The total burned has surpassed 210 million tokens, but $ASTER ’s price barely moved, up just 0.06%.
Using 99% of the fees every day for buybacks looks pretty aggressive. But with staking APY at 24.8%, there’s still selling pressure ahead.
A coin propped up by a burn narrative like this requires careful position sizing. Keep enough cash to buy in gradually, and never go all-in on good news.
Trading fees and slippage are real money in live trading. Test the waters in Spot Trading Competition S6—the cost is far lower than trying to tough it out in the market.
What do you think of the buyback-and-burn model: real deflation, or just empty promises? Comment 1 if you believe in the deflationary case, or 2 if you think it’s a gimmick.
#Write2Earn #BinanceSquare #ASTER DeFi #TradingTournament
Using 99% of the fees every day for buybacks looks pretty aggressive. But with staking APY at 24.8%, there’s still selling pressure ahead.
A coin propped up by a burn narrative like this requires careful position sizing. Keep enough cash to buy in gradually, and never go all-in on good news.
Trading fees and slippage are real money in live trading. Test the waters in Spot Trading Competition S6—the cost is far lower than trying to tough it out in the market.
What do you think of the buyback-and-burn model: real deflation, or just empty promises? Comment 1 if you believe in the deflationary case, or 2 if you think it’s a gimmick.
#Write2Earn #BinanceSquare #ASTER DeFi #TradingTournament