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$ASTER has been consolidating around 0.7 since December last year, for six months now.
Recently, $hype has shown some activity, and as a platform benchmarking against hype, $ASTER should also be starting up!
Unless a major bull market returns, it may only reach 1.
Otherwise, every time it goes up to 0.7, whoever buys above 0.72 is getting ready to be trapped for at least a month.
Whoever is the one running the show will be the one benefiting.
I was previously a supporter (because I lost a lot on this 💰).
Every time I saw it spike to 0.75, 0.8 and then crash down,
March was my breaking point when its public chain launched.
In the end, it still pulled a big dump,
so I cut all my losses and exited the market.
It can't compare to hype, which has very high daily trading volume,
while Aster doesn't have many orders, leading to no continuous source of capital for buybacks and burns.
Hype makes most of its profit from buybacks and burns.
This time, it spiked to 0.75 and then dropped to 0.7, and it’s no longer sustainable.