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Automata Network Fundamental Analysis
Automata (ATA) is a native token of the Automata Network — a privacy-focused cross-chain solution for the distributed Internet, or Web3. Automata was launched in 2021.
Despite blockchain’s focus on confidentiality, dishonest actors use constantly evolving technologies and tricks to get user data. This means that even the blockchains that proved to be well-protected against the known “Big Bad” events like Sybil or 51% attacks can have other vulnerabilities.
Today’s ML and analytics are capable of extracting a lot of sensitive information based on some incidental patterns — which, for example, become available to the public in the blockchain governance process. Another example is MEV, or the transaction order manipulation within a block being mined, like frontrunning. This is done to improve a miner’s revenue at the expense of others.
Automata acts as a middleware solution for those privacy issues. Its architecture contains four interconnected layers, or planes:
- Ledger plane, which represents blockchains;
- Control plane, which routes both tasks and fees acquired from the ledger plane to the compute plane, and also controls the node registration in the network. The nodes constituting this plane are called Automata Validators;
- Compute plane, which consists of Automata Geode nodes executing the tasks. Geodes utilize Oblivious RAM technologies and other ways to obfuscate the traces of data, even from themselves;
- Service layer, which can host third-party privacy services.
The vital part of this network is the ATA token, which can be used for governance, mining rewards, network usage fees, and participating in Geode auctions.
Automata Network Price Chart
Automata token has started trading in June 2021 at $2.55, just as the crypto market was tumbling down. A bear market this early in ATA’s journey has become a real baptism by fire for this coin. As a result, Automata’s price plunged in the first two weeks of trading and didn’t get above $0.6 from late June until mid-August.
As the market started recovering, so did Automata’s price, though slowly at first, stabilizing around $0.7 by August 25. Later ATA’s price rose sharply, going up to $1.99, probably because of the new partnership announcements. However, by the first days of September Automata’s price corrected slightly, trading at ~$1.4.
Automata Network Technical Analysis
Despite the fact that 100% accurate technical analysis for Automata Network cryptocurrency is hardly possible, on this advanced technical analysis tool by TradingView you can see the real-time aggregated ATA buy-and-sell rating for selected timeframe. The summary for ATA/USD is based on the most popular technical indicators — Moving Averages, Oscillators and Pivots.
Automata Network Price Prediction
Below we have collected the most reliable price projections for Automata Network (ATA) from popular forecast platforms.
#1. WalletInvestor ATA Price Prediction for 2021, 2023, 2025
According to WalletInvestor, Automata Network price will grow from $1.29 to $2.865 in one year. That makes ATA an awesome investment. The long-term earning potential is 122.09%. Predicted price for the end of 2026 is $9.118.
#2. TradingBeasts ATA Price Prediction for 2022
Answering the question about if Automata is a good investment, TradingBeasts say a resounding yes. In the 2021 perspective, this coin price is predicted to reach $1.31583 with a growth to $2.18870 by the end of 2022.
#3. DigitalCoin ATA Price Forecast for 2021, 2022, 2023, 2025
In DigitalCoin analysis, the price of Automata Network cryptocurrency will rise in the next 5 years starting from $1.19149 as of today’s price to $4.5717756. It will go up to $1.940404 by 2022 and starts its reduction in 2023–2024. Based on this forecast, Automata Network is a profitable long-term investment.
As it can be clear from the analysis cited above, Automata Network (ATA) projections are rather contradictory. There is no universal consensus either about positive or negative future ATA price movements. Indeed, the future possible growth depends on various factors: announcements, new technological solutions of the Automata Network projects, the crypto environment in general, legal position, and so on. We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Disclaimer: This article should not be considered as offering trading recommendations. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
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Originally published at https://swapspace.co.
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