Key takeaways:
Aster (ASTER), the decentralized exchange (DEX) token associated with Binance founder Changpeng “CZ“ Zhao, is projected to overtake its competitor Hyperliquid’s (HYPE) in market capitalization, potentially surging by 480%, according to various analyses.
ASTER price could increase by 480%: analyst
Market analyst Marcell indicates that ASTER is likely to capture a significant portion of HYPE’s market cap, suggesting a straightforward comparative valuation.
This year, HYPE’s market cap peaked above $18 billion, approximately 4.8 times greater than ASTER’s current $3.74 billion.
If ASTER were to match that valuation, its token price would rise from about $2 today to approximately $9.69 in the future.
Marcell believes this forecast is increasingly plausible as ASTER has already outperformed HYPE in daily trading volumes and revenues, leading the market to possibly revalue it towards HYPE’s previous peaks.
Another well-regarded analyst, Danny, who forecasted ASTER to hit $2, now suggests it could surpass HYPE’s market cap by next week, achieving an $8–10 billion valuation, more than double its current levels.
Related: Aster dethrones Hyperliquid with $1.25B surge in open interest
He highlights an ongoing airdrop campaign until Oct. 5 and a minor 4% token unlock on Oct. 17, both anticipated to stimulate farming activity, trading volumes, and price increases.
Whales favor ASTER, short on HYPE
A growing belief in ASTER seems to arise alongside its diverging trend from HYPE.
Since its launch on Sept. 17, ASTER’s price has skyrocketed over 7,950%, positioning it as the 36th largest cryptocurrency by market cap at $3.74 billion as of Wednesday.
Conversely, HYPE’s price has declined more than 16% during the same timeframe.
This widening gap has been supported by whale movements. Recently, a whale wallet sold approximately $17 million worth of HYPE, subsequently channeling close to $9 million into ASTER, indicating a strategic pivot towards the Binance-supported DEX platform.
Additional large investors have also invested heavily in ASTER, with one wallet acquiring as much as $50 million in a single day this week, while another invested $14 million.
An unidentified “mystery whale” has purchased over $75 million in ASTER tokens over the past two days, according to Lookonchain data.
This activity suggests a strong expectation that ASTER will continue to rise, indicating confidence among major traders, which may attract retail traders as well.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
