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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.

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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.

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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 37 rated postsKent Hamilton - ICO Analyst on Hacked and Founder of CryptoDayTrader.io - ICO Insider Info




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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

Five Ethereum-Based Tokens That Made It Big

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Proponents of Ethereum have long argued that ETH will one day become the world’s largest cryptocurrency. Though the jury is still out on whether ether can leapfrog bitcoin for top spot in the market cap ranking, the protocol has already established itself as the premier building block for the crypto economy.

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Hundreds of cryptocurrency projects have been launched on the Ethereum blockchain. At last check, Ethereum-based tokens accounted for more than 90% of token capitalization.

Amid the hundreds of ICOs launched via ERC-20 or ERC-23, about 50 stand out from the perspective of market capitalization. Among those, six coins have a market cap of $1 billion or greater. That figure that was as high as a dozen during the peak of the crypto bull market.

Below is a breakdown of the five largest Ethereum projects by market cap. Despite their success, these currencies can still be had at a fraction of the cost of ether.

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1. EOS (EOS)

EOS is currently ranked No. 1 among Ethereum projects with a total market cap of nearly $9.9 billion. The cryptocurrency made significant moves last month and eventually reached the fifth spot on the crypto-market ranking. Though the official explanation was tied to a lucrative airdrop and growing optimism over the upcoming eos.ios platform, suspicion of an elaborate pump-and-dump soon materialized.

At its core, EOS provides infrastructure services for the fast-growing and highly-touted decentralized applications market. As deployment of dApps continues to grow, EOS could be poised to reap the benefits.

EOS trading volumes are averaging more than $1.6 billion daily. Its major markets include Bithumb, Huobi, Bitfinex and OKEx.

2. Tron (TRX)

The Tron hype machine, led by founder Justin Sun, has catapulted TRX into a premier cryptocurrency when measured in terms of market cap and overall trade volumes.

Tron’s vision is to develop a blockchain-based content sharing platform to tap into the trillion-dollar digital entertainment industry. Though the project has succeeded in establishing strong partnerships, it has also been accused of plagiarizing content from projects like Filecoin and IPFS.

Justin Sun’s company was in the spotlight again last month when it announced a $2 billion reward pool for its development program.

TRX sees average volumes of around $600 million, with the bulk of activity generated on Upbit, Bithumb and Binance. It has a total market cap of roughly $4.7 billion.

3. VeChain (VEN)

VeChain hasn’t generated the same media storm as an EOS or a Tron but has quietly emerged as a top-20 cryptocurrency with a market cap close to $2 billion. The IOT blockchain is doubling down on technologies such as RFID chips, near-field communication and sensor keys in pursuit of hyper connectivity.

Although IOT has generated a lot of buzzwords in the tech industry, Cisco has described it as the $19 trillion opportunity. The extension of the internet to the real world is occurring at a rapid pace, with the likes of Samsung vowing to embed AI and connectivity in all its appliances by 2020.

As for VeChain, it has already developed strong partnerships with the likes of PwC and DNV GL, a global risk management company.

VEN tokens generate less than $80 million in daily turnover, with LBank and Binance facilitating the vast majority of market orders.

4. Binance Coin (BNB)

If we’re measuring the top ERC projects solely by market cap, then Binance Coin is a top-five coin. In terms of trade volume, it ranks all the way down in eleventh spot.

As the name implies, Binance Coin is the crypto asset issued by the Binance exchange, which is the world’s largest by total trade volume. Launched with a strict limit of 200 million tokens, BNB allows users to pay for trading, exchange and listing fees on the Binance exchange.

Binance recently burned roughly $30 million worth of BNB tokens. Under its repurchase plan, a maximum of 50% of BNB tokens will be burned throughout the coin’s life cycle, leaving only 100 million in circulation.

This article is certainly no plug for Binance, but the exchange’s rapid growth over the past eight months is reflected in the performance of its native currency. BNB was launched last July via initial coin offering. Today, it averages more than $66 million in daily turnover.

