AirSwap price prediction: What is AirSwap (AST)?

Will AirSwap be able to capitalise on recent recovery?

AirSwap is a veteran DEX and AST is its native token                                 
AirSwap is a veteran DEX and AST is its native token - Photo: Shutterstock
                                

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It is one of the oldest decentralised exchanges out there but, in terms of crypto, what is AirSwap (AST)? Let’s see if we can answer that question and see what we can find out about the AirSwap price prediction, too.

AirSwap explained

One of the most crucial parts of the world of cryptocurrency is the ability to buy, sell, and trade crypto. After all, there is an argument that a crypto that cannot be exchanged is, ultimately, a worthless crypto, and no one wants one of those. This means that the lifeblood of cryptocurrencies can, it could be argued, be found on crypto exchanges. These are the places where people can swap and buy their cryptocurrencies. That said, there are some potential issues with exchanges. One of them is practical. While you can buy, sell, or swap a wide variety of crypto on traditional cryptocurrency exchanges, you can only work with what the facility offers. If the crypto you want, or the crypto you want to offload, is not catered for on them – or even if you have both but there is no way for you to trade them on the site – then you will face some difficulty. The other issue is an ideological one. There is a belief in some quarters of the cryptosphere that, since the blockchain is based on privacy and decentralisation, a centralised exchange, where customers hand over their personal details to a de facto company, is contrary to crypto’s ethos.

A potential solution to these two problems is the decentralised exchange, or DEX. The idea here is that, theoretically, anyone can sign up to the DEX and list their cryptocurrencies and find buyers for them. AirSwap is one such decentralised exchange. Founded in 2017, this exchange is based on the Ethereum blockchain and facilitates the trade of ERC-20 tokens, with people able to list whichever tokens they want to offload. Pretty much every cryptocurrency network has its own native token and AirSwap is no exception, with its own crypto being AST. People who hold AST are able to create their own markets on the network, as well as being able to buy, sell, and exchange the token. AirSwap was founded by Michael Oved, Sam Tabar and Don Mosites, who also set up AirSwap’s parent company, Fluidity.

One thing that we do need to mention about AST at this stage is that, because it operates on the Ethereum blockchain, it is, technically speaking, a token, rather than a coin. That said, you will see references to the AirSwap coin. Don’t worry, it’s the same thing. 

AirSwap price history

It’s now time to take a look at the AST price history. While past performance should never be taken as any indicator of future results, knowing what the token has done in the past can give us some vital context if we either want to make or interpret an AirSwap price prediction.

When AirSwap first came onto the open market in October 2017, following an initial coin offering (ICO) which saw it raise $33m, it was worth around $0.26. The price fluctuated for a while but, at the end of the year, the crypto market entered a bubble and prices shot up across the board. AST was one of the many coins that benefited from this hothouse environment, and it reached an all-time high of $2.08 on 10 January 2018. The thing about bubbles is that they burst and, when the market slumped back down, AST went with it. During the so-called crypto winter that ran from the middle of 2018 to late 2020, the price of the token slumped and stagnated, reaching an all-time low of $0.007028 on 13 March 2020.

Things really started to pick up again in early 2021. The market entered a pretty sustained boom period, and AST was there to capitalise on the general bullish sentiment surrounding crypto. During this phase, the highlight for investors would have been the periodic high of $0.7482 on 28 March. After that, the price remained pretty respectable until the Great Crypto Day Crash of 19 May 2021 saw the market spend the summer in the doldrums, with AST’s nadir during that time an intraday low of $0.08486 on 22 June. 

AST price history
AST price history - Credit: Currency.com

In August 2021, the market made a recovery, boosted by a growing interest in non-fungible tokens (NFTs) and AST closed the month at $0.2131. While the following month saw a high of $0.3906 on 8 September, things soon slowed back down until the end of October. It was then that a series of favourable market conditions, influenced at least in part by Bitcoin reaching record highs, saw the AirSwap token go on an upward swing, reaching a periodic high of $0.6371. After that, though, the market slowed down as fears surrounding the omicron variant of Covid-19 saw people behave more cautiously, and AST ended up closing 2021 at $0.2564.

