The excitement in the cryptocurrency world has never ceased, with new developments stirring investors' nerves every day. Recently, three pieces of news have sparked heated discussions in the market: the spot ETF #21Shares made its debut at DTCC, #LINK whales are absorbing tokens at low prices, while the new star #Aster🔊🔊 has risen sharply within just a week, challenging established rivals #hype . Today, let's sort through these hotspots and see who has a better chance of gaining momentum in the future market.
1️⃣ How far are we from the Dogecoin ETF on DTCC, TDOG?
21Shares proposed spot Dogecoin ETF (code TDOG) has recently quietly climbed onto the active and pre-issue list of the Depository Trust & Clearing Corporation (DTCC) in the United States, marking a milestone in its technical and operational aspects: brokers can start system integration, clearing qualification confirmation, and other backend preparations.📈
However, it is important to note that this step does not equal obtaining formal approval from the SEC. The U.S. Securities and Exchange Commission (SEC) is still reviewing 21Shares' application, and the 19b-4 document submitted by Nasdaq and the physical support plan disclosed in the S-1 are also still awaiting regulatory results. Historical experience shows that after the registration of Bitcoin and Ethereum spot ETFs with the DTCC, prices usually react in advance, but true market inflows often depend on final approvals and the macro risk environment.
Currently, the trading price of DOGE hovers around 0.24 dollars, with almost no fluctuations for the day. In the short term, DOGE's performance may still be influenced by Bitcoin's trends—if BTC can break through key ranges, the potential inflow from a spot ETF may truly push DOGE higher.
2️⃣ LINK whale accumulation, clear bottom signal 🐋
Chainlink (LINK) has recently also attracted market attention: during a round of market sell-off, the price once dipped to 20.30 dollars, falling below the key support range of 21-22 dollars, but then rebounded to around 21.8 dollars. It is worth mentioning that whales accumulated over 800,000 LINK at low prices, while about 5.5 million LINK were withdrawn from exchanges, which is usually interpreted as a symbol of long-term investor confidence.
Technically, for LINK to stabilize, it needs to reclaim the 21-22 dollar range. In the short term, 23.1, 24.8, and 25.7 dollars form upward resistance, and after breaking these points, the 28 dollar mark will regain market focus. Combined with the potential LINK ETF application, the coming weeks may bring more medium to long-term inflows for LINK. 💡
In other words, the market currently presents a pattern of 'short-term volatility + long-term optimism', with a combination of whale accumulation and outflows from exchanges, making LINK a typical 'bottom observation target'.
3️⃣ ASTER soars: Can the new star challenge HYPE? 🌟⚡
The emerging token ASTER has also attracted a lot of attention: since its launch just a week ago, its price has soared by 1,940%, with a market cap exceeding 2 billion dollars, almost entering the top 50 in the short term. Recently, its increase has exceeded 14%, only 13.69% away from its historical high, showing strong market momentum.
ASTER's rise is inseparable from the endorsements of industry heavyweights, including Zhao Changpeng (CZ) and other influential figures, which not only increases the project's exposure but also boosts investor confidence in its long-term potential.
Interestingly, the competition between ASTER and its competitor Hyperliquid (HYPE) is heating up: ASTER recently launched a feature allowing users to short HYPE with up to 300 times leverage, while HYPE maintains a more cautious 3 times leverage strategy. The competition between the two is not just a leverage game but also represents the struggle between new and old projects in the decentralized perpetual contract market.
"Going online does not mean endorsement of the project. Past performance does not guarantee future results. Please do not trade assets you are not familiar with and do not understand their risks." Aster retweeted this information on X, almost verbatim quoting Hyperliquid's disclaimer.
Of course, for ASTER to truly surpass HYPE, it still faces significant challenges: HYPE's market cap is as high as 16.19 billion dollars, with a TVL of 6.5 billion dollars, both far ahead of ASTER's 2 billion market cap and 1.39 billion TVL. However, from the perspective of short-term market momentum, ASTER already has strong chasing ability; if it continues to increase in volume in the coming weeks, it may challenge the 2 dollar mark. 📊
Conclusion:
From DOGE's ETF layout, to LINK whale accumulation, and ASTER challenging HYPE, we can see that opportunities in the crypto space are blooming in multiple areas, but the essence is the combination of rhythm and catalysts:
ETF-related news: affects medium to long-term trends, but short-term price reactions are limited, requiring regulatory approval and synchronization with market sentiment.
Whale entry and capital flows: provide short-term support and rebound opportunities, but need to stabilize with technical levels.
The strong rise of new star tokens: short-term bursts are obvious, but whether they can maintain long-term growth still depends on ecosystem development and community confidence.
In simple terms, there are many opportunities in the crypto space, but each type of event has its own 'script'—ETF paving the way, whale positioning, and star projects rising. Investors chasing the trend must also pay attention to market risks, seize catalysts, and follow the trend.
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