On July 18, 2024, at precisely 17:00 UTC, Aragon (ANT) experienced a significant breakout, surging by 7.5% to reach a new price of $9.79. This remarkable movement captured the attention of the cryptocurrency community, highlighting Aragon's innovative strides in decentralized governance. The breakout was fueled by a series of strategic developments and announcements that have positioned Aragon as a key player in the DAO ecosystem. Let's delve into the factors that contributed to this impressive price movement. The cryptocurrency Aragon (ANT) experienced a significant breakout on July 18, 2024, with its price surging by 7.50% to reach $9.79. This breakout can be attributed to several strategic moves and announcements that have bolstered investor confidence and market sentiment. Let's delve into the key reasons behind this price surge and explore the corresponding visual evidence that highlights these impactful developments:
ENS partnership with Aragon: The partnership between ENS (Ethereum Name Service) and Aragon has been a gamechanger. This strategic alliance is seen as a move to enhance the ecosystem, providing a significant boost to Aragon's market position. The collaboration involves distributing limited edition dao.eth merchandise, which has generated considerable buzz and excitement within the community. This partnership is not just about merchandise; it symbolizes a deeper integration of services and a broader reach for Aragon's offerings.
Announcement of 11 new DAO experts: Aragon's announcement of adding 11 new DAO experts to their team has been another pivotal factor driving the price surge. This move is aimed at enhancing service delivery and meeting community needs more efficiently. The introduction of these experts is expected to bring in fresh perspectives and innovative solutions, thereby fostering a positive sentiment among investors and users alike.
Aragon's recent deployment of the new modular Aragon OSx protocol and the nocode Aragon App on Ethereum and Polygon has also played a crucial role in this breakout. The project's mission to enable everyone to experiment with governance at the speed of software is reflected in these technological advancements. The integration of multichain governance, leveraging LayerZero protocol for crosschain messaging and zkSync Era rollup for lowcost and secure voting, has significantly enhanced the usability and appeal of Aragon's platform.
Overall, the combination of strategic partnerships, expert team additions, and continuous technological innovations has created a perfect storm for Aragon's price breakout. These developments not only demonstrate Aragon's commitment to improving its ecosystem but also highlight its potential for longterm growth and success in the decentralized governance space. In conclusion, Aragon's recent breakout can be attributed to its strategic partnership with ENS and the announcement of 11 new DAO experts. These developments have not only enhanced Aragon's ecosystem but also boosted investor confidence, leading to a significant price surge. As the cryptocurrency market continues to evolve, it is crucial for investors to conduct thorough research (DYOR) to navigate the complexities effectively. Aragon's commitment to innovation and decentralized governance positions it as a project with a promising future in the crypto space.
We have asked 18 Experty community members questions related to "News of Aragon (ANT) - July 2024 Price Update - 7.5% Breakout Crypto News and Analysis". We have received many valuable replies, the best ones (based on Experty community feedback) you can read below.
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Cute, funny and a little bit crazy!!!
Explore the Core.
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs) Aragon recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance. The Aragon Project is governed by Aragon Network Token (ANT) Holders in the Aragon DAO and built by globally distributed teams
Spot the Main Event:
Bringing Multichain Governance to DAOs with zkSync and LayerZero. Multichain governance enables DAOs to govern assets and permissions across EVM chains from one mainnet DAO smart contract. This Aragon OSx plugin leverages the LayerZero protocol for cross-chain messaging and the zkSync Era rollup for low-cost and secure voting. Here’s how governance in multichain DAOs works from proposal to execution: * Create a custom census with tokens across chains: Create a custom census using governance tokens across multiple chains using LayerZero’s Omnichain Fungible Token (OFT) standard. * Cast low-cost votes on zkSync: Once the census has been created, members will be able to vote settling on zkSync at a fraction of the cost. Or, they can vote on the chain they hold their tokens on. * Execute the action across chains simultaneously: After the vote, use the Aragon OSx permission management system to execute the action programmed into the proposal on multiple chains simultaneously from your mainnet DAO. Execute the action across chains simultaneously: After the vote, use the Aragon OSx permission management system to execute the action programmed into the proposal on multiple chains simultaneously from your mainnet DAO. With the multichain governance plugin, voting rights are no longer fragmented. DAO members can hold governance tokens across any EVM chain and they can be counted in the same voting census on zkSync. With this plugin, you can save DAO members from having to cast expensive mainnet votes. All votes are cast on zkSync, so they’re just a fraction of the cost of what voting on mainnet would be.
