I looked at the recent trend of ASTER, and it's quite interesting. The current trading price is around 0.68, while the cost for early participants in the project is said to be around 0.92. What does this mean? It means that even the earliest investors are now trapped, but why are they still holding?
Because the project team is indeed taking action. The test version of the new public chain is about to be released, which is a solid progress. From both a technical and fundamental perspective, it has not yet broken through 1 dollar, and there is still room for valuation.
Where does the selling pressure in the market mainly come from? A large number of airdrop recipients. They acquire at nearly zero cost and sell as soon as they see profits, which leads to downward pressure on prices. But this also means that the market is being washed, and retail investors are exiting.
If you believe in the subsequent development of the project, the logic of entering at this price level is actually still clear – just wait for the ecosystem to land and the valuation to recover.
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I looked at the recent trend of ASTER, and it's quite interesting. The current trading price is around 0.68, while the cost for early participants in the project is said to be around 0.92. What does this mean? It means that even the earliest investors are now trapped, but why are they still holding?
Because the project team is indeed taking action. The test version of the new public chain is about to be released, which is a solid progress. From both a technical and fundamental perspective, it has not yet broken through 1 dollar, and there is still room for valuation.
Where does the selling pressure in the market mainly come from? A large number of airdrop recipients. They acquire at nearly zero cost and sell as soon as they see profits, which leads to downward pressure on prices. But this also means that the market is being washed, and retail investors are exiting.
If you believe in the subsequent development of the project, the logic of entering at this price level is actually still clear – just wait for the ecosystem to land and the valuation to recover.