Technical infrastructure · My holdings

ACH — Alchemy Pay

A payment service provider connecting fiat and crypto payments for merchants; ACH is a utility token and the future gas token of its own chain.

What it is for

Set out to: A bridge between fiat payment rails and crypto for merchants and applications.
Today in addition: Money transmitter licenses in several US states, licenses in Hong Kong and Switzerland, card products.
Notable: A payment service provider with its own token and regulatory approvals.
Strength: Connection to more than 300 payment channels.
Weakness: The token is only loosely tied to the payments business.

Contract address

Chain: Ethereum

0xEd04915c23f00A313a544955524EB7DBD823143d

Unabridged and deliberately not linked: a blockchain explorer that we have not checked would be a statement we cannot support.

Score 37of 93

Market capitalization $49Mas stored

against Bitcoin, 90 days -26.2%^‡not against the dollar

CoinMarketCap #6958numeric identifier

Where the price stands today between its two endpoints — logarithmic, because orders of magnitude lie in between.

The four cycles

Measured on daily closing prices, never on daily highs or lows. The cycle boundaries are Bitcoin’s own highest and lowest daily closes: January 14, 2015, December 16, 2017, December 15, 2018, November 8, 2021, November 21, 2022, October 6, 2025 and the current low on June 30, 2026. A day counts only if at least ten thousand dollars were traded on it. The price against Bitcoin is given in satoshi — one satoshi is one hundred-millionth of a bitcoin.

Cycle	Lowest daily close	Highest daily close	Rise low → high	Fall high → low
2015 to 2017January 14, 2015 to December 16, 2017	did not yet exist
2018 to 2021December 15, 2018 to November 8, 2021	$0.023461.27 satAugust 3, 2021	$0.1558363.43 satAugust 6, 2021	in dollars +$0.1324 (+565.8%)against Bitcoin +493.2%from $0.0234 on August 3, 2021 to $0.1558 on August 6, 2021	in dollars -$0.1055 (-67.7%)against Bitcoin -76.3%from $0.1558 on August 6, 2021 to $0.0503 on October 27, 2021
Only partly measured: reliable trading only from August 3, 2021. What lay before that in the window is not recorded; the figures above are the endpoints of the measured part, not those of the whole cycle.
Year by year
2021: in dollars +342.2% (from $0.0234 to $0.1035) · against Bitcoin +150.0%
2022 to 2025November 21, 2022 to October 6, 2025	$0.0075345.82 satDecember 19, 2022	$0.051250.92 satFebruary 1, 2025	in dollars +$0.0437 (+580.2%)against Bitcoin +11.1%from $0.00753 on December 19, 2022 to $0.0512 on February 1, 2025	in dollars -$0.0340 (-66.4%)against Bitcoin -68.9%from $0.0512 on February 1, 2025 to $0.0172 on September 25, 2025
Year by year
2022: in dollars -14.2% (from $0.00908 to $0.00779) · against Bitcoin -18.2%
2023: in dollars +170.9% (from $0.00787 to $0.0213) · against Bitcoin +6.4%
2024: in dollars +14.3% (from $0.0223 to $0.0255) · against Bitcoin -45.9%
2025: in dollars -27.0% (from $0.0261 to $0.0191) · against Bitcoin -44.7%
since 2026, ongoingJune 30, 2026 to September 17, 2026	$0.004106.39 satJuly 24, 2026	$0.005456.83 satSeptember 5, 2026	in dollars +$0.00136 (+33.2%)against Bitcoin +6.9%from $0.00410 on July 24, 2026 to $0.00545 on September 5, 2026	in dollars -$0.000614 (-11.3%)against Bitcoin -7.4%from $0.00545 on September 5, 2026 to $0.00484 on September 10, 2026
Year by year
2026: in dollars +24.4% (from $0.00422 to $0.00525) · against Bitcoin -4.7%

If the high of a window comes before the low, the rise is calculated from the low to the next interim high within the same window.

The four questions that are always answered

Net supply and issuance pressure6 of 20 Starting valuation and size leverage14 of 14 Survivability8 of 12 Relative strength against Bitcoin2 of 6

the score is calculated from all twelve criteria. What the twelve questions measure and what has been corrected about the measurement is on the method page.

The remaining criteria are not recorded individually for this asset; the total comes from the assessment of August 28, 2026.

The figures in detail

Price, as stored$0.0049 against Bitcoin, 7 days-0.7%^‡ against Bitcoin, 30 days+0.8%^‡ listed on CoinMarketCap sinceSeptember 2020 Age since listing6.0 years Fees relative to valuationnot determined Supply still locked34.8% hard supply capyes Carried by Nexonot found Trading venues of 15 checkednot collected

‡ The percentages come from a snapshot of August 28, 2026 and are not calculated from daily closing prices. Whether and when they will be recalculated together is decided by the model revision on December 8, 2026.

Finding

The ramp runs in fiat and stablecoins

Investors and partners: $10.0 million. DWF Labs as lead — awards no points, because projects with large backers did not perform better.

Nexo: Not found on the three public Nexo pages checked on September 1, 2026. That does not mean that Nexo does not carry the asset.

No investment advice, no price forecast, no buy or sell recommendation. A high score does not mean “will rise”. It means the asset scores better on these questions than the others.