$ASCEND Price Action and Progress β Our Take π
Ascend did a 3-4x very quickly, so traders taking profits is 100% normal. π
We've seen some whales selling while new holders are picking up the supply β meaning new wallets entering and weak hands getting shaken out. That's healthy. β
Stacking tokens long term is based on product expectations, and here's what we can confirm about
@AscendPerps:
β
Good team
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Good tokenomics
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Multichain (Cardano, Midnight, Solana, EVM chains)
β
Strong testnet (we tested it and shared our experience)
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Ongoing closed mainnet (so far so good, reports coming)
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First team to introduce liquidity bridging on Midnight
π 1001x leveraged prediction trading is an absolutely crazy experience. We got hooked on the Ascend testnet. π₯
One of the rare platforms offering similar 1001x leveraged prediction trading is Aster DEX (market cap ~$1.8B).
Ascend is sitting at just ~$1.55M market cap right now.
Even a 20x from here would still leave it relatively small. π
Ascend will attract traders β we're confident of that. Prediction perps are a highly profitable niche. π
The team isn't rushing mainnet and is focused on delivering the best possible product first.
When revenue starts flowing and stakers start receiving their share, things will get very interesting very fast. π
#Cardano #CardanoPerps