Atari Chain Announces it Will Start Using Fantom and Sees a 72% Increase for its Token (ATRI)
ATRI, the token of Atari Chain, has recorded a big rise of 72% within hours after their announcement to start using Fantom blockchain. Atari Chain is the blockchain subsidiary created by the gaming pioneer Atari and ICICB Group
Atari is most well known for being one of the first and biggest video game creators in the world. They became a household name in 1972 with the release of the Atari 2600 Video Computer System. Games like Pong, Space Invaders, Frogger and Breakout solidified them in gaming history.
A division of Atari called Atari Chain dived into the blockchain world in 2020 with the release of their own cryptocurrency called Atari Token (ATRI). It is intended to be a means of payment within the interactive entertainment agency and lives on the Ethereum blockchain and is compatible with the cryptocurrency’s ERC-20 compatibility standard.
On September 1st 2021, Atari Token (ATRI) paired with the decentralized finance platform Fantom (FTM). The Fantom (FTM) blockchain is an inexpensive platform that processes transfers almost immediately. The token experienced a huge price surge of more than 72% at its height and reached an all-time high of .084USD on SpiritSwap.
Respected DeFi developer Andre Cronje, an outspoken supporter of the Fantom (FTM) platform tweeted about the Atari Token (ATRI) on September 1st.
Fantom (FTM) solves most of the problems posed by the Ethereum blockchains, namely by approving transfers of funds instantaneously and dramatically reducing the cost of transaction fees. You can now swap a single ATRI token and avoid massive transaction costs.
Before this, Atari Tokens (ATRI) were traded on the costly Uniswap and Bitcoin.com Exchange platforms. The threshold to purchase tokens was too high for many consumers. It is important to note that Atari Tokens are still available on the original platform and only about twenty percent of the tokens have been shifted to Fantom.
You can currently trade the tokens on most major dexes supported by Fantom like SpiritSwap, ZooCoin, and also on the popular ETH dex Uniswap.
This move excited investors and buyers and led to a massive increase in value for the token. It started the morning of August 31st hovering around .049USD. By the end of the next day, September 1st, the price had skyrocketed more than 72% to a final price of .082 USD.
At the time of writing this article on September 2nd, the price was holding steady at .078USD according to CoinMarketCap.com
Atari Token’s market cap is relatively low sitting at $65 million at the time this article was written. It is circulating a supply of roughly 890k coins and has a maximum amount of 7.7billion coins available. Needless to say, there is still a lot of upside to ATRI.
Following in the footsteps of its low price point history in the video game console world, the company is working hard to make the Atari Token (ATRI) easily accessible and affordable to all people. Their intention is to allow players to wager tokens against each other in skill-based games where the winner takes all.
The Atari VCS is the company’s most recent gaming project. It is a completely modern gaming and computer system that blends a gaming console and personal computer. The sleek device was manufactured with the ability to be used as a node to validate blockchain transactions.
It can be readily assumed that Atari will use the VCS platform to begin swapping Atari Tokens (ATRI) between players. Atari plans to launch online multiplayer games, a casino and even a betting platform that use their tokens.