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Aeon (AEON) Analysis

Market Cap

$7,282,480 USD

Volume (24h)

$23,640 USD

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4.7
SAFETY

Ranking factors:

  • Markets

    How many exchanges are there to trade this coin?

    Aeon Markets Rank: 1/100

  • Volume Ratio

    How actively is this asset being traded on the market?

    Aeon Volume Ratio Rank: 1/100

  • Market Cap

    The total cost of all coins available.

    Aeon Market Cap Rank: 89/100

  • 24h Change

    Is the price moving up or down?

    Aeon 24h Change Rank: 72/100

  • Social Following

    How many users are following this coin?

    Aeon Social Following Rank: 88/100

  • Google Trends

    How many users are searching for the coin?

    Aeon Google Trends Rank: 45/100

  • Twitter Citation

    How many users are talking about this coin in Twitter?

    Aeon Twitter Citation Rank: 30/100

  • User Voting

    How popular is this coin among Cointobuy community?

    Aeon User Voting Rank: 90/100

Aeon investment analysis

This cryptocurrency is a decentralized payment coin that utilized ring signatures in order to provide private transactions to their users. While they have a confusing attribution about being a currency-focused on allowing people to participate no matter which device they own, they don't seem to have many wallet options available. This includes not having anything available for mobile users or anyone on an Apple operating system.

If you are interested in mining, then this is an ASIC resistant coin, and they have recently forked to prevent the difficulty from spiking outside the reach of the everyday miner.

However, the benefits seem to end there, and there's little reason for anyone to use this currency over a more widely adopted coin such as Bitcoin or Monero. If you plan to make an Aeon investment, then you should be aware that the chances of this coin gaining much in adoption is slim.

Aeon investment price
$0.460001
Aeon expected Profit

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.

+89%
Aeon Potential Price

The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.

$0.86963
Aeon Rating

The current coin position in cryptocurrency rankings by Safety Rank and Potential Profit.

48/2449
by Safety
1185/2449
by Profit
historical data

How to buy Aeon?

The list of exchanges where you can buy Aeon is very thin. While they do have at least one big exchange partner, the trading volume leaves much to be desired here and investors should be careful. Low trading volume can be a sign of a project slowly dying, and if it can make it hard to get rid of your assets if the volume is not up to snuff. Bitcoin is your only option for facilitating a trade here, and you should be able to make a trade without issues.

In order to store your investment, you'll need to download the correct wallet from the official website. The coin's team has created installation options for both Windows and Linux desktop users, however, there does not seem to be a way for Mac users to store their coins. If you are on an Apple distributed operating system, then you'll need to find an emulator of some kind if you're interested in making an investment here.

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Is it safe to invest in AEON now?

The Aeon analysis shows some decent numbers for this asset, but their dropping trading volume is troubling. The biggest problem that this particular currency has is that there's no real use case for it. As far as privacy coins go, there are better options, and while they claim to be friendly to all devices, they seem to lack anyway for them to really utilize it.

They also don't really have any features that would inspire anyone to use this particular coin over another existing option. This is a problem, and unless the team can address this in some way, then it's likely that the value will continue to fall. These days it's not enough to just be a cryptocurrency, a project without a solid use case will not thrive in the currency ecosystem.

If you invest in AEON, then you should realize that while the development team does make frequent updates here, that their efforts may be in vain. The only real users of this coin are likely miners who are looking to find something with a low difficulty which they can produce a lot of.

Unfortunately, these same users will immediately dump the newly minted coins on to exchanges, trading them for a bigger name currency, and this is a problem for anyone looking to invest any money here. There's no way for the coins to grow in value this way.

In closing, while the team is dedicated and they have acquired a small group of loyal followers, there's just not enough here to make this investment very worthwhile. Their use case is non-existent, and there's no reason for anyone to utilize this coin over any other of the much easier to use options which actually have merchants that accept them.

Much of the social media surrounding this project is quiet, and it is unlikely that they will be able to attract new investors or much-needed capital with the current state of the project. While it is possible that their strategy could change, investors should not sit around waiting for a fork or improvements that could never happen. The odds are pretty slim here. That is unless you're interested in owning an ASIC resistant asset that's friendly to miners.

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