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Automata Network Price Prediction: Should You Invest in Automata in 2021?

An up-to-date Automata Network price prediction for 2021, 2023, 2025. Wondering what is the future of ATA price? Find out Automata Network price forecast with historical, fundamental and technical analysis.

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Automata Network Fundamental Analysis

Project name
Automata Network
Stock Symbol
ATA
Curr. Price
0.8457448999999999
Curr. Supply/Total Supply
1000000000
ROI Since Launch
No Data
Launch Date
No Data

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:

  1. Ledger plane, which represents blockchains;
  2. 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;
  3. 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;
  4. 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 Live 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.

Summary

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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