ASTER (Aster) has pumped 17.87% in the last 24 hours, reaching a high of $1.29.

Gate News Bot news, on October 24, according to CoinMarketCap data, at the time of writing, ASTER (Aster) is currently priced at $1.13, having risen 17.87% in the last 24 hours, with a high of $1.29 and a low of $0.94. The current market capitalization is approximately $2.278 billion, an increase of $345 million from yesterday.

Aster is a new generation decentralized exchange for perpetual contracts aimed at all traders. It offers cross-chain trading capabilities without the need for bridging or switching; you simply select a chain and trade. Aster has deep liquidity pools that support large transactions and provides advanced tools like hidden orders. The platform is designed for both beginners and professionals, aiming to deliver a simple and controllable trading experience.

Important news about ASTER recently:

1️⃣ Rocket Launch event boosts market confidence Aster has launched a new feature called Rocket Launch, with the decentralized oracle project APRO as the first to go live. The event will last for two weeks, with a prize pool containing $200,000 worth of ASTER and additional AT token rewards. This event is expected to attract more users to participate in the Aster ecosystem, enhancing platform activity and the demand for ASTER tokens.

2️⃣ Large capital flows attract market attention Recently, a number of large ASTER token transfers have been observed. Three new wallets have cumulatively withdrawn 4.66 million ASTER from the exchange within 8 hours, amounting to approximately 4.79 million dollars, with an average entry price of 1.02 dollars. Such a scale of capital flow may affect the short-term market supply and demand balance and is one of the important factors for ASTER price fluctuations.

3️⃣ Expansion of perpetual contract trading varieties A trading platform announced the launch of multiple perpetual contract trading pairs, including ASTER. This move expands the trading channels for ASTER and is expected to enhance its liquidity and market depth, providing potential support for its price.

From a technical perspective, ASTER has clearly rebounded after experiencing previous fluctuations, with a 24-hour rise of 17.87%. The launch of the Rocket Launch activity may have boosted market sentiment, while large capital flows and new trading channels provide additional momentum for price trends. However, considering the high volatility of the cryptocurrency market, investors still need to closely monitor potential risks.

This message does not constitute investment advice, and investors should be aware of market volatility risks.