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YazanXBT
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Bullish
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$ASTER
Bullpost by CZ 5 mins ago
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ASTER
0.958
+2.46%
4.9k
0
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YazanXBT
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What is $ASTER and why is it pumping while the market is bleeding? - Aster is a privacy focused perp DEX with plans to unroll their privacy L1 soon. - It's currently the #1 Perp DEX by trading volume. - 70%-80% of the DEX revenue flows into buybacks - It was only a matter of time for sellers to run out and buybacks to catch up - The next major unlock for the Stage 3 airdrop is planned on December 15 - Aster DEX released a $10M Leaderboard trading competition for the upcoming weeks that started on November 17 which is contributing to the surge in volume on the DEX - More volume = More fees = More buybacks - By the time the Stage 3 airdrop happens, Aster DEX will have bought more supply than what they will airdrop - The biggest competition to Aster is Hyperliquid which is currently priced 4x higher - When anyone looks at the big picture and the potential that Aster has, it makes no sense but to bid on it - It is also listed on all major exchanges, which means it is easily accessible by all people When the repricing happens, it will be very aggressive and the short-term goal for Aster would be to get to the top 20 cryptocurrencies by market cap, which would price it around $4.
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You should post more often here
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$ASTER To $4 by December 4 Aster is a releasing an L1 Privacy focused chain
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CZ buying $ASTER and bullposting it and you’re still doubting it?
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$ASTER Team announced today that 50% of buybacks from S2 and S3 will be BURNed and that they will add more burning mechanisms in the future as well as staking when their L1 is released.
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