Automata (ATA) has only been around for a year, so don’t beat yourself up if you haven’t heard of it. We’ll tell you a little about it in our ATA price prediction guide but we really want to focus on where the coin is headed in the coming years. Keep reading to find out!
What is ATA?
Automata (ATA) touts itself as a protocol that powers Web3 decentralized applications (dApps), while providing high-quality, private, and painless transactions to businesses. The project provides multiple products, including a cross-chain that focuses on privacy, a scalable staking protocol, and interoperability with other blockchains.
A group of blockchain engineers, researchers, and developers established Automata in 2019. The team is led by co-founders Zheng Leong Chua and Deli Gong, who both have previous experience in computer science and infrastructure respectively. Overall, the founding team consists of 11 members, many of whom have received prestigious awards within the blockchain sector.
Essentially, Automata wants to make a name for itself in the Web3 industry by providing privacy services and interoperability among Defi blockchains. The project focuses solely on Web3 infrastructure and transactions, giving networks control over their APIs and source code.
Currently, Automata supports both Binance Smart Chain (BSC) and Ethereum (ETH) blockchains. However, the project offers a solution that’s chain-agnostic, so it will operate with decentralized platforms like Uniswap and Sushiswap as well. Additional features available with Automata include integration with decentralized exchanges, privacy-focused transactions, and gasless trading.
Price Prediction for 2022
The crypto market has experienced a significant downturn in 2022, which has impacted the price of ATA. At the end of January, the price of the coin was $0.399 and continued to fall to $0.36 throughout February. There was a brief ray of light in March, as the token ended on a yearly high of $0.49.
ATA roared into April, seeing another high of $0.54. Unfortunately, the price came tumbling down as the market turned and the coin ended the month at $0.28. It looked like ATA might pull out of its slump in early May as it reached $0.32 on the 5th of the month, but then things took a drastic turn.
Less than a week later, the coin check-in at an all-time low of $0.13, ending the month on a slight uptick at $0.18. At the time of writing, ATA is valued at $0.17, which is where it’s been the past few weeks. There are roughly 172.25 million ATA circulating while the project has a total supply of one billion coins. By market capitalization, Automata ranks 426th in the industry.
Bearish Case
Automata has followed the overall market over the past few months, riding the highs and lows as they occur. One of the biggest challenges ATA will face is a continued crypto winter. If the current trend continues don’t be surprised to find ATA at around $0.12. This could also be the case if interest in Web3 wanes and investors no longer see the value in what ATA has to offer.
Bullish Case
On the other hand, if the market takes a positive turn in the next few months, analysts say that the price of ATA could reach $0.22 by the end of the year. This value may also be realized if interest in Web3 technologies continues to grow. As the market expands ATA will see an increase in adoption from companies who see the value in what Web3 has to offer.
Average Price
Predictions suggest that ATA will see an average of $0.17 throughout the remainder of 2022, which is in line with how the coin has performed over the past few months.
Prediction from other sources
Let’s take a quick peek at what other sources have to say about ATA:
Wallet Investors
Wallet Investors isn’t very high on ATA for the foreseeable future. Based on its prediction models, ATA sees a negative trend for Automata and suggests that you avoid adding the coin to your portfolio. The prediction platform says that ATA is a bad investment, with a 12-month low of just over $0.01.
Here are the predictions for 2022 from Wallet Investors:
- August: Minimum $0.000001 – $0.476 Maximum
- September: Minimum $0.000001 – $0.4028 Maximum
- October: Minimum $0.00614 – $0.0211 Maximum
- November: Minimum $0.00636 – $0.210 Maximum
- December: Minimum $0.0588 – $0.0218 Maximum
DigitalCoinPrice.com
DigitalCoinPrice sees ATA as a decent investment. The site expects the coin to see a 12-month high of $0.23, a low of $0.21, and an average of $0.22. It’s clear DigitalCoinPrice doesn’t see much fluctuation in Automata between now and the end of the year.
Tech News Leader
The analysts at Tech News Leader believe that ATA has plenty of potential for the coming year and beyond. For 2022, the team expects a maximum price of $0.21 for ATA, with a low of $0.18. Its average price throughout the year will hover around $0.19.
PricePrediction.net
Based on an analysis by PricePrediction.net, ATA will see a minimum of $0.18 throughout the year. Automata could get as high as $0.21 if the market trends upward, with an average price of $0.19 for 2022.
Price Prediction for 2023 – 2025
Analysts expect ATA to increase throughout 2023 as investors and developers increase their efforts to make the project successful. As a result, the high price for the project is expected to reach $0.32. However, if the coin doesn’t see as much growth as projected, it may only reach $0.28 throughout 2023, with an average of $0.30.
Web3 and dApps will rule 2024, which will drive the price of ATA upward. The digital economy will also see significant adoption and growth, resulting in a nearly doubling in the price of Automata. Analysts predict the coin to reach a high of $0.48 by the end of 2024. Even if the market doesn’t expand as quickly as expected, ATA will see a low of only $0.41 with an average of $0.44.
2025 will be another good year for Automata. Prices will reach new all-time highs, with a maximum value of $0.71. This number will be easily reached so long as everything goes smoothly for the project between now and then. Average prices for ATA in 2025 will be around $0.61, with a low of $0.52. However, don’t be surprised if the market drops a bit during the year after experiencing an extended bull run in 2024.
Price Prediction for 2026 – 2030
It’s no secret that the crypto market is very volatile, which is why it’s difficult to predict how well a token will perform in the future. This is true as we enter the back half of the 20s. Still, analysts see the crypto market continuing to grow, which is why we see Automata crossing the $1.00 mark in 2026, with an average of around $0.85.
New features and functionalities available through Automata will push the project even further. While the project will hold steady for the first half of 2027, it will eventually break out and reach a maximum price of $1.52 and a minimum of $1.23.
2028 sees a new era for crypto. The market sees additional adoption as Web3 continues to reach even further into our society. This brings a huge year for ATA, as the coin crosses the $2.00 mark for the first time with a maximum of $2.05. The average and minimum aren’t far being at $1.84 and $.177 respectively.
The last year of the decade takes ATA across $3.00 as the coin reaches a maximum price of $3.21 by the end of 2029. This comes with increased interest and investments from high-profile companies and financial institutions. With an average price ranging around $2.75, 2029 will be a solid year for Automata.
As ATA’s community grows and its offerings expand, so too will its price. In 2030, Automata will reach new highs, recording a maximum price of $4.54. Investors still get a solid return even if the price comes in at its low point of $3.67.
FAQs
Is ATA coin a good investment?
ATA coin is a good investment because it has potential for future growth. The project has a strong community and is constantly expanding its offerings. Additionally, analysts believe that ATA will continue to grow in popularity, which could lead to an increase in price.
What is ATA Crypto used for?
ATA Crypto is used for a variety of purposes, including powering the Automata Network and being used as a means of payment. The coin can also be staked, which allows users to earn rewards for helping to secure the network.
How many ATA are there?
There are a total of 1 billion ATA coins with over 172 million in circulation. It is worth noting that ATA is a deflationary digital currency as it burns its coins over time. Additionally, since ATA technically resides on the Ethereum blockchain, it is considered a token and not a coin.
Will ATA go up?
It is difficult to predict the future of ATA, but analysts believe that the coin has potential for future growth. This is based on the strength of the community and the continued expansion of the project.
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