5. OmiseGo (OMG)

OmiseGo may not have the same name recognition as the top altcoins, but its fundamentals are among the strongest in the market. The company has made significant inroads in Southeast Asia, including signing a Memorandum of Understanding with a major South Korean credit card company.

These developments are key in light of OmiseGo’s stated objective, which is to boost financial inclusion and interoperability through the blockchain. In other words, it seeks to provide better financial services for people in developing countries who lack traditional banking infrastructure.

As far as the author is aware, OmiseGo is the only crypto asset outside of Ethereum that is backed by Vitalik Buterin. The Ethereum founder serves on the OMG advisory board.

The OMG token is capitalized at roughly $1.1 billion with daily turnover of $45 million. The cryptocurrency is available on several leading exchanges, including Binance, Huobi and OKEx.

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 413 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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Altcoins

The Great Unwind: Cryptocurrency Prices Shed $50 Billion in Market Cap on Wednesday

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Cryptocurrency prices faced a brisk selloff Wednesday, with bitcoin threatening a bearish reversal and altcoins touching their lowest levels in over a month.

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Market Update

The cryptocurrency market touched a low of around $324 billion Wednesday following a $50 billion reversal from the previous day’s high. At press time, the market had recovered at $334.6 billion, according to data provider CoinMarketCap.

Bitcoin touched a low near $7,450, its worst levels  in over a month. According to analyst Omkar Godbole, bitcoin faces a bear market indicator last seen about four years ago – namely, a breakdown of the five-month moving average below the 10-month MA.

Bitcoin was trading at $7,537 at press time.

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Altcoins shed as much as $36 billion on Wednesday. Excluding bitcoin, cryptocurrency values touched a low of $198.8 billion.

Most major altcoins were off their lows by the early evening, though bitcoin cash, Ethereum and EOS had booked losses of at least 9.3%.

Among the top 100 coins by market cap, 0x was the lone gainer on Wednesday, climbing more than 14%. Tether’s USDT stablecoin was little changed.

Trading volumes picked up to around $21 billion from a low near $16 billion earlier in the week. It was abundantly clear last week that the vast majority of cryptocurrency trades were sell orders, a trend that appears to have intensified in recent sessions.

As of Monday, the percentage of cryptocurrency trades ‘in the buy’ was 12.86%, according to TurtleBC. That was the lowest level since early April. At the height of the crypto market rally last month, buy orders accounted for nearly 93% of total market activity.

The Great Unwind

There was no immediate catalyst for the massive price decay on Wednesday, though some have speculated that it represents a broad consolidation following last month’s exorbitant gains.

Others have pointed to uncertainty in South Korea, a market known for being highly speculative, amid controversy surrounding digital currency exchanges Bithumb and Upbit. A new tax policy at Bitfinex may have also rattled investor sentiment.

Crypto bulls are banking on the fact that market fundamentals haven’t changed very much in recent months despite extremely volatile swings in prices. A look at major news sources reveals a more sanguine approach to digital assets compared with two or three months ago.

Coverage of cryptocurrencies has improved after several major institutions announced their intent to enter the market. Though institutional uptake remains weak overall, banks, hedge funds and other institutional players are expanding their presence in the crypto arena.

On Wednesday, Deutsche Boerse confirmed it is “deep at work” in evaluating whether to offer bitcoin futures. The marketplace is currently gauging client interest in crypto products before deciding whether to move forward.

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 413 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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Altcoins

Five Low Market-Cap Altcoins With Huge Potential

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With more than 1,600 altcoins in circulation, finding the appropriate balance between risk and reward isn’t always easy. Making matters more challenging is the fact that hundreds of projects have already been labelled duds by researchers who have tracked the life cycle of digital currencies beyond their initial coin offering.

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While many investors are perfectly content sticking with bitcoin, Ethereum and a couple of others, those of us in search of the next ‘diamond in the rough’ must venture beyond the ten largest cryptocurrenices by market capitalization.

