Astar Network (ASTR) Up Over 25% Intraday – Here’s Why

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Polkadot’s flagship parachain protocol, Astar Network (ASTR), has shocked the market with a staggering price increase over the past 24 hours.

As of the time of writing, the digital currency is currently trading at $0.16 after rising 25.24% in the past 24 hours.

ASTR price chart. Source: TradingView

Looking at the current outlook, Astar Network extended its gains over the past week to 51.18%, with monthly gains exceeding 129%.

It’s not unusual for Astar Network to record impressive or parabolic price increases, and this coming one features a range of tech-related content and community support initiatives.

Astar announced the Astar 2.0 protocol upgrade roadmap, which is expected to be implemented this year.

Astar 2.0 will herald several technological advancements, including fair distribution of block resources and efficient burning mechanisms.

As Astar users look forward to the rebirth of the network, the community is also demonstrating its value beyond blockchain by providing support to the Japanese community currently affected by the recent earthquake in Japan. With the support of Astar ecosystem members, we have created a donation stream.

Astar Price Outlook: How High Can ASTR Go?

The year ahead for Astar Network promises to be eventful, and in addition to the goals and milestones outlined, the impact of the strategic partnership signed in 2023 may soon be felt.

At the time of writing, Astar is trading at $0.16, and the parachain protocol is one of the best-performing coins this year; however, it is still 60% below its all-time high (ATH) of $0.335.

If ASTR maintains its current momentum, the coin may extend its upward momentum to $0.185 by the end of the week, with a long-term target of $0.25 before the end of the first quarter.