Why is
$ASTER Down to its All time low after Flash crash?
First of all why is aster Different from Other Exchanges?
The Thing is,
They allow To trade In Stocks using leverage up to 100x
which no other recognised Exchange Is doing.
Why was the Initial Hype?
The only reason the project was Holding near 2$ before Flash crash,
was CZ promoting the project.
Now Ever Since CZ got back,
The market Hasn't been the same.
BNB hit a new ATH,
crashed Hard During the Flash crash
And Hit a new ATH within the next 3 days.
Why you ask?
Because CZ holds Huge Positions in BNB as well as Aster.
However,
Aster has only 2.2B tokens in Circulation out of its 8B
total supply.
Meaning If the Tokens were to release Immediately
the price will crash To 0.2$ or less.
Which won't happen obviously.
what do I think about Aster?
TBH,
It will go up.
Because, I am 99% positive that The Team is Slowly Buying back the tokens at this price near 1$
and CZ night soon Post some Crazy Shit that will pump this token to 1.5/2$ anytime.
and Future Price is expected to be 10$ per token.
Bringing the total valuation to 80B$
Which is not that crazy for a Great Working DEX.
When to invest?
I say you can Start DCA right now around 1$
so that even if it falls more you can buy more and Trust me You will make profits on this one.
However always DYOR and Stay SAFU in this Bear market.
#aster #MarketPullback #ChineseMemeCoinWave