Timing altcoin tops with Aragon (ANT)

If you believed in Aragon’s DAO-first approach a year ago, you’d be swimming in virtual dough right about now.

The native token of the Aragon network (ANT) is up a preposterous +1106% for the past 365 days, though most of its monster gains have been realized quite recently.

On July 21, the price of ANT was still just treading water, trading in a familiar $1.30 range. Since then, the coin has moved comfortably into price discovery, recording an all-time high of $9.6 yesterday morning before retracing slightly. That’s a +592% change in 40 days.

ANT, price, past 6 months (Source: Sanbase)

While Aragon is not a DeFi-specific project, the Dapp has benefited greatly from the proliferation of decentralized finance protocols over the past few months. Aragon DAOs now power the decentralized governance of some of DeFi’s biggest projects, including Aave’s

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