Why Is Aurora Chain (AOA) Up By More Than 12 Percent? - Aurora Chain News, Price Analysis. Sunday, September 16
Aurora (AOA) Cryptocurrency News
AOA Up By More Than 12 Percent
The past weeks have been a real rollercoaster for investors and cryptocurrency traders. Top coins have noted incredible losses, however they seem to be slowly recovering right now. BTC was first hit on September 5th when it fell from $7350 down to $6405. It remained there for a few days just to fall once again, this time reaching the bottom around $6200. The whole cryptocurrency market was shaken and ETH token hasn't seen such lows for over a year.
It is therefore very interesting to see any cryptocurrency increase in price that significantly in this kind of bearish market. Such gains are often connected with price manipulations or simple pump and dump strategies.
AOA/USD Price Chart, Sunday September 16th:
Why Is Aurora Coin Increasing In Value?
Aurora Cryptocurrency has been steadily increasing this week, starting at $0.00864 on September 12th and increasing in value each day, leading to the $0.022655 on September 16th. In these four days, the AOA holder could literally double his investment.
The trading volume has also been steadily increasing from $300,000 to more than $700,000 of daily transactions. Making it less plausible to be a pump and dump scheme, however this should always be taken into the consideration with any altcoin. It is also worth noting that the current price ranges are not all time highs for AOA, as only last month the coin was trading easily above $0.04.
The price increase could be a build up to the second stage of mainnet launch that has just been announced during the event in Hong Kong, which took place on July 14th. "Chaining Around the World·Blockchain Global Tour Summit 2018" was sponsored by Aurorachain and co-organized by Sanyan Blockchain and Bianews.
What is Aurora (AOA)
Aurora wants to revolutionize the smart contracts market by applying DPOS and BFT consensus mechanisms. This will enable to provide "lightning-fast" contracts and easily link industries such as the gaming one, big data with AI and IoT solutions.
"Aurora offers unique intelligent application isolation, enabling multi-chain parallel expansion and an unlimited increase of TPS with guaranteed security."
Main features include things such as the mentioned DPOS+BFT consensus mechanisms, P2P Stereo-net, Intelligent Isolation of Applications, Multi-asset Launching, Multi-chain Parallel Operation and Upgradable Blockchain or Cluster Grouping.
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