#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Astar (ASTR) valuation predictions in the upcoming bull run vary due to different market conditions, project developments, and industry trends. Below are analyses and forecasts based on multiple sources:
### **1. Short-term forecast for 2025**
- **Conservative Prediction**: Analysts expect ASTR to reach **$0.15** by 2025, representing significant growth from the current price (around $0.029).
- **Optimistic Forecast**: If ASTR's market performance is similar to other mainstream Layer 1/Layer 2 projects (such as VeChain, Polygon, or Avalanche), its price could soar to:
- **$2.91** (compared to VeChain market cap)
- **$3.70** (compared to Polygon market cap)
- **$5.40** (benchmarking against Avalanche market capitalization).
### **2. Long-term Outlook for 2026-2030**
- **2026**: The market may stabilize at **$0.85** after correction.
- **2027**: Expected to rebound to **$1.25**.
- **2028**: Investor confidence is restored, potentially soaring to **$1.80**.
- **2029**: The market matures, further growing to **$2.75**.
- **2030**: Entering the consolidation phase, the price may drop to **$2.25**.
### **3. Key Driving Factors**
- **Collaboration with Sony**: Astar has established a joint venture with Sony called **Soneium** (Sony Chain), becoming a core asset of Sony's Web3 ecosystem, which could lead to a significant increase in valuation.
- **Low Correlation Assets**: ASTR has a low correlation with Bitcoin (-0.2), and may have an independent performance during a bull run.
- **Token Burn Mechanism**: 350 million ASTR have been burned in 2024, reducing the supply and potentially driving up the price.
### **4. Risk Factors**
- **Market Volatility**: The high volatility of the cryptocurrency market may affect the short-term performance of ASTR.
- **Intensified Competition**: Competitors such as Polygon and Avalanche may divert market funds.
- **Ecological development is below expectations**: If Soneium or other ecological projects progress slowly, it may affect the long-term valuation of ASTR.
### **Conclusion**
The valuation of Astar during a bull run depends on multiple factors, including market sentiment, ecosystem development, and the depth of collaboration with Sony. In the short term, it may reach **$0.15-$5.40** by 2025, while in the long term (before 2030), it is expected to exceed **$2.75**. Investors should closely monitor industry trends and make decisions based on their own risk preferences.