In 2022, the market has taken a turn for the worst, with a famine following the feast of 2021. Inititially, AST rose, but the $0.2935 it was worth on 2 January still stands as the highest price the token has enjoyed this year, because the price then fell down to close the month at $0.1677. The price continued to go on an overall decline throughout February, with Russia’s invasion of Ukraine hurting the market, and it finished that month at $0.1447. Late March saw an upturn, with AST ending the month at $0.1911, but things got worse again in April, as it finished off at $0.1249.

May was a disastrous month for crypto, with the depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency putting the market in turmoil, and AirSwap ended up dropping to $0.04883 on 12 May. While there was some resilience, with AST closing the month at $0.0788, there was another downturn when the cancellation of withdrawals on the Celsius platform confirmed the bear market, and AST dropped to $0.04758 on 18 June.

Nevertheless, the token showed some resilience and on June 28 it reached an intraday high of $0.1294 before falling to trade at around $0.088 on 29 June 2022. At that time, there were 150 million AST in circulation out of a total supply of 500 million. This gave it a market cap of $13.3m, making it the 671st-largest crypto by that metric

AirSwap price prediction

With that all said and done, let’s take a look at the AirSwap price prediction. It is important to remember that price predictions, especially when it comes to something as volatile as cryptocurrency, are very often wrong. We should also remind you that longer-term crypto price forecasts are often made using an algorithm, which means that they can change at any time.

First, TradingBeasts makes an AirSwap price prediction for 2022 that sees it close the year at just under $0.139 before it drops to $0.119 in June 2023. A year from then, AST should be worth around $0.17, before it gets to just under $0.208 in June 2025, with the price rising to close the year at a little over $0.19.

Next, CryptoGround argues for an AirSwap coin price prediction that sees it rise to $0.1098 by late December 2022, before it gets to $0.34 in 2024. The site makes an Airswap price prediction for 2025 of $0.7672, before it reaches about $0.19 in June 2027.

Meanwhile, DigitalCoinPrice has an AST price prediction which suggests it will reach $0.12 this year before going on a steady climb to reach $0.17 in 2025. The good times will come to an end briefly in 2026, when it drops to $0.15, but 2027 should see a return to form, with the token worth $0.20. The following year, it should get to $0.28, before it closes the decade at $0.36. The site makes an AirSwap price prediction for 2030 of $0.40 and, in 2030, AST should be worth $0.46. 

Finally, WalletInvestor makes an AirSwap crypto price prediction which says that the token should fall out of favour and drop to $0.04038 by June 2023. 

Final thoughts

A few final things before we finish. Firstly, while AirSwap is a decentralised exchange, it does have named founders. This is a bit unusual, because one of the things that draws certain crypto traders to DEXes is that they are usually anonymous. While having named founders might well encourage people who want to know who is behind a crypto to invest, it might out off some of the more ideological crypto enthusiasts out there.

Secondly, while AST is a long-serving token, it is also one of the many tokens that hit a high during the bubble of late 2017 and early 2018 and has shown no signs of returning to that level. While that is not necessarily a huge negative in practical terms, it might raise a few eyebrows among people who may want a newer, fresher, coin.

Finally, there is the issue of practicality. Decentralised exchanges can be pretty complex to crypto newcomers, so their takeup is not as large as centralised ones. Also, AirSwap is pretty specialised in what it does, dealing with tokens that are on the Ethereum blockchain, so there are other DEXes that offer a wider range of potential trades, which could count against both the AirSwap platform and the AST token. As always with crypto, you will need to act with appropriate caution. 

FAQs

On 29 June 2022, there were 150 million AST in circulation out of a total supply of 500 million.

It might be. The token has shown signs of recovery recently, although how far and how fast it can continue to do so, if it does continue to do so, is another matter. You will have to do your own research before reaching a firm decision.

It could do. Although the coin has, along with the crypto market in general, been on something of an overall downturn this year, there is some hope for a more positive future. Nevertheless, we do need to remind you that cryptocurrency can be highly volatile and prices can go down as well as up.

This is a matter for you to decide. Before you do so, you will need to do your own research, remember that prices can go down as well as up, and never invest more money than you can afford to lose.

Further reading

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