ANT coin price prediction: Will ANT go up?
ANT, or Aragon coin, is the coin that aims to help redefine how people relate to DAOs
- ANT’s role in the Aragon Network
- From the ANT whitepaper
- ANT coin price history
- Aragon (ANT) price prediction
You might know it as Aragon coin, or you might know it as ANT coin. Either way, there is a good chance you will have heard about the cryptocurrency that is helping people make their DAO dreams come true. That is DAO ‘decentralised autonomous organisation’, and we will get on to those shortly. If you have never heard of ANT, we are here to enlighten you.
First, a word of warning: the ANT we are talking about here is the cryptocurrency linked to the Aragon Network. This is not to be confused with Ant Network, which is based around a crypto mining phone app which, its creators claim, will allow users to help create a privacy-based social network. Suffice to say, we advise you to be extra careful if you want to invest in ANT coin. Make sure you have the ANT coin that is associated with Aragon, not the Ant Network.
Before we look at the ANT coin itself, let’s have a quick look at the Aragon Network.
ANT’s role in the Aragon Network
The Aragon Network is a software program that is used to create and maintain decentralised autonomous organisations (DAOs) on the Ethereum blockchain.
DAOs are programs with a built-in ability to help people manage their code. The original DAO was effectively closed in 2016, after hackers managed to exploit security weaknesses. This, in turn, led to the Ethereum hard fork, which created the ethereum classic (ETC) cryptocurrency. However, the principle behind the original DAO lives on, and organisations such as Aragon, MakerDAO, MolochDAO and MetaCartel are helping to establish DAOs as a valid concept once more.
Aragon has a system called the Aragon Court, which allows users to resolve disputes that cannot be settled by smart contracts.
ANT coin itself is used to compensate people who serve in the Aragon Court who, in turn, swap their ANT coin for another token, called ANJ, in order to take part in the court’s decision-making process. ANT can also be used to allow holders to take part in governance decisions affecting the Aragon network itself.
From the ANT whitepaper
According to the whitepaper: “The Aragon Network is a token-governed digital jurisdiction that focuses on creating the best conditions for true global indiscriminatory economic growth. Essentially, the Aragon Network is an ecosystem where organisations, entrepreneurs, and investors can efficiently and securely transact without risk of technical bugs or malicious parties.”
The document goes on to say: “Aragon implements basic features of an organisation like a cap table, token transfers, voting, role assignments, fundraising and accounting. The behaviour of an Aragon organisation is easily customised by changing the bylaws. In addition, Aragon organisations are extensible through third-party modules that interact with the organisations’ contracts.”
With the methods outlined in the document, the Aragon Network can implement future bug fixes and enhancements, as well as minimise the impact of critical vulnerabilities, “thanks to the bug bounty program, the global safe stop and the Aragon Network Juror (ANJ) actions”.
ANT coin price history
While past performance should never be taken as an indicator of future results, it is still useful to take a look at what has happened so far and how the ANT coin has behaved in the past.
When ANT coin launched in 2017, like a lot of new cryptocurrencies, it behaved in a very volatile way. On 20 May that year, it opened at $1.33 but in just five days it more than doubled, hitting an intraday high of $2.68. However, it soon came back down to earth. On 27 May 2017, the ANT coin price dropped to an intraday low of $1.44.
It looked like anyone who wanted to make an ANT coin price prediction was going to have their work cut out, especially when it peaked at $4.36 on 12 June 2017. However, the highs were comparatively short-lived: ANT slid back down to below $2 on 10 July 2017 and traded around that point for the rest of the year.
The cryptocurrency market boomed in early 2018, and Aragon was part of that boom. The ANT coin hit an intraday high of $7.76 on 7 January that year, and the following day’s high was just one cent lower before it dipped to $5.73, representing a fall of more than 26% during the course of 8 January.
The next few months saw a series of peaks and troughs but the trend was ever downwards, and when the coin dropped to less than $2 on 7 July 2018, it stayed there. However, if investors thought the worst was over, they were wrong. The warning signs started flashing on 14 August 2018 when ANT hit an intraday low of $0.9132 and, while there was some recovery to back over the $1 mark, it slipped under again on 5 September 2018, seemingly for the long haul.
It was there that the ANT coin price pretty much stayed for the rest of 2018, reaching its all-time low of $0.2855 on 25 November, and the whole of 2019. There was some relief on 21 February 2020, when the coin price started hovering around the $1 mark for the first time in a long while. However, this was also short-lived and it fell to an intraday low of $0.513 on 12 March and stayed below $1 for the next two months.
Only on 12 May 2020 did the coin finally break past $1 on a sustainable basis – and there was growth to come. On 13 August 2020, it opened at $5.16 and more than doubled to $11.45, before dropping back to a close of $6.80.
The price then halved, and ANT spent most of the rest of the year trading at around $3. However, on 25 March 2021 it opened at $8.24, before shooting up to an intraday high of $13.56 and then closing at $10.14. After several fluctuations, ANT hit its all-time high of $14.79 on 6 April 2022. Then on 23 April, it fell back to an intraday low of $7.04 before recovering to an intraday high of $11.96 on 7 May.
