- ASTER’s market cap reached $19.35 billion after a 6% surge driven by its 50% token burn announcement.
- Rocket Launch generated $1 billion in trading volume within six days, strengthening Aster’s ecosystem growth.
- Traders anticipate a rebound toward $10 as ASTER’s buyback plan and liquidity incentives sustain investor confidence.
ASTER is showing early signs of recovery as traders look for a strong November move. With rising volumes, token burns, and growing community activity, the DeFi project could be gearing up for another rally.
Community Optimism Grows Despite Short-Term Downtrend
Crypto analyst Crypto Patel noted in a post that ASTER could dip to the $0.70–$0.60 range before resuming a rally toward the $10 mark. The chart currently reflects a descending channel, showing consistent lower highs and lows.
Despite the ongoing correction, Patel emphasized that dips present accumulation opportunities, citing ASTER’s deflationary design and leadership under YZI Labs—the same team behind BNB’s rise from $0.10 to $1,400.
Traders continue to watch ASTER closely for a potential breakout from the current downtrend, with the buyback plan and sustained trading activity adding momentum to its November outlook.
ASTER Records Short-Term Rebound After Token Burn Announcement
ASTER’s price gained momentum after the project revealed plans to burn 50% of tokens held in its buyback address. On October 31, the token jumped over 6%, lifting its market cap to $19.35 billion.
The announcement sparked renewed interest in the decentralized platform as traders reacted to growing excitement around its DeFi products. Rising trading activity and speculation over the token burn have made ASTER one of the most talked-about assets this week.
This recent bounce is suggesting that ASTER could be building strength for a possible upward move as investor confidence returns.
Rocket Launch Drives Platform Growth and User Engagement
Aster’s newly introduced Rocket Launch platform has been a major contributor to recent trading activity. Within six days of launch, Aster recorded approximately $122 million in spot trading volume and $933 million in perpetual trading volume.
Following the debut, Aster captured over 90% of the $AT perpetual trading market, demonstrating the platform’s growing presence in the decentralized derivatives sector. To reward early participation, Aster distributed 500,000 $AT tokens to users who traded within the first four days.
The platform has also launched ongoing campaigns with reward pools of at least 1.5 million $AT each for both spot and perpetual trading. These initiatives have strengthened user engagement while driving continued liquidity inflow to the Aster ecosystem.