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shuaibu abubakarA dedicated learner!
Explore the Core.
From my understanding, Aragon (ANT) is primarily focused on building a platform that allows users to create and manage Decentralized Autonomous Organizations (DAOs).
Spot the Main Event:
Exciting announcement!! Team just announced a whopping 11 new DAO EXPERT. According to them, this will help in providing new service and providing needs more faster.
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GLORIA OLUWAFERANMITo God be the Glory
Explore the Core.
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs) Aragon recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance. The Aragon Project is governed by Aragon Network Token (ANT) Holders in the Aragon DAO and built by globally distributed teams.
Spot the Main Event:
Back to all guides Contents Bringing Multichain Governance to DAOs with zkSync and LayerZero How it works What's under the hood Become future-proof Call for partners and feedback Bringing Multichain Governance to DAOs with zkSync and LayerZero Multichain governance enables DAOs to govern assets and permissions across EVM chains from one mainnet DAO smart contract. This Aragon OSx plugin leverages the LayerZero protocol for cross-chain messaging and the zkSync Era rollup for low-cost and secure voting. Explore the open-source code here or get in touch for a custom build. Here’s how governance in multichain DAOs works from proposal to execution: Create a custom census with tokens across chains: Create a custom census using governance tokens across multiple chains using LayerZero’s Omnichain Fungible Token (OFT) standard. Cast low-cost votes on zkSync: Once the census has been created, members will be able to vote settling on zkSync at a fraction of the cost. Or, they can vote on the chain they hold their tokens on. Execute the action across chains simultaneously: After the vote, use the Aragon OSx permission management system to execute the action programmed into the proposal on multiple chains simultaneously from your mainnet DAO.
📸 Show Us What You Found:
Oluwatosin BamideleTrade hard. Joy is coming
Explore the Core.
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs) Aragon recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance. The Aragon Project is governed by Aragon Network Token (ANT) Holders in the Aragon DAO and built by globally distributed teams.
Spot the Main Event:
The introduction of Multichain governance that enablesMultichain governance enables DAOs to govern assets and permissions across EVM chains from one mainnet DAO smart contract. This Aragon OSx plugin leverages the LayerZero protocol for cross-chain messaging and the zkSync Era rollup for low-cost and secure voting. Explore the open-source code here or get in touch for a custom build.
📸 Show Us What You Found:
OLUWATOSIN GARUBAExplore the Core.
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs) Aragon recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance. The Aragon Project is governed by Aragon Network Token (ANT) Holders in the Aragon DAO and built by globally distributed teams.
Spot the Main Event:
The shared Bringing Multichain Governance to DAOs with zkSync and LayerZero. Multichain governance enables DAOs to govern assets and permissions across EVM chains from one mainnet DAO smart contract. This Aragon OSx plugin leverages the LayerZero protocol for cross-chain messaging and the zkSync Era rollup for low-cost and secure voting. Explore the open-source code here or get in touch for a custom build. Here’s how governance in multichain DAOs works from proposal to execution: Create a custom census with tokens across chains: Create a custom census using governance tokens across multiple chains using LayerZero’s Omnichain Fungible Token (OFT) standard. Cast low-cost votes on zkSync: Once the census has been created, members will be able to vote settling on zkSync at a fraction of the cost. Or, they can vote on the chain they hold their tokens on. Execute the action across chains simultaneously: After the vote, use the Aragon OSx permission management system to execute the action programmed into the proposal on multiple chains simultaneously from your mainnet DAO.
