[ASTER] AsterDEX Speculation

[buy-IOTA]

This isn't a bet on technology. This is a bet on CZ. You're not investing in a superior DEX; you're trading the narrative that the most powerful man in crypto is about to put his full weight behind a project. It could absolutely moon, but it's a high-stakes game. It's the beloved indie developer (Hyperliquid) versus the AAA studio with a huge budget but maybe less soul (AsterDEX).

It's going to be a fascinating battle to watch, that's for sure. Good luck out there, guys.

[Delver]

cz launched this trash to rug everyone ! same as trump coin

[asriloni]

An update from Aster. The dev is now implementing the automatic buy back mechanism, and it's already deployed in a specific contract address. My view on this is that a good plan for long term. The announcement of this buyback mechanism don't give impact to the price. However, long term projection will be bullish as team will allocate 20% - 40% range from daily fees collected by platform for buy back purpose.

However, it may take years before we will see the real impact from this buyback mechanism. this reminds me with BNB when Binance announced its token mechanism. Deflationary token often have steady up chart in long term.

Any opinion in this?

[tokeweed]

^  Oof...  They could've timed their announcement better imho.  This sort of thing is good when the sentiment is slightly bullish - full on bullish.

I mean buy backs are good but looking at Hyperliquid, the HL community is starting to learn that buy backs don't really matter as far as price goes.  Hyperliquid is buying back with 97% of fees that the protocol generates but it still is down more than 50% from the highs.

Edit:  Typos

[Juse14]

^ This only increases speculation and drives adoption due to hype, although in the long term it may affect the coin's true value. Honestly, they're late in doing this. It should have been the right time when they were getting a lot of buzz and starting to be noticed as a competitor to HYperliquid, and it would have definitely boosted their coin's price.
From the purchase allocation perspective, what Hyperliquid is doing is much better. Will they do the same thing as the burn? It's possible, or did I miss it?

The price dropped because holders/buyers were selling. It can't be denied that entering a bear market will drive selling in any coin or token. I think because of the high $Hype, buyers were selling, especially those who got it from Airdrops, they were definitely maximizing their profits before entering a bear market.

[tokeweed]

^  The only guys saying that Aster is starting to be a serious competitor to Hyperliquid are Aster users and CZ's goons.    Hyperliquid still remains to be the leader in perps DEX's and people should realize that they did it without any support from the guys like CZ and it didn't take any outside investment from investors.  They are funded with their own money and have an 11 man team which is relatively small if we consider how huge Hyperliquid has become.

And it doesn't have a marketing team.  Lol.  Everything bit of 'marketing' has been a community effort. 

[Juse14]

^ I agree if there was no CZ behind the AsterDEX project it would not be what it is today, seeing how their developers lost, roadmaps, tokenomics, services, features, network and also the community is better Hyperliquid because indeed the Hyperliquid community grew naturally, I will never doubt that a lot of Hyperliquid maxi without the push of developers or marketing team, it was born from the community for the community.
There is another product that is said to compete with Hyperliquid, Lighter, but I don't see it as a big threat to Hyperliquid's dominance even though it is better than Aster, what do you think about Lighter?

[asriloni]

^  Oof...  They could've timed their announcement better imho.  This sort of thing is good when the sentiment is slightly bullish - full on bullish.

I mean buy backs are good but looking at Hyperliquid, the HL community is starting to learn that buy backs don't really matter as far as price goes.  Hyperliquid is buying back with 97% of fees that the protocol generates but it still is down more than 50% from the highs.

Edit:  Typos

The problem is lacking of innovation. It makes people are so reluctant in holding their HL even there was burning mechanism that is still going on. Burning mechanism is good, but it must not be the only thing that the token relied with.

Let's take a look at BNB. They did burn mechanism quarterly, yet they also develop so many utilities for their own coin. The innovation such as Launchpad, Launchpool, Hodler airdrop and many more  makes holders keep staying.

I hope these perp developers will learn if utilities are things that makes people keep believing in the token.

[tokeweed]

^  Uh don't think so.  What we're seeing is both the market overall is down bad and the people who received the airdrop still selling their tokens.  Remember, most of the people who received the airdrop are the guys who trade perps.  And with the market down bad, they have losses...  What do you think they'll do to cover those losses? 

Yup...  Sell the airdrop.  Lolol.

Anyway, things will be better soon.  These things need time to play out.

[dzungmobile]

^  Uh don't think so.  What we're seeing is both the market overall is down bad and the people who received the airdrop still selling their tokens.  Remember, most of the people who received the airdrop are the guys who trade perps.  And with the market down bad, they have losses...  What do you think they'll do to cover those losses? 

Yup...  Sell the airdrop.  Lolol.

Anyway, things will be better soon.  These things need time to play out.

Bounty hunters mostly don't have enough patience for holding tokens they received as bounty rewards. Airdrop hunters mostly sell their tokens distributed by any project very quickly as they need money and they even don't believe in future of any project.

