features
- NFT Marketplace: Integrates an NFT marketplace where users can trade digital assets using LCG as the main token and LCC as the gas fee.
- E-commerce and Auction Applications: Supports e-commerce and auction platforms, enabling businesses to list, sell, and manage products transparently on the blockchain for enhanced transaction credibility.
Advanced Token & Financial Tools
- Multisend Token Feature via TrustKeys: Facilitates multi-token transfers, allowing users to efficiently distribute tokens to multiple recipients.
- Multi-Token Staking: Users can stake various tokens within the LocaChain ecosystem to earn rewards.
- Bridge to BSC: Provides a bridge for seamless asset transfers between LocaChain and Binance Smart Chain (BSC), enhancing interoperability with decentralized financial services.
- Crypto Payment Gateway: Supports integrated crypto payment gateways, allowing businesses to accept cryptocurrency payments and optimizing global transactions in a digital-first economy.
LocaChain in LocaGo Ecosystem
LocaChain serves as the blockchain backbone of the LocaGo ecosystem, designed to connect users and businesses through blockchain and AI technology. The LocaGo ecosystem encompasses multiple applications to enhance interaction between businesses and customers while increasing community engagement in real-world economic activities.
With its mainnet launch, LocaChain goes beyond asset management to become a vital part of a comprehensive digital ecosystem, offering optimal solutions for businesses and users in managing tangible assets and conducting transparent transactions.
For more details on LocaChain and LocaGo ecosystem, please visit the official website at https://locachain.io.
Contact
For media inquiries, partnerships, or further details, please contact:
LocaGo Media Relations
- Email: contact@locago.tech
- Website: https://locachain.io
Elizabeth Warren Wins Third Senate Term Over Crypto Ally John Deaton
VanEck Expands DeFi Offerings with PYTH ETN on Euronext
Swift, UBS, Chainlink Pilot Simplifies Tokenized Fund Transactions
Why FET Recovery Could Be More Than 10% in November
US Election Day Boosts Bitcoin to $70,000: Further Rally Ahead?
Why Ethereum’s Weak Momentum May Block $2,600 Breakout
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Coinbase cbBTC Set to go Live on Solana
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
2.52 Million Altcoins Are Ruining Crypto’s Future
Animoca Brands Valuation Tanks 75% In Two Years, Here’s Why
Crypto exchange BingX hacked for $43 million
Are The Big Players Losing Interest?
Coinbase cbBTC Set to go Live on Solana
Hong Kong’s Securities Association Tips Authorities On Crypto Self-Regulation
-
Market23 hours ago3 Altcoins to Watch in the First Week of November 2024
-
Market21 hours agoWill Support Kick In Soon?
-
Market19 hours agoSolana (SOL) Hints at Bearish Shift: Is Drop on The Horizon?
-
Altcoin19 hours agoShiba Inu Team Proposes S.H.I.B. Strategy to Musk and Trump, SHIB Price To Rally?
-
Market18 hours agoSUI Price’s New ATH Ambitions Stalled by This Major Challenge
-
Market17 hours agoXRP Price Gears Up: Is a Major Move on the Horizon?
-
Market16 hours agoWill Elon Musk Dogecoin Influence Lead the Price Toward $0.20?
-
Market15 hours agoCould It Be Setting Up for Major Reversal?
✓ Share: