Aster price has gone parabolic this month, becoming one of the best-performing tokens in the cryptocurrency market. It has jumped by over 320% from its lowest point this month as its key metrics soared.
Aster Price Rises Amid TVL and Volume Surge
Aster, a top perpetual DEX network, is doing well this month. Data compiled by DeFi Llama shows that the total value locked in the network has experienced a parabolic rise, reaching a high of $2 billion, up from $141 million in January of this year.
Another important metric shows that Aster’s perpetual volume has jumped to over $80 billion this month. This represents a significant increase, as the network has just handled about $241 billion in cumulative volume.
As such, it has become one of the biggest players in perpetual futures trading. It has also evolved into a key competitor to Hyperliuid, the biggest player in the industry.
Technical analysis suggests that the Aster price has more upside potential as it has slowly formed a bullish flag pattern. This pattern comprises a vertical line and a horizontal channel. It often leads to a strong bullish breakout, and in this case, it may push the Aster price to $3 and beyond.
Whales Turn to Pudgy Pandas
Meanwhile, Asian whales have spotted the next big thing in the crypto industry. Pudgy Pandas has become an overnight success as investors bet that it will be the next big thing in the crypto market.
Precisely, these whale investors are betting that Pudgy Pandas could become the next big animal-themed coin. They see it becoming a bigger coin than the widely successful Shiba Inu and Pudgy Penguins. This explains why they have bought PANDA tokens worth over $3.39 million in less than two weeks.
Pudgy Pandas is a token based on the panda, a rare and highly popular animal in Asia. Its goal is twofold: to provide a return to its buyers and help to conserve the panda, which is seen by some as an endangered species.
The team has implemented mechanisms to achieve the two goals. For example, early PANDA buyers are almost certain to receive a substantial return. That’s because the token started selling at $0.0210 on Monday of last week and will then jump to $0.06055 during its token generation event.
The team has also set the TGE to happen in October, a month when the fourth-quarter crypto bull market typically takes place. As such, the coin will likely join the other altcoins in a strong bull run.
The panda conservation effort will be enabled by the millions of tokens in the network. 10% of the token will go towards the Panda Conservation Fund and will have a ten-year linear emission. An additional 10% will be allocated to the Panda Birth Initiative. Hurry up and buy PANDA here.
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