It's generally good as altcoins are all dangerous and lose their prices with time. Selling pressure on altcoins are huge especially in a bear market with many months that are long lasting and very stressful for altcoin holders.

Perpeptual DEX can be the future of cryptocurrency market and cryptocurrency enthusiasts but ASTER won't rise too soon in this general bearish condition. In the future, there is risk from regulations as Perp DEX will sooner or later become a favorite of governments like how they enforeced KYC and AML on centralized exchanges after years of unnotice on this industry.

[tokeweed]

^  It's called mercenary capital.  It's the guys who move their liquidity from one protocol to another to be eligible in airdrops then dump the airdrop asap then move on to the next airdrop.  Lolol.

There's this guy called CC2 on Twitter who made a lot of money doing it and it was Hyperliquid that retired him.  He prolly got over 7 figs at current price range of HYPE.

[Chikito]

This one is a perps and spot DEX like Hyperliquid. 

I see the deja vu of competition.

When Uniswap booming, they created Pancakeswap.

So when Dex perps Hyperliquid appear, they also created AsterDEX.

They don't want have any competitors on crypto world.

We have to enjoy this moment.

[dwyane36]

Bounty hunters mostly don't have enough patience for holding tokens they received as bounty rewards. Airdrop hunters mostly sell their tokens distributed by any project very quickly as they need money and they even don't believe in future of any project.

It's generally good as altcoins are all dangerous and lose their prices with time. Selling pressure on altcoins are huge especially in a bear market with many months that are long lasting and very stressful for altcoin holders.

Perpeptual DEX can be the future of cryptocurrency market and cryptocurrency enthusiasts but ASTER won't rise too soon in this general bearish condition. In the future, there is risk from regulations as Perp DEX will sooner or later become a favorite of governments like how they enforeced KYC and AML on centralized exchanges after years of unnotice on this industry.

Yes, it often happens that exchanges add a token, and its price drops sharply due to heavy selling pressure from bounty hunters who are only interested in making a quick profit. However, the reason Aster is at the bottom is not only this, but also, in my opinion, due to manipulation. I remember that in the beginning, they inflated trading volumes, thereby creating fake activity on the platform. By the way, this led to the project being delisted from DefiLlama.

[tokeweed]

^  And it's not only that...  Perps dex's like Aster or Lighter and the rest of them are light years behind Hyperliquid in user experience. 

If some of you guys haven't tried trading at HL, I encourage you to try it at least once.  Jeff Yan and co basically made trading at a perps dex feel like trading in an exchange like Binance.  Everything is smooth, fast and it just works.  Wven after the airdrop, I've traded with 90% of my bankroll over there. 

Some people say there's a hidden points season.  Lolol. 

[dwyane36]

^  And it's not only that...  Perps dex's like Aster or Lighter and the rest of them are light years behind Hyperliquid in user experience. 

If some of you guys haven't tried trading at HL, I encourage you to try it at least once.  Jeff Yan and co basically made trading at a perps dex feel like trading in an exchange like Binance.  Everything is smooth, fast and it just works.  Wven after the airdrop, I've traded with 90% of my bankroll over there. 

Some people say there's a hidden points season.  Lolol. 

Previously, many users were interested in these DEXs because of airdrops, but now it's clear that many are interested in Hyperliquid rather than other DEXs. By the way, Aster ranks second in terms of both volume and open interest, and it's worth noting that it has the advantage of support from CZ.

[0xredhot]

After ASTER L1 comes out and ASTER staking its time to get out I think, there wont be anything else to improve by them, I still think Hyperliquid has better tech and team, unless Aster gets good dev team to compete for now, they are just competing with narrative it is backed by Binance.

[tokeweed]

^  And it's not only that...  Perps dex's like Aster or Lighter and the rest of them are light years behind Hyperliquid in user experience. 

If some of you guys haven't tried trading at HL, I encourage you to try it at least once.  Jeff Yan and co basically made trading at a perps dex feel like trading in an exchange like Binance.  Everything is smooth, fast and it just works.  Wven after the airdrop, I've traded with 90% of my bankroll over there. 

Some people say there's a hidden points season.  Lolol. 

Previously, many users were interested in these DEXs because of airdrops, but now it's clear that many are interested in Hyperliquid rather than other DEXs. By the way, Aster ranks second in terms of both volume and open interest, and it's worth noting that it has the advantage of support from CZ.

And what's funny is the guys who kept on using Hyperliquid, not because they think there's gonna be another airdrop, but just because they like the exchange, are gonna be those ones who are gonna be airdropped a lot of money again.   

At least that's what I think is gonna happen.  So be on the look out and trade in HL because you like it.    I mean it's really one of the best exchanges I've ever traded in.  And by exchanges, I mean both CEX's and DEX's.  I rarely trade perps in Binance anymore.