ANT coin price prediction: Will ANT go up?

Contents

• ANT’s role in the Aragon Network
• The ANT white paper 
• ANT coin price history
• Aragon (ANT) price prediction
• FAQs

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, 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 contacted Ant Network for comment but have 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 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.

The ANT white paper 

The ‘Aragon Network: A Decentralized Infrastructure For Value Exchange’ roadmap document was published on 20 April 2017 and is 39 pages long.

According to the white paper: “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.”

It 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 useful to take a look at what has happened 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 just five days it more than doubled, hitting 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 that 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 2021 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 first 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 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 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.

December was a difficult month for cryptocurrencies, with bitcoin falling rapidly well into the winter months. However, ANT was an exception to the rule and on 20 December 2021, the coin began to rally. A new all-time high was recorded on 1 January 2022 at $14.12, but that price was not maintained. By 24 January, the coin saw lows of $4.09, a loss of over 70%. However, some recovery has been made since then and at the time of writing on 3 February 2022, the coin is currently trading at $7.45.

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 an optimistic ANT coin price prediction. The site says the coin should reach $9.53 in one year’s time and should increase up to $21.66 in five years. 

DigitalCoinPrice is also bullish. The site’s ANT coin price prediction 2022 sees the coin reach $10.73 in April, and be worth $10.31 in December. The site suggests the coin could be worth up to $12.13 in one year’s time and $16.96 in five years’ time.

Finally, Gov.Capital says ANT should break the $10 mark in April 2022, and the $20 mark in March 2024. The site has the most bullish projections of the forecasts, with an estimated value of $12.64 in one year and $43.36 in five years’ time.

FAQs

Further reading