The price of the aster cryptocurrency (ASTER) has a rise of more than 27% in the last 24 hours.
The following graph, provided by the CoinMarketCap platform, shows how the ASTER price has moved in the aforementioned period:
The reason for this increase was a post by the founder and former CEO of the Binance exchange, Changpeng Zhao (also known by its initials, CZ).
«In all sincerity. “I just bought Aster today, with my own money, on Binance,” wrote Zhao added: “I am not a short-term investor. “I buy and hold.”
The X community was quick to comment on what happened. For example, the Colombian bitcoiner who identifies himself as BTCAndrés wrote: «With that shilling after buying».
Aster is a decentralized exchange platform which offers perpetual and spot trading. Pro Mode adds 24/7 perpetual stock trading, shadow orders and grid trading, available on BNB Chain, Ethereum, Solana and Arbitrum.
Its competitive advantage lies in the ability to offer liquidity tokens (asBNB) or yield-generating stablecoins (USDF) as collateral, enabling unprecedented high capital efficiency. In addition, as CriptoNoticias reported, Aster Chain, a layer 1 network focused on privacy, is being developed and supported by YZi Labs (formerly Binance Labs).