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Automata Network (ATA) fundamental analysis and price prediction 2021-2025

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Written by   168
4 months ago

Privacy is an important element in every decentralized application (dApps), and Automata (ATA) is poised to become the leading privacy solution for dApps.

Recently Automata conducted its public token sale on the Binance Launchpad where it allocated 40,000,000 ATA (4% of the maximum supply) to the Launchpool.

In this post, we will discuss everything you need to know about the project, including whether it's a potentially good or bad investment, and what the price of the ATA token could be in the next 2 to 5 years.

What is Automata (ATA)

Automata is a decentralized service protocol that provides in-built privacy solutions for dApps across multiple blockchains.

The Project's mission is to provide the necessary infrastructure that to make realizing true privacy and decentralization in dApps a reality.

Automata achieve this by concealing data access patterns on a single node as well as multiple nodes in a P2P system.

The protocol guarantees that nodes in a blockchain network cannot leak any information such as which data is being accessed, when the data was last accessed and the access pattern (whether sequential or random) being used, as well as where or who else is accessing the data, etc.

And it empowers every dApp that integrates with it to provide the same level of privacy and seamless transactions for their users.

Automata (ATA) fast facts

  • Automata empower dApps with privacy solutions and support multi-chain interoperability.

  • Automata help conceal all users data against the decentralized hosting nodes themselves to assure maximum dApp users privacy.

  • Automata aim to provide dApps with the resources and technology to compete favourably with traditional web 2.0 web and mobile applications.

  • Automata is a sub-second layer-2 solution for multiple blockchains supporting cross-chain atomic transactions.

  • Automata support anonymous voting for DAOs( decentralized autonomous organisations), secret messaging between networks and serves Do-not-track querying for blockchain indexers.

  • Automata prevent the prevalent front-running menace in DEXs (decentralized exchanges) and assure tamper-proof data sourcing for oracles.

The Automata (ATA) team

There's very little to zero information about the project team anywhere. An admin who replied to my inquiry about the team in their telegram group, says "team will be announced in future".

However, according to Binance Research article on Automata, "Automata Network is built by industry veterans and researchers, with the team having previously worked at Zilliqa, LongHash, and the National University of Singapore".

The team seems to have previously worked on similar projects (ObliveP2P, PRO-ORAM, and SGXP2P as stated in the project's whitepaper.

Thus I believe they have both the experience and skill required to make the project a success.

Automata (ATA) core features

Automata (ATA) is built on the latest, industry-leading crypto and privacy-protection algorithms and hardware-based trust to bring unquestionable privacy and operational efficiency to dApps.

The project is highly technical but we're not going into all that technicality. So below, we highlight the key important features that the project that you can easily relate with:

  • Multi-chain compatibility

  • Seamless integration

  • Powerful privacy solution

  • Performance enhancement

  • Front-running prevention

1. Multi-chain compatibility

Automata was designed to be compatible with all chains. It employs atomic swap technology to make it possible for multiple blockchains to exchange data in a privacy-preserving manner.

Thus increasing the market base of the project to include all dApps on any blockchain that's interested in providing its users with the best of privacy, which if widely accepted will be key to the project's success.

2. Seamless integration

Automata was built to be easily integrated into existing dApps on any blockchain with near-zero modifications required.

As such any dApp on any blockchain would be able to integrate with Automata to let users take control over their own data.

3. Powerful privacy protection

Automata offer developers and users an intuitive, seamless experience by making it easy to provide privacy as a built-in option in dApps.

Effectively providing a fairer space where users regain and maintain control of their own data, identity and digitial destiny.

4. Performance enhancement

One of the main goals of Automata is to provide developers with the tools and resources they need to seamlessly build high-performance dApps applications, that can compete favourably with traditional web or mobile applications.

5. Front-running prevention

Front-running is highly prevalent on DEXs as miners and specialised bots attempt to outcompete regular traders and investors by replicating their trades with higher gas fees and getting their own transactions executed first.

Automata help prevent front-running on especially DEXs with its Conveyor solution which ingests and outputs transactions in a determined order.

As such any attempt to circumvent or delete ordered transactions is rejected due to what is called a signature mismatch.

