ASTR Price Surge Following Bithumb Listing, but Gains Trimmed

6:41 pm
September 21, 2023

Astar (ASTR) experienced a significant increase in price, reaching a high of $0.059 after news of its listing on Bithumb, a major South Korean cryptocurrency exchange. However, profit-taking led to a decrease in gains, and the price of ASTR is currently trading near $0.053. Despite the pullback, the cryptocurrency has seen a 2.5% increase in the last 24 hours and a 4.4% increase over the past week, according to CoinGecko.

Astar Benefits from Listing on Bithumb

The founder of Astar Network, Sota Watanabe, tweeted about the listing of ASTR on Bithumb, which generated buying pressure and drove the price of ASTR/USD from $0.052 to nearly $0.060. Bithumb also added support for ASTR/KRW, leading to increased trading volume in South Korea.

Additionally, Astar Network recently launched its zero knowledge (ZK) layer 2 chain called Astar zkEVM on Ethereum. This scaling solution, powered by the Polygon CDK, aims to enhance transaction speed, scalability, and security for businesses and enterprises. The integration with Polygon is part of Astar Network’s roadmap to achieve global adoption for Web3.

In addition to Bithumb, ASTR has been listed on Swyftx, a leading crypto exchange in Australia and New Zealand, and debuted on Huobi.

FAQs

What is Astar (ASTR)?

Astar is the native cryptocurrency of Astar Network, a leading blockchain platform based in Japan. ASTR has utility within the Astar Network ecosystem and can be used for various purposes such as governance, staking, and transactions.

What is Bithumb?

Bithumb is one of the largest cryptocurrency exchanges in South Korea. It provides a platform for users to buy, sell, and trade various cryptocurrencies.

What is zero knowledge (ZK) technology?

Zero knowledge (ZK) technology is a cryptographic method that allows one party to prove the authenticity of certain information without revealing any other details. It provides a high level of privacy and security for transactions and data.

What is the Polygon CDK?

The Polygon CDK (Chain Development Kit) is a set of tools and libraries that developers can use to build scalable and interoperable blockchain solutions on the Polygon network. It enables the integration of various features and functionalities into blockchain applications.

Can ASTR be purchased on other exchanges?

Yes, ASTR is available for trading on various exchanges including Bithumb, Swyftx, and Huobi.

What is the current price of ASTR?

The current price of ASTR is around $0.053, according to CoinGecko. Please note that cryptocurrency prices are highly volatile and can change rapidly.

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