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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

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Alchemix

ALCX

Explore Alchemix

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Alchemix

ALCX is an Ethereum token that governs Alchemix Finance, a protocol that lets users open collateral-backed loans that are paid off automatically using yield generated by the collateral. ALCX can be used to propose and vote on changes to the protocol.

Resources

Whitepaper
Official website

Alchemix is a distinctive digital asset in the realm of cryptocurrency, represented by its governance token, ALCX. This protocol seeks to provide a fresh approach to the financial applications of blockchain technology. As a governance token, ALCX allows holders to participate in the decision-making process of the Alchemix ecosystem, influencing its future direction and development. It's a method for users to have a say in the protocol's rules, operations, and improvements, fostering a sense of community ownership.

Alchemix operates on a unique model that strives to redefine traditional financial systems. It allows users to obtain advances on their future yield through its self-paying loans. This means that users can borrow against their future asset returns, and the protocol automatically repays these loans over time using the yield it generates. This innovative approach seeks to provide users with immediate liquidity without the need to wait for their assets to generate returns.

The potential use cases for Alchemix are vast and varied, given its unique financial model. It can be used by individuals who seek immediate liquidity and are willing to leverage their future asset returns. It can also be used by those who want to participate in the governance of a decentralized financial ecosystem, influencing its direction and growth. Furthermore, Alchemix can be used by developers and innovators who want to build on top of its protocol, creating new applications and services that leverage its unique capabilities.

The history of Alchemix is rooted in the evolution of decentralized finance (DeFi). As a relatively new player in the DeFi space, Alchemix has quickly gained recognition for its innovative approach to finance. The protocol was developed with the aim of providing a solution to the limitations of traditional financial systems, particularly the time it takes for assets to generate returns. By allowing users to borrow against their future asset returns, Alchemix has introduced a new way of accessing liquidity in the cryptocurrency market.

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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.

Market

United Kingdom Market stats

Market cap

£29.9M

Volume (24h)

£3.1M

Circulating supply

2.4M ALCX

Typical hold time

10 days

Popularity

#647

All time high

£38.33

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

-0.49%

Price change (1d)

+6.54%

Price change (1w)

+20.87%

Price change (2w)

+20.34%

Price change (1m)

+12.32%

Price change (1y)

-4.86%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Alchemix on social media

342 unique individuals are talking about Alchemix and it is ranked #556 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Alchemix has an average sentiment score of 3.1 out of 5. Finally, Alchemix is becoming more newsworthy, with 0 news articles published about Alchemix. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Alchemix. There were 55.38% of tweets with bullish sentiment compared to 21.54% of tweets with a bearish sentiment about Alchemix. 23.08% of tweets were neutral about Alchemix. These sentiments are based on 65 tweets.

On Reddit, Alchemix was mentioned in 4 Reddit posts and there were 9 comments about Alchemix. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

342 people

Posts

64 posts

Dominance

0.02%

Volume rank

#556

Average Sentiment

3.1 out of 5

Twitter

Alchemix is on the rise this week.

The price of Alchemix has decreased by 0.49% in the last hour and increased by 6.54% in the past 24 hours. Alchemix’s price has also risen by 20.87% in the past week. The current price is £12.68 per ALCX with a 24-hour trading volume of £3.08M. Currently, Alchemix is valued at 66.93% below its all time high of £38.33. This all-time high was the highest price paid for Alchemix since its launch.

The current circulating supply of Alchemix is 2,351,666.714 ALCX which means that Alchemix has as total market cap of 2,351,666.714.

FAQ

What is the current price of Alchemix?

We update our Alchemix to GBP currency in real-time. Get the live price of Alchemix on Coinbase.

What is the market cap of Alchemix?

The current market cap of Alchemix is £29.90M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Alchemix?

The all-time high of Alchemix is £38.33. This all-time high is highest price paid for Alchemix since it was launched.

What is the 24 hour trading volume of Alchemix?

Over the last 24 hours, the trading volume of Alchemix is £3.08M.

What other assets are similar to Alchemix?

Assets that have a similar market cap to Alchemix include Beta Finance, Astrafer, ABBC Coin, and many others. To see a full list, see our comparable market cap assets.

How many Alchemix are there?

The current circulating supply of Alchemix is 2.4 million.

What is the typical holding time of Alchemix?

The median time that Coinbase customers hold Alchemix before selling it or sending it to another account or address is 10 days.

What is the relative popularity of Alchemix?

Alchemix ranks 202 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Alchemix?

Currently, 88% of Coinbase users are buying Alchemix. In other words, 88% of Coinbase customers have increased their net position in Alchemix over the past 24 hours through trading.

Can I buy Alchemix on Coinbase?

Yes, Alchemix is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Alchemix guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024