Astar Network (formerly known as Plasm Network) has been causing ripples in the crypto industry. The network's native token,
ASTR, has had a growth spurt in recent weeks, with the most significant boost being its addition to major exchanges, like
Upbit and
Binance Japan. Such addition considerably amplifies its visibility and accessibility to investors. More success seems imminent with an ambitious token burn, aimed at taking 350M ASTR tokens out of circulation, representing 5% of the total supply. This move potentially enhances scarcity and value. On technical grounds,
ASTR is revealing to be one of the promising smaller cap coins possessing the potential for significant growth. Announcements like these have pushed the token to a 12-month high.In addition, the network is shaping up to become an invaluable player in the
Web3 world. Astar has been relentlessly utilising its scalable smart contracts platform as a force in developing the Web3 ecosystem, evident in their partnerships. For instance, in a surprising union, they’ve teamed up with electronics giant
Sony to launch a Web3 incubation program. In another strategic collaboration, Astar has paired with
Polygon, launching its Layer 2 on Ethereum, hence, bolstering both MATIC and ASTR price possibilities.They also introduced
Astar zkEVM, a product designed to boost the ecosystem's growth. Launching on
Polygon’s AggLayer, this novel development is fully integrated with the inter-operability protocol, it's the first chain to receive Pyth Oracles boost. Partnering with other corporates like
Casio,
NTT Docomo, and
Toyota demonstrates Astar's commitment to expanding and building strategic alliances in various sectors.Despite the promise, it is essential to navigate these waters carefully, watching out for any turbulence that may unsettle the usually volatile crypto markets.
Astar Coin News Analytics from Tue, 30 Nov 2021 08:00:00 GMT to Mon, 08 Jul 2024 11:32:38 GMT -
Rating 8
- Innovation 7
- Information 8
- Rumor 7
