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Highlights
- ATA is the utility token of decentralized service protocol Automata Network.
- ATA crypto enables users to remain private while using decentralized applications across multiple blockchains.
- In the last 24 hours, ATA token price has surged by 164.3 per cent and it was priced at US$ 1.68 per token.
The cryptocurrency frenzy is back as the industry hit the US$ 2 trillion mark for the first time since May 2021.
After dropping down below the US$ 30,000 level, Bitcoin roared back to US$ 50,000 on Monday, August 23.
But it was not the only Bitcoin that attracted investors attention as other cryptocurrencies like Ether, Cardano (ADA) and XRP also gained significantly. ADA even surpassed the Binance Coin to become the third-largest cryptocurrency in the world in terms of market capitalization.
Amid rising cryptocurrencies, investors may have noticed the price surge of the Automata (ATA) crypto token, which was launched in June by cryptocurrency exchange platform Binance.
In the last 24 hours, ATA token price has surged by 164.3 per cent and it was priced at US$ 1.68 per token. At the time of writing this, the 24-hour trading volume of the ATA token had surged to US$ 1,628,682,696 and its market rank came down to 200 from 234, according to the data from CoinGecko.
If you are not aware of the new cryptocurrency, ATA is the utility token of the Automata Network, a decentralized service protocol that enables users to keep their identity private for decentralized applications across multiple blockchains.
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ATA's price movement and prediction
ATA token was up by 386.2 per cent in the last 24 hours when compared to the all-time low of US$ 0.343427 per token on July 20, 2021. Since the past one week, ATA token price surged by 217 per cent.
Also Read: Coin98 is rising. What is C98 crypto’s price prediction?
Although Automata's native utility token is very new, the growth trends indicate that the price might soar to US$ 5 per token by the end of this year and reach up to US$ 30 to US$ 40 per token in the next four years.
Automata look promising as it claims to offer traceless privacy services to the users and safeguards user privacy, which is in demand as data breaches happen throughout the year.
Bottomline
As the cryptocurrency market is highly volatile, price predictions should be taken with a grain of salt. It is always important to read and research about the cryptocurrency you are interested in before making any investment.
Also Read: Loopring skyrockets to $0.51. What is LRC token’s price prediction?