However, storm clouds were on the horizon. The coin had already dropped to just below $7 on 19 May 2021 when the great crypto day crash occurred, and the ANT coin price fell to an intraday low of $3.25, less than half the high, before closing at $4.43.
The next month there were peaks and troughs, with an intraday low of just above $3 on 22 June 2021. It dipped again to $3.12 in July, but August saw the price begin to rise above $4, before a further spike in September moved the price to $7.26. Since then, the price has been volatile, falling to $4.10 on 28 September 2021. On 28 October, the ANT coin price was roughly $4.53, but it made a slight recovery on 26 November 2021 to $4.91.
December 2021 was a difficult month for cryptocurrencies, with Bitcoin falling rapidly well into the winter months. However, ANT was seemingly an exception to the rule and on 20 December 2021, the coin began to rally. A new high was recorded on 1 January 2022 at $14.12, but that price was not maintained. By the end of January, the coin was trading at a low of $6.25, having lost almost half of its value from its all-time high over the course of the month.
Early February 2022 saw more action, and the coin peaked at $8.71. However, a general downtrend can be observed again and while the coin peaked at $5.94 in early March, it closed April out at $3.19.
Throughout the second quarter of 2022, the crypto market was in freefall. ANT saw trading lows of $1.11 on 12 May following a market-wide crash, and a period of volatility ensued. The bears were still firmly in control through June and July, with the total value of the crypto market dipping below $1bn and said to be in a state of “extreme fear”, with a score of 18 on the index. As June came to a close, the token was trading at $1.53.
As of 4 August 2022 and at the time of writing, the crypto market has recovered slightly to “fear”, with a score of 30 on the index. The token is trading at roughly $1.95.
ANT/USD price history
|Aug 18, 2022||1.8742||0.0179||0.96%||1.8563||1.8852||1.8385|
|Aug 17, 2022||1.8553||-0.1287||-6.49%||1.9840||2.0479||1.8483|
|Aug 16, 2022||1.9850||0.0106||0.54%||1.9744||2.0238||1.9245|
|Aug 15, 2022||1.9744||0.0000||0.00%||1.9744||2.0335||1.9245|
|Aug 14, 2022||1.9744||-0.0783||-3.81%||2.0527||2.0926||1.9544|
|Aug 13, 2022||2.0626||-0.0795||-3.71%||2.1421||2.1816||2.0425|
|Aug 12, 2022||2.1419||0.0097||0.45%||2.1322||2.1523||2.0718|
|Aug 11, 2022||2.1322||-0.0786||-3.56%||2.2108||2.2213||2.1222|
|Aug 10, 2022||2.2106||0.1384||6.68%||2.0722||2.2798||2.0333|
|Aug 9, 2022||2.0822||0.0192||0.93%||2.0630||2.2506||2.0034|
|Aug 8, 2022||2.0632||0.0205||1.00%||2.0427||2.1123||2.0327|
|Aug 7, 2022||2.0427||0.0588||2.96%||1.9839||2.1027||1.9434|
|Aug 6, 2022||1.9839||-0.0102||-0.51%||1.9941||2.0429||1.9732|
|Aug 5, 2022||1.9941||0.0594||3.07%||1.9347||2.0327||1.9131|
|Aug 4, 2022||1.9347||0.0401||2.12%||1.8946||1.9815||1.8747|
|Aug 3, 2022||1.8946||-0.0485||-2.50%||1.9431||1.9852||1.8824|
|Aug 2, 2022||1.9411||-0.0522||-2.62%||1.9933||2.0361||1.8255|
|Aug 1, 2022||1.9933||0.0478||2.46%||1.9455||2.2119||1.9321|
|Jul 31, 2022||1.9465||-0.0175||-0.89%||1.9640||2.1094||1.9315|
|Jul 30, 2022||1.9640||-0.0234||-1.18%||1.9874||2.0964||1.9495|
Aragon (ANT) price prediction
What of the future? Let’s take a look at what some analysts are putting as their ANT coin price prediction for 2022 and beyond.
WalletInvestor has a bearish ANT coin price prediction. The site says the coin should descend to $1.10 in one year’s time and not make any sustainable recovery.
DigitalCoinPrice is bullish. The site’s ANT coin price prediction for 2022 sees the coin reach $2.65 in September, representing an upswing of over 35%. The site suggests the coin could be worth up to $3.14 in one year’s time and makes an ANT coin price prediction for 2025 of an average of $3.82. The site also forecasts a general year-on-year uptrend and makes an ANT coin price prediction for 2030 of $9.01.
Finally, Gov Capital says ANT should break the $10 mark in December 2023 and the $20 mark in August 2025. The site has the most bullish projection, with an estimated value of $6.64 in one year and $33.78 in five years’ time.
It might be but, on the other hand, it might not. The answer to this question depends largely on whether or not you think that ANT – and by extension, the crypto market as a whole – can recover from recent crashes and, if so, how soon.
Regardless, you should always do your own research, and remember that cryptocurrencies are often very volatile – prices can go down as well as up. Never invest more than you can afford to lose.
Again, it might. Although the Aragon coin predictions we have seen are optimistic, it is worth noting that predictions can often be wrong. For instance, few if any analysts would have predicted the recent market crashes. So be careful.
If you want to buy ANT, then you can do so at a range of exchanges. Just remember to do your research and never invest more money than you can afford to lose.