Alchemy Price soared on Friday as crypto sentiment improved.
It also rose after the conclusion of the Token2049 event.
Alchemy Pay price went vertical on Friday as cryptocurrencies bounced back following Thursday’s flash crash. ACH price rose to a high of $0.016, which was the highest level since August 12. It has risen by more than 68% from the lowest level this month, giving it a market cap of over $76 million.
Alchemy Pay token rebounds
Alchemy Pay is one of the biggest blockchain companies that many people have never heard about. In February, the company raised $200 million funding in a deal that valued it at more than $10 billion. A few months before that, it had raised funds at a $3.7 billion valuation.
Its investors include LightSpeed Ventures, Andreessen Horowitz, and Panterra among others. In contrast, Coinbase, the publicly-traded company, is now valued at more than $15 billion.
Alchemy Pay operates behind the scenes, just like Amazon AWS and Microsoft Azure. It does this...
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