Is ARPA Chain a Good Investment?

The ARPA token is one of the lesser-known digital assets in the cryptocurrency market. As of June 2022, it ranks 415 based on market cap but could offer an exciting option if you want to diversify your crypto portfolio. Its low price makes it an easy crypto to invest in without worrying about the high risks of loss. The low exposure to risk could make ARPA Chain an especially interesting crypto to invest in among new investors dipping their toes into the world of cryptocurrencies. The ARPA price and market cap could take off amid enterprises’ rising adoption of ARPA Chain’s technology. The ARPA Chain network offers a scalable and highly secure way to leverage the power of blockchain technology for real-world enterprise applications while being scalable and flexible. ARPA Chain could be a crypto worth watching with several versatile use cases in the mainstream sectors. An uptick in ARPA Chain price could be fuelled by more businesses and developers building dApps on ARPA Chain’s infrastructure, bringing in more users and driving up its on-chain activity. In addition, a bullish mood in the crypto market can usher in more investors looking to grow their capital through digital assets. The onset of more investors into the market and high investor confidence can increase interest in cryptos beyond the leaders in the market cap rankings, which could potentially support ARPA price statistics and trading volume in the future.

History of ARPA Chain

The business case and idea for ARPA Chain originated in the first quarter of 2018, followed by the initial formation and funding of the team to start work on the project in the next quarter. The whitepaper for ARPA Chain was released in Q3 2018. The MPC proof of concept (PoC) demo and MPC network’s launch took place more than a year later, in Q4 of 2018. The ASTRAEA testnet of the ARPA Chain went live in Q1 2019, followed by the finance use case of minimum-viable product in Q2 of the year. The mainnet release of ARPA Chain happened in Q4 2019. 2020 saw its team of developers work on upgrading the network’s security and performance features, releasing the PoC for precision marketing, launching a partnership program with enterprises, and monetizing the idea of securely sharing personal data. An essential upgrade in Q2 2021 saw the team of developers roll out a token burn mechanism for ARPA earned as revenue from enterprise contracts. More technical upgrades to the ARPA ecosystem followed through the year, including the release of Randcast architecture’s design and deployment through early 2022.

Will ARPA Chain Reach $1?

While it is impossible to make an accurate ARPA price prediction, the fundamental analysis offers some hope that the ARPA price can reach and cross the critical $1 level in the future. The value of ARPA Chain’s token can climb higher amid the rising adoption of its infrastructure, especially among enterprises. The ARPA Chain price had touched an all-time high (ATH) of over $0.27 in November 2021, powered by the bullish mood among crypto investors. A similar bull run in the future could take the price of ARPA Chain back up towards its ATH and even higher, towards $1. In addition to the rising adoption of its technology and a bullish crypto market, the ARPA price could also make it to the $1 mark due to its token burn mechanism. The ARPA Chain team burns ARPA tokens every quarter to reduce its circulating supply. Such a move can put deflationary pressure on the crypto and support the ARPA Chain price.

What is the Max Supply of ARPA Chain Crypto?

According to Coinmarketcap data, the max supply of the ARPA tokens is set at 2 billion. However, the token-burning processes have brought down the total supply of ARPA crypto to 1.5 billion as of June 2022. The ARPA circulating supply stands at just over 1.2 billion in June 2022. These numbers are subject to change as more tokens are distributed and burned within the ARPA Chain ecosystem over time.

How to Buy ARPA Token (ARPA)

Price of ARPA Token (24h)$0.0458257856282222

-3.34%

Real-Time ARPA Rate Converter

Interested in buying ARPA Token (ARPA) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy ARPA Token (ARPA) instantly wherever you are! Check out all the ways you can buy ARPA on KuCoin.

Buy ARPA Token (ARPA) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy ARPA Token (ARPA)

Use a variety of payment options to buy ARPA Token on KuCoin. We'll show you how.

