The value of ABT, ArcBlock’s native token, has gone through a huge rise, rising 26% in just 24 hours to reach a new high of $3.92. CoinMarketCap data shows that this rise has been accompanied by a notable rise in trade volume, which reached $31.8 million during the same time period. This has helped raise the market capitalization of the token to $383 million.
ABT is an important part of the ArcBlock ecosystem, which is a platform that combines blockchain technology with cloud computing to make it easier to make and use autonomous apps.
The platform gives a wide range of services, parts, and apps, creating an ecosystem that changes on its own. It was made to be easy for users to access and save funds. As an ERC-20 coin, ABT’s main job is to make payments possible in this way.
ArcBlock Token Price Soars
AIGNE, ArcBlock’s AI applications engine, has made it easier for everyone to use large language models and creative AI technologies. By using a code-free method, AIGNE makes it easy for users to use large language models (LLM) and generative AI (AIGC), which lets people use AI to build complete apps.
From what CoinMarketCap can tell, the price of ABT has gone up by 35% in the past two days. Because of some news that Robert Mao, the founder of ArcBlock, has been making, ABT’s value has recently gone up. On May 13, Mao said that AI bots could be a significant component of people’s daily lives by 2030.
He also said that the market for them would be worth $15 trillion to $25 trillion. Then, on May 14, Mao said that the AIGNE model was now more powerful because GPT-4o support had been added. The coolest things about GPT-4o are that it can make short videos and process and understand video and music from files that you share.
The cryptocurrency market has stayed pretty stable, with a market size of about $2.26 trillion, even though ArcBlock has done a great job. The Fear and Greed Index, which shows how investors feel, is at 52 right now.
This means that people who buy crypto don’t have a strong opinion one way or the other. Bitcoin’s price, which is now $62,210, has been staying the same for a while now. It is the most valuable cryptocurrency by market value. They are being careful because the market is in a mixed mood, as this trend of buying that doesn’t move shows.
