What is ArcBlock (ABT) crypto & why is its price up 75%?

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Highlights

  • Any particular asset of the crypto world can suddenly gain even when other assets are losing value
  • ArcBlock crypto is one such asset that has lately risen sharply in its trading volume
  • ArcBlock Network’s ecosystem has a wallet service, which can be availed on a smartphone

How many cryptocurrencies exist today? There is arguably no exact count available with CoinMarketCap tracking the price data of close to 20,500 cryptoassets.

The abundance of assets in the crypto market calls for due diligence and extreme caution, no matter what a project claims in its whitepaper. That said, any cryptocurrency can defy the usual trend of the crypto market and can rise or fall sharply in a matter of just a few hours. As of now, the asset rising in value, more than Bitcoin or Ether, is ArcBlock crypto or the ABT token.

Let us explore ArcBlock’s ecosystem and understand why it is rising.

ArcBlock cryptocurrency

The ecosystem relies heavily on the ABT Network, which the project claims, is an interoperable “super highway” for blockchain. It can support multiple crypto tokens and datasets, ArcBlock says. Both private and public chains can also be supported on ABT, and it can serve as a platform for the deployment of new blockchain-based applications (DApps).

One of the primary products of the ArcBlock ecosystem is the DID wallet, which can be downloaded on a smartphone to transact cryptocurrencies.


 


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