This article centers around a thorough assessment of ABT coin’s technical and fundamental attributes using data obtained from www.coinmarketcap.com . Our ABTort aims to address vital inquiries regarding the projects associated with the cryptocurrency ; determining significant factors affecting its market value ; reviewing which are reliable exchanges for trading it ; identifying traded currency pairs ; exploring assorted key metrics that demonstrate critical aspects of performance such as highest low price values attained among other essential economic indicators. We will also provide regular weekly graphical or technical analyses aimed at assisting potential investors evaluate feasible investment risks areas while identifying prospective profits.
What is Arcblock (ABT) Coin?
Arcblock (ABT) is a cryptocurrency that powers the ArcBlock platform .
ArcBlock is an open and decentralized blockchain platform designed to enable easy development and deployment of decentralized applications (dApps) . It aims to provide developers with the necessary tools, frameworks , and protocols to build scalable and user-friendly dApps .
The ABT token serves multiple purposes within the ArcBlock ecosystem . It acts as a medium of exchange for transactions on the platform, enabling users to pay for various services such as deploying smart contracts or accessing specific features of dApps built on ArcBlock. Additionally , ABT tokens are used for network governance and participating in consensus mechanisms .
One key aspect of ArcBlock is its focus on interoperability , allowing developers to connect their dApps across different blockchains through its Open Chain Access Protocol (OCAP) . This enables seamless communication between various blockchain networks .
As with any cryptocurrency investment , it’s important to conduct thorough research before making any decisions regarding ABT tokens or any other digital asset.
If you want to know more about the Arcblock(ABT) coin , you can visit its website.
ArcBlock (ABT) has several key projects and initiatives within its ecosystem:
- ArcBlock Platform : The core project of ArcBlock is the development and maintenance of its blockchain platform . It provides developers with a comprehensive set of tools , frameworks , and protocols to build decentralized applications (dApps) easily .
- Open Chain Access Protocol (OCAP) : OCAP is an important project within the ArcBlock ecosystem that aims to enable interoperability between different blockchains . It allows developers to connect their dApps across multiple blockchain networks , facilitating seamless communication and data Exchange .
- ABT Network : ABT Network is designed as a high-performance blockchain network that serves as the infrastructure for running dApps on the ArcBlock platform. It focuses on scalability , security , and efficiency to support a wide range of decentralized applications .
- Decentralized Identity Solutions : ArcBlock also works on developing decentralized identity solutions that provide users with control over their personal information while maintaining privacy and security in digital interactions .
- Developer Community Growth : ArcBlock places emphasis on fostering a vibrant developer community by providing educational resources, documentation , forums , and support for developers building on its platform.
These projects reflect ArcBlock’s commitment to simplifying the process of developing dApps while promoting interoperability among different blockchains through OCAP . By focusing on scalability , security , and user-centric features like decentralized identity solutions, they aim to enhance the overall usability of blockchain technology .
It’s important for interested individuals or investors to stay updated with official channels for more information about ongoing developments from the ArcBlock team regarding these projects .
Factors affecting price:
The price of ArcBlock (ABT) coin, like any other cryptocurrency , can be influenced by various factors. Here are some key factors that may impact the price :
- Market Sentiment : Overall market conditions and investor sentiment towards cryptocurrencies can influence the price of ABT tokens . Factors such as market volatility or general trends in the crypto industry could affect how investors perceive and value ABT .
- Adoption and Usage : The level of adoption and usage of the ArcBlock platform can have an impact on the demand for ABT tokens. Increased activity on the platform, higher participation from developers building dApps , or successful deployment of popular applications may attract more users to utilize ABT tokens, potentially affecting their value .
- 3. Technological Developments : News about technological advancements or upgrades to the ArcBlock platform’s infrastructure could generate interest among investors and traders , potentially increasing demand for ABT tokens .
4Interoperability Solutions : As interoperability becomes increasingly important in blockchain ecosystems , developments related to Open Chain Access Protocol (OCAP) or other initiatives promoting cross-chain communication might positively influence investor sentiment towards projects like ArcBlock .
- Competition : The presence of competing platforms offering similar services might affect user adoption rates and consequently influence token value .
- Regulatory Environment : Changes in regulations concerning cryptocurrencies or blockchain technology could impact investor sentiment towards projects like ArcBlock.
- Partnerships and Integrations : Collaborations with other blockchain projects or strategic partnerships can raise awareness about ArcBlock’s capabilities and attract new users to its ecosystem . Positive news related to partnerships may have a positive effect on token price .
It’s important to note that cryptocurrency markets are highly volatile, so these factors should be considered alongside thorough research before making investment decisions regarding ABT tokens or any other digital asset.
Where can I buy Arcblock Coin (ABT)?
Exchange Pair Volume
Arcblock Coin (ABT) Baseline Assessment :
The market cap of the Arcblock(ABT) coin is $8.894.913 and its circulating supply is 98.580.000 units. Its maximum Supply is 186.000.000 units , with a fully diluted valuation of $ $16.782.854.
What is the high price point for Arcblock Coin (ABT)?
ABT Protocol(ABT) highest price is $1.66 recorded on May 06, 2018. The current price is -95.09% lower than the all-time high .
What is the low point of the price for ArcblockCoin (ABT)?
ABT Protocol(ABT) token’s lowest price was $0.04978 on Mar 13, 2020.
Arcblock Coin (ABT) Technical Outlook:
Arcblock (ABT) coin, which was $1.95 on 30 Apr 2018, dropped to $0.5202 on 13 Jun 2022. Although the price tried to rise after testing this level many times, these movements did not turn into a trend. For the uptrend to begin, the price must first stay above our falling trendline. ABT coin, which has suffered from the lack of volume in the market in recent weeks, is in search of volume. An increase in volume is necessary for the market structure to change and for the rise to begin. Falling fibo levels should be followed as resistance in possible rises.
Our support point: $0.05341. Our sequential resistances : $0.12492 – $0.21131 – $0.32315 – $0.49419 – $0.90480 – $1.95
Investment information comments, and recommendations contained herein are not within the scope of investment consultancy . The content, comments, and recommendations herein are not guiding but general . These recommendations may not suit your financial situation and risk and return preferences. Therefore making an investment decision based solely on the information herein may not yield results that meet your expectations .