Thus, effectively preventing front-running on the trading pairs that support Conveyor.

The Automata (ATA) community

Within just a few weeks after launch Automata has managed to attract over 18,000 community members in its official Telegram group and 70,000+ Twitter followers.

This fast community growth is mostly attributable to its Binance affiliation as the 20th Binance Launchpool project.

However, community size hardly matters much for this project. What would truly drive its value up is the number of dApps that uses its protocol to offer privacy features to their users.

The more dApps Automata can partner with to adopt their privacy protocol the more valuable the project will become.

Thus the best community participants to look out for are partnering projects and dApps.

The Automata (ATA) token

ATA is the native cryptocurrency of the Automata Network that's available on both Ethereum and the Binance Smart Chain (BSC).

The token has a maximum supply of 1 billion with 172,252,000 currently in circulation according to data from CoinGecko.

ATA use cases:

The following are the use cases of the ATA token:

  • Governance: ATA token holders can create and vote on proposals, platform features, and network parameters.

  • Mining rewards: Compute and storage miners earn ATA tokens by running applications and executing transactions for users on the network.

  • Protocol fees: Users pay miners for storage and computation work tasks.

  • Geode allocation: Users can bond ATA tokens to participate in Geode auctions.

Automata (ATA) price prediction 2021-2025

Upon its Binance listing on June 7th 2021, the ATA token flash-pumped from its listing price of 0.04 to $4.5 on the same day.

It dumped equally hard in the following 5 days to sub $0.6 and now currently trades at $0.9 on June 16th.

This has left many first-day buyers in huge losses and you will find them calling the project a scam on Telegram and elsewhere.

But what could the price of ATA be under normal circumstances?

That's the question we will attempt to answer in this price prediction.

Automata (ATA) price prediction for 2021

As of today, June 16, 2021, there's been no announcement of any form of partnership with any dApps or project that have adopted Automato to provide privacy to their users.

Thus the price of ATA right now is purely based on the activity of traders and the emotions of speculative investors rather than network usage which makes it difficult to predict.

However, if we see another bull run this year, I think ATA could touch $5 by the end of 2021 and the circulating supply would be around 200 million.

This would give the token a market cap of about $1 billion before any possible retracement as investors and traders book profits.

I am also confident that before the year runs out there would be major announcements ad partnerships that would support the above price action.

Automata (ATA) price prediction for 2022 to 2025

As mentioned previously the success of this project and the price potential of the token is mostly dependent on its wide adoption by dApps on multiple blockchains.

With the increasing wave of governments poke nosing and interference in their citizens crypto activities we would likely see a huge demand for privacy functionalities in popular dApps.

Automata security products are not just superior to existing solutions but they're easy to integrate and build upon on any chain.

I believe this will give it an edge in the market which will lead to its wide adoption by projects and dApps that wants to offer privacy functionality to their users.

Should this be the case ATA could go as high as somewhere between $10 to $25 between 2022 and 2025.

By this time, I also believe that the circulating supply would be significantly higher, up to at least 500 million (if not the entire 1 billion), depending on the rate of inflation.

This would put the market capitalisation of ATA in the range of $10 to $25 billion.

But a privacy middleware solution should be worth that much within 2 to 5 years, should it? This is crypto and anything is possible.

It's a governance token and the more dApps and projects it partners with the higher the value of the token.

Add that to the activity of speculators and if we see one or two of the kinds of bull runs we have seen so far, these prices will start looking very conservative.

Conclusion

There's so much noise about decentralization and privacy being the hallmark of crypto and blockchain technology but we all know that in reality, very few dApps or projects are truly decentralized and privacy is mostly just a buzzword.

Most people do not realise that decentralization is only a small step forward towards privacy protection.

Automata Network is a decentralized privacy solution for dApps with supports for multiple blockchains that aims to bring provable privacy, decentralization and high performance to dApps on multiple chains.

The project is still in its infancy but if widely adopted by projects to implement privacy features in their dApps, a $5 price for the ATA token before 2021 end and $25 before the end of 2025 is a no-brainer.

What do you think about Automata (ATA), would it gain the need partnership with dApps for its success? Share your thoughts with us in the comments section below.

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