The Decentralized Exchange (DEX) Air Swap had a successful month of August with a transaction volume of $159 million.
His AST The token also appears to benefit from this in the short term, as it was trading up 47% over the past week, at the time of writing.
But this comes in the middle of a long-term downtrend. As of September 16, the AST was down 42% year-to-date. However, some forecasters, including Gov Capital and DigitalCoinPrice, have suggested that air swap may escape this long-term downward trajectory.
What is AirSwap?
AirSwap offers investors a platform to trade tokens. The peer-to-peer network was built on the Ethereum (ETH) blockchain with a mission to power secure, simple, and cheap transactions. Its supporting documentation said:
“Our vision is a future where all forms of value are represented as digital assets and flow freely and reliably between people and communities around the world.”
The network opted for a peer-to-peer system because it “protects traders against counterparty risk, price slippage and front running.”
There are several protocols and smart contracts used by AirSwap. These include the Request for Quote (RFQ) which allows orders with expiration dates and the Automated Market Maker (AMM) protocol, Last Look.
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AirSwap decided to use a Decentralized Autonomous Organization (DAO) to manage its network. Its documentation adds:
“Anyone can join, contribute and earn as a member of our development community. Everything we build is aligned with our mission and generally measured by a positive impact on network health and trade volume.”
The native cryptocurrency that powers the DAO goes through the AST ticker handle. Holders can stake their tokens and participate in AirSwap Improvement Proposals (AIPs).
Participants will gain yield when they lock in their tokens to vote, as proposals can take four days before a final result is reached.
The network also rewards contributors for completing their work on the network.
Past performance of AST
The airswap token went live on October 17, 2017 with an opening price of $0.35. After fluctuating around the $0.20 mark, it had its biggest rally yet in January 2018, alongside the broader bull market.
AST reached its all-time high of $2.08 on January 10. It almost immediately corrected and closed the month at $1.07.
Apart from a peak in April of that year, the downtrend continued with some air trading over the next three years. It fell to its all-time low of $0.007 on March 13, 2020.
AST/USD price chart, all-time performance
Apart from a surge in August 2020 to reach a daily high of $0.31 on August 18, the price of AST started to rise again in 2021, opening the year at $0.068. AirSwap introduced governance features to its platform in February, which brought more utility to the token.
One of the first AIPs went live in March, which added more regulation around AST rewards sent to stakers. The token reached a high of $0.74 on March 29.
???? DRAFT – AIP 21: Proportional Reward Payment System
???? Snapshot of and consolidation of tokens in 1 pool
???? Regular voting and claiming cycles to ensure equal distribution of costs
???? Proportional payment based on a linear model
???? Read and comment: https://t.co/E9l1iZtSMp$AST
—AirSwap (@airswap) March 12, 2021
The AST climbed again later in the year. This accompanied the launch of AirSwap’s “first full web application”, which was open-source and decentralized. The AST reached a high of $0.63 on November 23, which quickly fell.
Airswap fell in line with the 2022 crypto bear market. It fell below $0.20 in January and $0.10 in late May.
At the time of writing on September 16, AST had managed to make gains and was trading at $0.14, up 47% over the past seven days.
This follows a successful August on the peer-to-peer network, which was reported in a Medium blog that the DEX recorded a trading volume of $159 million with 32 million ASTs staked.
Airswap Price Prediction Roundup
At the time of writing, some forecasters expected the air swap to continue its current rally.
The Parts Codex The AST price prediction indicated that there was bullish sentiment with 25 technical indicators showing “buy” and only four bearish signals.
Its short-term price prediction for air trade for 2022 suggested it could have climbed 20% to near $0.18 on October 15.
In the same way, DigitalCoinPrice predicted the AST to average $0.20 this year. Its air trade price forecast for 2025 indicated that it could have reached $0.61 and $2.11 in 2030.
Gov Capital The Airswap crypto price prediction stated that it could have reached $0.20 in one year and $0.44 in five years.
Price prediction was even more optimistic with its long-term forecast. He said that the AST could have reached an average of $0.40 in 2025. His air trade price forecast for 2030 estimated that it could have reached $2.52.
When reviewing an air exchange coin price prediction, it is important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict the price of a coin or token in a few hours, and even more difficult to give long-term estimates. As such, algorithm-based analysts and forecasters can and do get it wrong in their predictions.
If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Read the latest market trends, news, technical and fundamental analysis and expert opinions before making any investment decisions. Keep in mind that past performance does not guarantee future returns. And never trade with money you can’t afford to lose.
Is airswap a good investment?
Airswap is a peer-to-peer decentralized exchange that offers secure and cheap transactions. It is managed by a DAO, made up of AST token holders.
In volatile cryptocurrency markets, it’s important to do your own research on a coin or token to determine if it’s a good fit for your investment portfolio. Whether the AST token is a suitable investment for you depends on your risk tolerance and the amount you intend to invest, among other factors. Keep in mind that past performance does not guarantee future returns. And never invest money you can’t afford to lose.
Will air exchange increase or decrease?
There are optimistic forecasters including DigitalCoinPrice which has anticipated a new price record for AST. But you have to remember that price predictions are very often wrong.
In volatile cryptocurrency markets, it’s important to do your own research on a coin or token to determine if it’s a good fit for your investment portfolio. Whether airswap is the right investment for you depends on your risk tolerance and the amount you intend to invest, among other factors. Keep in mind that past performance does not guarantee future returns. And never invest money you can’t afford to lose.
Should I invest in airswap?
Airswap is up 47% in the past seven days, but it’s also important to remember that it fell victim to the 2022 crypto bear market.
Whether you should invest in AST is a question you will have to answer for yourself. Before doing so, however, you should do your own research and never invest more money than you can afford to lose, as prices can go down as well as up.