Blog Crypto ANT Coin (Aragon): Has Its Time Finally Come?

ANT Coin (Aragon): Has Its Time Finally Come?

date April 14, 2022 time 5 min read 606 views

Aragon emerged as a promising project offering an easier way to create and maintain DAOs. Despite its failure to maintain its price spikes, its native token ANT coin is an exciting part of DeFi advancements. As the technologies it’s built around grow, ANT coin could be set for a promising future. Is it one to watch or one to ignore?

If you assumed that something as impressive-sounding as building and maintaining a decentralized organization is reserved for developers with advanced coding skills, you’re not alone. Aragon is trying to change this by providing a more accessible solution—and thousands of decentralized organizations now use its tools. ANT coin is the beating heart, and some believe the boom in decentralized organizations could make its price pop. However, an underwhelming history might make you skeptical. 

If you’re curious about the performance of the ANT coin price so far, what the platform is doing, and how you can join yourself, you’re in the right place. 

What is ANT coin?

To understand the role of ANT coin, you need to understand the project behind it: Aragon. 

Aragon’s primary function is to make it easy and convenient to create and maintain decentralized autonomous organizations (DAOs): Groups that allow people to band together in the crypto world while remaining decentralized and self-governed. 

ANT coin is here to make DAO governance better and easier.
ANT coin is here to make DAO governance better and easier. (Source: Aragon)

These have had various applications in the past, such as allowing people to band together to join funds and make investments. In fact, one DAO has a portfolio of NFT collections worth $1 billion—that’s not exactly something many investors could achieve without a little help from their friends. 

Bitcoin is another example of a DAO, albeit one on a much larger scale. It’s decentralized and used to make agreements about buying or selling BTC, so it technically fits the category. 

Aragon facilitates this by offering tools that give DAOs access to smart contracts and file sharing, all of which make it easier for an organization of this kind to function, especially when it comes to maintenance and upgrades. You can also create a DAO directly from Aragon.

The project is made up of three core components:

  1. Aragon client: For making DAOs
  2. Aragon network: For maintaining and supporting DAOs
  3. Aragon Association: A nonprofit for managing funds raised

But what’s the role of ANT coin in all of this, you ask? Token holders have the right to play a role in the governance of the platform, meaning they can influence future policies, decisions, and development. All of this is pretty important if you’re relying on the platform to run your DAO.

ANT price history

Aragon was first launched in 2016, just before crypto hit its peak, and ANT coin came along in May 2017. It enjoyed interest straightaway, going from a value of $1.3 at launch to $4.16 just over a few weeks later. 

Although the value dropped promptly after, a second spike came in July 2018, when the price increased to $7.7. A few peaks and troughs followed, although it ended at a price of less than $1, which it sustained for the next two years.

The ANT coin price spiked in early 2022 but has struggled to recover.
The ANT coin price spiked in early 2022 but has struggled to recover. (Source: CoinMarketCap)

Finally, in August 2020, the ANT coin price reached a new high of $9.5. Then it reached another May 2021 (of $13.1) and yet another in December 2021 (of $13.51). We’re now almost back to the starting point though, with ANT coin’s value hovering between $4 and $5.

Although there’s been plenty of volatility in the mix, ANT coin has had its fair share of spikes, giving it some promise. Considering DAOs have only really come into their own recently (e.g., people banding together to use them to buy NFTs), it may be the case that Aragon was simply before its time but will return to its former glory and more shortly.

However, don’t jump straight in unless you’re filled in on how the technology works.

Should you invest in ANT coin?

So, the golden question. Is ANT coin a good investment? While that’s ultimately up to you to decide, it’s worth raising some of the main points.

Unlike some crypto protocols, Aragon has a specific purpose:

To aid with the capabilities of DAOs and make them more accessible.

This could make it a better investment than a coin offering nothing more than pure asset speculation. We’ve also seen the popularity of decentralized finance and DAOs boom in recent times, meaning that the time for Aragon and ANT coin to flourish may finally be here. If the DeFi sphere continues to grow, it’s only natural that more people will want to create DAOs and turn to solutions like Aragon.

Those who invested at the previous peaks will certainly be hoping so.

However, while we could spin a nice yarn about how every crypto project is nothing but rainbows, butterflies, and changing the world—the truth is that nobody knows that for sure. These technologies are still very young, and a coin as volatile as ANT certainly isn’t a “safe bet.”

As a quick mention, don’t confuse ANT coin from Aragon with the Ant Network, a crypto mining and social network app that’s attracted controversy for being a potential scam and introducing paid upgrades. The name sharing is unfortunate, but the two projects aren’t linked—so there’s no need to worry about anything untoward going on.

How to buy ANT

If you’re opting to focus on the positives, the next question is figuring out how to buy ANT coin.

If DAOs become more popular, ANT coin could be a good investment.
If DAOs become more popular, ANT coin could be a good investment. (Source: Unsplash)

Fortunately, it’s available from most major exchanges, including Binance, Kraken, Huobi, and OKEx 

Or, there’s an alternative.

Buy with MyConstant loans

Investing in ANT coin isn’t for everyone, but if you’re considering it, you might be interested to learn you can do so without having to use your fiat currency or sell your existing crypto assets.

With platforms like MyConstant, all you need to do is collateralize your crypto to receive instant loans with low-interest rates, and buy ANT coin. 

Other benefits include:

  • 24/7 customer service.
  • Rates as low as 6%.
  • Early repayments for lower rates.
  • Instant matching.
  • Store and borrow against over 70+ different cryptocurrencies.

Sound interesting? Sign up for a free account today and start investing in ANT coin.

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George Schooling

George Schooling

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