Yesterday, the PRL that was brought to the community has become the most eye-catching today, with a price increase of more than double! And it continues to rise! I haven't seen such a 'good coin' in a long time!
What I mean by a good coin is not just one that rises, but one that gives everyone in the market a fair opportunity to enter at a low price before continuing to rise. This was certainly the case when aster first launched.
So, a good coin that provides everyone the chance to enter at a low price is rare!
Why I bought this coin, to put it simply:
1. Background: Binance's wallet had an exclusive IDO, and only a modest $100,000 was raised, with very few tokens distributed. If I remember correctly, the total fundraising was $17.5 million, but the market cap at launch was only $10 million!
2. The IDO cost price is 0.1, which is also the launch price. The institutional cost is 0.065, and it is locked. Therefore, the launch price of 0.1 is equivalent to everyone's cost price, with no large profit-taking pressure.
3. A classic stingy project, the tokens distributed by the project party are extremely few, pushed to the extreme, which means they definitely want to control the supply tightly!
4. Expectations of being listed on Coinbase and Binance contracts.
So, from the information gathered at launch, one can easily draw a conclusion:
A wealthy project that spent a lot on promotion before launch but only distributed a minimal amount of tokens, must mean the team wants to control the supply tightly. What is the purpose of high supply control? Most likely, they want to pump the price!
With a very low launch price and market cap, and no profit-taking pressure, there is no reason for a price drop!
There are expectations for contracts on Binance and Coinbase, and the positive news hasn't materialized yet.
So, summarizing these points provides sufficient reasons to bet on its price pump!
And indeed, it is just as predicted!
As for how far it can go, we will take it step by step! Currently, there are no signs of peaking.