Aragon Price Up 14.60% – Time To Buy ANT Coin?
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- ZooDAO builds on the Aragon network.
- The DAO hackathon pushes the price of Aragon further up north
- Tylor Rawlings swaps the US Senate for Aragon protocol
The Aragon network, which is gradually rising in popularity, has been on the uptrend prompting investors to buy ANT.
Aragon has continued to defy the odds in recent weeks and continue its march up north in spite of the downtrend that has plagued the broader crypto space.
ZooDAO Launches On The Aragon Network
Aragon built on the Ethereum network is an open-source protocol that has provided an enabling platform for ZooDAO to build a decentralised autonomous organisation (DAO) solution for its users.
In the past, there have been issues of network updates on different platforms that did not go down well with the majority of the stakeholders, and this has given rise to a new and better form of governance known as DAOs.
ZooDAO utilises this model of decision-making and governance to enable the full participation of users in the network’s projects.
This method guarantees seamless participation of members, and voting on any governance decision is done smoothly. On ZooDAO, users can easily earn passive income on their non-fungible tokens (NFTs). However, participation is only open to members who hold the native token of ZooDAO, known as $ZOO.
Aragon provides ZooDAO with a verifiably independent protocol that allows users to decide on the key decisions regarding the future of ZooDAO.
Aragon also provides a smart contract framework that is in sync with ZooDAO’s code and executes immediately certain criteria are met. This on-chain execution helps ZooDAO maintain the trust of users by ensuring outcomes of votes are fully honoured without any external intervention.
The DAO Hackathon Sees Aragon Price Enter Bullish Territory
The DAO global hackathon, which is the largest Web3 hackathon organised on Gitcoin, saw over 1000 participants battle it out for a combined total prize of over $200,00,0 including bounties.
Aragon put together the virtual event in a bid to have participants build new projects that will proffer solutions to existing problems on the network. The event saw about 36 projects submitted, out of which 12 winners were announced. The hackathon event came to an end on December 17th.
The hackathon brought Aragon to the limelight and has been a major factor in the recent spike in the price of the digital asset.
Taylor Rawling Joins Aragon From The US Senate
The Aragon network pulled off a major steal when it convinced Taylor Rawlings, who once served at the US senate for the Aragon blockchain.
Taylor will now serve as Community Manager for the Ethereum-based platform. He will be responsible for social media channels, meetups, community calls and bring his wealth of experience to play to support the growth of Aragon’s community.
Taylor previously offered constituency services to help align with legislation during his time at the United States Senate.
He also collaborated alongside legal experts at the United States Senate Committee on the Judiciary. Taylor has also spent many years in regulatory compliance, anti-money laundering (AML) services for American Express and Goldman Sachs.
Aragon Technical Analysis – Aragon Bullish In a Broader Bear Market
The nascent crypto market dropped 3.19% in the last 24 hours to be valued at just $2.25 trillion after attaining a height of $3 trillion only a few months back.
Market leader, Bitcoin (BTC) and number one alternative currency (altcoin), Ethereum (ETH), have suffered major losses in recent weeks, having seen their prices plummet drastically.
ANT is on an upward trend and is trading at $11.62. Further uptrend movement could see the digital asset touch $12.31 before any retracement.
Aragon can suffer retracement to $9.51 support price, but if the utility token fails to establish a firm support level, there is likely to be further retracement should be expected down to the $6.836 price peg.
Daily Technical levels
Support Resistance
4.111 5.638
6.836 7.678
8.520 9.561
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