Is Astar Network (ASTR) a Good Investment?

Astar Network could be a good crypto asset in your portfolio as it is backed by solid fundamentals and has growth potential. Its features for interoperability and supporting smart contracts make the platform a desirable option for powering the Web 3.0 revolution. As more developers create and deploy scalable Web3 projects on the Astar Network infrastructure, the ASTR to USD price could experience a significant uptrend. Higher on-chain activity due to the launch of more dApps getting more users on it could send the Astar price past its highest price and to a new all-time high in the future. Suppose the Astar Network team announces new significant upgrades to its infrastructure, which make it an even more affordable and attractive platform to develop and deploy dApps on. In that case, this could further power an uptick in the adoption and price of Astar Network. Projects like this have the potential to take Web 3.0 mainstream by providing scalability for real-world applications of decentralization.

What is the Astar Network Price Prediction?

Although it is impossible to make an accurate ASTR price prediction over any duration, several fundamental and sentiment factors could drive a price change in the Astar Network token. Let’s take a look at some of them: Adoption of its Ecosystem As more developers design and deploy dApps on Astar Network, bringing in more end users to the platform, the level of on-chain activity on the platform increases. This could, in turn, boost the ASTR price statistics. Staking Activity Astar Network supports the staking of its native ASTR token. Higher interest in staking $ASTR could also power bullish moves in the Astar price, taking it higher. However, a decline in the staking activity could cause a potential downtrend in the price of ASTR. Crypto Market Sentiment One of the biggest reasons for price action in the crypto market, the sentiment among investors can play a huge role in deciding how the Astar Network price moves. A bullish or risk-on mood supports Investor confidence and increases buying activity in ASTR and other digital assets. On the other hand, a risk-averse mood or a bearish sentiment drives sell-off across the cryptocurrency market and could contribute to weakness in the Astar Network value.

What is ASTR Token Used For?

$ASTR is the native crypto asset of the Astar Network ecosystem. Here are some of its applications: Utility Token ASTR is used to pay transaction fees when using the Astar Network. Users pay gas fees using $ASTR when using the network to transfer payments or interact with dApps, while dApps pay in ASTR when executing smart contracts on the network. Governance Token Astar Network uses the $ASTR token for on-chain governance. Token holders enjoy voting rights and can submit and contribute their say on proposals submitted by others, effectively decentralizing and democratizing the future development of the ecosystem. dApps Staking The dApps staking feature is unique to Astar Network and is an innovative way for the network to incentivize dApp developers to work on and launch projects on their network. ASTR token holders can stake their holdings via the Astar Portal on dApps of their choice to extend support to those projects. In addition to generating block rewards for their staking efforts, the activity also offers a way for dApp developers to earn dApps rewards based on the number of $ASTR staked with them. Crypto Asset to Trade and HODL You can trade Astar Network in the crypto market to profit from the volatility and changes in market conditions. Buy or sell ASTR against other crypto assets or hold the token long-term if you believe in the future potential of the Astar Network project. Review the real-time Astar Network price, ASTR market cap, circulating supply, 24-hour trading volume, and the latest crypto news before you trade ASTR in the market. Earn Passive Income on KuCoin KuCoin lets you generate passive income from your ASTR holdings. Head to the KuCoin Crypto Lending page to lend liquidity for ASTR on our platform. Earn attractive daily interest over seven days, 14 days, or 28 days to grow your portfolio safely and conveniently.

What is the Circulating Supply of ASTR Crypto?

As of September 2022, the circulating supply of $ASTR stands at around 3.6 billion out of a total supply of 7 billion. This figure changes based on the extent of on-chain and staking activity within the Astar ecosystem. At the time of the project’s launch, the initial allocation of ASTR tokens was as follows: 1. 30% was earmarked for lockdrop participants 2. 30% was set aside for Polkadot parachain auctions 3. 5% was kept as a reserve for the parachain auction 4. 10% went for protocol development and grant programs 5. 5% was allocated to the on-chain DAO 6. 5% of ASTR total supply was allotted to marketing activities 7. 10% was set aside for institutional investors and would become transferable after Astar won a slot in the parachain auction 8. 5% of the $ASTR supply was given to its team of developers

Astar Network offers a unique dApp Staking program that helps you earn rewards for your efforts while also supporting dApp developers in creating projects on their network. Here’s how to stake on Astar dApps: 1. Visit the Astar Portal and connect your wallet to the app’s interface. Ensure you have sufficient $ASTR for staking by buying the token on KuCoin or other supported platforms and transferring them into your wallet. 2. Ensure that you are connected to the Astar Network for enabling dApp staking of $ASTR. 3. Review the list of dApps available to which you can stake your ASTR tokens. 4. Click on Stake on the dApp of your choice, enter the number of tokens you wish to stake, and click on the Stake button to confirm the transaction. 5. Sit back, earn rewards for your $ASTR staking, and earn passive income conveniently.

