Why Aragon (ANT) Is Rallying to New All-Time Highs Despite Bitcoin and Altcoin Market Selloff

At the time of writing, Aragon has retraced slightly to $10.07 while still up by 50.63% in the last 24 hours and 61.61% weekly.

The last year 2020, Coinbase announced that it was exploring support for more crypto assets in its trading platform. Aragon (ANT) was one of the ten coins still awaiting review, other coins in this category are Arweave (AR), DigiByte (DGB), Horizon (ZEN), Livepeer (LPT), KEEP Network (KEEP), Origin Protocol (OGN), Render Token (RNDR), Siacoin (SC) and VeChain (VET).

Fast forward to this year in January, Aragon announced a merger with the Vocdoni protocol, a blockchain voting and governance solution provider.

Why Aragon is rallying? ANT broke out of a bottoming construction at a key support level against Bitcoin. A Twitter analyst stated ‘Aragon nice bottoming formation $ANT/$BTC, Plenty of room to Move’.

ANT/BTC Daily Chart

Image Credit: Shutterstock

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