Experts Says ‘Way, Way Higher’ Ahead As ASTER Token Shoots 30% Above $2

ASTER token has surged another 30% shooting past $2, and extending its weekly gains to more than 2,200%. Crypto market experts believe that this is just the beginning of a broader rally for the DEX altcoin. With this rally, the BNB-based decentralized exchange (DEX) is now challenging the likes of Hyperliquid. The daily trading volume for ASTER has now reached closer to $3 billion, suggesting strong bullish sentiment.

Experts Predict the ASTER Token Rally to Continue

Despite this massive 2,200% weekly gains for ASTER, crypto market experts believe the rally shall continue moving ahead. Popular crypto analyst Michael van de Poppe believes that the DEX altcoin is drawing significant trading volumes and volatility, which could be attractive factors for further upside. The rally has further extended after Binance founder Changpeng Zhao spoke about the altcoin.

Van de Poppe described the current market conditions as “a pure paradise” for traders. He added that a slight pullback could provide favorable opportunities for further accumulation. While commenting on where this goes from here, Poppe noted: “Way, way higher, I would say”. He added:

“ASTER is a prime example of what a ton of Altcoins will do. That’s why, right now, it’s the best opportunity to accumulate those altcoins. The moment it starts to shoot away, you’d be happy to be positioned in them. It’s going to happen”.

On the other hand, the infamous crypto trader James Wynn, who built a fortune trading HYPE token earlier this year, has now opened a long position on ASTER token. On-chain analytics platform Lookonchain reported that trader James Wynn claimed $8,032.5 in referral rewards before taking new positions in the market.

According to the update, Wynn went long on ASTER while simultaneously shorting HYPE. This signals a strategic bet on diverging performance between the two tokens.

Challenging the Hyperliquid Dominance

The ASTER token rally comes as the decentralized exchange (DEX) Aster challenges the dominance of existing players like Hyperliquid. On the daily revenue chart, Aster now ranks the third-highest DEX protocol, beating Hyperliquid by a margin of 2.5x.

ASTER has quickly emerged as a major player in the crypto market. The token is currently trading at $2 on its fifth day, with comparisons being drawn to competitor HYPE. Other market players like PancakeSwap see a big opportunity here, amid Aster’s growing popularity.

At HYPE’s all-time high, ASTER Token would be priced at $9.69 , a potential 4.8x move from current levels. Notably, ASTER has already surpassed HYPE in daily trading volume and daily revenue, despite not yet being listed on Binance Spot. However, crypto exchange KuCoin made the latest announcement, noting:

“Aster is a multi-chain DEX for Spot and Perpetual trading, featuring MEV-free execution and advanced options like stock perpetuals, Hidden Orders, and grid trading”.

With Hyperliquid’s HYPE token crashing 18% over the past week, amid rising ASTER dominance, asset managers have stepped in. DBA Asset Management has proposed a plan to reduce HYPE’s total token supply by over 45%.

ASTER price is showing signs of forming a Cup and Handle pattern on the 1-hour chart, with traders watching for confirmation above the $2.10 level. A breakout with strong volume could signal a continuation of the upward trend.