Aeternity Price Prediction and Analysis: AE +13% in 24h. Listing on new exchanges! Prepartion for mainnet launch. Thursday, June 7
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.
Important Aeternity News
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.
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%.
AE/USD Price Chart, Thursday June 7th:
To search for all time highs of the token, one doesn't have to look too far back in time, as AE was trading for the most only in April, two months ago. The price then exceeded $5 and would probably go even further if Bitcoin hadn't brought the whole market down.
At the current stage, the price may be heavily affected by the upcoming mainnet launch that we don't know the date for yet. However, it is expected to be somewhere in next months, therefore if they succeed to deliver good working technology the price may easily exceed $5 and get to the $15 region like EOS is trading for right now for example.
Looking at the long term, many people and especially the community believe that Aeternity found ways to become better than Ethereum, however before it would even be able to try to compete with ETH, we need to see how their mainnet launch and decentralized application solutions work. If the technology itself turns out to be good, one can expect a price around $100 range.
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