Is Aragon (ANT) A Good Investment?

Introduction

Aragon (ANT) is a decentralized platform built on the Ethereum network that offers a modularized way to create and manage dApps, cryptoprotocols, and decentralized autonomous organizations (DAO). The ANT ERC-20 token will enable its holders to govern the Aragon Network.

The project is led by Luis Cuende, who was featured on the 'Forbes 30 under 30' category in 'Technology'. The Aragon price page is part of the Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies.

How Does Aragon (ANT) Work?

Aragon combines a variety of new concepts and features to bring its goals to reality. All DAOs come pre-installed with the most critical corporate components. User can set up their business systems such as finance, token sales, and voting protocols.

Aragon Client: The Aragon Client is where users create customizable DAO features. The client is designed to provide a transparent smart contract framework that is easy to navigate and requires no prior blockchain training.

AragonOS: The AragonOS is what users work with to set up their token sales. Here you can decide on all the most important details of your fundraising event. Features such as the time frame and how you intend to incentivize contributors are readily available to all.

Financial Analysis:

Aragon's (ANT) price today is $4.81 with a 24-hour trading volume of $12,641,399. ANT price is up 5.1% in the last 24 hours. It has a circulating supply of 38 Million ANT coins and a total supply of 43 Million.  At the time of writing this post (Oct 21, 2021), ANT's Return On Investment (ROI) over the past year was 51%, underperformed in 'Cosmos Ecosystem, Software, Governance' categories which had 501% growth over the past year. It underperformed in the crypto market which had 13405% growth over the past year.

Projects with public Github account have more transparency and reliability. Regularly, investing in projects with multiple contributors and commits is considered a safer and better investment (this means they are busy working and building the project). According to its Github account, there are 32 Contributors to the development of ANT.

Another critical factor in the success of any project is gaining public attention. Our data shows that ANT's Twitter account saw a growth of 7% over the last months in the number of followers. Also, the number of ANT Reddit subscribers increased by 9%. However, the Telegram channel users had a 0% growth over the last months so it needs to work on their social marketing networks.

Over the last five months, ANT's Market Capitalization rank followed an overall declining trend, starting at the rank of 239-290 on July-Aug 2021, reaching 287 in Oct 2021. However, by the time of writing this post, ANT's market cap rank is about 316, and its value is $184,039,865 Million. Moreover, its liquidity score is 45% under the market's average score, making it relatively harder to sell in bear markets.

You are saying that Aragon (ANT) is the best cryptocurrency to invest in?

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