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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 money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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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

Trading recommendation: Lisk/Bitcoin

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The best way to trade a range-bound market is to buy at the lower end of the range and sell at the upper end. If the range is large and well established, it offers us a good risk to reward objective. We believe that LSK/BTC fits the bill and offers us an attractive opportunity to buy at the support and sell at the resistance.

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Key points

  1. LSK/BTC has formed a large trading range.
  2. Buy at the lower end of the range.
  3. Sell at the upper end of the range.

Weekly chart

LSK/BTC has been trading in a large range of $0.00046 on the lower end and $0.0016 on the upper end. On three occasions, the cryptocurrency pair has bounced off the supports. Similarly, it has returned from the $0.0016 levels thrice. The range is well defined. Currently, price is trying to rebound after breaking below the lower end of the range last week. We believe that a buy at current levels offers us a low-risk and high-reward trading opportunity.

Daily chart

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On December 07, the cryptocurrency pair broke below the support of $0.00046. However, the very next day, it climbed back into the range, which is a positive indication. This shows that the bulls want to keep the range intact. However, the rally from the lows hit a roadblock at the 20-day EMA.

Currently, LSK/BTC is again pulling back towards the lower end of the range. If the support holds, we believe that the digital currency will again rally to the upper end of the range. Therefore, we suggest buying 50% of the desired allocation close to $0.00050 levels. Remaining 50% of the position should be purchased once the digital currency breaks out of $0.00068. The profit objective is a rally to the upper end of the range at $0.0016. The trade should be closed if the virtual currency breaks down and sustains below the lower end of the range. This is a long-term trade.

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Altcoins

Trade Recommendation: XMR/BTC Pair Throwback

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The XMR/BTC market (Monero) has been in downtrend on the hourly chart after posting a high of 0.0225 on December 6 and failing to hold critical support at 0.02. It went to as low as 0.0145 on December 8 before respecting RSI at 32 where it established support. The market used the new support level to rally and generate one higher low after the other. It recently attempted to reclaim support at 0.02 but was repelled by bears. Currently, the market is trading around 0.019 levels where it appears to have created another higher low.

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Technical analysis shows a large reversal pattern in the hourly chart that can take the XMR/BTC pair to 0.025. Even though the market failed to breach resistance at 0.02, investors should not see it as a failed breakout. What we’re seeing is a throwback which is a temporary retreat in price. Throwbacks are common in breakout plays and are often seen as a bullish signal. The next time the market attempts to breach 0.02 resistance, it has a much better chance of breaking it with conviction.

The strategy is to buy breakout at 0.02 with immediate stop at 0.0189.

Hourly XMR/BTC Chart on Poloniex

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As of this writing, XMR/BTC is trading at 0.018714 on Poloniex.

Summary of Strategy

Buy: breakout at 0.02

Target: 0.025

Stop: move below 0.0189 after buying breakout at 0.02.

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

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Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Altcoins

Trade Recommendation: FCT/BTC Bullish Reversal

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The market reach its all-time high back in June this year when FTC/BTC (Factom) reached 0.01463162. Unfortunately, the pair wasn’t able to sustain its momentum. It created a lower high several days later at 0.01066744 which signalled investors to take profits or cut their losses. As a result, the market tumbled and lost 93.17% in value from its all-time high. Such a tremendous loss would have created an atmosphere of despair in the market. Usually, that’s when the savviest traders come in.

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Technical analysis reveals that the worst is behind the pair. FCT/BTC touched support at 0.001 on the daily chart twice and respected it on both occasions. This is a good indication that the market has found a reliable support level. In addition, hourly chart shows that a large reversal pattern is underway. The pair may have retreated when it nearly touched 0.002, but it generated a new higher low in the process at 0.00156566. The throwback is a bullish signal that enables the pair to gather momentum to break resistance at 0.002.

The strategy is buy on breakout at 0.002. Breach that level and the market reclaims 0.003. Sell that level because it is a strong resistance.

Hourly FCT/BTC Chart on Poloniex

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As of this writing, FCT/BTC is trading at 0.001738 on Poloniex.

Summary of Strategy

Buy: breakout at 0.002

Target: 0.003

Stop: move below 0.0018 after buying breakout at 0.002.  

 

Disclaimer: The writer 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 money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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