The past week was dramatic for Aeternity (AE), starting with a 100% appreciation within days. Now, AE has settled at $4.73, with the $5 levels still in question. AE has yet to recover the peak Bitcoin prices achieved right after the ICO went live on exchanges, but there is a robust trend of BTC appreciation.
Aeternity is a relatively unknown digital asset, making its presence felt on Binance as May started off with a bull market for the new crop of coins and tokens.
!Aeternity!
The Aeternity project tackles one of the more difficult tasks in the crypto space - connecting smart contracts with meaningful real-world data. For now, smart contracts are used mostly as utilities within the crypto ecosystem, for limited tasks of distributing tokens. But payments triggered by real-world events are still being worked on.
Aeternity is building a complete ecosystem of oracles, or technologies that allow data to interact with smart contracts. Additionally, there is a layer for off-chain smart contract triggering, which then may move onto the blockchain for a risk-free handling of sensitive data states.
But the Aeternity project remains relatively unknown, and for now, the token is in the speculative trading stage, still discovering a price. Fluctuations are not out of the question.
https://twitter.com/aeternity/status/992041124498952193
The project team is still making the rounds at international events, popularizing the concept of the project.
Aeternity may be one more project that has been overlooked until now. But the price doubling has already happened, and now there is no certainty the asset will claim higher prices. With a circulating supply of 233 million tokens, AE is middle of the range when it comes to scarcity.
But AE has also surpassed the milestone of $1 billion market capitalization, making it another token to watch.
This article appeared first on Cryptovest
