Arcblock Price Prediction

ABT is a token of the ArcBlock platform service that combines blockchain technology with cloud computing. It is built as a marketplace for reusable services, components, and applications. The main role of users on this platform is to contribute more services and applications. This makes the platform creation of the community altogether.

With the help of the Open Chain Access Protocol developers now have an opportunity to try various blockchains and switch between them. It also makes it easier to create an application that can be run on several blockchains.

ArcBlock also uses Blocklet, a serverless computing technology, which is able to perform on-chain and off-chain computing. The whole project is designed to be run in the cloud. The service is driven by a token economy. Incentives play a crucial role in the development of the platform. They bring the community together and encourage developers to contribute more. Thus, the ecosystem evolves.

The ABT token can be used for different purposes. For example, it is needed to pay for the cost of using the ArcBlock. Developers also have to pay a monthly fee to let people use their applications. On the other hand, there is no fee for each transaction.

ABT Statistics

ArcBlock Roadmap

Unfortunately, the last published on the official website roadmap is for 2018. However, to keep in touch with all the changes on the platform it is rather useful to read the blog on the website. Here the team shares the most important highlights of every month, important information, and achievements.

Crypto community about ABT

The ArcBlock community on social media is not very active. Nevertheless, we can see that there are project supporters. There are also people who participate in the life of the community as critics.

For more active discussions it is useful to follow ArcBlock's official Telegram channel.

ABT Price Prediction

1. Digitslcoinprice.com has a slightly different point of view:

ABT Price Prediction 2024

As of August 10, 2022:

Analysts from Tradingbeasts.com expect a recovery in the middle of spring. The trend will change to bullish, and there is a chance that the year will be closed at $0.21.

According to WalletInvestor.com the first part of the year is expected to be bullish. The price may reach $0.4 in May. However, after that the price will start to fall. And by the end of the year it may be around $0.17.

Digitalcoinprice.com suggests that 2024 will be a year of accumulating strength before a jump. Thus until May the price will stay at the low level, starting from May it will set up an upgoing trend. By December it may reach $0.39.

ABT Price Prediction 2025

As of August 10, 2022:

According to Tradingbeasts.com the trend will remain upgoing. The price may reach $0.25.

WalletInvestor.com predicts a fluctuation around $0.2. The price will try to reach $0.3, but by December it will return to $0.17.

Digitalcoinprice.com predicts that the ABT will try a new $0.4 level. It will be seen in the beginning and in the middle of the year. However, in winter there will be a little decrease. The year will be finished at around $0.35.

ABT Historical Price Analysis

As of August 10, 2022:

All Time High (May 6, 2018): $1.66

All Time Low (Mar 13, 2020): $0.04978

The all time high price happened right after the launch of the token. Unfortunately, it did not last long. Starting from June 2018 the ABT token has been trading below zero, mostly between $0.04 and $0.2. However, we could see a sudden increase of almost 75% from August 1 to August 8. This may have to be connected with the integration with Coinbase Pay. Basically, the main price drivers are events that happen on the platform.

Conclusion

ArcBlock provides fresh solutions to old problems. Since this project is a pioneer in these innovations it may take a while before it will set up a strong position in the market. When it happens, the price of the ABT token may start growing. So far it may be interesting to explore technical opportunities provided by this platform.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.