Astar Network $ASTR will 40x - 130x this bull run!KRAKEN:ASTRUSD may be one of the most undervalued, under-the-radar cryptocurrencies at the moment.
Astar is the token of the Astar Network. Recently, it was announced that Astar zkEVM will transition to become #Soneium, the revolutionary #Ethereum CRYPTOCAP:ETH L2 launched by #Sony. The founders of the Astar Network and Soneium have announced and confirmed that the Astar Network is a special partner of Soneium and that there will be massive incentives and rewards for Astar token holders. Sony is the first giant tech and entertainment company to enter the crypto industry. Sony will launch a #crypto exchange in #Japan. Sony has a vast entertainment network - Sony Music, Sony Gaming, Sony Film will all be integrated within the Soneium network, so the Astar Network (& Token) will, als the de-facto coin of Sony, have massive utility, unmatched by any other cryptocurrency currently in existence. This insanely bullish news will finally lead to crypto Going Mainstream #GM - and here's your chance to be "in" before the masses arrive - and they will arrive.
This is the bullish narrative and news for #Astar.
However, the Astar chart also shows promising bullish signals.
1. There is a massive hidden bullish divergence on the weekly chart, indicating underlying strength.
2. There has been an EXPLOSIVE increase in volume near the lows. The insane increase in volume began prior to the Soneium announcement, which count hint at insiders accumulating.
3. On Balance Volume is also increasing EXPLOSIVELY, which indicates that the massive increase in volume was primarily due to BUY PRESSURE (buy volume), not sell pressure!
Now, how high can Astar Network go?
Currently, the coin is ranked #140 in terms of marketcap. Its market cap is $0.45b while its fully dilluted marketcap is $0.5b. This means there won't be many unlocks, and, in fact, the Astar Foundation has been burning tens of millions of tokens. The tokenomics are insanely bullish. Furthermore, the coin has very high volume, which means its a liquid coin.
SCENARIOS:
1. Astar bull cycle market cap = Polkadot's current marketcap --> 14x
2. Astar bull cycle market cap = 2x Polkadot's current marketcap --> 28x
3. Astar bull cycle market cap = Polkadot's 2021 marketcap peak --> 130x
4. Astar bull cycle market cap = half of Polkadot's 2021 marketcap peak --> 65x
--- Astar bull cycle market cap = the average of the above 4 scenarios --> 60x
5. Astar bull cycle market cap = Filecoin's 2021 marketcap peak --> 28x
6. Astar bul cycle market cap = Cosmos' 2021 marketcap peak --> 28x
--- Astar bull cycle market cap = the average of the above 6 scenarios --> 49x
--- Astar bull cycle market cap = the average of the two averages --> 55x
7. Astar bull cycle market cap = 20% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.20 = 16 billion / 7.5 billion = 2.13 / 0.062 = 34x
8. Astar bull cycle market cap = 50% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.50 = 40 billion / 7.5 billion = 5.33 / 0.062 = 86x
--- Astar bull cycle market cap = average of the last mentioned two scenarios = 60x
--- Astar bull cycle market cap = average of all the outcomes above (scenarios + averages of scenarios) = 637 / 12 = 53x
Based on these scenarios, a 53x could theoretically happen for the Astar token. The token checks all marks: extremely bullish reversal chart, incredibly bullish news + narrative, new token, good tokenomics, and potential future catalysts to fuel it rising even higher (like a listing on Coinbase, for example).
In my opinion, Astar could 53x from here.
The Astar Network chart looks like it is poised for a breakout. A break above the $0.1 level could trigger a parabolic move.
Finally, lets not forget that Astar Network token has been in a correction since January 2024, while most other coins have only been correcting since April. In other words: Astar's bear market is more advanced and could therefore, theoretically, reverse sooner than other coins.
Do with this information as you wish!
