ATAUSD Forecast: The Beginning of the Potential Rise
Since ATA is new to the market, we will look at the chart in a 15-minute time frame. Here we can notice that the price encountered resistance in zone 2.0241111, and after that, we have the current pullback at the current 1.4683330. We are now looking for support at the previous low at 1.338000, and our higher support is the MA200, while the MA20 and MA50 are the current price pressure from the top. As a new thing in the market, we can expect the bullish trend to continue for ATAUSD, and we will see a lot of consolidation for the market to form the initial picture for ATA on the chart.
The Market Overview
The Automata network is part of the Berkeley Blockchain Xcelerator 2021 and the recipient of the Web3 Foundation grant program.
The Automata Network (ATA) has raised $ 2.4 million in a funding round that includes leading crypto funds, Jump Trading, including KR1, and IOSG Ventures. It is also the 28th project launched at Binance Launchpoo.
Protocols working on public books, including Ethereum and Polkadot, are transparent. Their business can be overseen, and even the identity of the transaction is decoded.
The ATA network is a decentralized protocol and guarantees the privacy of dApps, preventing startup for DEXs and seamless computing in Layer-2 and cross-chain transactions.
The Automata network will also present and distribute its tokens via the Binance Pool from June 2.
ATA tokens will eventually be found in Binance’s Innovation Zone on June 7, 2021.
To start growing ATA tokens, users need to invest BNB, BUSD, and DOT in separate pools. ATA agriculture reached a conclusion after 30 days.
It is important to note that there are no investment restrictions, and users do not have to disclose their details through KYC.
There are a total of 1 billion ATA tokens. However, the project plans to distribute over 40 million ATA tokens from Launchpool. Most of the tokens, 28 million ATA, will become distributed to BNB owners. Concurrently, 8 million ATA remained for DOT stakeholders. The rest, 4 million ATA, became intended for BUSD owners.
According to Deli Gong, co-founder of the Automata network, their choice of Binance Launchpool was to reach a broader audience. They also wanted to improve liquidity and introduce flexibility for their growing community.
- Trading Instrument
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