The currency $ASTER was launched on September 17 and listed at a price of $0.05 and achieved 42x in 8 days thanks to the support of CZ, the founder of Binance, and a war on Hyperliquid
To understand what is happening, follow ⏬
(1) What is the Aster project?
It is a decentralized platform (DEX) that provides you with futures trading with leverage that can reach up to 1000 for cryptocurrencies in addition to stock trading
24/7
24 hours a day, seven days a week, and it is currently competing with the Hyperliquid platform
(2) Why is CZ supporting Aster?!
⏬
The hyper platform is considered a strong competitor to Binance and the hyper platform
She booked a large liquidity from the market for herself through leverage
The massive finances it provides in futures trading and others and those who do not know that cryptocurrency platforms mainly rely on futures profits because it is easy to manipulate and the trader cannot uncover
Any manipulation happens due to hiding the order book
(3) Unlike Hyperliquid which provides transparent data, there are accusations that Binance executed an attack at the end of the third month aimed at drying up the liquidity reserves on the hyper platform by manipulating the price of jellyjelly at that time due to this attack the HYPE token lost 15% of its value and more than 150 million dollars exited but hyper managed to avert the crisis
(4) By supporting ASTER, Binance wants to eliminate the competition from hyper and it seems that the support issue is not just because Aster is on the BNB blockchain, perhaps its team is somehow linked to Binance
(5) Aster now has a market value of 3.3 billion dollars while Hyper has a market value of 14.4 billion dollars which means Aster if it reaches the position of hyper
It still has a chance to grow 10 times.
Aster ranks 36 while hyper ranks 11 in terms of value
The market in the cryptocurrency market.
⏬Some people's personal opinion is that CZ does not want an alternative or competition
Hyperliquid wants to destroy such projects that dare to challenge those who control the market especially since
96% of the ASTER token supply is under
the control of 6 wallets which means he has no problem after destroying hyper to destroy Aster and create a rug pull so that no one in the future thinks of competing with the rulers of the market and so that traders also do not think of trusting any platform other than Binance and other centralized platforms what do you think of the matter?!
