Aster price forecast: Is 59.4% possible by early November?

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Due to several bullish catalysts, the ASTER coin has recently quickly been driven into overbought territory. Moreover, this could just be the beginning of an even stronger rally. In this article, you'll learn why this is happening and what the Aster price forecast depends on.

This Monday, the second phase of the Aster airdrop began , comprising 320 million ASTER coins , currently valued at approximately USD 336 million . This increases the total supply of 8 billion ASTER coins by 4% . Due to the airdrop, higher trading activity on the Perp DEX is also expected , which in turn could drive buybacks and burns during this time .

The AirDrop is scheduled to be completed at 1:59 AM on October 6, with claims beginning on October 14. Some investors may already be creating downward pressure in advance due to concerns about potential profit-taking, which could even continue after the claims. Since there is no lock-up period , investors should keep a close eye on this date.

In addition, Perpetuals have now been integrated into Trust Wallet , which is also part of Binance. The trading platform Robinhood also added the ASTER coin to its offerings today . All of this has helped the token achieve a price increase of 13.6% today alone, bringing its gain to 999.63% since its market launch in September.

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In addition, it was announced today that the launch platform Rocket Launch has been launched and will host its first event on October 24th . This platform supports early-stage projects. It offers various mechanisms , such as rewards in the ASTER coin tied to the trading of new coins, creating a self-reinforcing cycle .

The projects generate new coins and funding, which Aster then uses to buy back ASTER coins, which are then added to a reward pool that rewards users who trade . This allows the project to gain volume and visibility, which is particularly important for newcomers . Aster itself is also likely to further expand its market position.

On-chain data from Aster | Source: DeFiLlama

The platform certainly needs this compared to the current market leader. After the Binance Perp DEX briefly overtook Hyperliquid in 24-hour Perp DEX volume, Aster is now only in third place with USD 9.76 billion , behind Lighter with USD 10.38 billion and Hyperliquid with USD 11.52 billion. In terms of regular DEX volume, however, ASTER only has USD 91.09 million and HYPE USD 292.73 million.

Over the past 24 hours, Aster was only able to raise USD 570,468, according to DeFiLlama, while Hyperliquid's USD 4.26 million . Nevertheless, Aster leads the 30-day comparison with USD 245.07 million compared to Hyperliquid's USD 113.74 million, meaning the Perp DEX could quickly reach higher volumes again through the AirDrop if traders temporarily switch for free funds .

However, competition is also growing on Ethereum and Tron . By the beginning of November, increases to USD 1.71 are still possible , which represents a 59.4% increase from the current price of USD 1.0728.

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Aster chart | Source: Tradingview

Of course, cryptocurrencies like Bitcoin, with frequent gains of only 1% to 3%, offer a good opportunity for perpetuals, allowing investors to generate significant profits even with small price movements, like day trading. But imagine what happens when you combine a memecoin with 10-30% gains with 1,000x leverage.

This would result in returns of 10,000% to 30,000%, meaning you could turn a $1,000 investment into $101,000 to $301,000 in one day . Of course, small investors who become whales can also rapidly increase market capitalization, so returns of more than 10% to 30% per day are also conceivable. This is precisely why the new Maxi Doge was launched.

In addition , various mechanisms will be implemented to further enhance the pump dynamics. Among other things, the Maxi Fund has been launched to reward brave traders for their support . Viral marketing will also be implemented to gain sufficient followers.

There's probably no other memecoin currently priced so low yet capable of soaring so high. Anyone who wants to join the mission should hurry and ideally participate during the presale. The presale has raised USD 3.74 million so far and will offer the MAXI coin for USD 0.0002645 for the next three days.

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