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Astar (ASTR) Price Prediction: Market Crash Imminent? Is Wall Street Memes More Reliable Option

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Astar
Astar

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Astar (ASTR) token has achieved the ninth position among the top 10 daily gainers on IXFI, experiencing a 7% daily increase.

Recent positive developments indicate the possibility of defying market expectations, potentially leading to a substantial 90% upside gain.

Binance Japan Launches: ASTR Among 34 Tokens Listed, Boosting Value

Binance has officially commenced operations in Japan under the banner of Binance Japan.

This expansion saw the listing of approximately 34 tokens for trading within the country. ASTR was included in this lineup, contributing to its enhanced value. This strategic move enables users to purchase and trade ASTR on the newly established Binance Japan platform.

Astar Network: Pioneering Smart Contract Platform with Build2Earn and Interoperability

Astar Network stands out as Japan’s premier smart contract platform. It facilitates EVM and WebAssembly (Wasm) compatibility with a Cross-Virtual Machine for seamless interoperability. Their pioneering Build2Earn initiative incentivizes decentralized app developers.

This comes as it provides incentives and direct funding through the Astar Incubation Program. Operating within the Polkadot (DOT) ecosystem, Astar boasts bridges to major platforms like Ethereum, Binance Smart Chain (BSC), and more. This allows asset and communication flow.

Astar’s synergy with Ethereum, Polkadot, and Cosmos ensures cross-ecosystem integration. The unique decentralized application (dApp) staking mechanism offers ASTR rewards, driving ecosystem growth. Astar empowers developers with familiar tools, ensuring inventive solutions in their multichain-native Wasm + EVM runtime environments.

Astar

In the Astar Network, the circulating supply is 4.49 billion $ASTR. Staked is 3.59 billion ASTR, while the staking rate is 89%.

ASTR Price Analysis

The daily price chart analysis of ASTR/USD suggests the potential for a bullish reversal. The coin’s price has approached the upper boundary of a descending triangle pattern, testing the sloping resistance line. While there appears to be a breach above the triangle, confirmation of the breakout would require a candle close above this level. The ascending black trendline provides initial support.

Astar
TradingView: ASTAR/USDT 1-day chart

Looking ahead, the first resistance is anticipated at $0.0616. A correction might follow this point before a potential upward movement toward $0.0975. This represents an approximate 89% increase from the current price.

The Relative Strength Index (RSI) indicates upward momentum, suggesting the likelihood of future price gains. Additionally, the crossover of the lower Exponential Moving Average (EMA) above, the higher EMA reinforces the impending bullish trend. However, the Moving Average Convergence Divergence (MACD) histograms have recently dipped below the zero line. This indicates a weakening of bullish pressure.

The prevailing outlook indicates a potential absence of an imminent market crash, favoring the likelihood of a reversal.

While Astar price works out its next move, shift gaze to a promising alternative, WSM,  which shows significant growth potential.

Alternative to ASTR

Amid the ongoing uncertainty surrounding ASTR price performance, Wall Street Memes (WSM), the highly successful cryptocurrency still in its presale phase. It is garnering significant attention and momentum.

Having recently achieved a remarkable milestone, WSM has secured over $22.073 million in funding. This feat marks a pivotal moment in its presale journey. Surpassing this funding level signifies initiating a new phase for the token’s presale.

Presently, the token is valued at $0.0331, with an anticipated increase to $0.0334 within the next five days and 17 hours following the conclusion of the ongoing stage. This rise could occur even sooner if the subsequent funding goal of $23.97 million is reached before the designated timeline. Interested investors can participate in the presale by acquiring WSM using ETH, BNB, USDT, or credit and debit card transactions.

The origins of WSM trace back to the WallStreetBets subreddit, where a collective of amateur investors famously stood against institutional counterparts shorting GameStop stock in early 2021. This movement bolstered GameStop’s value through a surge in share purchases and epitomized a rebellion against traditional financial institutions.

Wall Street Memes: A Rising Star in the Meme Coin Market

As the meme coin market experiences a resurgence, Wall Street Memes stands out as a project capturing widespread attention. Boasting a burgeoning community of over one million members, the presale has outstripped initial expectations, amassing a staggering $22 million in funding. This achievement is particularly noteworthy for a nascent meme coin endeavor, highlighting its potential to become a standout launch in the third quarter of 2023.

WSM’s ethos remains aligned with its anti-bank roots, with a significant allocation of token supply directed towards community rewards and liquidity. The democratic nature of the project has facilitated its remarkable growth on social media, with an impressive one million followers within the Wall Street Memes community.

With the potential for major listings on prominent crypto exchanges, such as Gate.Io, the trajectory of WSM appears poised for further ascent. Building on the success of the Wall Street Bets NFT collection, this project continues to channel the spirit of its origin, offering investors an opportunity to participate in a burgeoning meme token phenomenon. Seizing a portion of this promising venture could prove to be a strategic move in the ever-evolving landscape of cryptocurrency.

Visit Wall Street Memes here

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