Abyss token (ABYSS) prediction: Is Abyss a Good Investment Option?

The Abyss platform is pretty much a blockchain ecosystem providing financial solutions in different sectors, including gaming. It remains unknown whether the Abyss token is also related to the portal stories: Mel, a popular puzzle-platform game. Notwithstanding, the Abyss ecosystem and has been gaining massive support lately, and there are chances that its token might make a good investment in the coming years – not financial advice.

About the Abyss platform

According to the official webpage, Abyss is a blockchain platform focused on providing both decentralized and centralized financial solutions for different projects in multiple industries. At the moment, Abyss supports three services, which include:

Gaming 

The Abyss runs an online video gaming platform that supports a revenue-sharing system for both gamers and developers. Any income made from the sale of games and services is reportedly shared among the developers and gamers, like rewards for various activities available on the platform. 

NFT Marketplace

The platform also supports the non-fungible token (NFT) Marketplace with an advanced referral system and support of the most popular blockchains. The idea behind the launch of the NFT marketplace is to enable gamers a platform for trading and to exchange in-game items.

DAICO

Interestingly, the Abyss platform also supports Distributed Automated ICO or DAICO. This innovative fundraising model on the platform is based on the Ethereum Smart Contract. DAICO upgrades the initial idea of ICO (i.e., Initial Coin Offering), bringing decentralization to the fundraising model.

The Abyss Token Price Prediction: What you Must Know

First of all, it’s worth noting that the Abyss token is an Ethereum-based cryptocurrency, precisely an ERC-20 standard token. The price-performance of the cryptocurrency is more likely tied to the activities on the Abyss platform, given that Abyss token powers both the decentralized and centralized finance services available on the platform. Hence, more traction on the platform may reflect positively on the market value of ABYSS.

Before the Abyss token price prediction, it’s worth noting that the cryptocurrency is currently the #613 largest cryptocurrency on Coinmarketcap. It was trading at $0.08957 at the time of writing, with a market capitalization of $20,189,436, out of the circulating supply of 228,664,903 ABYSS.

Predictions for Abyss Token 2021

Following the analysis made by CoinCheckup, the Abyss token should be worth between $0.1 and $1.66 in the near future when compared to the total amount of M2 money worldwide. 

Do note that predictions are no guarantees for the future. Do your own research before investing in the ABYSS coin.

Meanwhile, the technical analysis for the ABYSS token by TradingView shows that market sentiments are currently neutral for the token. It’s neither in the buying phase nor the selling phase. 

Where to Buy Abyss Token

If you think the token is worth holding, you can buy some from the following cryptocurrency exchanges:

• Bittrex
• HitBTC
• BitForex
• SistemKoin
• Uniswap

According to the webpage, the currently supported Abyss token wallets include MetaMask, Ledger, and Trezor.