There’s Still Hope for ATOR Holders Following a Major Setback, but Top Analyst Suggests Investing in These Altcoins Instead
The privacy-focused cryptocurrency ATOR (ATOR) has suffered a big blow following bans of over 1,000 of its relays from the Tor anonymity network. ATOR aims to support and empower Tor, which has over 2 million users, by using a crypto token-based incentive model.
However, the Tor Project has rejected this approach and blocked a large number of ATOR’s relays in recent weeks.
According to prominent crypto analyst CryptoReviewing, this essentially eliminates the utility of the ATOR token. The protocol will now have to start building its own decentralized network from scratch if it wants to survive. The ATOR team has announced plans to launch an independent platform in January, but the future remains uncertain.
“I believe with the incredible community and team that ATOR have developed, it’s very possible this project will see a resurgence at some time,” said CryptoReviewing. “However, due to the utility of the token being gone, I believe there are currently better opportunities elsewhere.”
He recommended looking into other promising privacy-focused projects such as QUBIC, ZEPH, and GNC instead of holding the now compromised ATOR token.
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This is a major setback for a project that saw tremendous growth over the past few months, reaching 2,000 relays at its peak. However, CryptoReviewing and many ATOR holders remain hopeful that the motivated team can rebuild and regain momentum in the coming year. For now, though, the project faces significant uncertainty.
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