A pair of crypto assets that facilitate peer-to-peer (P2P) connectivity have experienced a surge in popularity and price after being listed on crypto exchange giant Binance.
In a new announcement by Binance, a payment system that acts as a bridge between the crypto and fiat money economies. Alchemy Pay (ACH) It has been announced that the service token will now be available for trading.
According to the project website, Alchemy Pay is used as an “all-in-one online and offline crypto-fiat gateway service for businesses,” as well as enabling financial institutions to offer cryptocurrency investment services.
The news of the Binance listing moved the price of ACH vertically, making the altcoin jump 41.5 percent from $0.065 to $0.092 almost instantly. The altcoin has since slumped as low as $0.070 but has since rebounded as high as $0.079. Alchemy Pay is currently trading up 25 percent in the last 24 hours.
A layer-2 scaling solution for non-tradable tokens (NFTs) aimed at enabling near instant, zero gas fee transactions. Immutable X (IMX) It became one of the altcoins that received the green light from Binance.
IMX is an Ethereum token that can be used to stake on Immutable X, vote on the future of the peer-to-peer protocol, and pay transaction fees. The project’s website describes themselves as:
“We commit to Ethereum Zero Knowledge (ZK) proof so users can always verify and withdraw their assets.
Our engine supports over 9,000 operations per second, which is a 600x improvement over local limits.”
IMX rose nearly 15 percent from $3.75 to $4.29 after the listing announcement, but not as fortunate as ACH, the altcoin has since pulled back significantly. The Immutable X dropped as low as $3.40 and is trading at $3.67 at the time of writing, down nearly 6 percent.
According to Binance’s statement, both ACH and IMX will be available in Bitcoin (BTC), Binance USD (BUSD) and Tether (USDT) trading pairs.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.