Key insights:
Aster (ASTER), the decentralized exchange (DEX) token associated with Binance founder Changpeng “CZ“ Zhao, has the potential to overtake its competitor Hyperliquid’s (HYPE) in market capitalization and may see a 480% increase, according to various analyses.
ASTER price projected to increase by 480%: analyst
Market analyst Marcell maintains that ASTER could capture a significant portion of HYPE’s market cap, highlighting a simple comparative valuation.
Earlier this year, HYPE’s market cap peaked above $18 billion, approximately 4.8 times greater than ASTER’s current valuation of $3.74 billion.
If ASTER were to reach that same market cap, its token price could rise from approximately $2 today to about $9.69 in the future.
Marcell emphasizes that this projection is becoming increasingly plausible, especially since ASTER has already outperformed HYPE in daily trading volumes and revenues, suggesting the market may soon adjust toward HYPE’s previous highs.
Another well-known analyst, Danny, who predicted ASTER would reach $2, now believes it could surpass HYPE’s market cap as early as next week, achieving an $8–10 billion valuation, more than double the current figures.
Related: Aster surpasses Hyperliquid with a $1.25B rise in open interest
He points to an airdrop campaign running until October 5 and a minor 4% token unlock on October 17, both of which are expected to stimulate farming activity, trading volumes, and upticks in price.
Whales favor ASTER, short HYPE
The strong support for ASTER is evident in its diverging trend from HYPE.
Since its launch on September 17, ASTER’s price has surged over 7,950%, making it the 36th largest cryptocurrency by market cap at $3.74 billion as of Wednesday.
In contrast, HYPE’s price has fallen by over 16% during the same timeframe.
This widening gap is further reinforced by whale activity. On Monday, a whale wallet sold approximately $17 million worth of HYPE and subsequently invested nearly $9 million into ASTER, indicating a strategic shift towards the Binance-backed DEX platform.
Other large investors are also accumulating ASTER, with one wallet purchasing as much as $50 million in a single day this week and another investing $14 million.
A “mystery whale” has also reportedly acquired over $75 million in ASTER tokens in the past two days, according to Lookonchain data.
This action clearly indicates confidence that ASTER may continue to rise in the near future, suggesting strong faith among large traders, which could entice retail traders to join in.
This article does not offer investment advice or recommendations. All investment and trading activities carry risks, and readers are encouraged to conduct their own research prior to making any decisions.
