The Federal Reserve introduced a favorable scenario for the markets; however, the persistent uncertainty surrounding a potential rate cut in December has caused widespread panic. The layoffs undertaken by major corporations to boost profitability, along with the decline in Meta’s stock and other minor developments, have dampened risk appetite. Despite significant news such as the China deal, the speculative nature of the market decline remains a subject of concern. What’s in store for Aster and SEI Coin?
Aster Coin’s Strategic Moves
Recently, the Aster Coin team announced its buyback program, providing a strong rationale for price increases. The team recently shared the wallet address linked to the buybacks, demonstrating that the program is not just a story but a genuine reduction in Aster supply using the generated revenue. As of now, the shared BSC address contains $6.917 million worth of Aster Coin, and on-chain confirmations show the buybacks began an hour ago.
For verification, one can track the activities of the address 0xE307F534EEc7256331C347Ad73E7A08446F1d7a7 on BSC Scan. The community’s strong interest and transparency in the ongoing buyback have led Aster to disclose the buyback address earlier than planned, with the intent to further bolster community trust.
As for the price, it is not yet at the desired levels, though Sherpa predicts it will rise. Sherpa is currently observing from the outside, concerned about the potential break of $107,000 for BTC, having sold his assets for a possible buy-back once the rise occurs.
Analyzing SEI Coin’s Prospects
Ali Martinez has recently turned his attention to SEI Coin. While most people are clearing out their short-term positions in their favorite altcoins, Martinez interestingly sees an upward signal for SEI Coin. Although the TD indicator often quickly changes direction, it appears to be potentially stable this time, which could lead to gains for SEI Coin.
With $0.19 holding strong as support, Martinez anticipates a reversal beyond $0.31 and higher levels.