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
You might know it as Aragon coin or you might know it as ANT coin but, 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’s DAO for decentralised autonomous organisations, and we’ll get on to those shortly.) If you’ve never heard of ANT at all, we’re 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, the one associated with Aragon, not the Ant Network. We have, incidentally, contacted Ant Network for a comment but not received a response.
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 software 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 cryptocurrency. However, the principle behind the original DAO (although hopefully not its flaws) lives on, and organisations such as Aragon, MakerDAO, MolochDAO and MetaCartel are helping 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 on 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.
While past performance should never be taken as an indicator of future results, it is useful to take a look at what has happened and how the ANT coin has behaved in the past.
ANT coin price history
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 just five days it more than doubled, hittinh an intraday high of $2.68. However, it soon came back to earth. On 27 May, the ANT coin price dropped to an intraday low of $1.44. It looked like people who wanted to make an ANT coin price prediction were going to have their work cut out, especially when it peaked at $4.36 on 12 June. However, the highs were comparatively short-lived and ANT slid back down to below $2 on 10 July and traded around that point for the rest of the year.
The cryptocurrency market boomed in early 2018 and Aragon was part of the boom. The ANT coin hit an intraday high of $7.76 on 7 January and was just one cent lower on the following day’s high before it dipped to $5.73, representing a fall of more than 26% in 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, it stayed there. However, if investors thought the worst was over, they were wrong. The warning signs started flashing on 14 August 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, seemingly for the long haul.
It was there that the ANT coin price pretty much stayed for the rest of 2018, where it reached its all-time low of $0.2855 on 25 November, and the whole of 2019. There was 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 did the coin finally break past $1 on a sustainable basis – and there was growth to come. On 13 August, 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 this year it opened at $8.24, before shooting up to an intraday high of $13.56, closing at $10.14. After several fluctuations, ANT hit its all-time high of $14.79 on 6 April. Then on 23 April it fell back to an intraday low of $7.04 before recovering to $11.96 intraday high on 7 May. However, storm clouds were on the horizon. The coin had already dropped to just below $7 on 19 May when the great day crash happened 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. 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. On 28 October, the ANT coin price was trading at roughly $4.53, but made a slight recovery on 26 November to $4.91.
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 2021 and beyond.
WalletInvestor has a fairly straightforward and optimistic for the ANT coin price prediction. The site says the coin should reach $7.91 in one year’s time and should increase up to $19.87 in five years.
DigitalCoinPrice takes a slightly more measured view. The site’s ANT coin price prediction 2021 sees the year ending at $8.29 and should reach $8.73 in November 2022, but in five years time believes the coin value will be at $15.03.
Finally, Gov.Capital says ANT should close out the year around $5 before hitting about $9 on 26 November 2022. A year from that, it is estimated to be valued at around $13.06. By November 2026, the coin is estimated to reach $15.
It might be, but on the other hand it might not be. 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 how soon. Regardless, you should always do your own research, remember that cryptocurrencies are often very volatile, prices can go down as well as up and you should never invest more than you can afford to lose.
Again, it might do. 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 it at a range of exchanges, including Currency.com. Just remember to do your research and never invest more money than you can afford to lose.