Ark (ARK) Price 2020
The current price of Ark fluctuates around $0.153783; the total market capitalization is $18,082,444 or 2,088 BTC, which makes Ark one of the 150 most popular digital currencies as of January 2020. The circulating supply is 117,584,346 ARK, while the total supply is 146,898,608 ARK. The daily trading volume is around $705,811 or 81.48648021 BTC. Ark is trading on several major markets, yet the most active exchange that trades ARK is Binance.
The all-time high of Ark, $9.99, was reached on Jan 09, 2018 – during the most famous cryptocurrency bull-run of Winter 2017-2018. On the other hand, the all-time low of ARK, $0.030143, occurred way back on Mar 22, 2017. Currently, the estimated ROI (return on investment) of Ark is 925.22%, which means that $100 worth of ARK bought at the time of the Ark launch would yield about $955 of profit today.
The most recent price trend of Ark appears to be slightly positive. Even though in 24 hours, the price of ARK fell by -7.90%, the 7-day price dynamics show a 6.98% increase in the price of ARK. Nevertheless, the price predictions for Ark are usually quite pessimistic. According to WalletInvestor, Ark is a bad long-term investment. In one year from now, the price of ARK may be as low as $0.00931, which would mark a severe decrease compared to the current price. Moreover, it is worth noting that price manipulations of ARK are possible due to the relatively low market capitalization, so one should be extremely careful when investing in Ark.
What is Ark
ARK (ARK) is a cryptocurrency project that provides a suite of tools for the creation of an ecosystem of interoperable blockchains. ARK is the internal currency that serves to fuel the network. Running on the Delegated Proof-of-Stake (DPoS) consensus algorithm, the network is secured by delegates, who are appointed by the token holders through voting. The Ark network is also able to connect to external blockchains through the use of ‘SmartBridges’ and focuses on interoperability and user adoption.