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AirToken (AIR) – Extremely Undervalued Long-Term Investment

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I have the opportunity to research many altcoins on a daily basis. While reading through altcoin websites and whitepapers, it sometimes gets overwhelming. The reason is that a lot of altcoins are doing amazing things with their technology, but it is hard to understand what exactly they are trying to accomplish and how the token integrates with their product.

AirToken has been a breath of fresh air. I am always looking for companies that are solving a real need and utilizing their token in a way that is integral to the ecosystem of the company, and not just an afterthought to raise money.

AirToken, which was founded by a former Google employee, provides mobile access to the underserved. It is based on the assumption that the cost of mobile data and internet access is too high for some to afford. So, how does it work?

Users earn free AirTokens by using the AirFox browser. AirTokens are earned and redeemed for data on pre-paid plans. Reaching those that are currently using pre-paid plans will lower their cost with redeemable tokens. A user simply watches advertisements from the free Android app as well as the AirFox browser. The user earns free AIR tokens and will be eligible for micro-loans based on the proprietary AirToken scoring system.

Let’s look at the current state of AirToken:

Following the AirToken ICO, you can see that it had a couple of spikes but has since leveled out. The current price of AirToken will change very quickly after a couple of things happen. First, AirToken will need to get listed on a major exchange, and this will immediately increase liquidity and volume. From what I understand, this is supposed to happen as soon as next month. Second, AirToken releases Phase 2, which allows users to recharge their pre-paid mobile cards as well as obtain physical goods by redeeming AirTokens (AIR). Hitting this milestone in the first quarter of 2018 will accelerate growth by attracting more companies to participate in the AirToken advertising and micro-loan program.

Companies like AirToken that are solving real-world problems are pioneers in the blockchain and cryptocurrency space. A lot of the altcoins will come and go. Some will never deliver a product, while others will just take the ICO cash and run. I believe AirToken is here for the long-term. AirToken is easy to understand and is helping a large part of the population that may otherwise be forgotten. When I  look for altcoins to invest in, the most important financial factor for me is the market cap. You can see that the market cap is currently only $5.5 million putting AirToken in 305th among the list of other tokens at the time of this writing. In my professional opinion, once AirToken hits its first major exchange, the market cap will easily rise to $20 million, a 4x ROI (Return on Investment). While I believe AirToken will rise much higher in the long-term, this is a conservative, realistic view of the short-term growth of this token.

Disclaimer: The analyst does not currently own AIR tokens but after researching may put some cash in for a long-term hold.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 53 rated postsKent Hamilton - Co-Founder of CryptoDayTrader.io, where we are building Pro Crypto Tools




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10 Comments

10 Comments

  1. rchive

    November 20, 2017 at 6:36 am

    I was going to pull the trigger on this but then decided to do some additional research. Not sure if this is legit but makes for an interesting read … I’m holding off for now:

    https://financefeeds.com/fool-money-soon-parted-george-popescu-14-million-ico-lost-investors-7-million/

    • drumdibum

      November 20, 2017 at 4:03 pm

      thanks for this rchive, would be intereted in a commetn on this from the author.

  2. Kent Hamilton

    November 20, 2017 at 4:20 pm

    First of all, I dont see George as an advisor on the company website at all: https://www.airtoken.com

    Second, even if he were you can’t judge an entire company based on the actions of one person that may or may not have had issues in the past. I still stand by my analysis and do believe this is a greatly undervalued company.

  3. pugdog

    November 21, 2017 at 7:41 pm

    This article was deleted. This is the web archive: https://webcache.googleusercontent.com/search?q=cache%3Ahttps%3A%2F%2Fmedium.com%2F%40AirFox%2Fairfox-on-boards-ceo-of-lampix-george-popescu-as-formal-advisor-97ca807ee844

    they maybe realized he isn’t a good guy and cut ties with him.

  4. Kent Hamilton

    November 21, 2017 at 7:52 pm

    Why not ask AirToken what happened? Might be better than posting info about an advisor that is no longer a part of their company.

    • rchive

      November 22, 2017 at 1:25 am

      Kent you shouldn’t take comments as negative even if they raise doubts. Any site that gets people commenting is doing something right. It would be great if Hacked could say that they’ve got the clout to go talk to AirToken and find stuff out, that would be pretty amazing.

      • Kent Hamilton

        November 22, 2017 at 1:41 am

        You are right. I did reach out to AirToken. They stated that George had some legal issues. As soon as they learned of his legal troubles he was immediately removed as an advisor as well as from the website. I didn’t want a screenshot of George being an advisor spreading negative one sided info. AirToken did the right thing by removing him and he is no longer associated with them.

