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$ASTER Today, OI skyrocketed by 20%, and Binance’s favorite is looking to snatch business from $HYPE
The contract OI jumped from $70 million to $85 million in a day, with a large trader long-to-short ratio of 3.14 all in on longs. Binance-backed Perps DEX is benchmarking against Hyperliquid. In February, both were at their lows with a market cap ratio of 3.3x; now HYPE has hit a new high at $64 with a market cap of $16.2 billion, while ASTER is only at $1.8 billion, pushing the ratio to 8.6x. Based on the lows, ASTER should be at $1.9, and conservatively, $0.9 still leaves a 25% upside. HYPE is driving the sector's sentiment, and ASTER hasn't caught up yet; the gap is the opportunity.
#PerpsDEX #ASTER $ASTER $HYPE
The contract OI jumped from $70 million to $85 million in a day, with a large trader long-to-short ratio of 3.14 all in on longs. Binance-backed Perps DEX is benchmarking against Hyperliquid. In February, both were at their lows with a market cap ratio of 3.3x; now HYPE has hit a new high at $64 with a market cap of $16.2 billion, while ASTER is only at $1.8 billion, pushing the ratio to 8.6x. Based on the lows, ASTER should be at $1.9, and conservatively, $0.9 still leaves a 25% upside. HYPE is driving the sector's sentiment, and ASTER hasn't caught up yet; the gap is the opportunity.
#PerpsDEX #ASTER $ASTER $HYPE
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