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 an enormous rise of 72% inside hours after their announcement to start out utilizing 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 many first and largest online game creators on the earth. They turned a family identify in 1972 with the discharge of the Atari 2600 Video Pc System. Video games like Pong, Area Invaders, Frogger and Breakout solidified them in gaming historical past.

A division of Atari referred to as Atari Chain dived into the blockchain world in 2020 with the discharge of their very own cryptocurrency referred to as Atari Token (ATRI). It’s supposed to be a way of fee inside the interactive leisure company and lives on the Ethereum blockchain and is suitable with the cryptocurrency’s ERC-20 compatibility commonplace.

On September 1st 2021, Atari Token (ATRI) paired with the decentralized finance platform Fantom (FTM). The Fantom (FTM) blockchain is an affordable platform that processes transfers nearly instantly. The token skilled an enormous worth surge of greater than 72% at its top and reached an all-time excessive of .084USD on SpiritSwap.

Revered DeFi developer Andre Cronje, an outspoken supporter of the Fantom (FTM) platform tweeted about the Atari Token (ATRI) on September 1st.

Fantom (FTM) solves many of the issues posed by the Ethereum blockchains, specifically by approving transfers of funds instantaneously and dramatically lowering the price of transaction charges. Now you can swap a single ATRI token and keep away from large transaction prices.

Earlier than this, Atari Tokens (ATRI) have been traded on the expensive Uniswap and Bitcoin.com Trade platforms. The brink to buy tokens was too excessive for a lot of shoppers. It is very important word that Atari Tokens are nonetheless accessible on the unique platform and solely about twenty p.c of the tokens have been shifted to Fantom.

You’ll be able to at present commerce the tokens on most main dexes supported by Fantom like SpiritSwap, ZooCoin, and in addition on the favored ETH dex Uniswap.

This transfer excited traders and patrons and led to an enormous improve in worth for the token. It began the morning of August 31st hovering round .049USD. By the tip of the following day, September 1st, the worth had skyrocketed greater than 72% to a ultimate worth of .082 USD.

On the time of writing this text on September 2nd, the worth was holding regular at .078USD in response to CoinMarketCap.com

Atari Token’s market cap is comparatively low sitting at $65 million on the time this text was written. It’s circulating a provide of roughly 890okay cash and has a most quantity of seven.7billion cash accessible. Evidently, there may be nonetheless a number of upside to ATRI.

Following within the footsteps of its low worth level historical past within the online game console world, the corporate is working arduous to make the Atari Token (ATRI) simply accessible and reasonably priced to all folks. Their intention is to permit gamers to wager tokens in opposition to one another in skill-based video games the place the winner takes all.

The Atari VCS is the corporate’s most up-to-date gaming mission. It’s a fully trendy gaming and pc system that blends a gaming console and private pc. The smooth system was manufactured with the flexibility for use as a node to validate blockchain transactions.

It may be readily assumed that Atari will use the VCS platform to start swapping Atari Tokens (ATRI) between gamers. Atari plans to launch on-line multiplayer video games, a on line casino and even a betting platform that use their tokens.