Why $ASTEROID hasn’t pumped to $1B yet… even after getting listed on Aster dex perps
After Elon Musk replied OK to Liv's request to make asteroid the official SpaceX mascot, the token pumped 68kx from $17M to over $160M in days
Here’s why it hasn’t hit $1B:
1. SpaceX has a very strong and iconic brand and logo, they won't change it casually.
2. Elon’s Ok was informal and not an official confirmation
3. SpaceX has still not made Asteroid their mascot officially.
4. No major CEX listing from Binance or Coinbase
Bull case scenario:
if we get another SpaceX casual tweet about asteroid or a confirmation tweet, a Binance spot listing, there is a chance, it will pump to 500-$1b Mcap
Bear case:
the narrative fades, traders take more profit and the market rotates away from asteroid to another story driven memes.
What do you think
Is 1b mcap possible?
