Key Takeaways
- Aster DEX platform could overtake Hyperliquid as whales and investors explore its potential as a rising perp platform.
- Crypto experts and traders share their market sentiment regarding the perpetual platform, with a possible backing from Binance.
- The native token rises to new highs of $2.4 as speculation of a potential $10 surfaces, with the price looking to rally further.
Crypto Twitter has been buzzing over the last few days with the new DeFi project “ASTER,” a decentralized exchange (DEX), as the crypto project positions itself to rival Hyperliquid in the perpetual futures space.
Built on the Binance Smart Chain (BSC) and backed by former Binance CEO Changpeng Zhao (CZ), the project continues to gain traction following the launch of its native token, ASTER.
With traders and investors speculating that Aster could be the next Binance platform on-chain, this has sparked strong speculation and predictions of attracting strong whales and traders into the ecosystem in the coming months.
The hype surrounding its token could attract more investors and whales, building strong market interest in DEX futures, as many traders seek to identify the big players and liquidity providers behind the scenes.
Market Reaction to ASTER Hype
According to Adam, a DeFi on-chain expert, he has identified the new DEX as having outperformed the likes of Hyperliquid, one of the best-performing DEX futures platforms over the last few months, with a strong prediction of replacing other centralized platforms.
With the platform poised to rival Hyperliquid, there is a strong indication that many traders and whales are migrating to the Aster ecosystem, as plans are underway to launch its own separate layer-1 blockchain technology in the coming months.
How might this impact the market sentiment surrounding its native token and its development within the ecosystem?
Native Token Rises to New All-time Highs
Source – ASTER Token Price Action from CoinMarketCap
Following the launch of its native token and the distribution of millions of ASTER tokens as an airdrop, the ASTER token has gained strong traction, rallying to new all-time highs above $2, driven by strong market speculation of a potential price gain toward $10.
While these figures may be extreme for a new token launched in less than two months, the current price action suggests the token has the potential to build on its momentum to the upside, reaching $3 to $5 in the coming months.
FAQs
What is Aster in crypto?
Aster is a new, perpetual, decentralized exchange platform that has garnered strong market buzz following the rise of its native token.
Is Aster on Binance?
The token is currently being traded on Binance Alpha as traders and whales seek a favorable buying zone.
What is the Astar all time high?
The token price rallied towards a new all-time high of $ 2.30, but there is potential for further upside continuation.
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