ASTER (Aster) 24-hour pump 9.39%

Gate News Bot news, on November 6, according to CoinMarketCap data, as of the time of writing, ASTER (Aster) is currently priced at $1.11, with a rise of 9.39% in the last 24 hours, reaching a high of $1.26 and a low of $0.82, with a 24-hour volume of $1.216 billion. The current market capitalization is approximately $2.248 billion, an increase of $193 million compared to yesterday.

Aster is a next-generation decentralized exchange for perpetual contracts aimed at all traders. The platform offers cross-chain trading, deep liquidity, and advanced trading tools such as hidden orders. Aster supports multi-chain trading without the need for bridging or switching; users simply select a chain and trade. The platform also provides strong liquidity to support large transactions, as well as a simplified trading experience designed for both newcomers and professionals.

Important news about ASTER recently:

1️⃣ Platform function upgrade enhances user experience The Aster platform has achieved significant functional upgrades, now supporting ASTER as collateral with a margin ratio of 80%. Moreover, users can also use ASTER to pay for transaction fees. These improvements will greatly enhance the platform's usability and are expected to attract more users to participate in trading activities.

2️⃣ The CEO reveals future development strategy The CEO of Aster recently disclosed the company's future development plans at an event. These include preparing a privacy public chain to serve traders, which will implement 0 Gas fees at the underlying level, and may use ASTER as the future Gas fee. Additionally, the platform plans to launch more traditional assets, such as stock token futures, and collaborate with the IPO platform Buidlpad to provide a pre-market futures market for projects launched on it, to achieve fast market pricing and liquidity.

3️⃣ New cryptocurrency launch and trading activity start Aster launched spot and perpetual contract trading for the B2 token on November 4 at 12:00 (UTC). At the same time, the platform initiated a four-day trading competition with a total prize pool of up to $200,000, distributed in ASTER tokens. Participating users are required to maintain a minimum balance of 100 ASTER tokens during the event and achieve a cumulative trading volume of $1,000 in the B2/USDT spot trading pair. This event is expected to stimulate a rise in short-term trading volume.

From a technical perspective, ASTER has shown a strong rise in the past 24 hours, with an increase of 9.39%. The continuous optimization of platform functions, clear future development plans, and the trading activities brought about by the launch of new cryptocurrencies have jointly driven the price rise of ASTER. However, considering the high volatility of the cryptocurrency market, investors still need to be wary of potential market risks.

This message does not constitute investment advice, and investors should be aware of market volatility risks.