As crypto investors anticipated a general market recovery at the end of November, Bitcoin (BTC) continues to show no response. While the king cryptocurrency trades below $37,000, altcoins are losing significant support levels and moving away from resistance points. However, ATLAS Coin’s price has seen an increase of about 30 percent today.
With the recovery in the price of Solana, mummified projects in the ecosystem suddenly sprung into action. One of these was the Star Atlas project. When hopes were faded, the team found community support again and revived Star Atlas. Today, we see that the price of ATLAS Coin has rapidly recovered due to game updates and increasing demand.
This rise was fundamentally fueled by the game’s NFT market surpassing the $176,000 level after a long time. $176,000 is quite an impressive figure, especially considering the volumeless NFT market and the near-zero prices.
Along with the recovery in Solana’s price, the transaction volume in the NFT market has also significantly increased. This graph supports the “comeback” narrative discussed in the first section.
First and foremost, investment decisions related to cryptocurrencies should be made by individuals who can afford a potential loss. Star Atlas, which started with great enthusiasm in its early days and almost reached the point of extinction after the FTX collapse, could be promising in the medium and long term if it can survive in a Solana ecosystem where the froth has been skimmed and weak players have been weeded out, and if it can provide an enjoyable space for players.
The game is similar to a space game like Darkorbit, where you have ships and can generate income by what’s called “farming” in the game’s jargon. Additionally, events are organized to encourage players to spend more time on the platform. While many p2e (play-to-earn) platforms are seeing an increase in user numbers, Star Atlas has risen to a good position.