Coinbase Signals Potential Listing for ASTER
Coinbase has announced that Aster (ASTER), the native token of a decentralized exchange, will be added to its listing roadmap. This step is part of Coinbase’s plan to offer more crypto options to a wide range of users worldwide.
After the announcement, ASTER’s price gained momentum, staying above $1 as traders showed increased confidence.
Leading crypto exchange Coinbase announced on November 7 that ASTER, along with Monad and QCAD, is on its listing roadmap. Although this does not guarantee immediate listing.
However, it shows that a major exchange recognizes Aster and might support it in the future. This could also pave the way for big investors to become more interested in decentralized finance (DeFi) platforms.
Meanwhile, this is not the first time Coinbase has announced plans to list a token. Over the years, the exchange has kept a public list of assets, often adding new tokens that might be listed in the future.
The exchange is now being cautious when adding new crypto assets. Unlike earlier years when it published long watchlists of potential tokens, the exchange now only announces assets it has firmly chosen to support.
ASTER Gains Attention as Coinbase Adds It to Roadmap
Adding ASTER to Coinbase’s roadmap has boosted investor confidence in the token. Experts say being noticed by a top exchange usually brings more attention and interest. Right now, the token is showing strong upward movement, which could continue soon.
Also, Aster, supported by YZi Labs, CZ Zhao’s family office that backs projects, is gaining popularity in the decentralized space.
In October, the platform made a strong return to the perpetual DEX market, overtaking Lightchain in daily trading volume. This strong growth around the project is expected to help strengthen ASTER’s market presence, and investor confidence.
Over the past 24 hours, Aster’s price hovered around $1.06, reflecting a mild gain of 1.05%, according to data. This week, the token went up more than 5%, showing a slow but steady rise.
Crypto Market Rebounds, Aster Holds $1 Support
The overall crypto market has gone up by 1.57%. Big cap coins like Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) also bounced back after the Bitwise Spot ETF got approved. This has helped boost inflow into smaller tokens like Aster.
Aster’s price has stayed strong at $1.00, with some resistance around $1.20. Analysts say if it breaks above $1.20, it could reach $1.50 or $1.70, and maybe even $2.00 if the upward trend continues.
On the other hand, if it falls below $1.00, it could drop to $0.95. Notably, technical indicators show a cautiously positive outlook. The MACD lines are slightly positive, showing slow upward momentum, while the RSI is at 50, meaning the market is neutral but could move up.