        • rchive

          November 22, 2017 at 11:58 am

          Interesting! Thanks for the update

        • pugdog

          November 22, 2017 at 11:59 pm

          turns out my assumptions were correct. they realized he was no good and let him go. Nothing wrong with doing some due diligence and getting to the bottom of things. Personally I like the sound of AirToken, thank you for the recommendation.

  5. sfjeelani

    November 24, 2017 at 12:52 am

    I have recently joined Hacked.com, just trying to establish is it still a good buy? Market cap is 12.2 mil and current price is $0.011678 (3.10%)

    When you say long term? what time frame we are looking into.

    Thanks

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Altcoins

Bitcoin Cash Price Analysis: BCH/USD Hard Flops as Price Moves Within the Abyss

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  • Bitcoin Cash price falls into uncharted territory, struggling to find a bottom.
  • Weekly chart still points to further downside, RSI not within oversold territory as of yet.

The Bitcoin Cash price remains heavily on the back foot, the standout under-performer across the major altcoins. BCH/USD is currently running at three consecutive sessions of losses. The streak could have been much longer, however the price was given a breather ahead of a pick up in downside intensity. In the past two weeks, BCH/USD has dropped over 60%.

As covered in an article earlier in the month, BCH/USD failed to break down a key area of supply. This was seen within the $650 territory; the price had faltered here in early September. It was forced back down to the south, to then retreat at some neckline support, $410.

BCH/USD daily chart

The most recent occurrence within the above-mentioned supply zone was seen between 6-8 November. Heavy sellers piled in, forcing the price initially down to the neckline support, $410. Between the 15-19th November, BCH/USD had breached, retested and consolidated around this area, before a resumption of further bloodshed.

Downside Targets

Looking via the weekly chart, the BCH/USD exchange rate demonstrates that the price is literally falling into the abyss. This fall is very much uncharted territory, so the bears are free to drive this a far south as it needs to be taken. In terms of the RSI, this indicates that there is still some room for this to be driven lower. It has not quite reached oversold territory yet.

BCH/BTC weekly chart

When observing BCH/BTC, at the time of writing the price is testing the previous session’s low. This area is significant as it provided much needed support in October 2017. A break here and close below 0.04775 could be punishing. This again is movement into an unknown realm of price action, so it remains unclear where the bottom will be at this time.

Upside Targets

In terms of upside barriers, given the recent price action, new areas of resistance have been formed. Firstly, around the $370 level, as this was the former acting support during the consolidation between 15-18th November. Furthermore, eyes would then be on a retest of the breached neckline former support, $410. Lastly, should both these areas be conquered again, the supply from $600-650 would be next up.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 60 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Altcoins

Litecoin Price Analysis: One Last Safety Net Ahead of $20 Territory

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  • Litecoin has been further slammed, dropping 35% over the past two weeks of trading.
  • Should near-term demand area of $35-33 fail to hold, it will be very punishing.

The Litecoin price remains firmly on the back foot, one of the standout under-performers in this current bear market, against some of the other major altcoins. LTC/USD has dropped a chunky 35% over the past going on 2 weeks now. Market bears have been pilling in since the big rejection, after trying to escape out of a bearish pennant pattern. This was attempted on 7th November, the upper trend line of the pennant proved to be too tough.

LTC/USD daily chart

Just a few sessions ago, LTC/USD collapsed through the lower support on the above-mentioned pattern. This was seen around the $49 mark, where the bears came pilling through to further crumble Litecoin. The price plummeted through a strong prior acting demand zone. It was tracking from the big psychological $50 area, down to $47 territory. Bulls had propped LTC/USD on occasions in August, September and October, leading the price on to make decent gains from the noted zone.

LTC/USD 4-hour chart

Between 15-18th November, price action did enter a temporary form of consolidation. As mentioned in the previous article , LTC/USD was trading within a range block, which was very much vulnerable to a breakout south, having since proved to be the case. It was eyed also as a bearish flag pattern set up, where sellers took a deep breather, ahead of the continued deep move south. LTC/USD lost over 15% from that consolidation area to current levels.

Key Support

LTC/USD weekly chart

Looking to the downside, eyes are locked in on the price range of $35 down to $33. The LTC/USD pair had consolidated within this area from June to August 2017, before being off on its journey north. In September 2017 this demand area proved required support for the bulls to continue their stampede higher. A failure to hold here will be very punishing to say the least. LTC/USD could be forced back down to $29 territory. The price was last seen here in June 2017.

