Aster price has gone parabolic this month as it became one of the best-performing tokens in the crypto 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 gone parabolic, reaching a high of $2 billion, up from $141 million in January this year.
Another important metric shows that Aster’s perpetual DEX volume has jumped to over $111 million this month. This is a big increase as the network handled less than $10 billion last month.
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.
Technicals suggest that the Aster price has more upside to go as it has slowly formed a bullish flag pattern. This pattern comprises of 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 panda, a rare and highly popular animal in Asia. Its goal is twofold: to provide a return to its buyers and help to conserve panda, which is seen by some as an endangered species.
The team has put in place mechanisms to achieve the two goals. For example, early PANDA buyers are almost assured of a huge return. That’s because the token started selling at $0.0210 on Monday 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 where the fourth-quarter crypto bull market normally happens. 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. Another 10% will go towards the Panda Birth Initiative. Hurry up and buy PANDA here.
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