Aster Price Prediction As Investors Buy The Dip: $4 In October?

New DEX coin Aster (ASTER) has been among the hardest-hit cryptocurrencies in the ongoing market crash, as investors front-ran a potential supply overhang from its upcoming airdrop.

After trading as high as $2.19 on the news of its Binance spot listing, the Aster price fell over 30% to $1.52 on Friday. 

However, buyers are starting to step in at key support levels. Prominent trader and WeRate co-founder Quinten disclosed that he has increased both his spot holdings and his 2x long position around the $1.54 mark.

With a potential double bottom brewing on its price chart, Aster appears poised for a bounce back. Several top analysts remain confident in their prediction that the Aster price will hit $4 in October or early November. 

Aster’s success is bullish for all DEX and platform coins. Even low-caps like the Best Wallet Token are in high demand, with many calling it the next 10x crypto. 

Will The Upcoming Aster Airdrop Result In A Bigger Crash?

Season 2 of the Aster airdrop, Genesis, is now complete and token claims will begin on October 14. The Airdrop Checker will go live today, allowing token holders to check their eligibility for the upcoming claims. 

Token prices often come under heavy selling pressure after claims go live, as airdrop recipients typically take profits on their newly received tokens.

However, trader and WeRate co-founder Quinten argues that the supply overhang from Aster’s airdrop may not be as bearish as the market expects.

First, he points out that Binance insiders, and possibly the exchange itself, farmed a large portion of the airdrop, meaning a significant share of the supply will likely remain off the open market.

Second, given the strong long-term bullish sentiment around Aster and Changpeng “CZ” Zhou’s open endorsement, most recipients are expected to hold rather than sell, anticipating higher valuations ahead.

Third, Quinten characterizes Aster as CZ’s “revenge project” against Hyperliquid, suggesting the Binance co-founder is determined to drive its valuation beyond that of his rival platform.

Finally, with rumours of an Aster buyback program circulating, Quinten believes the token is poised for a substantial upward repricing, making buying the dip on post-airdrop fears a contrarian but potentially rewarding move.

Aster Price Prediction: $4 in October?

The Aster price fell by nearly 30% from its recent high. However, it is showing strength at a key support level. 

During last month’s correction, ASTER found support near $1.51, which now appears to be acting as a strong floor once again. After retesting that level today, the token is showing early signs of a rebound.

Notably, its Relative Strength Index (RSI-14) has dipped into its most oversold zone yet on the 4-hour timeframe, hinting strongly at the possibility of a bullish reversal.

Similarly, on-balance volume (OBV) is beginning to bounce from a key horizontal support area, suggesting that accumulation pressure is building, a development that confirms the double-bottom. 

The Aster price is due for a bounce back. Now, a breach of the $2.05 – $2.15 resistance zone will likely result in a new all-time high. 

Prominent analyst Vespematic also agrees with the double-bottom thesis in his latest Aster price prediction, projecting the token to hit $4 in October. 

Experts Call Best Wallet Token The Next 10x Crypto

Aster’s success is bullish for all utility coins, especially for DEX and platform tokens. It highlights how even high utility tokens can deliver attractive returns and not just meme coins. 

Even new low-cap platform coins are in high demand. For instance, the Best Wallet Token (BEST) has raised $16.4 million in its ongoing presale. 

BEST is the native token of the Best Wallet, a multi-chain, non-custodial and no-KYC crypto wallet. 

Unlike traditional wallets like MetaMask and Phantom that support only one or two chains, Best Wallet already supports multiple networks, including Bitcoin, Ethereum, BNB Smart Chain, Solana, Polygon and Base Chain. In fact, it aims to offer support for 60-plus chains in the coming months. 

Besides the traditional wallet capabilities, such as buying, selling, swapping, sending, and storing crypto at the lowest rates, Best Wallet also offers several cutting-edge features. These include derivatives and futures trading, an all-in-one staking protocol, an in-app crypto news feed, an NFT gallery and more. 

The presale staking aggregator is already live and in high demand, as it allows users to buy trending presale coins at the lowest possible rate. 

With BEST at the core of the ecosystem, it is no surprise that experts are bullish on its upside prospects and are calling it the next 10x crypto. Many early buyers are even eyeing up to 100x returns.