random

Astar

Polkadot

Polygon

Astar Network’s (<a href="https://crypto.news/price/astar/" rel="noopener noreferrer nofollow">ASTR</a>) token witnessed a 26% price increase in the past week. Leveraging the cross-virtual machine feature on Polygon (<a href="https://www.coingecko.com/en/coins/polygon" target="_blank" rel="noopener noreferrer nofollow">MATIC</a>) and Polkadot (<a href="https://www.coingecko.com/en/coins/polkadot" target="_blank" rel="noopener noreferrer nofollow">DOT</a>), Astar delivers personalized blockchain solutions in the Web3 space.
<h2 class="wp-block-heading" id="astar-s-market-dynamics">Astar’s market dynamics</h2>
Astar’s zkEVM takes center stage as the new Layer-2 solution, promising to scale the web3 experience on Ethereum (<a href="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) with zero-knowledge (ZK) technology.
This innovative addition seamlessly integrates an EVM equivalent environment, maintaining compatibility with existing smart contracts, developer tools, and wallets on Ethereum.
Asta current value is $0.187, representing a 26% increase in the last seven days, per data on <a href="https://www.coingecko.com/en/coins/astar" target="_blank" rel="noopener noreferrer nofollow">CoinGecko</a> data.
The price movement of ASTR beginning with October 2023 has been fascinating, jumping from a minimal value of $0.0383.
Currently, it hovers around the resistance level at $0.19, with cautionary notes of a potential pullback to the $0.145 support level in case of rejection at the current resistance.
On the weekly timeframe, the RSI value of 90.9 adds a layer of insight into Astar’s current market sentiment, signaling potential caution for investors eyeing short-term positions.
You might also like: <a href="https://crypto.news/astar-network-a-polkadot-parachain-launches-smart-contracts-2-0/" rel="noopener noreferrer nofollow"> Astar Network, a Polkadot parachain, launches Smart Contracts 2.0 </a>
<h2 class="wp-block-heading" id="astar-network-s-innovation">Astar Network’s innovation</h2>
In a move that mirrors its commitment to innovation, Astar Network, a Polkadot parachain, <a href="https://crypto.news/astar-launches-nft-campaign-to-celebrate-mainnet-launch/" rel="noopener noreferrer nofollow">unveiled</a> an NFT campaign celebrating the mainnet release of Astar zkEVM, the Ethereum layer-2 chain powered by Polygon technology.
Scheduled for the first quarter of 2024, the NFT campaign embraces Astar Network’s Japanese roots by incorporating popular Japanese capsule machines.
These machines, synonymous with surprises and randomness, will be the mechanism for awarding random prizes to participants.
To participate in the campaign, users are invited to explore the projects available on Astar zkEVM, unlocking a world of on-chain and off-chain quests.
These quests, when completed, lead to rewarding experiences, including access to exclusive NFTs crafted by Astar Network and other participating projects.
The campaign is a journey inspired by Japanese folktales. Each reward will be presented through virtual capsule machines, uniquely customized by the projects involved.
Among the treasures are Japanese-inspired characters that users can mint, collect, and interact with, creating a digital folklore tapestry.
You might also like: <a href="https://crypto.news/astar-network-unveils-astar-2-0-vision-for-mass-adoption/" rel="noopener noreferrer nofollow"> Astar Network unveils ‘Astar 2.0 Vision’ for mass adoption </a>
In addition, Astar Network <a href="https://crypto.news/astar-network-launches-zkatana-layer-2-scaling-solution-on-public-testnet/" rel="noopener noreferrer nofollow">announced</a> the launch of zKatana – a zero-knowledge (ZK) Ethereum layer-2 solution.
This release marks a major step forward in Astar’s Roadmap process to ensure companies or developers have better technology stacks for their projects.
Read more: <a href="https://crypto.news/astar-foundation-launches-polkadots-relayers-incubator-program/" rel="noopener noreferrer nofollow"> Astar Foundation launches Polkadot’s Relayers Incubator program </a>

Astar Network gains 26% in 7 days on heels of Polkadot, Polygon partnership

Table of Contents

crypto.news

Other articles published on Jan 22, 2024

Morgan Stanley Expects Crypto to Disrupt Global Financial System

Cardano (ADA), Solana (SOL), or Pushd (PUSHD)? Top analyst picks Pushd (PUSHD) over both establis...

How to Buy Sponge V2 On Presale – Alessandro De Crypto Video Review

4 cryptocurrencies to avoid trading this week

Uranium Finance hacker executes $2.5m BUSD transfer to Ethereum

XRP News: XRP Whale Offloads 26 Mln Tokens, Price Decline To Continue?

Join our free newsletter for daily crypto updates!