Astar (ASTR) saw a surge in its price as it rose to a multi-week high of $0.059 on Thursday. The bullish sentiment was attributed to the news of a major exchange listing that buoyed bulls. However, profit taking has caused ASTR to pare most of the daily gains and is currently trading near $0.053.
The listing is on Bithumb, one of the largest cryptocurrency exchanges in South Korea. Sota Watanabe, the founder of Astar Network, tweeted about the listing of ASTR/KRW pair on Bithumb. The buying pressure caused by the news drove the ASTR/USD pair from lows of $0.052 to near $0.060.
ASTR has also recently listed on Swyftx, one of the leading crypto exchanges for Australia and New Zealand. Furthermore, the token has debuted on Huobi.
Astar Network launched its zero knowledge (ZK) layer 2 chain Astar zkEVM on Ethereum. The L2 scaling solution is powered by the Polygon CDK and brings transaction speed, scalability and security to businesses and enterprises. It is a part of the roadmap to delivering global adoption for Web3.
In conclusion, Astar (ASTR) rose to a multi-week high on Thursday following news of a major exchange listing. The listing on Bithumb caused the ASTR/USD pair to surge from lows of $0.052 to near $0.060. However, profit taking has caused ASTR to pare most of the gains. Astar Network is also launching its zero knowledge (ZK) layer 2 chain Astar zkEVM on Ethereum, which is powered by the Polygon CDK. This scaling solution brings transaction speed, scalability and security to businesses and enterprises.
