[ASTER] AsterDEX Speculation

[tokeweed]

So yeah..  There's a new DEX in town and it's called AsterDEX.  And this is not your usual DEX like Uniswap or Aerodome.  This one is a perps and spot DEX like Hyperliquid.  But here's the thing...  The guys behind AsterDEX are the same people behind YZi Labs. 

If you guys didn't know, YZi Labs is the rebranded version of Binance Labs.  So that means CZ is behind AsterDEX to compete directly against Hyperliquid. 

Will ASTER moon like HYPE?  We'll see... 

[passwordnow]

So yeah..  There's a new DEX in town and it's called AsterDEX.  And this is not your usual DEX like Uniswap or Aerodome.  This one is a perps and spot DEX like Hyperliquid.  But here's the thing...  The guys behind AsterDEX are the same people behind YZi Labs. 

If you guys didn't know, YZi Labs is the rebranded version of Binance Labs.  So that means CZ is behind AsterDEX to compete directly against Hyperliquid. 

Will ASTER moon like HYPE?  We'll see... 

That makes sense why CZ has got this on his tweet. So, aster is literally a competitor for hyperliquid. CZ just don't want to let some other brands to take over the dex market. It has reached $1.16 now and doesn't look it will stop anytime soon. From the price of its launching at $0.1, there's now around 114% of growth from it. While it's fresh and new, if the storm calms, we'll see how its token will react.

[Pjcr7]

So yeah..  There's a new DEX in town and it's called AsterDEX.  And this is not your usual DEX like Uniswap or Aerodome.  This one is a perps and spot DEX like Hyperliquid.  But here's the thing...  The guys behind AsterDEX are the same people behind YZi Labs.  

If you guys didn't know, YZi Labs is the rebranded version of Binance Labs.  So that means CZ is behind AsterDEX to compete directly against Hyperliquid.  

Will ASTER moon like HYPE?  We'll see...  

From the look of things and how the market is going, ASTER will moon even more, just yesterday it was less than a dollar and today it's heading to $2, who knows it might likely move higher than this.



With the hype going and this chart shows that CZ has purchased some number of ASTER for himself, positioning himself even better. With a MC of over $1B currently and the rise of BTC, ASTER will sower in less than no time at least that's what the professionals are saying about it.

[maloy633]

So should I even try to invest anything at this point?

[tokeweed]

^  Wait for it to go down a bit imho.  I think CZ isn't done with this yet as it could follow the same playbook when token gets pumped then it goes down a bit them sideways, it gets bought up again then bought up even more because it's rumored to get Binance spot listing...

But when it actually gets listed, there's like a week of back and forth between buyers and sellers, taking it slightly higher before it's all the way going down for months. 

[Marykeller]

I am happy to have followed your lead in investing in ASTER at a low price when you posted about it here. I am on gains anyway. Thanks to that.

I believe that ASTER would moon like HYPE with what I have seen. I'm hodling it for a long time, thinking of buying a little more as its price declines

[tokeweed]

^  Lol.  Nice to have a win for once after a long string of duds.    So far HYPE has been my biggest winner for the current bull market and the only one that matters.  Had decent win with PUMP but not like HYPE.

So now the focus is on ASTER.  Let's see how far CZ takes this one.  The thing that ASTER has it going for it is Binance spot listing and an implementation for a flywheel like HYPE.  I'm more sure of the former than the latter tho.

Good luck out there guys.

[BitHodlers]

Will ASTER moon like HYPE?  We'll see...  

It has potential but this is just another case of crap tokenomics that are oriented towards enriching the founders. Really this space needs to set new standards where the least amount of tokens goes to the team behind a project.

^  Lol.  Nice to have a win for once after a long string of duds.    So far HYPE has been my biggest winner for the current bull market and the only one that matters.  Had decent win with PUMP but not like HYPE.

So now the focus is on ASTER.  Let's see how far CZ takes this one.  The thing that ASTER has it going for it is Binance spot listing and an implementation for a flywheel like HYPE.  I'm more sure of the former than the latter tho.

Good luck out there guys.

I am sad that I joined the HYPE party late, but I am not sad about ASTER. I don't like organized and shady pumping like this. He should have disclosed in his tweet his involvement. It sounded like he had nothing to do with it and is genuinely impressed by some third party making this a thing.

[tokeweed]

^  Mmmmm...  About the crap tokenomics bit, that could be true.  But is CZ really shilling this only to sell on his followers?  That's not how he operates.  I know there are lots of shenanigans in Binance, but has CZ explicitly shilled a coin or token just to dump?

I don't think he has done this before.  The only token he has been shilling is BNB.  A token which he has never dumped on his followers.

