AVT/BTC is super tiny (ranked 555 on coinmarket cap), has limited market exposure (on Bitfinex and OkEx and not much else, no Binance, Bittrex, Cryptopia, etc.), it's also basically been in a downtrend since it's ICO. It has a long consolidation period with little volatility. Recent uptick suggests it's waking up again.
ICO- oversubscribed, they reached their funding cap in 7 minutes back in September 2017. ICO price- 60,000 ETH for 6 million AVT tokens, which at current ETH prices would be $6.80 per AVT.
Downside- there doesn't seem to be a significant volume increase during consolidation that would be the real confirmation that there is demand for this token. Are they still alive? According to their blog they hired an industry veteran as COO in early March, so they're still doing something. blog.aventus.io/aven...-as-coo-e33a87c1fd9a
Daily volume has increased 10x since early April. Volume precedes price action.
Risk/Reward- it's probably not going much lower as it appears we hit a price floor around April 10th. Upside is huge.
Buying
ICO- oversubscribed, they reached their funding cap in 7 minutes back in September 2017. ICO price- 60,000 ETH for 6 million AVT tokens, which at current ETH prices would be $6.80 per AVT.
Downside- there doesn't seem to be a significant volume increase during consolidation that would be the real confirmation that there is demand for this token. Are they still alive? According to their blog they hired an industry veteran as COO in early March, so they're still doing something. blog.aventus.io/aven...-as-coo-e33a87c1fd9a
Daily volume has increased 10x since early April. Volume precedes price action.
Risk/Reward- it's probably not going much lower as it appears we hit a price floor around April 10th. Upside is huge.
Buying