Enterprise blockchain solutions have been attracting mainstream attention, and Aergo is the latest to see a huge uptick in trading volume
As speculative crypto tokens take a backseat thanks to bearish sentiment and a struggling market, projects with concrete use cases and proven real-world applications are performing well. Korean blockchain solution Aergo is one such project, and has enjoyed a 175% price increase this week.
Boasting an equally impressive 90% surge in the last 24 hours, Aergo is possibly the hottest investment in the crypto market today. In this article, we’ll show you how and where to get your hands on Aergo to avoid missing out on further gains as the price climbs ever more steeply.
How & where to buy Aergo in the UK and elsewhere
Aergo can be purchased with many of the major exchanges and brokers on the market, which means procuring AERGO tokens should be a painless process. Select one of our recommended crypto brokers and exchanges below, sign up for a free account, and you can start trading as soon as you deposit funds.
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What is Aergo?
Aergo is a Korean blockchain built from the ground up for enterprise use. Engineered by Blocko, a blockchain solutions firm backed by electronics giant Samsung, Aergo is designed to streamline multinational corporations’ business operations, improving efficiency and cutting costs.
Aergo has an extremely impressive clientele: the likes of POSCO, the Korea Stock Exchange, and even motoring titans Hyundai. Korean credit card company Lotte Card also use Aergo, and reported 90% efficiency gains in some applications.
Should I buy Aergo today?
Aergo is undergoing exciting fundamental changes right now, including multiple updates to the blockchain and rumours that the chain will be used in the rollout of vaccine passports. This presents a great opportunity to “buy the rumour, sell the news”.
In technical terms, the Aergo price has been increasing steadily over the last week, climbing more and more steeply. The price is almost increasing vertically, meaning that if investors act now, they could potentially still capture the most dramatic price moves to the upside.
AERGO price prediction
AERGO is trading at $0.2438 at the time of writing. Its current price action very closely resembles that which occurred prior to Aergo’s two previous all-time highs (ATHs). History often repeats itself in the crypto markets, so if Aergo’s vertical price move continues, the price could very easily move to the ATH of around $0.48.
If the crypto bull market were to resume in full, new targets would need to be set above this previous ATH. The Fibonacci level at $0.70 would be the next major resistance, in all likelihood.