Aster token(ASTER)
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Crypto Traders Have a New Fave in Aster as It Jumps 2,000% in 7 Days: How High Can It Go?
Yahoo Finance· 2025-09-24 19:53
Core Insights - The crypto market is experiencing a gradual recovery, with Aster token gaining significant attention due to its rapid rise in value and trading volume [1][4] Company Overview - Aster is the native token of a decentralized perpetual futures exchange that operates on multiple blockchains, primarily on BNB Chain [2] - The exchange has been active for over a year, but its trading activity surged following the launch of the Aster token [3] Market Performance - Aster token has achieved a market cap of approximately $3.8 billion and a fully diluted valuation of $18 billion shortly after its launch [1][4] - In the last 24 hours, Aster has generated $534 million in trading volume and over $7 million in revenue, surpassing Hyperliquid in both metrics [3] Price Movement - The Aster token has increased nearly 20% today, trading around $2.30, and has skyrocketed over 2,000% since its launch on September 17 [4] - Aster currently ranks 35th on CoinMarketCap and 47th on CoinGecko among all cryptocurrencies [4] Technical Analysis - The Relative Strength Index (RSI) for Aster is at 65, indicating strong buying pressure with room for further gains before reaching overbought conditions [5] - The Average Directional Index (ADX) for Aster is at 34, confirming a strong trending environment and suggesting genuine market conviction behind the recent momentum [6]