Bitcoin 
$107,888.00 price Following yesterday’s developments, it returned to 108 thousand dollars and the weak gains in altcoins were erased again. The tension between China and the USA is clearly felt in the cryptocurrency markets. The parties have not yet reached an agreement. So, what is the latest situation for Aster, which has made a great start with the support of CZ?
Aster and His Future
Interest in DEX platforms is strong and these ventures are generating good profits. Clearly supported by CZ, Aster is off to a great start, beating its rival Hyperliquid in many metrics. There was a huge hype on the BSC network and to Aster Interest was quite strong. So is this still going on?
Aster had a strong launch on September 17 with the support of CZ, and we saw the total locked value on the network steadily increase. It reached its peak with $2.44 billion on October 10, but the known decline process also prevented its TVL growth. The steady rise has now turned into a steady decline.
Open positions reached their peak on October 4 and then started to decline. Although this caused it to bottom out at $3.08 billion with the liquidations on October 11, it exceeded $3.85 billion again on October 14. Now, however, the decline has stopped at 3.28 billion dollars. So blood loss does not continue.
But there is a problem. Fee revenues are far from the levels of the most hype period and are fixed at around 1.5 million dollars per day. In other words, the strong income story imagined for the Aster price increase has been shelved for now.
If overall market sentiment picks up and BNB Coin growth continues, this would be supportive for Aster. However, the process of vertical growth of the protocol itself seems to be over for now, and the team needs innovations to attract more users. That’s why we will follow the announcements closely.
Aster Coin Price Prediction
Metrics point to weakening and Aster Coin chart It doesn’t tell us anything different. $1 is working well as a psychological support point for now. Although it hit an oversold bottom at $0.93, Aster didn’t stay there long.
The level it needs to take back for an increase is $1.18, which means that this is the region where investors’ risk appetite will recover by saying “here the turn begins.” If this doesn’t happen, concerns about deeper bottoms below $1 could push investors aside. $1.35 and $1.6 will be important targets in the possible return.
