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Star Atlas (ATLAS) price prediction: Off to the galaxy

By  Yoke Wong

Edited by Jekaterina Drozdovica

13:38, 31 December 2021

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Star Atlas (ATLAS) price prediction: Off to the galaxy – Photo: Shutterstock

Multiplayer space exploration metaverse gaming platform Star Atlas’ in-game currency fell to a two-month low over the past week following its latest Galactic Asset Offering (GAO).

What factors are shaping the galactic game coin, and what’s the latest StarAtlas crypto price prediction?  

STAR ATLAS COIN PRICE FORECAST

Star Atlas token price fell to $0.1037 on 21 December, down by over 10% from the late December high of $0.1195. The crypto has been volatile since the token launched in September this year at the price of $0.0681, spiking to a high at $0.2569 on 5 September.

Prices have been falling for most of the fourth quarter this year. The Star Atlas crypto value is down 59% from 5 September’s peak. Nonetheless, Star Atlas coin is still 53% above its initial trading price.

Star Atlas to USD chart, 2021

While Star Atlas’ intergalactic gaming metaverse has yet to be launched, rising investor enthusiasm about metaverse projects and the play-to-earn gaming business model are driving interest in the platform. 

“For what it’s worth, Star Atlas will be the first AAA game that demonstrates how non-fungible tokens (NFT) and digital asset ownership can be used to fund a game’s development and operations,” said digital entertainment consultancy Naavik.

“Star Atlas is immensely promising, but with promise comes risk. In its best form, Star Atlas can teach game designers how to use true digital scarcity to heighten the experience for gamers by providing a play-and-earn metaverse.”

What is Star Atlas?

Star Atlas is a multi-player immersive virtual game that allows players to participate in a futuristic intergalactic metaverse.

To participate in the Star Atlas crypto game, players must purchase in-game digital assets. They can trade within the virtual marketplace using ATLAS, the Star Atlas payment token.

According to the project’s whitepaper, the token “is inflationary, aiming to match the growth of the in-game economy and provide a solid monetary base for in-game economic interactions and on-ramps to enter the game.”

“Players stake assets with real-world value to grow their in-game corporate empires, discover unique and distant alien worlds, battle in high stakes combat, and shape the game’s features and future with earned political influence.”

Star Atlas plans to develop a 24/7 virtual economy in the metaverse, where players can trade in real-time and engage in battle. The currency can only be earned through in-game activity or sales by other players and operating expenses in the game will be paid with Atlas.

“A fraction of the game currency will be available through various stages of the Galactic Asset Offering (GAO), leading up to the full launch of the title,” the whitepaper said.

One fifth (20%) of ATLAS supply is held by stakeholders, 10% is owned by friends, family, and seed funders and 10% of the supply will be sold equally at the GAO phase 1 and 2.

ATLAS has a supply cap of 36bn coins and a circulating supply of 2.16bn coins, according to the CoinMarketCap data of 31 December. The Star Atlas market cap currently (31 December) stands at $223.486m.

In addition to its play-to-earn mechanism, Star Atlas aimed to build an immersive three-dimensional galactic blockchain game with high-quality graphics. 

“The game's real-time graphics are powered by Unreal Engine 5's Nanite, which allows textural detail to be custom designed down to the pixel,” the company said in a press release.

“This will provide Star Atlas with an almost lifelike feel and introduce a level of gameplay fluidity not shared by other blockchain-based titles at present.”

The game is being built on the Solana blockchain, a decentralised network that provides a platform and tools for the transactions on Star Atlas.

XRP/USD

0.60 Price
+0.150% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

BTC/USD

65,921.70 Price
+0.030% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

DOGE/USD

0.13 Price
+0.490% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872

SOL/USD

174.67 Price
-0.100% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.2652

Latest Star Atlas news

While Star Atlas has yet to launch its intergalactic gaming metaverse, the company has been raising funds through its GAO, selling in-game virtual assets such as spaceships, equipment, components, which could be collectibles or used in the game.

On 22 December, the gaming metaverse platform announced that it had completed a $3m non-fungible token sale to Animoca Brands, a group specialised in blockchain games and digital.

“All revenue from asset sales during the GAO will be used to further the development of the Star Atlas metaverse. In-game assets purchased can be utilized immediately in the browser-based minigame, SCORE, that launched on December 16,” the company said.

According to Naavik, Star Atlas has raised an estimated $20.9m from its first NFT sale.

Star Atlas will continue to offer more in-game assets through NFT sales in the coming months.

While the metaverse has not launched, the “in-game assets purchased can be utilized immediately in the browser-based minigame, SCORE, that launched on December 16.”

Risks of an early-stage project

The buying and selling of assets in Star Atlas could lead to speculation and this “could be a worrying sign if players are more interested in flipping ships than piloting them”, according to Naavik.

“Furthermore, it could turn off traditional gamers to be confronted with payments and trading even before their entry into the game.”

Despite publishing its official roadmap and the status of projects, there is no official Star Atlas release date.

According to cryptocurrency research and data site IsThisCoinScam, the Star Atlas project has a below average safety score of 4.18, as of 31 December.

According to the site, Star Atlas scored highly at 7.58/10 on sentiment but zero on development. The score is based on the site’s research on social media platforms such as Reddit, Twitter.

ATLAS coin is likely to be speculative as the project was launched in January 2021 and remained in an early stage, hence some aspects may not materialise or not reach wider adoption.

Star Atlas coin price prediction

Star Atlas coin price short-term sentiment appears to be bearish, according to CoinCodex’s Star Atlas price analysis as of 31 December, with 16 technical indicators showing bearish signals and only two bullish.

Algorithm-based forecast service provider Wallet Investor gave a positive StarAtlas price prediction, forecasting the average token price to reach $0.226 target in a year’s time.

PricePrediction had a more moderate ATLAS price prediction, seeing the price rising to $0.15-0.19 in 2022, $0.48-0.58 in 2025 and $2.7-3.36 in 2030.

TechNewsLeader’s long-term ATLAS/USD forecast was also bullish, seeing the token reaching $0.17 tagret price in 2022, $0.24 in 2023, $0.52 in 2025 and $3.15 in 2030.

Note that StarAtlas predictions can be wrong. Forecasts shouldn’t be used as a substitute for your own research. Always conduct your own due diligence before investing. And never invest or trade money you cannot afford to lose.

FAQs

Is Star Atlas coin a good investment?

Star Atlas is an early-stage cryptocurrency metaverse gaming project, its feasibility will depend on whether the company succeeds. Although Star Atlas plans to build an immersive three-dimensional galactic blockchain game with film-quality graphics, it has yet to deliver.

Whether it is a good investment or not depends on your investing goals and portfolio composition. Cryptocurrency is an extremely high-risk investment and capital will be at risk. ATLAS predictions shouuldn't be used as a substitue to your own research. Always conduct due diligence, and never invest what you cannot afford to lose.

How high can Star Atlas crypto go?

Algorithm-based prediction services TechNewsLeader and Price Prediction gave an upbeat ATLAS crypto price prediction, forecasting the token price to surpass $3 by 2030. However, forecasts can be wrong and shouldn’t be used as a substitute to your own research. Cryptocurrency is an extremely high-risk investment. Your capital will be at risk. You should do your own research. And never invest what you cannot afford to lose.

When will the Star Atlas game launch?

There is no official launch date.

How many Star Atlas coins are there?

According to CoinMarketCap, ATLAS has a supply cap of 36bn coins and a circulating supply of 2.16bn coins.

Read more: Voyager token price prediction: Where next for VGX?

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