The Aeron Token was built on Ethereum and sold during an ICO in late 2017. ARN has since migrated to Binance Chain as a BEP2 token.
Aeron is described as “Blockchain for Aviation Safety.” The goal is to leverage blockchain to log data, tracking things like aircraft maintenance and pilot logs. It’s intended to fight fraudulent reports and incorrect logs. In other words, the point of the project is to enhance aviation safety.
The free Aeron Pilot mobile app is available on the IOS app store, the Google Play store, and the Samsung Galaxy Store. Pilots are encouraged to use the app to log data on the blockchain.
Crypto Bonus Miles (CBM) is on Binance Chain, this is a sub-project of Aeron.
The Current ARN Market
The current price of an Aeron token is $0.125514. This is down 0.3% from 24 hours ago.
The price of ARN, based in Bitcoin, is 0.00001447 BTC. This is down 0.20% from 24 hours ago.
The current price of ARN, based in Ether, is 0.00074706 ETH, down 1.79% in the last 24 hours.
Aeron is ranked as the 605th largest crypto, in terms of market capitalization. The market cap of Aeron is $2,508,768.
The 24-hour trade volume for Aeron is $2,937,414. Aeron is available on exchanges like Binance, Exrates, Bilaxy, and Switchain.
2019 was seeing price growth until the beginning of June. Starting in June 2019, ARN started decreasing steadily and even hit a new all time low.
The highest price in the last 52 weeks was $0.627819 and the lowest was $0.116414. that’s a 439.3% price difference.
The All-Time-High (ATH) price of Aeron is $9.76, which occurred in January 2018. The current price is down 98.7% from the ATH.
The All-Time-Low (ATL) price of ARN occurred on January 10th, 2020; it dropped to $0.116414. If you had bought during the ATL, you would be up 7.8%.
If you bought ARN during the ICO, you would currently be down about 74%.
ARN Price Prediction 2020
Let’s look at some of the price predictions/forecasts for 2020.
The Aeron Price forecast on CoinSwitch is bullish in nature. They mention the fact that the aviation industry is expected to grow in the coming years and that Aeron could capitalize on its growth.
They predict that ARN will reach $1.432 in January 2021. CoinSwitch also claims it will reach $3.653 in 3 years and $5.045 in 5 years.
They claim that ARN could “encounter the competition from Bitcoin.”
CoinPredictor does not give a favorable prediction for the price of ARN in the short term. They predict it will drop to $0.000001 by January 30, 2020. The end of February will see the same price of $0.000001.
They say it could reach $30 in the next couple of years. They say the project isn’t likely to be abandoned.
According to Wallet Investor, ARN will reach $0.012122 in the first week of February.
By the end of April, ARN will drop 94.3353%. The price of ARN at this time will be $0.0071375.
By the end of July, the price will have dropped to $0.005695.
The year of 2020 will close at $0.00415.
ARN will be worth $0.011122 by the last week of January 2021.
Wallet Investor is not optimistic long term. They predict an Aeron token to be valued at $0.000978 in 5 years.
The beginning of February will see ARN priced at $0.155381. It will be $0.166165 at the beginning of March.
The start of July will see a price of $0.1999999; the end of July could see $0.207139.
The average price for December will be $0.239189.
2020 will see an ARN price of at least $0.223996 USD.
ARN could be worth up to $1 after 7 years.
ARN will reach $0.16 before the end of January and $0.19 before the end of February. ARN will touch $0.22 before the start of April. It will continue to climb, reaching $0.28 in May.
You can see that there is some variation among the existing price predictions. 2019 was a negative year for the ARN cryptocurrency in terms of price. It could rebound or continue to fall.
If bulls make ground in the market, ARN could reach $0.94. If a full bull market kicks off, it could even go as high as $1.8189.
If ARN continues to fall, it could reach a new ATL. Perhaps $0.05 or even lower.
Price predictions should not be used to guide investment.
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