Choose How You Want to Buy ARPA Token on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying ARPA Token (ARPA).

Buy ARPA Token (ARPA) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy ARPA Token (ARPA). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired ARPA Token (ARPA) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for ARPA Token (ARPA).

Tip: KuCoin offers a variety of order types to buy ARPA Token (ARPA) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available ARPA Token (ARPA) in your Trading Account.

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How to Store ARPA Token (ARPA)

The best way to store ARPA Token (ARPA) varies based on your needs and preferences. Review the pros and cons to find the best method of storing ARPA Token (ARPA).

Store ARPA Token in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your ARPA Token in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your ARPA Token (ARPA) to a non-custodial wallet. Storing ARPA Token (ARPA) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your ARPA Token (ARPA) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your ARPA Token (ARPA).

What Can You Do with ARPA Token (ARPA) on KuCoin?

Hold

Store your ARPA Token (ARPA) in your KuCoin account.

Trade

Trade ARPA Token (ARPA) in the spot and futures markets.

Earn

Earn passive income by staking or lending ARPA Token (ARPA).

Why Is KuCoin the Best Platform to Buy ARPA Token (ARPA)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy ARPA Token and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying ARPA Token (ARPA) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain ARPA in an instant when you buy on KuCoin.

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FAQ

Is Wen (WEN) a Good Investment?

One of the biggest benefits of adding WEN coin to your crypto portfolio is its potential for high returns, given its nature as a memecoin, which can sometimes experience rapid value increases. Its role in decentralized governance through WEN DAO could offer a sense of participation in a community-driven project. Additionally, the cultural aspect of owning a fractional part of a unique NFT (in this case, a poem) adds a unique flavor to this investment.

What Is Wen Crypto Price Prediction?

Due to the highly volatile nature of the crypto market and memecoins in particular, it is challenging to offer a reliable WEN price prediction over any duration. However, the following factors could help you better understand the price movements in the Wen meme token:

1. Crypto Market Sentiment: General sentiment in the crypto market can significantly impact the WEN price.

2. Meme Popularity: As a memecoin, the WEN coin price can be heavily influenced by trends and popularity in internet culture.

3. Adoption and Use Cases of WEN Coin: The extent to which WEN is adopted for its intended purposes, including governance and rewards within its ecosystem, also influences the price of WEN memecoin.

4. Level of Speculative Trading: Short-term trading strategies and speculation can lead to price volatility.

5. Future Developments in the Wen Roadmap: Changes or updates in the Solana blockchain or related projects can affect the WEN to USD price.

6. WEN Airdrop and Distribution Events: Specific events like token airdrops can cause temporary price fluctuations.

How to Claim WEN Airdrop

The eligibility window for claiming $WEN airdrop ran from September 2023 to January 29, 2024. To claim the airdrop, users needed to meet at least one of the following criteria:

> Jupiter Exchange users: Traded over $5 volume before January 19, 2024, had DCA/LO/Perps orders filled using Jupiter.

> Ovols NFT holders: Possessed at least one Ovols NFT.

> Bluechip NFT holders: Owned at least one NFT from a list of pre-defined "bluechip" projects.

> Genesis Saga Holders: Held Gen 1 or Gen 2 Genesis Saga NFTs.

You can claim your Wen airdrops on the Jupiter DEX if you are eligible by connecting your crypto wallet.

ARPA Token (ARPA) Price Analysis

Live Price

The live price of ARPA is 0.045331 USD, representing an increase of 13.48% in the past 7 days and -3.34% decrease in the past 24 hours.

Historical Trends

The all-time high of ARPA was 0.27516 USD on 11-03, 2021, from which the coin is now down -83.53%.
The all-time low of ARPA was 0.003486 USD, from which the coin is now up 92.31%.

ATL0.00348694370424

ATH$ 0.27516

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Disclaimer

Given the nature of the crypto market, the price of ARPA Token (ARPA) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.