The new viral crypto, Aster (ASTER), has shrugged off this week’s crypto market crash with a stunning 67% rally.
After falling to $1.29 on Monday, the Aster price has rebounded to $2.16 on Tuesday, a new all-time high.
Meanwhile, the Aster DEX continues to hit major milestones as well, including flipping Hyperliquid in 24-hour revenue as well as daily perpetual trading volume.
With Binance co-founder Changpeng “CZ” squarely behind the project, many are viewing ASTER as one of the best cryptos to invest in for the upcoming Q4 bull run.
Still, some buyers are questioning whether it’s too late to enter and if a pullback would offer better entry points. Whales don’t share that concern, as many continue to accumulate at current levels. That said, investors should stay cautious of a potential double-top formation, which could trigger a sharp correction.
Aster Hits New All-Time High, Its DEX Outperforms Hyperliquid
Aster is a cutting-edge multi-chain decentralized exchange combining both spot and perpetual trading, including crypto and stock derivatives, with up to 1001x leverage.
It was born out of a merger between two BNB-based projects, Astherus and APX Finance. The project quickly gained traction after being highlighted by Changpeng Zhao (CZ), whose endorsement and ties through YZi Labs gave Aster early credibility.
Aster is the first real competitor to Hyperliquid, offering a hybrid model that blends the strengths of both DEXs and CEXs. Moreover, it offers both spot and perpetual trading, multi-chain support, hidden orders to prevent front-running, yield-earning collateral, and extreme leverage options, which go beyond Hyperliquid’s current functionalities.
Unsurprisingly, Aster already has over $800 million in total value locked (TVL), nearly 2 million users and nearly $550 billion in trading volume.
Moreover, Aster generated over $4 million in daily revenue on Tuesday, surpassing Hyperliquid and marking a more than tenfold increase from the previous week.
Similarly, it has surpassed every perpetual DEX, including Hyperliquid, in 24-hour trading volume.
Its stunning ecosystem growth is providing strong tailwinds to $ASTER’s ongoing rally, resulting in a new all-time high.
Aster Price Prediction: Is It Too Late To Buy?
The Aster price hit a new all-time high of $2.16, now up over 2000% from its listing price, data from CoinMarketCap reveals.
Aster price predictions from prominent analysts remain highly bullish, particularly in the long term. Popular trader Crypto Tony has used Elliot Wave analysis to project that $ASTER could hit $16 in this bull cycle.
New entrants should tread carefully, as $2 has established itself as a critical support-turned-resistance zone. A decisive daily or monthly close above this level would likely validate the beginning of a fresh uptrend. Failure to break out, however, risks confirming a double-top structure that could trigger a sharp correction.
ASTER has also been consolidating within an ascending wedge. The recent breakout carried the token above both the $2 barrier and the wedge’s upper trendline, propelling it to a new all-time high.
Since then, price action has pulled back, with the token currently retesting these breakout levels to determine whether they can hold as support.
Low-Cap Crypto Stocks, New Meme Coins Could Be Better Investments
Despite Aster’s obvious strengths, Hyperliquid remains an attractive investment, owing to superior tokenomics and brand awareness. Currently trading at $47, experts believe that the HYPE price will hit $100.
A low-cap crypto stock, HYLQ Strategy (HYLQ), could be an even better buy, seeing that treasury stocks tend to outperform their underlying assets. It is already up by 20% over the past month, 150% over the past 6 months and over 730% over the past year.
HYLQ Strategy is gaining momentum as one of the few public companies with direct exposure to Hyperliquid.
It recently closed an $8 million private placement and expanded its treasury with fresh HYPE token purchases, now holding nearly 39,000 tokens. By combining equity with token accumulation and ecosystem investments, HYLQ gives investors leveraged upside to one of the fastest-growing Layer-1 networks.
Similarly, a new BTC layer-2 coin, Bitcoin Hyper (HYPER), is also in high demand, having already raised over $17.7 million in its ICO.
As such, layer-2 coins have upside potential, considering their strong correlation with respective layer-1s.
With many anticipating BTC to hit $150,000, HYPER is an excellent bet for a low-cap crypto that could deliver outsized returns. Many are also calling it the next 100x crypto.
Visit Bitcoin Hyper Presale
This article has been provided by one of our commercial partners and does not reflect Cryptonomist’s opinion. Please be aware that our commercial partners may use affiliate programs to generate revenue through the links in this article.