Is Aragon (ANT) a Good Investment?

Aragon (ANT) Cryptocurrency Overview For 2022

While organizations are certainly starting to take more of a foothold where the crypto market is concerned, there are gaps in blockchain adoption.

Aragon aims to remediate that, even to the point where standard business functions can take advantage of the blockchain technology’s modular approach.

Eventually, the idea is to create a situation where Aragon acts as a digital jurisdiction, empowering corporations, investors, and entrepreneurs to conduct business activities without a legal nexus in the mix.

What is Aragon (ANT)

The best way to describe Aragon is as an open-source piece of software that capitalizes on the pillar of the Ethereum blockchain to create and maintain its DAOs.

This is probably a good time to explain the DAO concept to those who may be on the unfamiliar side of the fence. Essentially, it’s a piece of software that runs on blockchain technology.

The appeal of DAOs comes from the empowerment users get from collective management of their code via the built-in model that the DAO offers.

Aragon’s network offers the main elements, which are:

• The network – The organization providing the interconnectivity between the community of DAOs on the platform
• The association – A non-profit that provides management functionality over revenue raised from Aragon token sales. A part of this management includes allocation
• The client – A toolkit created for developers to exercise their creative muscles by making customized online organizations. This element allows for transparency in group participation

The History of Aragon (ANT)

W founded in 2016. One of its most notable feats is the securing of an outstanding $24 million in only 15 minutes during its ICO in May 2017.

While the project had potential even before this, one could argue that this outstanding feat provided a launching pad for the kind of recognition Aragon would eventually get.

Initially, the project was run with Luis Cuende at the helm, who is known for some incredible work that led to his inclusion in Forbes’ well known 30 under 30 list.

How Does Aragon (ANT) Work?

Developers are required to use AragonOS to create a DAO. AragonOS is simply a smart contract framework that contains modules allowing for several key functionalities such as fundraising, group-based decision making, and incentivizing contributors to join the community.

Aragon DAOs are characterized by three pre-installed elements in all cases:

• Tokens – These are the crypto assets that provide structure and membership within a DAO
• Voting – If ever token holders wish to bring issues to light, vote, and review outcomes, this is the element that allows for that.
• Finance – Provides resource management for a DAO. With it, participants are empowered to do transaction submissions, review transaction history, and even view what the DAO’s asset balance looks like.

Aragon (ANT) Price Prediction

This is a good time to make the disclaimer that market factors are going to be the ultimate indicator of what happens with a cryptocurrency’s price. Nevertheless, there’s value in reviewing what analysts predict, especially given that these predictions tend to come from a place of expertise.

DigitalCoinPrice has a bullish outlook on Aragon’s future. For 2022, ANT (the actual Aragon token) is expected to hit as much as $5.87, then $7.83 in five years, culminating in a 2030 value of $15.66

Next, there’s WalletInvestor, with yet another bullish prediction. This time, the 2022 outlook has ANT at $4.98, with it around $7.50 at the start of 2025, and a move to $11.00 in five years.

Finally, there’s Gov.capital, which has the most bullish predictions yet. Here, ANT is expected to break the $10 barrier in August 2023, going over the $20 by May 2025, and reaching an incredible $39.98 in five years.

Is Aragon (ANT) worth Buying?

Aragon is undoubtedly a very ambitious project, and it has certainly made notable progress since its inception. Additionally, there have been over 1,400 DAOs created.

Nevertheless, the kind of meaningful adoption that Aragon intended to have is yet to be seen.

With the development team it has behind it, there’s certainly a case to be made for purchasing it, especially given the expected outlook.

Remember that utility is one of the biggest factors, and Aragon has that in spades.

Aragon (ANT) Forecast 

Unlike other cryptocurrencies, Aragon does not necessarily have a fixed forecast. This is largely because of the community-centric design that the project opted for. Therefore, the community’s will largely decides what happens with the currency.

However, analysts do expect big developments, given the past has been characterized by areas of innovation, such as Aragon One, the Aragon Court, Aragon Agent, AraCred, etc.

Where to Buy Aragon (ANT)

Now comes the question that is likely at the fore of your mind if you’ve developed an interest in purchasing ANT. Where should you even look to buy it? Well, the recommended exchanges here consist of Binance, KuCoin, Gate.io, and Huobi Global.

Below is an overview of each of these, including the pros and cons you want to pay attention to. Furthermore, you get insights into how the process works on each exchange.



Binance

If you’ve had any conversation about cryptocurrency exchanges, the chances are that Binance has come up more than once. Considering the trading volume, it has been and continues to be one of the largest cryptocurrency exchanges globally.

While not available in the US, you can take advantage of the Binance.US partner site.