Skip to content

Tengruipharm

Just another WordPress site

  • npressfetimg-18960.png
    How long you should wash your hair to eliminate greasy locks explained by a haircare pro – Express Haircare
  • npressfetimg-33032.png
    Daniela Bell’s Personal Style Is Casual Cool – D Magazine Personal style
  • npressfetimg-15327.png
    Area experts offer tips for financial independence – Yahoo News Financial independence
  • npressfetimg-1910.png
    Your gut bacteria may influence how motivated you are to exercise – New Scientist Motivation
  • FTX diverted $200 million of customer money for two venture deals that caught the SEC’s attention – CNBC Investments
  • npressfetimg-2419.png
    After tech sell-off, the stock market’s Santa Claus rally could face a more difficult liftoff – CNBC Stock market
  • The Top 5 Passive Income Ideas of 2023 – NextAdvisor Financial independence
  • npressfetimg-22101.png
    Balance is key as NH lawmakers head into budget year – Berkshire Eagle Budget lifestyle
npressfetimg-1916.png

Why Aragon’s Cryptocurrency Is Soaring Today – The Motley Fool

Posted on December 16, 2021 By Cryptocurrency No Comments on Why Aragon’s Cryptocurrency Is Soaring Today – The Motley Fool

What happened

Aragon‘s (CRYPTO:ANT) cryptocurrency has posted big gains over the last day of trading. The ANT token was up roughly 19.5% over the previous 24 hours of trading as of 2 p.m. ET on Wednesday.

The gains appear to correspond with the DAO Tooling Panel and Hackathon hosted by blockchain social platform Moledao, which Aragon’s Juliette Chevalier participated in. Aragon’s decentralized finance (DeFi) application provides decentralized autonomous organization (DAO) creation tools and services, and the ANT token is used to handle voting rights that effect development within organizations built through the Aragon app. 

Image source: Getty Images.

So what

Aragon is still a relatively small player in the overall cryptocurrency and DAO categories, and its token is predisposed to posting big moves on relatively little news. The cryptocurrency is now up roughly 31% over the last seven days of trading, and the gains appear to be driven by rising interest in DAOs and the services they can provide to businesses and cryptocurrency- and blockchain-based applications. 

Now what

Increasing adoption for the Aragon application could help drive its token price significantly higher, but it’s worth keeping in mind that speculation on the cryptocurrency’s price has likely also been a driving factor in the token’s gains this year. There’s a fundamental service here that could see increasing value, but there’s also a risk that the current token price is more reflective of hype than underlying service capabilities. 

The Aragon token has climbed 112% year to date and now has a market capitalization of roughly $260 million. There’s still room for explosive growth from here, but investors should approach the ANT token with the understanding that it remains a high-risk, largely speculative play. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

Source: https://www.fool.com/investing/2021/12/15/why-aragons-cryptocurrency-is-soaring-today/

Cryptocurrency Tags:RSS Feeds

Post navigation

Previous Post: Stock market outlook: Fed inflated bubble could drive 45% upside ahead – Markets Insider
Next Post: How EndoTech’s Algorithmic Trading is Revolutionizing Crypto Investing – Us Weekly

Related Posts

  • npressfetimg-9687.png
    Uniswap to allow users to buy cryptocurrency using debit and credit cards – Cointelegraph Cryptocurrency
  • npressfetimg-32716.png
    Crypto Lender Nexo Is Fined $45 Million – The New York Times Cryptocurrency
  • Bitcoin and Four Analysts’ Predictions About Cryptocurrency Price That Went Wrong in 2022 – U.Today Cryptocurrency
  • npressfetimg-15264.png
    Coinbase cutting nearly 1,000 jobs, citing rough cryptocurrency climate – CBS News Cryptocurrency
  • npressfetimg-9585.png
    $3.9 billion lost in the cryptocurrency market in 2022: Report – Cointelegraph Cryptocurrency
  • npressfetimg-18055.png
    Top-five most Googled cryptocurrencies worldwide in 2022 – Cointelegraph Cryptocurrency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Archives

  • February 2023
  • January 2023
  • December 2022
  • January 2022
  • December 2021

Categories

  • Advertise online
  • Affiliate Marketing
  • Bad habits
  • Budget lifestyle
  • Celebrities
  • Content marketing
  • Cryptocurrency
  • E-commerce
  • Fashion clothing
  • Financial independence
  • Graphic design
  • Haircare
  • Healthy habits
  • Housing market
  • Investments
  • Makeup
  • Motivation
  • Nail stylist
  • Passive income
  • Personal finances
  • Personal style
  • Quit smoking
  • Retire
  • Self-development
  • Stock market
  • Stop drinking
  • Tattoos
  • Time management
  • Watches
  • Youtube Marketing

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Recent Posts

  • 4 side hustles for Gen Z that can bring in hundreds or even thousands of dollars a month – CNBC
  • Earn Passive Income With This Side Hustle That’s Perfect for Introverts – Yahoo Finance
  • Extreme Saving Method Speeds Up Early Retirement Option – AARP
  • Demystifying the Concept of Financial Independence Through Free Education – Daily Scanner
  • Americans prefer to cling to cash after shaken by stock market volatility – Yahoo Finance

Recent Comments

    • npressfetimg-21062.png
      8 Tips for Quitting Alcohol That Actually Work – CNET Stop drinking
    • npressfetimg-2341.png
      Counterfeit crud crooks crossed over to e-commerce during COVID – The Register E-commerce
    • npressfetimg-47171.png
      Suze Orman is staying conservative with her investments, shunning tech and buying T-bills – CNBC Investments
    • The Vanilla Girl Aesthetic Is The Latest Style Taking Over TikTok – STYLECASTER Personal style
    • npressfetimg-10357.png
      Inside Live Shopping: The New Era of E-Commerce – ELLE E-commerce
    • How ‘Ivy’ clothes became a century-spanning fashion mainstay – Marketplace Fashion clothing
    • npressfetimg-4151.png
      Easy, feel-good and flexible: fashion minimalists on living with fewer clothes – The Guardian Fashion clothing
    • 23 investing and personal finance thoughts for what’s to come in ’23 – Financial Post Personal finances

    Copyright © 2023 Tengruipharm.

    Powered by PressBook News WordPress theme