ARK Information

ARK is a versatile cryptocurrency designed to facilitate blockchain interactions and enhance user experiences through its innovative technology. By offering a unique combination of features, ARK aims to make blockchain accessible to everyone, from developers to everyday users. Its focus on interoperability and user-friendly solutions positions ARK as a promising player in the evolving landscape of digital currencies.

ARK

$0.77

Title : ARK
Symbol : ark
Current Price $ : 0.774207 $
High 24h : 0.799005 $
Low 24h : 0.735389 $
Price Change 24h : 0.00619054 $
Price Change % 24h : 0.80604 %
Market Cap : 142188568
Whitepaper : https://arkscic.com/whitepaper.pdf
Website : https://ark.io/
Community : https://discord.gg/arkcoin
Total Volume : 124623975
Market Cap Change 24h : 650610
Market Cap Change % 24h : 0.45967 %
Return on Investment (ROI) : 7642.0726091654 %
Circulating Supply : 184175542
Total Supply : 185207064
Last Updated : 2024-12-05 23:59
All Time High (ATH) : 10.22
ATH Change % : -92.45558 %
ATH Date : 2018-01-10 00:00
All Time Low (ATL) : 0.0339403
ATL Change % : 2172.17613 %
ATL Date : 2017-03-22 00:00

more information

Introduction to ARK Cryptocurrency

ARK is a prominent player in the cryptocurrency landscape, aiming to create an ecosystem that facilitates easy interaction with different blockchains. Since its inception, ARK has garnered attention for its unique solutions to interoperability and user-friendliness, making it a noteworthy option for both developers and investors.

Historical Development of ARK

ARK was launched in March 2017, during a time of great enthusiasm in the cryptocurrency space. The project sought to address the challenges of blockchain interoperability, enabling users and developers to build and connect their own blockchains easily. Its approach, powered by a Delegated Proof of Stake (DPoS) consensus mechanism, allows for faster transactions and lower fees compared to some of the more traditional blockchains.

One of the standout moments for ARK was its all-time high (ATH) of $10.22 on January 10, 2018. Since then, the coin has faced significant volatility, seeing a drastic decline in its market value, which emphasizes the unpredictability of the cryptocurrency market. Currently, ARK's price hovers around $0.51, reflecting a remarkable ROI of over 5001%, demonstrating its potential for high returns despite the considerable downturn from its ATH.

Advantages of ARK

1. Interoperability: ARK's primary focus is on enabling different blockchains to interact. This is an essential feature considering the fragmentation in the blockchain ecosystem, where numerous protocols exist without seamless communication.

2. User-Friendly: The platform offers tools and services that make it easier for developers to create and deploy their own blockchain applications. The user-friendly interface lowers the barrier for entry into blockchain technology.

3. Decentralized Governance: ARK employs a DPoS consensus mechanism, which allows ARK token holders to vote on proposals, add delegates, and influence the direction of the project. This democratic approach can create a more engaged community.

Challenges and Drawbacks

1. Market Volatility: Like many other cryptocurrencies, ARK is subject to high volatility. Its significant price fluctuations can be a source of risk for investors.

2. Competition: The field of blockchain interoperability solutions is becoming increasingly competitive, with numerous projects vying for dominance. ARK needs to continue innovating to differentiate itself from rivals such as Cosmos and Polkadot.

3. Market Awareness: Despite its capabilities, ARK struggles with market recognition compared to larger projects. Increased marketing efforts could help raise awareness and adoption.

Future Outlook for ARK

The future prospects for ARK depend significantly on its ability to adapt to the rapidly evolving cryptocurrency landscape. The demand for interoperability solutions is likely to rise as blockchain technology matures; therefore, ARK is well-positioned to capitalize on this trend. Continued development and community engagement will be crucial for sustaining momentum.

Moreover, partnerships and integrations with other platforms could enhance ARK's relevance and utility in the broader ecosystem. The potential for renewed interest in this project may also correlate with broader cryptocurrency market trends, especially if a new bullish cycle emerges. Thus, while past performance indicates potential risks, ARK’s innovative features and solutions may offer promising opportunities moving forward.

Conclusion

ARK represents a compelling case study in the cryptocurrency domain, illustrating both the ups and downs inherent in this space. Its strong focus on interoperability, user-friendliness, and decentralized governance positions it uniquely among blockchain solutions. As ARK continues to evolve and address challenges, it may find its footing again in the competitive market, potentially unlocking new value for its community and investors alike.

General Information
from price $1
Title ARK
Symbol ark
Whitepaper https://arkscic.com/whitepaper.pdf
Website https://ark.io/
Community https://discord.gg/arkcoin
Last Updated 2024-12-05 23:59

Price Data
Current Price $ 0.774207 $
High 24h 0.799005 $
Low 24h 0.735389 $
Price Change 24h 0.00619054 $
Price Change % 24h 0.80604 %

Market Data
Market Cap 142188568
Total Volume 124623975
Market Cap Change 24h 650610
Market Cap Change % 24h 0.45967 %
Return on Investment (ROI) 7642.0726091654 %

Supply and Availability
Circulating Supply 184175542
Total Supply 185207064
Max Supply -

Historical Data
All Time High (ATH) 10.22
ATH Change % -92.45558 %
ATH Date 2018-01-10 00:00
All Time Low (ATL) 0.0339403
ATL Change % 2172.17613 %
ATL Date 2017-03-22 00:00