As for the "nothing to do with it" thing, check the info in the starting post.  YZi Labs, formerly Binance Labs, is a seed investor in AsterDEX.

[Akbarkoe]

^  Mmmmm...  About the crap tokenomics bit, that could be true.  But is CZ really shilling this only to sell on his followers?  That's not how he operates.  I know there are lots of shenanigans in Binance, but has CZ explicitly shilled a coin or token just to dump?

I don't think he has done this before.  The only token he has been shilling is BNB.  A token which he has never dumped on his followers.

As for the "nothing to do with it" thing, check the info in the starting post.  YZi Labs, formerly Binance Labs, is a seed investor in AsterDEX.

This is his plan to undermine Hyperliquid's dominance. On the other hand, seeking profit, we know that CZ is an old player and he is very cunning. He is skilled at playing his role to conquer his enemies. YZi Labs is part of his game. He has arranged everything so that money circulates around him.

This is essentially promoting it, so it's not surprising, as ASTER can be seen as Binance's representation in the DEX space. Looking at Binance's previous attacks on Hyperliquid, it was a form of resistance. but it was quickly detected by the community because their transactions were open on-chain. Since he couldn't directly destroy it, he created a similar competitor to balance things out, and that's also why he shilled ASTER in his tweet, which can be considered a form of promotion.

[BitHodlers]

^  Mmmmm...  About the crap tokenomics bit, that could be true.  But is CZ really shilling this only to sell on his followers?  That's not how he operates.  I know there are lots of shenanigans in Binance, but has CZ explicitly shilled a coin or token just to dump?

Yes, they are the standard make the founder rich and print tokens mercilessly tokenomics. Much worse when compared to BNB or CAKE.

I don't think he has done this before.  The only token he has been shilling is BNB.  A token which he has never dumped on his followers.

He has not as far as I am aware which makes this whole ordeal weird for me.

As for the "nothing to do with it" thing, check the info in the starting post.  YZi Labs, formerly Binance Labs, is a seed investor in AsterDEX.

I think we didn't understand each other. What I meant was that the way Cz posted about Aster on Twitter it came off as if he had zero involvement in it. Something like here look what this team has done, it is amazing work, congratulations. That was my first impression of it, but here I found out that he is involved in it.

[woez]

This is his plan to undermine Hyperliquid's dominance. On the other hand, seeking profit, we know that CZ is an old player and he is very cunning. He is skilled at playing his role to conquer his enemies. YZi Labs is part of his game. He has arranged everything so that money circulates around him.

This is essentially promoting it, so it's not surprising, as ASTER can be seen as Binance's representation in the DEX space. Looking at Binance's previous attacks on Hyperliquid, it was a form of resistance. but it was quickly detected by the community because their transactions were open on-chain. Since he couldn't directly destroy it, he created a similar competitor to balance things out, and that's also why he shilled ASTER in his tweet, which can be considered a form of promotion.

The buyer-seller interaction in the first week was indeed extraordinary before it was listed on several exchanges, but what always caught the attention was the MEXC exchange's swift listing of the token. Yes, the hype for this token is truly extraordinary, fueled by CZ, despite its current price downtrend due to the BTC correction.

I agree that Aster was born for a reason, and it's easy to see how CZ maneuvered to undermine Hyperliquid's dominance without directly attacking its position. To date, he hasn't signaled a plan to list the Aster token on Binance. Perhaps he still sees the dominance of large wallets, which could potentially disrupt price movements if they are disposed of and are not evenly distributed, so he's allowing this situation to persist by delaying the listing.

[Akbarkoe]

This is his plan to undermine Hyperliquid's dominance. On the other hand, seeking profit, we know that CZ is an old player and he is very cunning. He is skilled at playing his role to conquer his enemies. YZi Labs is part of his game. He has arranged everything so that money circulates around him.

This is essentially promoting it, so it's not surprising, as ASTER can be seen as Binance's representation in the DEX space. Looking at Binance's previous attacks on Hyperliquid, it was a form of resistance. but it was quickly detected by the community because their transactions were open on-chain. Since he couldn't directly destroy it, he created a similar competitor to balance things out, and that's also why he shilled ASTER in his tweet, which can be considered a form of promotion.

The buyer-seller interaction in the first week was indeed extraordinary before it was listed on several exchanges, but what always caught the attention was the MEXC exchange's swift listing of the token. Yes, the hype for this token is truly extraordinary, fueled by CZ, despite its current price downtrend due to the BTC correction.

I agree that Aster was born for a reason, and it's easy to see how CZ maneuvered to undermine Hyperliquid's dominance without directly attacking its position. To date, he hasn't signaled a plan to list the Aster token on Binance. Perhaps he still sees the dominance of large wallets, which could potentially disrupt price movements if they are disposed of and are not evenly distributed, so he's allowing this situation to persist by delaying the listing.

