Key takeaways:
Aster (ASTER), the decentralized exchange (DEX) token associated with Binance founder Changpeng “CZ“ Zhao, could surpass its rival Hyperliquid’s (HYPE) market capitalization and potentially increase by 480%, according to multiple analyses.
ASTER price could rise 480%: analyst
Market analyst Marcell indicates ASTER could capture a significant portion of HYPE’s market cap, pointing to a straightforward comparative valuation.
Earlier this year, HYPE’s market cap peaked above $18 billion, nearly 4.8 times ASTER’s current $3.74 billion.
If ASTER were to achieve that same valuation, its token price would increase from around $2 today to approximately $9.69 in the future.
Marcell notes that this prediction appears increasingly viable, as ASTER has already outperformed HYPE in daily trading volumes and revenue, with the market likely to revalue it toward HYPE’s previous highs.
Another well-known analyst, Danny, who forecasted ASTER to hit $2, now suggests it could overtake HYPE’s market cap by as early as next week, potentially reaching a valuation between $8 billion and $10 billion, which is more than double its current levels.
Related: Aster overtakes Hyperliquid with $1.25B surge in open interest
He highlights an ongoing airdrop campaign set to run until Oct. 5 and a minor 4% token unlock on Oct. 17, both expected to stimulate farming activity, trading volumes, and upward price momentum.
Whales favor ASTER, short HYPE
The strong interest in ASTER is evident amid its increasing trend divergence from HYPE.
Since its launch on Sept. 17, ASTER’s price has skyrocketed 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 declined by over 16% during the same timeframe.
The expanding gap has been strengthened by whale activity. On Monday, a whale wallet sold about $17 million worth of HYPE and reallocated nearly $9 million into ASTER, indicating a strategic shift toward the Binance-backed DEX.
Additional large investors have also invested in ASTER, with one wallet acquiring as much as $50 million in a single day and another contributing $14 million.
An unidentified “mystery whale” has purchased over $75 million in ASTER tokens in the past two days, according to Lookonchain data.
This move indicates a strong belief that ASTER will continue to rise in the following days, reflecting strong confidence among major traders, which may attract retail investors as well.
This article does not provide investment advice or recommendations. All investments and trading actions involve risks, and readers should conduct their own research before making decisions.
