Everyone has high hopes for you, but you are the least promising$ASTER
Previously, when CZ bought ASTER, the price rose to 1.2, and the market was overwhelmingly optimistic. I clearly saw it as bearish and shorted it. Currently, it seems fine; it later dropped to around 0.6, and I started to buy the dip expecting a rebound to 0.9. However, the market was too weak, and I closed my long position near my cost price.
Let's talk about the current basic situation of ASTER. The project team and VC's cost are too low, with an average price of 0.05u, which means selling now would still yield dozens of times profit.
Another question many people are concerned about is, why does the project team keep buying while the coin price continues to plummet? Simply put: the project team appears to be buying 1000u, but the VCs and the project team's interests sell out 10,000u in response. The buying is just for show to the investors, and they are selling in large quantities through various accounts to cash out, which is why the price keeps dropping.
Moreover, the current environment is a bear market. No matter how much money the project team spends to stabilize the market, it can only rise temporarily, and eventually, it will be pushed back down. Additionally, massive unlocks and selling will lead to a continually decreasing price.
