ASTAR : THE Token of Sony's Soneium Blockchain!
Last week, Sony announced it's Soneium Blockchain that has been in the works since last year. Earlier today, the launch of Soneium's testnest was announced during Japan's WebX event. Japan's Prime Minister and Japan's Minister of Economy gave a speech at this event. After their speeches, the stage was given to Sony's Soneium representative and the creator of the Astar Network.
Sony also announced that the ASTAR
ASTR token will be a key asset on its Soneium #Blockchain.
Previously, #Sony has announced that it will launch a #crypto exchange in Japan.
ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically.
Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity.
The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet.
Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased.
With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
Sony also announced that the ASTAR
ASTR token will be a key asset on its Soneium #Blockchain.Previously, #Sony has announced that it will launch a #crypto exchange in Japan.
ASTR is currently a relatively low marketcap coin, sitting somewhere at the #130th position. #Astar's tokenomics are also great ; it's fully diluted marketcap is close to its current market cap, which gives it a major advantage over most other coins, which have massive unlocks periodically. Astar has incredibly volume. In fact, it's volume/market cap is one of the best in all of crypto - currently, it's 0.147 - compared to Ethereum's 0.07. This means the coin has very high liquidity.
The coin is also relatively new. It was launched during the bear market, so it has time to build a community and doesn't have as many bagholders yet.
Looking at the weekly chart, we can see a massive hidden bullish divergence. The price has been making higher lows on the weekly chart, while the RSI has been making lower lows. This means that the token has managed to hold its gains on the weekly timeframe even though sell pressure increased.
With a market cap of under $0.5 bn, it has the potential for a 20 - 50x this cycle.
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