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Essential Insights:
Aster (ASTER), the decentralized exchange (DEX) token linked to Binance’s founder Changpeng “CZ“ Zhao, might surpass its competitor Hyperliquid’s (HYPE) in market capitalization and soar by 480%, numerous evaluations indicate.
ASTER price could surge 480%: analyst
Market evaluator Marcell states that ASTER has the potential to capture a significant portion of HYPE’s market cap, highlighting a straightforward comparative appraisal.
At its zenith earlier this year, HYPE’s market cap ascended beyond $18 billion, nearly 4.8 times higher than ASTER’s present $3.74 billion.
If ASTER were to simply equate to that valuation, its token price would elevate from approximately $2 today to around $9.69 in the foreseeable future.
Marcell points out that this forecast seems increasingly plausible, given that ASTER has already eclipsed HYPE in daily trading volumes and revenues, and the market might soon adjust its valuation towards HYPE’s previous peaks.
Another well-known analyst, Danny, who forecasted ASTER to hit $2, now suggests it could overtake HYPE’s market cap as soon as next week, achieving an $8–10 billion valuation, more than double the current figures.
Related: Aster overtakes Hyperliquid with $1.25B rise in open interest
He highlights an airdrop initiative that runs until Oct. 5 and a minor 4% token unlock on Oct. 17, both projected to stimulate farming activity, trading volumes, and positive price movement.
Whales invest long in ASTER, short in HYPE
The strong belief in ASTER arises amidst its growing trend divergence from HYPE.
Since its launch on Sept. 17, ASTER’s price has increased over 7,950%, propelling it to the 36th largest cryptocurrency by market cap at $3.74 billion as of Wednesday.
Conversely, HYPE’s price has declined by over 16% during the same timeframe.
The expanding gap has been reinforced by whale transactions. On Monday, a whale wallet discharged around $17 million worth of HYPE and subsequently directed nearly $9 million of it into ASTER, indicating a tactical shift towards the Binance-supported DEX platform.
Other substantial investors have also invested in ASTER, with one wallet acquiring as much as $50 million in a single day this week and another injecting $14 million.
Furthermore, a “mystery whale” has purchased over $75 million in ASTER tokens over the past two days, according to Lookonchain data.
This movement evidently represents a wager that ASTER may persist in its upward trajectory in the upcoming days, signaling robust confidence among substantial traders, which might entice retail investors to follow suit.
This article does not constitute investment advice or recommendations. Every investment and trading action carries inherent risk, and readers should perform their own due diligence before making a decision.
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