📸 Show Us What You Found:
Ola VictoriaExplore the Core.
Aragon builds flexible and secure tools that enable anyone to launch and manage Decentralized Autonomous Organizations (DAOs) Aragon recently deployed the new modular Aragon OSx protocol and no-code Aragon App on Ethereum and Polygon. Driven by the mission to enable everyone to experiment with governance at the speed of software, Aragon aims to build a hyperstructure for governance. The Aragon Project is governed by Aragon Network Token (ANT) Holders in the Aragon DAO and built by globally distributed teams.
Spot the Main Event:
They recently teamed up with ens.eth to distribute limited edition dao.eth merch
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Overview
Aragon is a decentralized, opensource project that provides tools for creating and managing Decentralized Autonomous Organizations (DAOs). Its mission is to enable anyone to experiment with governance at the speed of software, aiming to build a hyperstructure for governance. Aragon stands out in the crowded cryptocurrency market by offering a comprehensive suite of tools that make decentralized governance accessible and efficient.
Key Features
Aragon OSx Protocol: A modular protocol deployed on Ethereum and Polygon, enabling flexible and secure DAO management. NoCode Aragon App: Allows users to create DAOs without needing to write code, making it accessible to nondevelopers. Multichain Governance: Supports governance across multiple EVM chains from a single mainnet DAO smart contract, leveraging LayerZero protocol for crosschain messaging and zkSync Era rollup for lowcost, secure voting. Aragon Network Token (ANT): Used for governance within the Aragon DAO, allowing token holders to vote on proposals and participate in network decisions.
Use Cases
Decentralized Governance: Organizations can manage their protocols and assets onchain, reducing the need for intermediaries. CrossBorder Collaboration: Facilitates global collaboration without bureaucratic hurdles. Scalable Voting: Combines the security of Layer 1 with the scalability of Layer 2 for efficient voting processes.
Recent Developments
Deployment of Aragon OSx and NoCode App: Recently launched on Ethereum and Polygon. Partnership with ENS: Teamed up with ENS to distribute limited edition dao.eth merchandise. Multichain Governance: Introduced a new plugin for multichain governance, enhancing crosschain capabilities. Community Engagement: Active discussions and updates on various platforms, including Twitter and Telegram.
Market Impact
Increased Adoption: The deployment of Aragon OSx and the nocode app is likely to attract more users, increasing demand for ANT. Enhanced Security and Scalability: The integration of LayerZero and zkSync Era rollup positions Aragon as a secure and scalable solution for DAO governance. Partnerships: Collaborations like the one with ENS can boost visibility and credibility, potentially driving market interest.
Risks and Opportunities
Risks
Security Concerns: As with any blockchain project, security breaches could pose significant risks. Technical Challenges: Implementing and maintaining multichain governance can be complex and may face unforeseen issues.
Opportunities
Growing DAO Market: As interest in DAOs continues to rise, Aragon's comprehensive toolset positions it well to capture market share. Innovation in Governance: Aragon's focus on flexible and scalable governance solutions offers unique opportunities for innovation and adoption.
Community Engagement
Active Community: Regular updates and active discussions on platforms like Twitter and Telegram. Global Teams: Built by globally distributed teams, ensuring diverse input and continuous development. Governance Participation: ANT holders actively participate in governance, fostering a strong sense of community and ownership.
Conclusion
Aragon presents a compelling investment opportunity with its innovative approach to decentralized governance. The recent deployment of Aragon OSx and the nocode app, along with strategic partnerships, enhances its market position. However, traders should consider potential risks such as security and technical challenges. Overall, Aragon's strong community engagement and continuous innovation make it a project worth watching for future growth.
Considerations for Traders: Monitor Community Activity: Active engagement can be a good indicator of project health. Stay Updated on Developments: Keep an eye on new features and partnerships that could impact market dynamics. Evaluate Security Measures: Ensure the project's security protocols are robust to mitigate potential risks.
This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.