Ethereum Altcoin Rockets 200% in Less Than a Week As Project Ecosystem Sees Flurry of Updates

Ethereum-based (ETH) altcoin projects are seeing a surge after announcing a series of upcoming updates.

In a series of announcements, payment platform Alchemy Pay (ACH), a protocol that works with both fiat and cryptocurrencies, has surged 179% over the past seven days.

Its native token, ACH, quadrupled in price in less than a week. ACH rose from a seven-day low of $0.0160 to $0.0482, up 200%. The asset has since bounced back, trading at $0.0423 at the time of writing.

According to Alchemy Pay, the protocol will have a new onramp feature, integration Google Pay allows customers to make quick purchases using fiat currency.

Alchemy Pays Ramp service enables a very direct way to buy cryptocurrencies using fiat payment methods and allows users to store cryptocurrencies once purchased. It’s a key feature of the type Web3 movement.”

ACH also switch Management style from centralized to committee system.

As of January 1, 2023, Alchemy Pay has transitioned from a centralized management system to a committee-based management system. After a successful trial period, this change will become official and will be announced here.

Alchemy Pay’s founding team believed that implementing a committee-based management structure would bring in more expertise and expertise while sharing the pressure of running the business.

ACH too start up Partnership with Binance, the world’s largest cryptocurrency exchange. In a new announcement, Binance says a perpetual contract with up to 20x leverage will be launched on his ACH.

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