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AirSwap price prediction: Will AST rise?

By Raphael Sanis

Edited by Charlie Mellor

13:44, 16 September 2022

AirSwap promises low transaction fees and secure trades – Photo: Shutterstock

The decentralised exchange (DEX) AirSwap had a successful month in August with a trading volume of $159m.

Its AST token also appears to be profiting in the short-term as it was trading up 47% over the past week, at the time of writing.

But this comes amid a bearish long-term trend. As of 16 September, AST was down 42% year-to-date. However, some forecasters, including Gov Capital and DigitalCoinPrice, have suggested airswap could escape this downward trajectory in the long run.

What is AirSwap?

AirSwap is giving investors a platform to trade tokens. The peer-to-peer network was built on the Ethereum (ETH) blockchain with the mission of powering 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 among people and communities around the world.”

The network decided on a peer-to-peer system as it “protects traders from counterparty risk, price slippage, and front running”.

There are several protocols and smart contracts that are utilised by AirSwap. These include request-for-quote (RFQ) that allows for orders with expiration dates and the automated market maker (AMM) protocol, Last Look.

AirSwap’s DAO

AirSwap decided on using a decentralised autonomous organisation (DAO) to run its network. Its documentation added:

“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 positive impact on network health and trading volume.”

The native cryptocurrency that fuels the DAO goes by the ticker handle AST. Holders can stake their tokens and participate in the AirSwap Improvement Proposals (AIP).

Stakers will earn yield when locking in their tokens to vote, as proposals can take four days before a final result is reached.

The network also rewards contributors for completing work on the network.

AST’s past performance

The airswap token went live on 17 October 2017 with an opening price of $0.35. After fluctuating around the $0.20 mark, it saw its largest surge to date in January 2018, along with the wider bull market.

AST rocketed to its all-time high of $2.08 on 10 January. It almost immediately corrected and closed the month at $1.07.

Aside from a spike in April that year, the bearish trend stuck with airswap over the following three years. It stooped to its all-time low of $0.007 on 13 March 2020.

AST/USD price chart, all-time performance

Source: CoinMarketCap

ETH/USD

3,497.28 Price
-0.150% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 6.00

BTC/USD

67,517.90 Price
-0.440% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

US100

19,710.20 Price
+0.950% 1D Chg, %
Long position overnight fee -0.0263%
Short position overnight fee 0.0041%
Overnight fee time 21:00 (UTC)
Spread 1.8

XRP/USD

0.61 Price
+1.310% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168

Apart from a surge in August 2020 to a daily high of $0.31 on 18 August, the AST price started picking up again in 2021, opening the year $0.068. AirSwap introduced governance features on 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 the AST rewards being sent to stakers. The token reached a high of $0.74 on 29 March.

AST climbed again later in the year. This accompanied the launch of AirSwap’s “first complete web app”, which was open-source and decentralised. AST surged to a peak of $0.63 on 23 November that soon fell away.

Airswap dropped in line with 2022’s crypto bear market. It fell below $0.20 in January and $0.10 in late May.

At the time of writing, on 16 September, AST had managed to make gains and was trading at $0.14, up 47% over the past seven days.

This followed a successful August on the peer-to-peer network, which was reported in a Medium blog that the DEX saw $159m in trading volume with 32 million AST staked.

Airswap price prediction round-up

At the time of writing, some forecasters anticipated airswap to continue its current rally.

The Coin Codex AST price prediction said there was a bullish sentiment with 25 technical indicators displaying “buy” and only four bearish signals.

Its short-term airswap price prediction for 2022 suggested it could have climbed by 20% to almost $0.18 on 15 October.

Similarly, DigitalCoinPrice anticipated AST to have averaged $0.20 this year. Its airswap price prediction for 2025 said it could have reached $0.61 and $2.11 in 2030.

Gov Capital’s airswap crypto price prediction said it could have gone on $0.20 in a year and $0.44 in five years’ time.

PricePrediction was even more bullish with its long-term forecast. It said AST could have averaged out at $0.40 in 2025. Its airswap price prediction for 2030 estimated that it could have grown to $2.52.

When considering an airswap coin price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.

FAQs

Is airswap a good investment?

Airswap is a peer-to-peer decentralised exchange that is offering secure and cheap transactions. It is run by a DAO, made up of AST token holders.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether the AST token is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Will airswap go up or down?

There are some optimistic forecasters, including DigitalCoinPrice which has anticipated a new price record for AST. But you must remember that price predictions are very often wrong.

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether airswap is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Should I invest in airswap?

Airswap is up 47% over the past seven days, but it is also important to remember that it has been victim to 2022’s crypto bear market.

Whether you should invest in AST is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.

Markets in this article

ETH/USD
Ethereum / USD
3497.28 USD
-5.37 -0.150%

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