Below, we look at five low market cap altcoins with significant upside potential. It’s difficult to say whether these coins will generate 100 times ROI or anything that mirrors the rapid rise of bitcoin and Ethereum. However, the project specifications suggest they are a good place to start.

DragonChain (DRGN)

The DragonChain project emerged out of Disney in 2016 and was later developed as an open source platform. In its modern form, DragonChain is a business platform that allows for the creation of a secure and scalable blockchain. Part incubator, part marketplace, DragonChain provides smart contract infrastructure with a focus on security, development and scalability.

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DRGN, the currency powering the DragonChain platform, has a total market capitalization of $185 million and a price-per-coin of less than $0.80. When measured in terms of market cap, DRGN is a top-100 cryptocurrency project. Given its potential to transform small business adoption of blockchain technology, DRGN may be considered undervalued due to its limited exchange listings. The coin has yet to make its way onto the major exchanges but can still be found on platforms such as Kucoin, IDEX and EtherDelta.

Ark (ARK)

Those of us familiar with ICON know there is huge potential in connected networks. The Ark platform is a smaller-cap alternative that connects every single cryptocurrency through a “virtual spider web of endless use cases.”

Ark employs a Delegated Proof-of-Stake (DPoS) consensus protocol that promotes decentralization and universally accessible programming language in support of wider adoption. Ark falls within the broader category of platform coins, which means it is best served as a buy-and-hold strategy.

ARK token is currently ranked 62nd in terms of market cap with a price per coin of less than $3. Its primary markets include Binance, Bittrex and Upbit.

Vertcoin (VTC)

The next cryptocurrency on our list is ranked all the way down at 153rd in terms of market cap. Vertcoin captured our attention for its outstanding development team, transparency and ASIC-resistant standard (the latter makes VTC one of the most decentralized cryptocurrencies on the market). Proponents of decentralization will therefore find plenty of upside with this coin.

Interestingly, Vertcoin is also one of the oldest cryptos on the market. Founded in 2014 as an alternative to bitcoin and Litecoin, VTC aims to become the utility coin of the future. The project is on the forefront of Lightning Network development and was even mentioned in Litecoin’s whitepaper as a candidate for cross-chain atomic swaps.

At the time of writing, VTC token is valued at over $2. It has not been immune from the recent market downturn but its long-term prospectus is as solid as they come.

Power Ledger (POWR)

The POWR token is also ranked outside the top-100 in terms of market cap, putting it alongside some of the more obscure cryptocurrencies. However, the platform’s value proposition is as tangible as it gets.

Power Ledger is headed by Jemma Green, who recently became the major of Perth, Australia. The platform allows consumers to trade electricity with one another in exchange for real-time payments facilitated through the blockchain. The company calls itself the “peer-to-peer marketplace for renewable energy” because it allows consumers to select clean energy sources and receive more money for excess power using low-cost settlement technology.

PWR experienced explosive growth during the height of the bull market. Tokens are currently valued at around $0.40.

Deepbrain Chain (DBC)

Hacked reviewed Deepbrain Chain during the ICO stage back in December. Though the results were underwhelming at the time, much of the concern stemmed from KYC implementation issues and unusual token metrics.

Valued at less than $1 a coin, Deepbrain Chain can be considered a bargain for its role in using artificial intelligence (AI) to lower the cost of computing. Deepbrain Chain is operating in one of the fastest-growing markets (AI), which partly explains its undervalued status. As the company rightly explains in its whitepaper, 5,000 AI startups came into existence between 2012 and 2016, collectively raising over $22 billion. However, unlike those companies, DBC has already established a firm partnership with Neo and is widely considered one of the leading AI projects in the blockchain space.

Deepbrain Chain has a total value of $139 million, placing it in 113th spot by market cap.

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 413 rated postsSam Bourgi is Chief Editor to Hacked.com, where he specializes in cryptocurrency, economics and the broader financial markets. Sam has nearly eight years of progressive experience as an analyst, writer and financial market commentator where he has contributed to the world's foremost newscasts.




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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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