The aster token is sparking widespread optimism in the cryptocurrency market as it shows promising signs of a potential bull run. Its innovative approach, increasing accumulation, and possible listing speculations have ignited a fresh wave of enthusiasm across the industry, with many pondering its next move.
While the cryptocurrency’s potential bullish trend is imminent, the question is- What’s ASTER’s next possible target? Although the exact point remains unpredictable, many experts conclude that the token is poised to hit ambitious highs, with $10 being a focus.
ASTER Crypto Price Surges 10% Today
Amidst the crypto market’s broader negative trends, the ASTER token has surged by more than 10% in just a day, invoking increased interest. The token has made history multiple times recently, defying expectations and delivering impressive gains even when the broader crypto market experienced significant downturns.
Aster’s ability to surprise and create value for its holders has been notable. However, the token recently experienced a setback, losing momentum and trading negatively. But now, it has returned to the surface, showing signs of positive gains and potential for further growth.
As of press time, Aster is valued at $1.18, with a surge of 10.13% over the past day. Despite an 18% monthly decline, the token has seen a notable uptick of 14% over the last seven days. This bullish reversal has been reflected in the community’s increasing activity, which is evident in the 24-hour volume, currently at $884.3 million, up 62%. This growing investor sentiment could indeed be a potential price booster as surging activity and purchases could push the value up.
Aster Takes Off, Says Analyst
Adding fuel to the growing bullish sentiment on the Aster crypto, analysts like AltCryptoGems remain highly optimistic about the token. In a recent X post, the analyst noted, “ASTER take off mission.” He believes that the current positive trend of the altcoin is a huge signal for the imminent bull run.
Another expert, MoneyLord, shared a bold prediction for the cryptocurrency, projecting its upward push to an ambitious $10. At the same time, analyst Crypto Tony asserted that the token is slated for an imminent rally as it has broken past the critical resistance at $1.16.
Meanwhile, The Crypto Professor identified that the altcoin has breached the Ascending Triangle line, which is indicative of a bull run on the horizon. All these predictions indicate that Aster is likely to continue its upward trend, reaching new heights.
Why is Aster Price Surging Today?
The Aster token price is currently on the rise due to multiple reasons. One of the main reasons is the team’s buyback policy. The team has reportedly bought back tokens at a rate of $7,500 per minute, with around 50% of those tokens getting burned. In fact, they have already burned 18 million tokens since the program started.
Daily buybacks have hit a whopping $10.8 million, which is helping reduce sell pressure. With fewer tokens in circulation, the supply shock could drive the price up. In addition, it is a strong signal that the team believes in their tokenomics and is committed to their deflationary roadmap.
Another prominent factor is the increasing whale accumulation. Large holders are accumulating ASTER, adding 51 million tokens worth $60.7 million to their wallets in just 24 hours. This significant accumulation suggests whales are positioning themselves ahead of the anticipated Q4 protocol upgrades, such as margin trading for ASTER.
Moreover, Coinbase has added the cryptocurrency to its listing roadmap on November 9. This signals the exchange’s potential inclusion of the crypto on its trading platform. This development has significantly impacted the ASTER price.
