Summary
- Aster (ASTER) token surged more than 50% over 24 hours.
- The market assesses that ASTER maintains a relatively low valuation, indicating potential for further growth.
- Changpeng Zhao (CZ)'s mention stimulated investor sentiment, while the short-term surge raises the possibility of increased volatility.
The decentralized derivatives exchange Aster's token ASTER has surged more than 50% in one day, continuing its bullish momentum.
According to crypto market site CoinMarketCap on the 20th, ASTER is trading at 0.8921 dollars, having risen more than 50% over the past 24 hours. The market assesses that ASTER has room for additional growth as it maintains a relatively lower valuation than competing project Hyperliquid. However, given the rapid surge in a short period, the possibility of increased volatility has also been raised.
Crypto-focused media CCN reported, "This surge occurred as buying pressure gathered rather than the expected selling pressure during the token distribution and listing process," and added that Changpeng Zhao (CZ) mentioning on X (formerly Twitter) that it was a 'good start' also stimulated investor sentiment.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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