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- 1 The ABEL crypto is about to take a big hit, as it runs into a resistance level.
- 2 Abelian crypto (ABEL) demonstrated poor performance in the past one month.
Abelian is a blockchain platform that has quantum resistance and privacy protection. Quantum resistance means that Abelian’s encryption systems can withstand attacks from the future powerful quantum computers.
Privacy protection refers to Abelian’s privacy Abelian Crypto coin, which can be used with complete privacy, privacy with accountability, or privacy in the pseudonymous level.
This is the first blockchain platform that has both quantum resistance and privacy protection. Moreover, the security and privacy guarantees of Abelian are both mathematically secure.
This is also the first blockchain platform that has provable security and privacy that are both mathematically based on well-known quantum-resistant hard problems.
Abelian crypto lattice-based quantum-resistant encryption systems are based on CRYSTALS-Dilithium and Kyber, both have been selected by the US National Institute of Standards and Technology (NIST) as in the first group of quantum-resistant encryption (PQcrypto) national standards.
This signifies the widespread adoption of these PQcrypto primitives by the federal agencies and the rest of the world for replacing existing elliptic curve encryption systems.
Abelian uses linkable ring signatures in the context of quantum-resistant security. Unlike Monero, Abelian has multiple levels of privacy ranging from pseudonymity to full privacy.
Pseudonymity provides a similar anonymity guarantee to that by Bitcoin. Full privacy hides sender and receiver wallet addresses, and also the transaction amount.
Between pseudonymity and full privacy, Abelian also supports accountability, which allows a user to share a trapdoor information with a third party in such a way that full privacy is still maintained against the public while it becomes pseudonymous to this third party.
Abelian is also an ecosystem that besides the Layer 1 POW quantum-resistant blockchain network, Abelian aims at supporting other blockchain systems including major EVM-equivalent blockchains to be quantum-safe.
By using Abelian’s lattice-based zero-knowledge proof systems, Abelian is able to protect digital assets residing on other non-quantum-safe blockchains against quantum attacks.
Abelian Crypto Chart (Daily Time Frame)
The Abelian crypto (ABEL) was bearish over the past one month, declining in a parallel channel.The ABEL crypto is experiencing a decline of 6.24% in the last 24 hours, trading at $0.9105.
Now, it seems like the ABEL crypto is about to take a big hit, as it runs into the resistance level and tumbles to new lows from the current support zone.However, if the demand for the ABEL Token remains high, the asset price could bounce back from the current level. The next goal for the ABEL price is to reach $1.20.
However, if the ABEL crypto price fails to stay above the $0.8000 level, it could decline further.
Summary
ABEL showed bearishness and poor performance in the past one month as the price declined in a parallel channel. Therefore, if the ABEL crypto price fails to stay above the $0.8000 level, it could decline further.
Technical Levels
Support Levels: $0.8000
Resistance Levels: $1.20
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
