October 14th, 500 million USD Aster selling | 市场是最好的老师 on Binance Square

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市场是最好的老师

--・Top 30D Traders by Volume

October 14th, 500 million USD Aster selling pressure!!!

Early this morning, $ASTER announced the early launch of the second quarter trading activities for the Aster airdrop, which means that Aster worth 500 million USD will enter the market. From the current trend, it appears to be weaker than the overall market performance, with the airdrop gradually releasing into the market, waiting for the market to digest.

Trading on the Bnb chain remains hot, with bnb even briefly breaking new highs yesterday. From the trading data, $CAKE has significantly increased the platform trading volume from the recent Alpha hype and meme craze, backed by the giant Binance, which is also the main recommended on-chain dex trading platform by the Binance wallet, making it a good target. Another is $FORM , where form.meme has continuously earned more than pumpfun for several days, but its price and market cap are considerably lower than pumpfun. This may be related to form not initiating token buybacks, but the meme craze in bsc continues fiercely, remaining a good target suitable for buying on dips.

The trio of Binance's Aster+Cake+Form, supported by the bnb craze, presents a good investment opportunity, with both popularity and background.

Additionally, it’s worth mentioning that tonight CAKE will launch a new project, which may bring a wave of increases. Friends holding CAKE spot don't forget to participate!

市场是最好的老师

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Bullish

October 13 Aster Data Overview

Yesterday, the price of $ASTER once dropped to around 1.15, followed by a wave of increases, and last night, with the shift in expectations regarding Sino-U.S. tariffs, it directly rose to 1.5 USD, rebounding over 30%.

Negative Expectations: It is worth noting that tomorrow at 8 PM Beijing time, the airdrop for the second round of trading points activity will be released, which may bring a wave of selling pressure.

In terms of trading data performance, yesterday Aster's contract trading volume was 24 billion USD, with transaction fee income of 4.6 million USD, and the trading volume was double that of hype. However, an interesting observation was made: while Aster's trading volume was double that of hype, the transaction fee income did not increase significantly, which may be due to various factors, such as differences in transaction fee rates and the types of main trading users, etc.

From the perspective of Hype's data performance, the emergence of Aster and many other emerging on-chain contract platforms has not significantly impacted the foundation of Hype; the main on-chain contract trading market still concentrates on Hype, and Hype's trading volume and income have not seen a substantial decrease, maintaining stability in core areas.

Overall, the trading volume in the on-chain contract market has seen a significant increase, but it has not eroded Hype too much. This is because within the significantly increasing trading volume, there is a lot of fluff; many studios are just trying to accumulate points. This indicates that the actual number of users may not have increased much, and the demand for the on-chain trading market is in a state of phase saturation, with most real users needing on-chain trading concentrated on Hype.

The emergence and popularity of these on-chain contract platforms, while not having a major impact on Hype's core area in the short term, has brought significant, or rather, immense pressure. If Hype encounters some sort of incident or accident, these alternative platforms' advantages will develop and grow.

Hype's current economic model is relatively stable, and the token release rules have been determined, which means there is little room for adjustment, like a blank sheet of paper that is almost filled up, leaving little space for new things to be drawn. In contrast, emerging platforms are on a completely blank sheet, with significant room for policy and economic model adjustments, which is one of the advantages of new platforms.

Continuing to be optimistic about Aster!

#AsterDEX