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Aeron (ARN) Takes Flight: Up Over 50% on the Day

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Aeron (ARN) caught air on some good news this weekend, soaring over 50% in a 24 hour period. Achieving a price of nearly US $.64 at its peak, this little-known altcoin led the fleet of cryptocurrencies available on Binance, showing the highest positive 24-hour percentage change on October 6th.

Ranking in at number 404 on coinmarketcap.com, you can forgive yourself for not knowing much (or anything) about this platform for improving flight safety. If you happen to be one of their lucky hodlers, however, you are likely flying high on the news of your investment finally getting off the ground.

With a circulating supply of 13 million coins, and a total market cap of US $7.7 Million, Aeron (ARN) shows a total trading volume of nearly US$17 Million in the past 24 hour period.

But what is Aeron (ARN)?

Quite simply, Aeron (ARN) is blockchain for aviation safety. While flying is generally considered among the safest ways to travel, there are still over 3,000 accidents in the industry each year, putting countless numbers of lives at risk.

Over 2 Million people fly each day on over 100,000 flights globally. Whether for business or pleasure, flying has become an indispensable mode of travel for the world’s population. The need for increased safety is paramount to the industry. And Aeron believes it has a solution to the largest factor creating in-flight accidents.

Flight records have historically been manipulated for various reasons. Forged logs can give a pilot an illusion of experience, or save maintenance costs on planes and equipment in need of service. This manipulation creates a bigger problem than you may think, and until now, there has been no easy remedy to this long-standing problem.

With Aeron (ARN) and blockchain technology, distortion or forgery of log data along with data loss, are eliminated. Pilots, maintenance organizations and fixed base operators can log their verifiable information onto blockchain. Transparent information is easily communicated to authorities and safety is improved.

So what caused the dramatic rise in price?

An important roadmap milestone was reached over the past day(s) involving Aeron’s (ARN) Aviation Authority portal development. After intensive discussions with aviation authorities in the European Union, electronic logbooks were established as a recognized tool for the industry. While paper logs are still deemed necessary, EASA/FAA compliant blockchain log entries as published by the Aeron (ARN) team were well received and found complete.

As a result of these discussions, the Aviation Authority portal (a company effort to balance privacy with permission access to flight records) is now under development. This important milestone marks another achievement of the Aeron (ARN) team, in line with the company’s ambitious roadmap.

The Sky is the limit.

Aeron (ARN) can be found on a number of exchanges, including Binance, Gate.io, KuCoin, and others. The ARN token is supported by an equal number of multi-asset wallets. You can join their communities on Twitter, Reddit, Telegraph, Facebook and more.

With confidence renewed, Aeron (ARN) has found the lift necessary to get their little plane off the ground. And with fair skies projected for the remainder of the flight, investors are free to unfasten their belts and roam around the cabin. While investors should take note of their exits and mind the instructions offered preflight by the steward/stewardess, the view from the little windows on this airborne altcoin must be spectacular from these heights… and the sky, as they say, is the limit.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Altcoins

Is Ethereum Still Searching For Its Bottom?

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The crypto space has mostly been seeing drops in value during the last 30 days, and it was clear that the bear market of 2018 still has enough energy to cause further damage in this year as well. Most coins occasionally felt a slight growth, although it was not big enough to spark a real rally and shake off the bears.

When it comes to Ethereum, the coin has been dropping continuously since January 10th. ETH experienced high volatility ever since it broke down a $180 support on November 14th, 2018. A small rally starting on December 15th started taking ETH back up, although the highest it managed to reach since then was $159.58 on January 6th, 2019. Since then, the coin’s price entered another free fall, although it never dropped below $100 since then.

The coin seemingly found some stability in the final days of January, when it was trading at around $119, although another drop followed in the first days of February, and Ethereum nearly dropped to $100 on February 6th.

Chart courtesy of TradingView

However, February 8th brought a new surge which affected the entire crypto market, bringing the coin’s price back to $144.15, which is its price according to TradingView at the time of writing. The new surge exceeded 11% in the…

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Altcoins

Last Week’s Top 3 Most Significant Crypto Events

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The crypto space never sleeps, and there is always something going on. Every day, there is some interesting event worth mentioning, some of which may even have significant consequences on the entire crypto space. With that in mind, here are the top three crypto events related to the crypto space that occurred in the previous week, and which may have impacted the world of digital currencies in one way or another.

1) A crypto Whale moves a large portion of XRP

Many have probably already heard the term “Crypto Whale,” as it is quite common to find discussions mentioning them and their activities. The term is a name used for coin holders which tend to buy, sell, or move massive amounts of digital currencies. These are usually professional investors with large funding who can impact the crypto market in any way they please, and make the prices rise or fall depending on their calculated business decisions.

They are called Whales because of the large amounts they move, which usually have a pretty big impact on the market. And, since they are so influential, there are many in the crypto space that have made it their mission to follow the activities of known Whales, and base their business decisions regarding the Whales’ movement.

One example is the Twitter account known as Whale Alert, which has around 50,000 followers. This…

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Altcoins

TRON Ecosystem New Addition — CryptoDungeons

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CryptoDungeons
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According to the recent Medium post published by TRON Arcade, a blockchain-based RPG called CryptoDungeons is to become the latest hit on the TRON blockchain.

The announcement was published on February 8th, and it states that the CryptoDungeons TRON game is still in development. However, the team is preparing to announce a presale soon, meaning that the official launch is not far away.

About CryptoDungeons

CryptoDungeons was originally developed to be a part of Ethereum’s network. However, the team has decided to bring it to TRON instead. Soon enough, the fans of the game will be able to experience its story, universe, and characters on TRON blockchain.

The game is centered around Heroes who can be bought and used for exploring dungeons, crafting various items, gathering food, and alike. The game also offers five races for players to choose from — Humans, Elves Dwarves, Orcs, and Angels. Additionally, there will also be four classes, including Warriors, Mages, Rogues, and Priests. Each class will have its own unique abilities, with the Warrior class being presented as an example. The abilities that this class features include Strike, Heavy Strike, Shield Wall, Shield Slam,…

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