Hey ASTER holder brought some good news for you guys
Spot ASTER Insights 20251109 19:00 UTC
TLDR
ASTER's price has seen a significant increase from $1.027 to $1.117 in the last 12 hours, driven by strong technical signals and positive market sentiment, leading to...
1. Technical Strength: ASTER exhibits strong bullish momentum with key indicators like EMAs and MACD signaling an uptrend, despite some overbought conditions.
2. Deflationary Measures: Aggressive token buybacks and burn mechanisms are actively reducing supply, further supported by the postponement of a significant token unlock event.
3. Positive Endorsements: Strong community support and highprofile endorsements, including the founder of a major exchange, are boosting market confidence and longterm outlook.
Positives
1. Technical Momentum: ASTER shows strong bullish momentum with its price rising from $1.027 to $1.117 in the past 12 hours, supported by a clear uptrend where the 7period EMA is above the 25period and 99period EMAs, signaling sustained buying interest. The MACD also indicates increasing bullish momentum with a positive and rising histogram.
2. Deflationary Tokenomics: The project implements aggressive buyback and burn mechanisms, with the team increasing the buyback rate to $7,500 per minute ($10.8 million daily) and permanently removing $5.4 million worth of ASTER from circulation each day, creating significant deflationary pressure. The official buyback fund has also reached $40 million.
3. Unlock Delay & Endorsement: A significant scheduled unlock of 200 million ASTER tokens, originally set for November 10th, has been postponed until December 15th, removing immediate selling pressure. This positive development is further bolstered by prominent crypto figures like CZ openly endorsing ASTER and holding a longterm position, drawing comparisons to BNB's early growth.