How to Buy Astar Network (ASTR)

Price of Astar Network (24h)$0.0641602634372495

-2.83%

Real-Time ASTR Rate Converter

Interested in buying Astar Network (ASTR) or exploring other cryptocurrencies? This is the right place for you! KuCoin offers safe and easy ways to let you buy Astar Network (ASTR) instantly wherever you are! Check out all the ways you can buy ASTR on KuCoin.

Buy Astar Network (ASTR) on KuCoin in Four Simple Steps

Create Your Free KuCoin Account

Sign up on KuCoin with your email address/mobile phone number and country of residence, and create a strong password to secure your account.

Secure Your Account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

Verify Your Account

Verify your identity by entering your personal information and uploading a valid Photo ID.

Add a Payment Method

Add a credit/debit card or bank account after verifying your KuCoin account.

Buy Astar Network (ASTR)

Use a variety of payment options to buy Astar Network on KuCoin. We'll show you how.

Choose How You Want to Buy Astar Network on KuCoin

Buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Astar Network (ASTR).

Buy Astar Network (ASTR) with crypto on the KuCoin Spot Market

With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Astar Network (ASTR). Here's how to buy:

1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.

2. Transfer your crypto to a KuCoin Trading Account. Find your desired Astar Network (ASTR) trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Astar Network (ASTR).

Tip: KuCoin offers a variety of order types to buy Astar Network (ASTR) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.

3. As soon as your order is successfully executed, you will be able to see your available Astar Network (ASTR) in your Trading Account.

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How to Store Astar Network (ASTR)

The best way to store Astar Network (ASTR) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Astar Network (ASTR).

Store Astar Network in Your KuCoin Account

Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

Hold Your Astar Network in Non-Custodial Wallets

"Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Astar Network (ASTR) to a non-custodial wallet. Storing Astar Network (ASTR) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Astar Network (ASTR) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Astar Network (ASTR).

What Can You Do with Astar Network (ASTR) on KuCoin?

Hold

Store your Astar Network (ASTR) in your KuCoin account.

Trade

Trade Astar Network (ASTR) in the spot and futures markets.

Earn

Earn passive income by staking or lending Astar Network (ASTR).

Why Is KuCoin the Best Platform to Buy Astar Network (ASTR)?

Safe and Trusted

Our regular Proof of Reserves (PoR) mechanism ensures that customer funds are backed by 1:1 real assets. KuCoin was named one of the Best Crypto Exchanges by Forbes in 2021 and selected by Ascent as the Best Crypto App in 2022.

High Liquidity

Boasting a high liquidity order book for all listed cryptocurrencies, KuCoin delivers a liquid trading experience with tight spreads.

Home of Crypto Gems

KuCoin supports more than 700 cryptocurrencies and is the best place to find the next crypto gem. Buy Astar Network and trade it against various digital assets on KuCoin.

Intuitive Interface

Buying Astar Network (ASTR) on KuCoin is quick and easy, thanks to our intuitive interface and powerful technology. Obtain ASTR in an instant when you buy on KuCoin.

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Astar Network (ASTR) Price Analysis

Live Price

The live price of ASTR is 0.06512 USD, representing an increase of 13.09% in the past 7 days and -2.83% decrease in the past 24 hours.

Historical Trends

The all-time high of ASTR was 0.33534 USD on 04-10, 2022, from which the coin is now down -80.58%.
The all-time low of ASTR was 0.03218 USD, from which the coin is now up 50.58%.

ATL0.03218635727034006

ATH$ 0.33534

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Disclaimer

Given the nature of the crypto market, the price of Astar Network (ASTR) is subject to high market risk and price volatility. We recommend you invest in digital assets only after you understand how they work and their associated risks. Other factors to consider when devising your crypto investment strategy include your experience level, financial situation, investment objectives, and risk tolerance. You could also consult an independent financial advisor before buying cryptocurrencies. The above information is not financial advice, and past performance is not a reliable indicator of how the market will fare in the future. The value of your investments and assets may rise or fall based on market conditions, and there is no guarantee that you will get back the amount you invest or profit from your investments. Your investment decisions are your sole responsibility, and KuCoin is not responsible for any losses you may incur when you buy crypto on its platform. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information is provided to you solely for informational purposes and is not warranted by KuCoin.