All articles tagged with #aster
Hyperliquid launched its new stablecoin USDH backed by cash and Treasuries to strengthen its trading ecosystem, but it faces stiff competition from rival Aster, which has overtaken it in weekly trading volume. Additionally, a significant $12 billion HYPE token unlock scheduled for November has caused market turbulence, with HYPE's price showing signs of weakness and bearish momentum.
Aster (ASTER) is experiencing a potential rally with a forecasted target of $3.46, driven by whale activity and technical support levels, though short-term bearish signals suggest caution. The token has recently surpassed Hyperliquid in trading volume, fueling bullish sentiment, but traders should watch key support and resistance levels and be aware of risks like concentrated supply.
This week in crypto saw significant gains for newly launched tokens like Aster and DeXe, driven by the Fed's rate cut, while meme coins like Fartcoin and index trackers like SPX experienced declines. Aster surged over 1500% following its launch, and DeXe broke out of a downtrend, whereas Fartcoin and SPX faced downward pressure amid market volatility.