We were witnesses halving in the case of Bitcoin, in 2012 and 2016, after that the price of BTC begun to rise. Can we expect the similar progress in the case of AT token? Why the halving is important? Simply, because the inflation rate will decrease by 50%!
ABCC exchange issued its token called AT on 9th July 2018. AT token is very different from other tokens, thanks to the intrinsic value based on the progress of ABCC. This token provides holders 80% of fees paid on the exchange in the form of dividends. The more of AT tokens an user holds, the more profits he earns. On 6th November, the first 120 days period ends and amount of the AT tokens in each block (6 hour period) will be set at 43 750 ATs from the current 87 500. The release period for AT tokens is set at 2 years, and there are 6 periods (each lasts 120 days).
This year we can see the bearish crypto market and the diversification of your crypto portfolio is always welcomed. Sooner or later, the next bull run occurs, and it will also cause rapid growth in volume on crypto exchanges, this is excellent news for AT holders as the total paid fees on ABCC determine the number of dividends and the price of AT token. ABCC launched its service for partners and exchanges called ABCC cloud, and this should bring another source of volume at ABCC exchange.
The initial price of AT token was $0.5. A few days later the price soared to $3, then after traders took the profit the price begun to follow the overall crypto market sentiment and gradually decreased. The current price is around $0.3, and the room for the next growth is enormous. Total supply is 210 million and in comparison with other exchange's tokens is this number very low.
What should we await in next few days regarding AT price? The opportunity to buy AT tokens cheaply is still possible, if the total volume remains unchanged, the "mining" cost that influencing the price of AT token will sharply jump by 100%. If the sentiment on crypto markets will positively change before Christmas, this next factor could help the price of AT to achieve the $1 resistance and open the way for new ATH in the coming months.