Bitcoin has突破 $100,000. Investors who missed the first round of rise can follow this potential project.

Today we will discuss a project from Japan that has transformed into a global technology giant Web3 ecosystem, Astar, and its native token ASTR.

ASTR: An Attractive Investment Target

First, let's take a look at some data and charts that traders are interested in:

Correlation statistics between ASTR and Bitcoin:

| | Ethereum | Solana | Astar | Cardano | |----------|--------|--------|--------|--------| | Average Correlation | 0.769 | 0.694 | 0.643 | 0.709 | | Maximum Correlation | 0.994 | 0.995 | 0.978 | 0.992 | | Minimum Correlation | -0.277 | -0.636 | -0.687 | -0.381 | | Correlation Standard Deviation | 0.216 | 0.281 | 0.289 | 0.249 | | Current Correlation | 0.579 | 0.180 | -0.200 | -0.162 |

From this data, we can draw the following conclusions:

• Mainstream cryptocurrencies usually have a correlation with Bitcoin above 0.7 (Ethereum 0.769, Solana 0.694)
• However, the average correlation of ASTR over the past year is only 0.643, with a wide range of fluctuations (-0.687 to 0.978)
• Recently, the correlation between ASTR and Bitcoin has dropped to -0.200, showing an independent price trend.

In the crypto market, a low beta coefficient and high volatility usually mean more price discovery opportunities. This is precisely one of the reasons institutional investors are optimistic about Bitcoin.

The Web3 Transformation of Global Tech Giants: An Underrated Story

However, what truly attracts people to ASTR is not just its market data characteristics, but the transformation that Astar is undergoing: evolving from an ordinary Layer 1 project into an infrastructure and new collaborative entity that supports the Web3 business of a global tech giant.

Astar's positioning has also shifted from "Japan's national chain" to "a Web3 ecosystem token of a certain tech giant."

The importance of this transformation is reflected in the following aspects:

• Astar has formed a joint venture with the tech giant to establish a new entity as its official foothold in Web3.
• 70% of the company's revenue comes from IP (movies, music, game consoles), and monetizing through Web3 is a major trend.
• ASTR will become the core asset of the new entity ecosystem and is currently the only tradable "Web3 concept stock of the company".

In fact, there is no second "Web3 concept stock of the company" that can be traded in any financial trading market globally.

If MicroStrategy is likened to a packaged version of Bitcoin traded in the US stock market, then ASTR can be seen as a packaged version of the company's Web3 business traded in the crypto market.

Development Strategy

The Web3 layout strategy of this tech giant is very clear:

• Build a public L2 on Ethereum, rather than a closed enterprise chain or consortium chain.
• Deploy top-tier infrastructure to ensure security, liquidity, and interoperability.
• Attract real users through IP monetization and distribution channels, forming a business model with actual revenue and cash flow.

All ecological value will ultimately be reflected in the ASTR token.

However, the market seems not to fully understand the logic of this reverse packaging (the company's Web3 business). This situation is quite similar to the "undervalued period" that MicroStrategy experienced before Bitcoin took off.

Opportunities and Risks Coexist

Reasons to be optimistic about ASTR:

• Scarcity: The only Web3 concept token of the company in the market.
• Time window: Key milestones are concentrated in 2024-2025.
• Reasonable valuation: Market capitalization is at a mid-level in the L1/L2 track.
• Strong anti-drawdown: As Japan's "national chain", the fundamentals are solid.

Potential Risks:

• The development of the ecosystem is not as expected.
• Market sentiment fluctuations
• There is generally uncertainty in the layout of Web3 by Web2 giants.

Conclusion

With the improvement of the legal framework for cryptocurrencies and the arrival of large-scale applications of Web3, the market will pay more attention to consumer-oriented projects that are truly implemented. The actions of a global tech giant investing core IP resources and deploying high-end infrastructure demonstrate its firm determination in the Web3 field.

And ASTR is the "ticket" to participate in this grand blueprint.