1 Level
5 Review
1 Karma
Review on Aeternity by Calvin Warriner
AE Price Analysis Aeternity's token has its ups and downs during last week…
AE Price Analysis
Aeternity's token has its ups and downs during last week, with a notable spike, as well as fall. At the end of May, the price remained relatively stable, fluctuating slightly around $3.15 with only few cents of differences. Then out of a sudden, AE token jumped rapidly from $3.10 to as much as $3.65 and stayed at that region for three days. On June 4th it dropped back to its previous $3 region, only to prepare for a ride that took place in last two days. AE managed to get above $3.90. The daily trading volume is around $30,000,000, which is twice more than at the end of May. The 24h price change was very positive, as AE managed to get +13.77%.
Pros
- What is Aeternity Aeternity wants to create the technology for decentralized applications to be built upon. It may be compared to Ethereum, however they wanted to improve the sole idea and technology proposed by that project. Aeternity wants to solve problems of scalability, security and being more economical and user-friendly when it comes to accessing the smart contracts on the network. They want to achieve this by moving the contracts off-chain. Their 3 main ideas are State Channels, Consensus mechanism and Decentralized Oracles.
Cons
- Mainnet launch preparation Aeternity wants to improve the sole blockchain technology as a whole, contributing to the "blockchain 3.0" idea. They have recently revealed that they are going to launch Aeternity Starfleet, which is a series of incubator and accelerator programs that will support the blockchain system. Moreover, The process also involves building a chain of investors, innovators and industry enthusiasts. Yanislov Mahalov, the founder of Aeternity expressed his excitement, as their technology has a chance to impact worldwide adoption of blockchain technology. He said that the launch is: "the culmination of months of extensive research and preparation and underlines our commitment to be the enablers of innovation, strengthening the already thriving blockchain community worldwide." The developers decided to implement Bitcoin-NG into the Aeternity protocol. The decision was taken with the consideration of scalability. There are no official deadlines and launch dates yet, however the community speculate that it is likely to be around August-September. Aeternity listed on new exchanges It seems that current focus of the team apart from developing and preparing for the mainnet launch is also making sure that AE is listed on many exchanges when they fully launch their platform. Recently, AE was listed on two major exchanges in one day. The token was added to OKEx and Bithumb. While only a week ago, it was listed on Kyber Network as well.
