Aeternity Price Analysis: Not All Doom and Gloom - December 14, 2018

The price of Aeternity (Ticker symbol: AE) hit a high of $5.00 (0.00050797 BTC) at a 24 hour trading volume of $43,217,000 on May 5th, 2018. The picture looks much different today and predominantly on the back of Crypto Winter - a slump in crypto prices experienced across the board. At the time of writing (December 14th), the AE price of $0.363470 (0.00010949 BTC) at a 24 hour trading volume of $3,375,236 - doesn’t seem to be a fair gauge of the hard work the dev team of Aeternity is putting in and the progress made this far. They have more on the table than ever before in terms of the fundamentals, yet the price doesn’t reflect this. So let’s have a look at the AE price graph and see if we can throw them a bone or two - as I can see from glancing at the graph, that despite the price of AE taking a huge knock, it is certainly not all doom and gloom. I will explain why.

Falling Price, Lower Volumes vs Rising Price, Higher Volumes

Nothing is set in stone here, but it seems in general that trading volume tends to pick up when the price of Aeternity rises and tends to go lower as the price declines. See the example below:

Current Price - 2018 (Dec 14th,2018) - $0.363470 - Trading Volume (24h) - $3,375,236

Highest Price - 2018 (May 5th, 2018) - $5.00 - Trading Volume (24h) - $43,217,000

Lowest Price - 2017 (Oct 28, 2017) - $0.221309 - Trading Volume (24h) - $463,926

Highest Price - 2017 (June 18, 2017) - $3.75 - Trading Volume (24h) - $14,980

The above is a good sign that selling has not and isn’t happening in a rushed or panicked fashion. If anything, given that trading volume is a good indication of trading activity, it seems that the majority of AE supporters are hodling and not offloading in mass.

The trading volume of $14,980 on June 18th, 2017 was probably low on the back of it still being early days for Aeternity - and most Aternity supporters probably had their filling at lower prices at that stage. It was also relatively early into the crypto bull market of 2017 that started around March/April.

In short: Lower trading volume, a sign that liquidity is drying up, is not good for true price discovery. Any price that surfaces as a result of lower liquidity provides at best a fuzzy picture of the true state of affairs. It is no different when it comes to true price discovery in terms of Aeternity that suffers as a result of lower liquidity.

Less and Less BTC needed to Buy Aeternity (AE)

It seems that less and less Bitcoin (BTC) is needed to buy the same quantity of AE tokens as was previously the case. This means that AE is declining faster in price relative to the price of BTC. This can be both bad and good. It is bad in terms of its underperformance relative to BTC (or being highly sensitive to a decline in BTC prices). It is good in terms of the greater discount that can be enjoyed by those who choose to buy AE tokens - as you can get more AE tokens or bang for your buck than what was previously the case. Will it be the same a day, a week or a month from now?

Buy Aeternity Debit Card / Credit Card

I am not aware of an option to buy AE tokens directly with a debit card / credit card, but there are options to purchase it indirectly with a debit card / credit card. I see it is listed on various markets, including well-known ones such as Binance, LATOKEN and HADAX. However, the biggest volume or trading activity in terms of Aeternity seems to go down at lesser known exchanges - Gate.io and DragonEX. See our Gate.io exchange review and DragonEX exchange review for further information about these two exchanges

Buy Aeternity UK

As a UK resident, you have the choice to buy Aeternity indirectly with a debit / credit card by following these steps:

• Buy BTC with a debit / credit card via CEX.io


• Exchange BTC for ETH/USDT at the exchange of your choice


• Send ETH to DragonEX / USDT to Gate.io - highest liquidity


• Buy AE with ETH/USDT

Buy Aeternity US

US residents have the choice to buy Aeternity indirectly with debit / credit cards by following these steps:

• Buy ETH with a debit / credit card via Coinbase


• If you wish to buy AE via Gate.io - exchange ETH for USDT at the exchange of your choice


• Send ETH to DragonEX / USDT to Gate.io - highest liquidity


• Buy AE with ETH/USDT

Buy Aeternity Canada

As a Canadian resident, you have the choice to buy Aeternity indirectly with a debit / credit card by following these steps:

• Buy BTC via Austrian-based VirWox (buy SLL and exchange for BTC)


• Exchange BTC for ETH/USDT at the exchange of your choice


• Send ETH to DragonEX / USDT to Gate.io


• Buy AE with ETH/USDT