Upside Barriers

There are now some big challenges ahead for LTC/USD, if it wants to return to heightened levels. During this bear market observed throughout this year, price action has formed new areas of resistance. It has all been uncharted territory, and unlike the 2017 bull run, there will be barriers that need to be broken for greater upside. The gains seen last year were not too challenging to achieve, as there was no history there for the bulls to deal with.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 60 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Altcoins

Crypto Market Cap Plummets $42 Billion Over Six Days as Bitcoin Targets $5,000

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A staggering selloff in the cryptocurrency market over the past six days has investors searching for an elusive bottom on major assets like bitcoin, bitcoin cash and Ethereum. However, the breakdown of key technical levels, combined with the complete disregard for fundamentals, suggest the bottoming process has not yet concluded.

Crypto Selloff Deepens

The combined value all coins in circulation broke below $169 billion on Monday for the first time since October 2017. The selloff broke the floor wide open on last week’s bottom of $175 billion, setting the stage for a deeper correction in the short-term.

Trading volumes across major exchanges rose over the 24-hour cycle to reach a high of $17 billion, according to CoinMarketCap. In terms of adjusted volumes, Binance was the largest cryptocurrency exchange with daily turnover of $1 billion. OKEx processed $939 million worth of transactions, based on latest available data. Both exchanges saw their daily turnover jump more than 67%. Bitfinex experienced the most dramatic upsurge in volume, as turnover spiked 243% to $503.6 million.

OKEx was in the spotlight for all the wrong reasons Monday, as users lashed out against the exchange for prematurely closing open positions on bitcoin cash futures contracts. The closing of the contracts on Nov. 14 occurred without warning, leading to sizable losses across its userbase. The decision to force early settlement reflected ongoing confusion about how to handle the bitcoin cash hard fork.

Kraken has already credited bitcoin SV tokens to existing BCH holders but has warned of extreme risks of trading the new coin. In a Sunday blog post, the exchange described a number of “red flags” associated with SV, including a lack of wallets to support replay protection and “temporarily constrained” supply. It’s also likely that a large chunk of BCH SV holders will dump the currency with any notable price increase.

Bitmain founder and ardent ABC backer Jihan Wu has publicly expressed his desire to dump SV as quickly as possible.

“I am wondering when I can deposit my BSV token into exchange to sell,” the billionaire tweeted Saturday.

Battle Over Bitcoin Cash Intensifies

The battle over bitcoin cash has direct implications on bitcoin, the leading digital currency whose market cap has plunged by nearly $20 billion over the six-day selloff. Craig Steven Wright, one of the main backers of the bitcoin SV chain, has threatened to tank BTC if its miners switch over to bitcoin ABC, which is the main implementation of the BCH hard fork.

Bitcoin is also being influenced by Roger Ver’s decision to divert the entire bitcoin.com mining pool to ABC, a move that angered some users who say they never intended to mine bitcoin cash. The hash war exposes bitcoin cash to security risks as pools associated with bitcoin SV chain mine threaten to mine empty blocks or carry out 51% attacks. According to CCN, several pools and individual miners are likely to take an opportunistic approach via chain surfing, which automatically changes between chains based on block difficulty.

Price Outlook

In the meantime, market observers have set a new price target for bitcoin at $5,000. Based on latest price action, a drop below that level is likely in the short-run as the psychological $5,000 support comes under attack.

As for bitcoin cash, prices hemorrhaged another 8% on Monday to reach a new seven-month low of $352. The fourth-largest cryptocurrency is down a whopping 33% compared with last week – losses that outpaced all major cryptocurrencies in the top-20. BCH risks a further drop to the low $300s and possibly below that threshold should the hash war continue unabated.

Ethereum emerged as one of the biggest losers of the Monday selloff, with declines exceeding 11%. Ether is currently trading hands at $155, the lowest since May 2017.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 670 rated postsSam Bourgi is Chief Editor to Hacked.com, where he leads content development for one of the world's foremost cryptocurrency resources. Over the past eight years Sam has authored more than 10,000 articles and over 40 whitepapers in the fields of labor market economics, emerging technologies, cryptocurrency and traditional finance. Sam's work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Contact: sam@hacked.com Twitter: @hsbourgi




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Hacked.com and its team members have pledged to reject any form of advertisement or sponsorships from 3rd parties. We will always be neutral and we strive towards a fully unbiased view on all topics. Whenever an author has a conflicting interest, that should be clearly stated in the post itself with a disclaimer. If you suspect that one of our team members are biased, please notify me immediately at jonas.borchgrevink(at)hacked.com.

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