Built on the Ethereum network and led by Luis Cuende, Aragon (ANT) is an open-source decentralized platform for creating decentralized autonomous organizations (DAOs) and the tools they need to thrive. With on-chain finance management and a developer-friendly API, Aragon presents itself as the leading DAO solution. It also enables companies and the public sector to implement secure and private digital voting technology that is tamper-resistant and completely scalable.

The Aragon Network Token (ANT) is the native token of the Aragon Network and is primarily used for governance. Its price has seen some significant changes throughout its history and if you want to know why then you’re in the right place. We’ve compiled everything you need to get a better understanding of ANT price – as well as the factors which influence it.

Aragon Price History

Aragon Network Token (ANT) hit the crypto market in May 2017, trading at about $1.16. It made gains for its first month, climbing to a high above $4 in June. The next few months saw some dips until ANT briefly fell below $1 in November. By December, however, prices had begun to rally and ANT reached a value of $3.84 at the end of the year.

After further upside in the first week of January 2018, ANT hit a peak of $8.20. The rest of the year saw some volatile price swings that took an overall downward trajectory, and by the end of 2018, ANT had declined to a price of $0.36, representing a 96% drop from its January peak.

January 2019 saw prices rise as high as $0.63, before dropping as low as $0.33. Some steady gains then saw ANT reach $0.90 at the start of April. The next few months were more volatile, with ANT mostly trading between $0.40 and $1, before prices began to fall again in November. By the end of 2019, ANT was almost back to where it started the year, with a price of $0.40.

2020 started positively and by the first week of March, ANT had reached $1.50. Prices quickly crashed though, and ANT hit a low of $0.36 following a drop of 55% on a single day in March. The coin then experienced fresh growth, steadily climbing back to $1.40 over the next four months. After that, a steeper climb took ANT up to a peak of $11 towards the end of August. The subsequent crash saw ANT dip below $3 again in September and the coin mostly traded in the $2.60 to $4 range for the rest of the year, finishing 2020 with a value of $3.06.

The start of 2021 saw a new rally, and ANT had broken past $7 by the middle of February. A 50% pullback then saw prices drop below $4 at the end of the month, before the surge resumed at the start of March. This culminated in a peak at ANT’s all-time high of $15.07 on 6 April, at which point the market cap of Aragon was around $500 million. Most of the rest of the month saw a retracement to $7, before a slight resurgence took ANT price over $11 in May.

Analyzing Aragon Price History

ANT’s price history can be analyzed with many of the same techniques as stock market analysis. Technical analysis (TA) involves using various indicators while studying price charts in order to make sense of previous price movements. With ANT, as with many other tradable assets, large price swings are often accompanied by spikes in trading volume, as a large number of users buy or sell their coins on exchanges.

Fundamental analysis (FA), on the other hand, looks at the finances and activities of a company, as well as the state of the wider market and economy. Aragon leader Luis Cuende was featured in Forbes 30 Under 30 in the technology category, and at least 1,700 decentralized autonomous organizations have been created through the platform, which now has about $900 million in assets under management. These could be good signs for the project’s fundamentals.

Broader market trends have also played a role in ANT’s price history. Its surges at the end of 2017 and the start of 2021 weren’t unique – the entire crypto market pumped around these times. Bitcoin was in the midst of major bull runs then, and with such strong market dominance, any significant price movement for Bitcoin often impacts other cryptocurrencies.

ANT’s huge single-day drop in March came as economies and borders were closing down around the world in response to the COVID-19 pandemic. The effect of this was felt by the whole cryptocurrency sector and the entire stock market, which experienced the biggest single-day crash since 1987.

The overall price trend of ANT tends to follow what’s known as a boom-and-bust cycle. This is a pattern in which a period of growing excitement leads to a surge in price before doubt and disillusionment set in and result in a crash.

Factors Influencing The Price of Aragon (ANT)

A variety of different things can affect the price of OMG, including project news and developments, the flow of assets on exchanges, public sentiment, and emerging trends in the wider cryptocurrency and global economies.

There is currently no maximum supply for ANT. The token was launched with an initial supply of 39,609,524 ANT, all of which is now in the circulating supply. ANT holders get to decide on the issuance policy and inflation rate of the token. Any inflation would put downward pressure on ANT price, as demand for the token would have to increase at a greater rate than the circulating supply in order to cause a price rise.

One reason for ANT demand is the governance rights it provides. Users of the Aragon platform may wish to purchase ANT in order to help shape the project’s future. Further demand could be driven by the fact that ANT must be deposited into a smart contract in order to mint ANJ (Aragon Network Juror). ANJ is the native token of Aragon Court, where disputes that require human decisions are settled by jurors who stake ANJ and earn fees for successful adjudication.

Future growth and development of the network and its token could have a positive impact on ANT price. Additional uses for ANT involving accessing Aragon Network services have been proposed, and if implemented could make the token more valuable. Also, ANT is in the process of upgrading to ANTv2, which will save users 66% on gas fees and supports meta transactions. The upgrade will be accompanied by new liquidity rewards programs on Uniswap and Balancer aimed at incentivizing the fast migration of liquidity towards ANTv2.

Live Aragon Value and Market Cap

The live price of ANT varies from moment to moment as it’s dictated by the balance of buyers and sellers on exchanges, which is in constant flux. 

Given ANT’s volatility, its live price can change by a large amount in a very short space of time. The market cap of Aragon is equal to the price of ANT multiplied by the number of ANT in the circulating supply.

Aragon Price FAQ

How is the price of ANT calculated?

ANT’s price at any given time is decided by the balance of supply and demand on exchanges. When more people are buying ANT than selling it, the price goes up, and when more are selling than buying, the price goes down.

Why is the price of ANT different on different cryptocurrency exchanges?

ANT’s price is based purely on trading as there is no standard global ANT price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affects the price.

What will ANT be worth in the future?

It’s impossible to make price predictions with any kind of absolute certainty, as a whole host of different factors could play a role in determining the future value of ANT. The decisions of ANT holders will likely influence the token’s future value and the rollout of ANTv2 and additional token uses could drive demand for ANT.

Conclusion

The price of ANT has been through some major changes in its history, going from less than a dollar to highs of $15. Its price movements have rarely been smooth, however, as ANT’s volatility has led to plenty of surges and crashes along the way.

Many different factors have played a role in determining the price of ANT, including demand for governance rights, the upgrade of the token, and trends in the rest of the crypto market and wider economy. Its current valuation is derived from the balance of supply and demand in the markets and constantly changes.

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