![Why is Astar (ASTR) Price Up By 23%?](https://captainaltcoin.com/wp-content/uploads/2023/09/P2P-Review-77.png)
ASTR, the native governance and utility asset of the Astar Network, has seen a swift price pop by 22% over the last 24 hours. Key highlights include:
- 24H Low: $0.1346
- 24H High: $0.1722
- 24H Volume: $108 million, up 158%
This powerful rally also makes ASTR one of the top-performing altcoins on Binance in terms of 24-hour gain.
The exact catalyst behind this latest move is unclear, although the project did recently launch a new fund to support victims of the devastating earthquake in Japan. This humanitarian initiative may be driving attention and goodwill.
![](https://captainaltcoin.com/wp-content/uploads/2024/01/chart-62-1024x692.png)
Source: CoinStats – Start using it today
More broadly, though, Astar Network represents an emerging hub focused on multi-chain interoperability and easing dApp deployment across chains like Ethereum, Polkadot, and Layer 2.
Doge2014 raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +It uniquely offers EVM compatibility while also supporting next-gen WASM smart contracts within a parachain architecture. This tech stack helps explain the growing developer interest.
In summary, while the precise driver of this week’s rally is uncertain, Astar Network’s broader fundamental narrative around simplifying web3 development appears to be resonating. Further price volatility is expected as the market digests ASTR’s sudden spike in trading volume and visibility.
You may also be interested in:
- Ethereum Price Has “Clear Path Ahead” as ETH Eyes $2,700 According to Crypto Analyst – Here’s His Outlook
- Here’s the Recap of 2023 in the Crypto and Bitcoin Industry
- Ripple (XRP) vs. Cardano (ADA): The Battle for $1, How Meme Moguls (MGLS) is Revolutionizing Meme Coins
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.