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ASTER Gains as CEO Unveils Big Plans

3 hours ago
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Key Notes

  • ASTER hit a new ATH of $2.34, now trading at $2.27 with $3.05B volume.
  • CEO Leonard announced Aster Chain with sub-second finality and privacy features.
  • Talks are underway with Binance regarding a potential listing.

Aster (ASTER) has surged to new heights after CEO Leonard revealed ambitious plans, including a proprietary Layer-1 blockchain, potential Binance listing, and a buyback program.

The decentralized exchange (DEX) has rapidly gained traction, securing the second spot in daily revenue with $9.2 million, trailing only Tether’s $21.99 million and surpassing Circle’s $7.72 million, as per DefiLlama data.


CEO Leonard Unveils Aster Chain and More

Leonard confirmed that the highly anticipated Aster Chain is in testing. The new blockchain promises sub-second finality, integrated perpetual contracts, low fees, and enhanced privacy.

The CEO said that Aster Chain will enable verifiable trades without revealing individual positions, balancing transparency with privacy.

Binance Listing

Aster is also in active discussions with the world’s leading exchange Binance about a possible upcoming Binance listing.

While stressing that the ultimate goal is not just to be listed on Binance, Leonard said, “Binance listing is in our plan. We can’t disclose when exactly that will happen because we are still negotiating with the Binance team.”

His vision is for Aster to become as influential in decentralized finance as Binance is in centralized trading.

Token Buybacks

Addressing community questions around token buybacks during the AMA with CoinTelegraph, Leonard said the team is still finalizing details but views buybacks as the most direct way of returning value to the community.

He asked for patience, noting that competitor DEX Hyperliquid

HYPE
$45.63



24h volatility:
5.0%


Market cap:
$12.35 B



Vol. 24h:
$856.76 M

has been aggressively buying back its HYPE tokens. An official buyback announcement is expected in the coming weeks.

Aster Price Analysis: What Do Indicators Say?

ASTER hit a new all-time high (ATH) at $2.34 before retracing slightly to $2.27, marking a 35% gain in the last 24 hours. Trading volume soared 45% to $3.05 billion.

On the 1-hour chart, ASTER is trading at the upper Bollinger Band ($2.32), signaling strong bullish momentum. The RSI stands at 68.34, close to the overbought zone, suggesting possible short-term cooling.

aster price chart

ASTER price chart with momentum indicators. | Source: TradingView

MACD shows bullish continuation with the MACD line above the signal line, while the Chaikin Money Flow (CMF) at 0.15 highlights steady capital inflows.

The immediate resistance sits at $2.32. A breakout could push ASTER toward $2.50 and $2.70 if momentum continues, potentially making ASTER a top crypto to buy in 2025.

Meanwhile, the support lies at the middle Bollinger Band around $2.06. If selling pressure intensifies, a deeper correction to $1.80 remains possible.

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Parth Dubey

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

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Source: https://www.coinspeaker.com/aster-hits-record-highs-as-ceo-announces-l1-chain/