I can assure you that without CC behind it, it would be very difficult for the ASTER project to gain attention from the outside community. CZ plays an important role in this hype as the main driver of FOMO, because when compared to Hypeliquid, it is still much better overall.

People may be experiencing FOMO because they consider the Hyperliquid token to be quite expensive and are looking for a similar alternative, and at that moment, ASTER was created to fulfill that expectation.

I think it's a marketing technique, and people will hope that once they have ASTER coins, they will immediately be listed on the main exchange, and as usual, if they are listed on Binance, the price will increase significantly. They are cooking something up.

[tokeweed]

^  Yup, it's hard to disagree.  AsterDEX is technically inferior than Hyperliquid, the devs of HL are way better and most of CT def loves Hyperliquid and Jeff more.  There are even some guys who are starting to call CZ as 'Evil Jeff'.  Lolol.

And this pic started floating around Twitter.    So hilarious.



But yeah, ASTER is mostly a CZ trade.  It doesn't matter what it is or how good it's doing.  It was going up because of CZ.  The DEX is also heavily farmed for its airdrop.  Let's see what happens next month after the first airdrop.

[khiholangkang]

^  Yup, it's hard to disagree.  AsterDEX is technically inferior than Hyperliquid, the devs of HL are way better and most of CT def loves Hyperliquid and Jeff more.  There are even some guys who are starting to call CZ as 'Evil Jeff'.  Lolol.

And this pic started floating around Twitter.    So hilarious.



But yeah, ASTER is mostly a CZ trade.  It doesn't matter what it is or how good it's doing.  It was going up because of CZ.  The DEX is also heavily farmed for its airdrop.  Let's see what happens next month after the first airdrop.

CZ really wanted to fight the Dex game after he led the dominance of CEX, Asterdex was his tool and he really played his role to increase insight to the investors who liked it.
Overall better than hyperliquid, I also felt it after several times trying.

If Aster wants to defeat Hyperliquid from their airdrop, it is necessary to issue a very large number of tokens for the community, because as we know the accumulation of Airdrop Hyperliquid's count is the biggest airdrop in this cycle if I do not, Aster must do it too so that their community survives and continues to grow.

[tokeweed]

^  Uh...  I mean sure, CZ could make AsterDEX a no KYC frontend for Binance but saying that it's 'better than Hyperliquid' at this time in the game is just straight up a lie.  Lol.  I mean, anybody... Tell me if I'm wrong.  You can't. 

As for their airdrops, here's the defining factor for Hyperliquid...  They have real users who love trading in the DEX and actually love being around the community.  AsterDEX on the other hand has a lot of wash trading and people just farming the DEX for the airdrop to sell the tokens down later.  And most of these people are those ones that missed the Hyperliquid airdrop that are still looking for 'their Hyperliquid'.

[shinratensei_]

^  Uh...  I mean sure, CZ could make AsterDEX a no KYC frontend for Binance but saying that it's 'better than Hyperliquid' at this time in the game is just straight up a lie.  Lol.  I mean, anybody... Tell me if I'm wrong.  You can't. 

As for their airdrops, here's the defining factor for Hyperliquid...  They have real users who love trading in the DEX and actually love being around the community.  AsterDEX on the other hand has a lot of wash trading and people just farming the DEX for the airdrop to sell the tokens down later.  And most of these people are those ones that missed the Hyperliquid airdrop that are still looking for 'their Hyperliquid'.

We will see the real metric shortly after the season 2 of incentivized trading end and I think it has ended now.
Saying aster better than hyperliquid is defnitely a stretch knowing that the withdrawal sometime take days while in hyperliquid it's faster.

The UI is also so ugly, I traded on the platform and man I would be lying if i say aster has better UI than hyperliquid .

[tokeweed]

^  It's not just about the withdrawal time.  Lol.  It's just the overall make up of each protocol.  Hyperliquid has a grander vision with the DEX complementing the entire HL ecosystem at the center and where all the other protocols could tap liquidity from it.

AsterDEX on the other hand looks like it's just something that was made to compete with Hyperliquid.  Once the hype dies down, what then?

[BitHodlers]

^  Uh...  I mean sure, CZ could make AsterDEX a no KYC frontend for Binance but saying that it's 'better than Hyperliquid' at this time in the game is just straight up a lie.  Lol.  I mean, anybody... Tell me if I'm wrong.  You can't. 

Even if you ignore any technical details which are still more favorable for Hyperliquid, saying something like that is stupid. AsterDEX is very new and unproven, it could be hacked next week for all we know. This gambling mania rush that happens in crypto is very dangerous. People don't learn lessons often..