Aragon (ANT) Price Shoots Up Nearly 46% In 24H

Aragon (ANT) Price Shoots Up Nearly 46% In 24H
  • The 24h trading volume of Aragon (ANT) surged up 1482.35%.
  • Currently, Aragon (ANT) has a supply cap of 39,609,522 ANT.

Inflation in the Fed-led global market heated up to hit its 40-year high. Eventually, this led the value of the crypto market to tumble further down to $900 billion USD. Surprisingly, Aragon (ANT), an unrecognized altcoin, exhibited a 46% price surge in the last 24 hours.

ANT – 24h Price Action Chart (Source:CoinMarketCap)

Moreover, the dominant cryptocurrencies, Bitcoin and Ethereum, plunged to their 1-year-low at $20,178 USD and $1,025 USD respectively on Wednesday.

Aragon’s (ANT) Positive Price Rally

The relative volume (RVOL) of Aragon (ANT) is above the cut-off line at 3.877, indicating a strong volume of investors trading in ANT. Notably, the trading volume surged 1482.35% in the last 24 hours. According to stats, the RSI of Aragon (ANT) is below 50, at 47.08, indicating that the token is in an oversold state.

ANT/USDT – Price Chart (MA, RSI & RVOL) (Source: Trading View)

Aragon (ANT) is the native utility token of the Aragon protocol. ANT was launched as an ERC-20 token in late 2017. Aragon is an open-source, decentralized software protocol that enables the creation and regulation of decentralized autonomous organizations (DAOs) via smart contracts. 

Primarily, Aragon (ANT) token functions as a governance token deployed in the network’s community funding DAO and in Aragon Court, a web3 dispute resolution protocol.

According to CoinMarketCap, at the time of writing, the Aragon price was at $1.79 USD with a 24-hour trading volume of $200,813,151 USD.

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