The Cryptocurrency Trade of this Week is AirSwap (AST) which has a market cap of $12.8 million and is ranked at number 739 on Coinmarketcap.
For our crypto portfolios, we have now included this coin in our portfolio.
AirSwap is a decentralized, peer-to-peer token trading network powered by Ethereum.
This so-called Decentralized Exchange (DEX) aims to make buying and selling tokens safe, simple and cost-free. Its mission is to empower people with global, frictionless trading. AirSwap implements the Swap protocol and offers three products: Instant, Spaces, and DexIndex.
The stock price recently hit a new low for the year of $0.05 and has subsequently recovered somewhat. In fact, not too long ago, in November of last year, AST was quoting $0.60.
We are taking advantage of the current weakness in the market to buy AST at ramsj prices. With a tight stop-loss below $0.05 we are anticipating a move towards initially $0.14 and subsequently $0.40, provided that sentiment improves again or even better: remains positive.