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Why Aragon's Cryptocurrency Is Soaring Today


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.

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Source Fool.com

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