ARK is an anonymous, decentralized crypto-project that combines the features of Lisk and Bitshares. It aims to simplify financial transactions by reducing the costs of transactions and making the entire process easier to use. Aside from offering a wide variety of features, Ark is designed to help users to conduct safe and secure financial operations. This is because Ark is built on a Delegated Proof of Stake (DPoS) consensus system. The DPoS system gives ARK coins advanced scalability and makes it possible to use the coin for a wide range of transactions.
In early November, the ARK ICO raised $94,259,300 USD, and on December 11, 2016, the ARK token was released for sale. This has been followed by a 5.06% increase in the last seven days. There are many factors that can influence the price of ARK, including its market cap, legal position, and technological and economic developments. However, investors should keep in mind that these factors do not have to be the sole factors in their decision to invest.
Among the most common factors that can affect the ARK cryptocurrency price are the influx of new investors, government regulations, and real-world events. In addition, ARK has been affected by the COVID-19 pandemic, which impacted economies around the world. While the global economy was weakened, some people turned to crypto to purchase products and services.
In addition to these factors, there are also various technical and fundamental indicators that traders can use to determine the trend of the ARK price. These include moving averages, which provide an average closing price of ARK over a selected period of time. Other indicators that can be used to predict the ARK price are RSI and Fibonacci retracement levels.
Among the most popular tools for predicting the ARK price is the 50-day moving average. For example, if the ARK price is above its 50-day moving average, the trend is considered to be bullish. If it is below, it means that the price is weakening.
Another important indicator that is often used by ARK traders is the candlestick chart. There are four different types of candlestick charts – the four-hour, one-day, one-hour, and five-minute. Many traders prefer the candlestick chart as it gives more information than the line chart.
Despite the volatility of the ARK market, there are some factors that have been able to predict the price. These factors include technological and economic developments, the crypto ecosystem, the legal status of ARK, and announcements. Several of these indicators have been able to predict the ARK price in the past, as well as a potential ATH for ARK in the future.
During the recent rise of ARK, the crypto coin has seen its highest value at $3.98. However, the price has since declined in the past month. Fortunately, the decline has not yet had any long-term effects on the coin’s value. Nevertheless, ARK is expected to reach its maximum price in the next decade.
