Astar Network has announced plans to
burn 350M ASTR tokens, representing 5% of Total Supply following a community vote. This move is designed to reduce the current supply and potentially increase the per token price. Astar Network's token,
ASTR, has seen high volatility recently, experiencing a range of price movements from a 3% increase following the token burn news, to incredible surges of up to 25%.
Sony, in collaboration with Astar, is set to launch Ethereum L2
Soneium, which led to another 6% increase in ASTR's value. Astar also confirmed a partnership with
Toyota for a Web3 Hackathon and the network is fully integrated with the interoperability protocol of
Polygon (MATIC)'s AggLayer. Astar's price predictions vary, with some analysts projecting strong growth and placing the cryptocurrency among the fastest-growing to watch in 2024. This is echoed by predictions of ASTR soaring 26% and 128% in just one month as more analysts turn their attention towards the network. This positive outlook might pivot Astar (ASTR) as a cryptocurrency gem that may provide colossal ROI in 2024. Nevertheless, it is essential to tread with caution as investing in cryptocurrencies involves risk.
ASTR Coin News Analytics from Sat, 09 Sep 2017 09:45:16 GMT to Tue, 17 Sep 2024 20:08:47 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 5
