Astar Network continues to show its potential with an impressive array of developments and strategic partnerships. In an effort to manage the supply of its native token,
ASTR Coin, Astar Network plans to burn 350M ASTR, which constitutes 5% of the total supply. The burning of tokens is a common strategy deployed to control the volume of tokens within the market to increase its value. In the case of Astar, the move had a positive impact on the price, with ASTR soaring 3% shortly after the announcement. Furthermore, Astar was in the limelight with the launch of the Ethereum Layer 2 Soneium, developed in collaboration with Sony. This news saw a 6% rise in the ASTR Coin price. There have also been developments with key industry players such as
Sony and
Toyota. Sony has actually launched Soneium, a development that sets to rival Coinbase's Base Network, while Toyota has announced a Web3 Hackathon in partnership with the Astar Network. Astar Network's momentum seems unstoppable with its token, ASTR, skyrocketing by 44% following a listing on a major exchange. On the downside, the ASTR price seems to be in a downtrend despite the launch of zkEVM by Astar Network. However, with industry experts predicting a rise in ASTR prices, there are chances of a possible revival.
ASTR Coin News Analytics from Sat, 09 Sep 2017 09:45:16 GMT to Wed, 30 Oct 2024 20:28:09 GMT -
Rating 6
- Innovation 5
- Information 8
- Rumor 4
