Why should we allocate a bit of ASTR during this bull market cycle?

Bitcoin has already reached $100,000. For those who missed the first wave of the upward trend and are still looking for low-position Alpha targets, pay attention here.

Today, we will discuss Astar, which is transforming from a Japanese national chain to Sony's Web3 business ecosystem, and its native protocol token ASTR.

ASTR: An "interesting" Alpha asset

First, let's look at data and charts that traders find more attractive and interesting than http://pump.fun live broadcasts:

Correlation statistics of ASTR with Bitcoin:

Ethereum Solana Astar ADA

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 the above data and the correlation heatmap, we can find:

- Mainstream coins generally have a correlation with BTC above 0.7 (ETH 0.769, SOL 0.694)

- However, $ASTAR's average over the past year is only 0.643, with a significant fluctuation range (-0.687 to 0.978)

- Recently, it has been even more surprising, with its correlation to BTC dropping to -0.200, starting to follow an independent trend.

We know that in a crypto market where sectors are interconnected, low Beta + high volatility often means more opportunities for price discovery. Coincidentally, this is precisely the reason that BlackRock and Stone Girl used to persuade Wall Street's old money to allocate to BTC.

"Backdoor listing" Sony: An underrated transformation story

But what is truly interesting is not the market data characteristics of $ASTAR, but the transformation that Astar is undergoing: from an ordinary Layer 1 project to an Infra + new type of collaborative body that supports Sony Group's Web3 business.

Astar's role positioning has also transformed from "Japanese national chain" to "Sony Web3 ecosystem token."

You might ask, what is special about this narrative?

Let me tell you three facts:

-- Astar and Sony jointly established Soneium (Sony Chain), which is Sony's formal foothold in Web3.

70% of Sony's revenue comes from IP (movies, music, PS5), and monetizing through Web3 is a major trend.

-- ASTR will serve as the core asset of the Soneium ecosystem, and is currently the only tradable "Sony Web3 concept stock."

In fact, there is no other tradable "Sony Web3 concept stock" in any financial trading market worldwide.

If MSTR is the Warp version of BTC traded in the US stock market.