On a generally calm Sunday, the upcoming Personal Consumption Expenditures (PCE) data could introduce significant market activity. With the Federal Reserve having charted its path, only employment and inflation figures remain to be watched. While investors are turning more optimistic about certain altcoins, the overall market is not yet clearly bullish. Martinez sets a target price for BNB Coin, and questions about buying Aster Coin are being raised.
BNB Coin’s Ambitious Target
The excitement surrounding Aster Coin has accelerated the rise of BNB Coin. An early morning post by CZ sparked enthusiasm, and key details about Aster’s token economy have been shared. At the time of writing, BNB Coin’s price has increased over 7%, reaching $1,060. Although just below its daily peak, it’s possible for the coin to reach even higher levels as it’s still in the price discovery phase.
On September 17th, with BNB Coin nearing four-digit prices for the first time, Ali Martinez shared a chart highlighting a target of $1,300. He reiterated this goal, mentioning a trend of forming “larger and larger peaks.” The target range remains wide, with a possibility of seeing a peak between $2,300 and $2,500 before the cycle concludes.
Is Buying Aster Coin Wise?
Is investing in Aster Coin advisable? Before considering Sherpa’s comments, it’s important to address the ongoing excitement’s intensity. The hidden order story was previously hinted at by CZ, suggesting Aster’s rise may not falter quickly, as it can compete with platforms like Hyperliquid. As long as volume and liquidity remain strong, larger peaks might be observed until the mid-October key unlock.
Sherpa shares his thoughts on this matter:
“ASTER has enriched many crypto investors, but I don’t think these gains should be confined to BNB. A lot of money in crypto is opportunistic, and over the coming weeks, we’ll see where this money heads. Personally, I don’t view this as analogous to TRUMP or Solana 
$78 projects.
Investors buying shitcoins on Binance Smart Chain (BSC) might do so under the assumption that CZ will boost the coin (consider the TST and many other random shitcoins on the BSC network in recent weeks), not because of genuine organic demand.
It remains to be seen whether new leaders in the market will emerge, or if we’ll just continue to bid on the existing ones.”
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