⇗ Astar Coin: Summary and Analysis of Astar Network's Latest Developments
Astar Network has recently been making significant moves in the cryptocurrency scene. The network's initiative of burning 350M ASTR tokens, 5%...
Astar (ASTR) seems to be on a path of significant discovery, showing immense potential for growth and innovation. Recent events have seen the burning of 350M ASTR tokens, which was 5% of the total supply. The move happened after a community vote and has caused a notable uptick in ASTR's value. Moreover, the launch of the Astar's zkEVM on Polygon's AggLayer is a positive step towards strengthening its network.
Furthermore, the 'Yoki Origins' quest platform, powered by Bandit Network's Points SDK and Brave Ads has boosted Astar's ecosystem. The network has also seen increased exposure on top exchanges as ASTR's price hit $0.0539, and even soared 3% following the completion of the 350M token burn. In collaborations, Astar Network has joined forces with SNPIT to push forward blockchain photography, while their partnership with Polygon targets Japan's booming Web3 space.
Significantly, Sony recently partnered with Astar Network for a Web3 incubation program for NFT and DAO-focused projects. The venture potentially harbors great potential for the development of novel applications for Web3 technology. Additionally, Astar Network ventured into the world of smart contracts supporting two virtual machines while planning to add 15 new projects in the coming months. Blockdaemon is also empowering web3 developers and institutions to run their own collator nodes on Astar Network as part of their growth strategy.
Notably, this flurry of positive activity for Astar has led to a price surge of 186% since December. This puts it in a very bullish position, possibly opening it up for a more significant price appreciation in the future.
Astar Coin News Analytics from Tue, 30 Nov 2021 08:00:00 GMT to Tue, 06 Aug 2024 15:18:54 GMT - Rating 6 - Innovation 7 - Information 8 - Rumor 5
