What is Atari Token?
Atari token, or ATRI, is a decentralized cryptocurrency developed by Atari Chain, a subsidiary of Atari, the popular American game development company.
The token was designed to meet the needs of the interactive gaming industry. Its main goal is to become a universal means of payment for the video game industry, giving gaming developers and publishers more options for monetizing their products, integrating smart contracts, protecting in-game assets, and much more.
Atari token is currently being used to pay for goods and services in its ecosystem, earn rewards, and make stakes.
The company develops the tools for its ecosystem. So far, it has created several tools, including:
• Portal: The portal allows users to interact with ATRI tokens and their ecosystem. Users can, for example, buy, exchange, withdraw, deposit, and stake their tokens from within the portal. The portal not only allows access to users' wallets, but also displays vital information like their transaction history.
• Smart wallet: The wallet provides a place where users can securely store, manage, and exchange their crypto. It is a mobile wallet that works with a combination of off-chain and on-chain technology. The wallet also provides users with a place to store NFTs.
• Decentralized exchange: The DEX allows users to swap between Ethereum, Fantom, and ATRI tokens via the Metamask browser extension. While the selection of crypto assets is quite limited at the moment, there are plans to add additional asset support soon.
The gaming company is also in the DeFi space and Metaverse. Its official site features a DeFi interface that allows users to purchase and stake their tokens for staking rewards.
As for the Metaverse, it already has a theme park featuring a variety of its gaming experience in The Sandbox virtual world. In 2021 it also launched a casino within Decentraland, another popular virtual world.
It is an ERC-20 standard token based on the Ethereum network and also operates on the Fantom blockchain. It is currently worth $0.00218, according to Coinmarketcap, and is the 990th largest cryptocurrency in the world with a live market cap of $4,886,062.
Like most cryptocurrencies, it has a max supply cap, which stands at 1,975,082,183 coins. There are currently 1,481,092,185 of them in public circulation.
For those interested in purchasing it, it is available on Pancakeswap, Uniswap, Hotbit, Bitbay, and its own DEX.
It is worth noting, however, that Atari token can't be bought directly with fiat currency. To purchase the coin, buyers must first buy other cryptos, like ETH or BTC, from a crypto-to-fiat exchange, then move to a crypto-to-crypto exchange that lists the coins to purchase them.
Is it a good investment?
There are a few reasons to consider Atari token as a good investment option. Firstly, it is backed by a reputable gaming company, which helps with its credibility. The coin is here to stay.
Secondly, its ecosystem keeps expanding, which can help with its price movement in the future. The more people start and continue using the coins, the higher the chances it might grow in price. The coin is already being used in the DeFi space and Metaverse.
Its parent company's numerous partnerships are another reason to have high hopes for the coin and consider it an investment option. So far, its parent company has partnered with the Litecoin Foundation, Game Taco, Rockstar Games, Enjin, Native Gaming, and Wax, to mention a few.
Several crypto prediction platforms also see ATRI as a good long-term investment option. It, therefore, might not be the best option if you are looking for quick profits.
According to Ambcrypto, ATRI might trade at an average price of $0.096 in 2023, $0.12 in 2024, $0.15 in 2025, and $0.19 in 2026. Cryptonewsz predicts the coin might hit a high of $0.0319 in 2023, close 2024 trading at $0.0342 per coin, and hit a maximum price level of $0.0446 by the end of 2025.
Most crypto prediction platforms agree that the coins might experience slight positive price movements. They also agree that it will be a long time before they start trading above $1. Some don't even see the coins trading above $1 by 2030 or 2031.
While the coins' current market price might deter some investors from investing, it does offer a good entry point into the crypto market for some beginners.
ATRI stands out as a token looking to dominate the gaming industry. It might not be where it is supposed to be price-wise, but considering what its parent company is working on, based on its roadmap, the coin has the potential to become one of the most sought-after cryptocurrencies in the gaming space. There are many reasons to keep a close eye on Atari and its crypto.
Author: Jay Jackson
Jay Jackson is a crypto trader, researcher and freelance writer. He works closely with people and businesses in the crypto sphere, writing blog posts, guides, press releases, reviews and ebooks.