ACT Token: The Resilience of a Defi 'Dead' Project
The ACT token, priced at $0.0243, is the native token of the Achain public blockchain, an older platform focused on multi-chain interoperability. Despite being labeled a "dead project" by some analysts due to low developer activity, it has shown remarkable resilience.
Market Dynamics and Recent Surge
ACT has recently surged by over20% and achieved a record monthly gain, likely driven by technical momentum. However, it remains down over 99% from its all-time high, a classic hallmark of a high-risk "zombie coin." Its price appears heavily influenced by traders capitalizing on its thin order books rather than organic development.
Key Factors and Outlook
· Catalyst: Token burn proposals aim to make ACT deflationary, reducing supply.
· Risk: As a "dead coin," ACT is extremely susceptible to pumps and dumps, posing a high risk for investors. Major sell-offs by large holders (whales) are frequent.
· Outlook: The 1-month price prediction is $0.0162, indicating a potential 33% drop. Long-term survival hinges on attracting new developers, a challenging feat in a competitive Layer-1 market.
