Abbc coin price prediction: What is abbc coin?
By Peter Henn
Updated
The ABBC platform wants to help people buy things using crypto, but what is abbc coin (ABBC)?
Let’s see what we can find out about it, and also take a look at some of the abbc coin price predictions that were being made as of 6 January 2023.
Abbc coin explained
One of the key aims of cryptocurrency is for people to be able to use it in exactly the same way as fiat currency. While the world of decentralised finance (DeFi) allows people to access financial services such as loans without having a conventional bank account, the fact remains that for many people, money is there to be spent.
And with the growth of the numbers of crypto not quite reflecting the overall public utility of the sector, it remains the case that it is not as easy to make or receive a payment for a real-world product or service in crypto as it could be.
ABBC is an organisation that is attempting to change that. As the platform’s whitepaper says:
Every platform based on blockchain technology – especially a platform dedicated to allowing people to pay with crypto – needs to have its own native token, and ABBC has the abbc coin, also known by its ticker handle of ABBC. People who hold the crypto are able to vote on changes to the ABBC system, and can also delegate their voting power. The crypto can also be bought, sold and traded on exchanges.
ABBC was set up in 2017 by tech developer Jason Daniel Paul Philip and Hassan Abbas, with the technology behind the abbc coin coming as a fork of bitcoin (BTC).
Since 2019, though, abbc coin has operated on the EOSIO blockchain. Technically, this means that ABBC is really a token rather than a coin, but since the crypto is called abbc coin that is what we will call it.
At the time of writing on 6 January 2023, Philip still served as ABBC’s CEO, supported by chief strategic officer Arben Kane, chief technology officer Zeeshan Javeed and chief marketing officer Suresh Kannan.
It is worth noting that abbc coin was originally known as the Alibabacoin, but changed its name after legal action by Chinese online retailer Alibaba.
Abbc coin price history
Now let’s take a look at the ABBC price history. While past performance should never be taken as an indicator of future results, knowing what a crypto has done previously may provide some helpful context when it comes to either interpreting an abbc coin price prediction or making one of our own.
When ABBC first came onto the open market in 2018, it opened on 12 October at $0.3669. Shortly after its release, though, its price bloomed and, on 25 October, it reached its all-time high of $2.05. The price then shot down and, on 6 December 2018, it sank to an all-time low of $0.02939.
Both 2019 and 2020 were years of peaks and troughs but, barring a spike to a little under $0.50 in March 2019, the price mostly fluctuated between $0.10 and $0.30 until the middle of October 2020, when it broke over $0.60 before falling back down again.
When the overall crypto market blossomed in early 2021 – boosted, at least in part, by US Covid-19 stimulus cheques being invested in cryptocurrency – ABBC did not reach the heights that many other coins and tokens enjoyed at the time. But in late April it started to shoot up, reaching highs of around $0.80 in early May. After that, though, the market fell down and ABBC slumped with it.
There was something of a recovery in November as the news that BTC had reached new heights helped spur the market and, on 21 November 2021 abbc coin traded at a periodic high of $0.3242. After that, though, concerns about the Omicron variant of Covid-19 caused the market to contract and ABBC closed the year at $0.1479.
While 2021 was, on the whole, a good year for crypto, 2022 was much less so for blockchain-based finance. While the market went down overall, things were a bit different for ABBC.
In January, for instance, the abbc coin price shot up to a daily high $0.2098 on 16 January, but then it fell down, with a nadir coming on 11 March when it sank to a low of $0.1006. There was a return to better figures after that and ABBC picked up steam to close 22 March 2022 at $0.1685.
But it was downhill after that and by the end of April 2022, ABBC was below 10 cents for the first time since the middle of 2020.
If investors thought their luck might turn, they were soon to be proven wrong, though, as the depegging of what was the UST stablecoin (now USTC) and the collapse of its associated LUNA cryptocurrency (now LUNC) saw the market plunge, with ABBC falling below 10 cents to a daily low of $0.06973 on 11 May.
There was some recovery after that, with ABBC trading at a high of $0.0923 on 2 June, but then the news that withdrawals had been cancelled on the crypto lending platform Celsius Network confirmed the bear market, which led to a long price drop for ABBC, bottoming out at $0.04864 on 3 August 2022.
After that, there was a slow recovery that became a fast one when the coin shot up from a low of $0.05115 on 12 August to a high of $0.2873 on 17 August. After that though things went downwards, exacerbated by November's collapse of the FTX (FTT) exchange, and it closed the year at $0.08665. While this represented an annual loss of more than 40%, the crypto market as a whole lost more than 60% throughout 2022, making ABBC one of the better performing coins and tokens.
Since then, there has been something of a recover7 and, on 6 January 2023, it was worth about $0.0905.
At that time there were a little over one billion ABBC in circulation out of a total supply of 1.5 billion. This gave it a market cap of about $95m, making it the 171st-largest crypto by that metric.
Abbc coin price prediction round-up
With that all out of the way, let’s take a look at some of the abbc coin price predictions that were being made as of 6 January 2023. It is important to note here that price forecasts, especially when it comes to something as potentially volatile as a cryptocurrency, are often wrong. Also, we need to remind you that long-term crypto price predictions are often made using an algorithm, which means they can change at any time.
First, CoinCodex had a rather gloomy short-term abbc coin price prediction for 2023, saying it could fall to $0.084119 by 11 January and continue its decline to $0.054865 by 6 February. The site’s technical analysis was, appropriately, bearish, with 26 indicators making negative signals against just seven making positive ones.
Meanwhile, CryptoPredictions made an ABBC price prediction which saw the crypto sink to $0.06519 by the end of 2023. The site then made an abbc coin price prediction for 2025 that saw it start the year at $0.06768 and close it at $0.08228.
Next, AMBCrypto made an ABBC crypto price prediction that said the coin could reach $0.18 this year, before potentially moving to $0.31 by 2025. The site thought the coin could close the decade at $0.86 before it made an abbc coin price prediction for 2030 of $1.11. The site said ABBC could climb further in 2031, to stand at a potential $1.44.
Finally, Wallet Investor’s abbc coin price forecast said that the crypto could be in for a tough time over the next 12 months, and it could fal to $0.03057 by January 2024.
When considering an abbc coin price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.
If you are considering investing in cryptocurrency coins and tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision.
Keep in mind that past performance is no guarantee of future returns, and never trade with money that you cannot afford to lose.
FAQs
Is abbc coin a good investment?
It is hard to say. A lot will depend on how the market performs as a whole.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the abbc coin is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.
Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose.
Will abbc coin go up?
It is hard to tell. While some price forecasts, such as the one from AMBCrypto, were optimistic at the time of writing, there were opposing bearish forecasts, such as the one from Wallet Investor. Price predictions can often be wrong and prices can go down just as easily as they can go up.
In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether ABBC is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors.
Keep in mind that past performance is no guarantee of future returns, and never invest money that you cannot afford to lose.
Should I invest in abbc coin?
This is a question that you will have to answer for yourself. Before you decide whether or not to invest in ABBC, you will need to do your own research, both on ABBC and on other cryptocurrencies.
Never invest more money than you can afford to lose, because prices can go down as well as up.
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