Astar (ASTR) Price Prediction 2024-2030: Will ASTR Price Hit $0.5 Soon?

• Bullish Astar (ASTR) price prediction ranges from $0.22 to $0.5.
• Analysis suggests that the ASTR price might reach above $0.32.
• The ASTR bearish market price prediction for 2024 is $0.04.

Aside from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and get experience with new cryptocurrencies. Astar (ASTR) is one of them.

Astar Network is a multi-chain decentralized application layer on Polkadot. Astar incorporates Ethereum Virtual Machine, WebAssembly. The platform supports various decentralized applications like DeFi, NFTs and DAOs

If you are interested in the future of ASTR and want to know its predicted value for 2024, 2025, and 2030, keep reading!

Astar (ASTR) Market Overview

What is Astar (ASTR)?

Astar, formerly known as Plasm, is a decentralized platform for building dApps in the web 3.0 ecosystem, founded by Sota Watanabe in 2019. It’s built on the Polkadot network and supports both Ethereum Virtual Machine (EVM) and WASM virtual machine, offering developers a wider range of tools for creating smart contracts. EVM is a well-established computation engine on Ethereum with millions of projects that are ready to be executed, while the WASM virtual machine is a portable compilation target that allows for deployment on the web using programming languages.

As the crypto community grows, the demand for more accessible, fast, and dynamic decentralized applications (dApps) is on the rise. Astar, a platform founded in 2019 by Sota Watanabe, offers a solution to this need. Astar provides a more efficient, affordable, and scalable platform for dApp development and runs on the Polkadot network. It also supports Ethereum Virtual Machine (EVM) and WASM virtual machines, allowing for a wider range of programming language options. Additionally, the platform implements layer 2 solutions such as Plasma and ZK rollups to enhance performance and offers cross-chain compatibility through the Polkadot network. Astar has also introduced the concept of dApp staking, where users can support specific projects rather than staking to secure the network.

The Astar platform operates on two levels. The first tier, referred to as the base layer, is a layer one blockchain constructed with the use of the Substrate blockchain technology. The second tier is a scaling solution that utilizes the Optimistic Virtual Machine (OVM), created by the Plasma Group. This gives developers the ability to customize their scaling design through the OVM module on Astar. Then, by utilizing Plasma or ZK rollups, developers can integrate their application layers into Astar’s base layer. The layer two solutions on Astar store data and ensure state transitions occur within the base layer of the Astar Network.

Astar network has the following core features such as developer rewards and dApp staking, and operator trading.

Astar (ASTR) Current Market Status

The maximum supply of Astar (ASTR) is unavailable, while its circulating supply is 5,508,143,470 ASTR, according to CoinMarketCap. At the time of writing, ASTR is trading at $0.1688 representing 24 hours decrease of 0.67%. The trading volume of ASTR in the past 24 hours is $31,818,512 which represents a 27% decrease.

Some top cryptocurrency exchanges for trading are  Kucoin. Coinbase, Kraken and Bitstamp.

Now that you know Astar and its current market status, we shall discuss the price analysis of Astar (ASTR) for 2024.

Astar (ASTR) Price Analysis 2024

Currently, ASTR ranks 67 on CoinMarketCap’s list of the biggest cryptocurrencies by market capitalization. Will ASTR’s most recent improvements, additions, and modifications help its price rise? First, let’s focus on the charts in this article’s ASTR price forecast.

Astar (ASTR) Price Analysis – Elder Force Index

The Elder Force Index is an indicator that is used to measure the power of the bulls behind market rallies and the strength of the bears in a falling market. To gauge this the Elder Force Index (EFI) takes into consideration three parameters: the direction of the price change, the extent of the price change, and the volume. 

Currently, the elder force index reads a value of 85.782K and the line seems to be heading further down. Just like the RSI, the EFI is also showing divergence. When ASTR is making higher highs, the EFI is making lower highs. This shows that with the higher prices of ASTR. the volume is dwindling, or, it means that there is less buying and selling as the prices keep going higher. As ASTR’s increment is not being supported by volume, there is a high chance that the token may fall.

Astar (ASTR) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average.

The red rectangles in the chart show two occasions when the bands contracted and widened. When the bands widen, the price of ASTR could fall or increase by a large margin and when the bands contract, there are very few vertical movements. Since these movements are negligible if it occur over a long period, we could say that ASTR is moving sideways or it is consolidating.

The chart above shows how ASTR gained value since late October 2023. The Bollinger trend indicator has turned green and this shows that ASTR is performing really well. The Bollinger bandwidth indicator at the bottom of the chart reads a value of 54 and the line seems to be heading downwards. This shows that the bandwidth could reduce further and the market could stagnate with little vertical movements. 

Astar (ASTR) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued. 

The overbought and oversold conditions of a cryptocurrency could change based on the timeframe. For instance, the market could be overbought in the short time frame while in long time frames, the trend could be neutral (30<neutral<70).

Currently, the RSI for ASTR reads a value of 56 and the line seems to be heading downwards. Since RSI is neither overbought nor oversold, the trend is neutral. Nonetheless, the RSI bands in the chart show that ASTR has just retraced after touching the upper band (overbought). Since ASTR is heading downwards, it may seek support from the SMA. If support is denied at the SMA level, then, ASTR could crash into the lower section of the Bollinger bands. 

Additionally, there could be seen a divergence in the RSI and the price. Although ASTR is making a higher high, the RSI is making a lower high. This is a bullish divegnce which shows that ASTR still has some momentum remaining. 

Astar (ASTR) Price Prediction 2024-2030 Overview

Astar (ASTR) Price Prediction 2024

The above chart shows that from May 2022 until November 2023 ASTR’s price movement was restricted below Support level 1 at around $0.10. However, the token started to gain value at the dawn of November. The price predictor indicator shows that the highest price that ASTR could have reached was $0.2126 and the lowest price was $0.1554. 

Since ASTR has established a new rising gradient, there is a high chance that it could keep rising in the future. In the event, that ASTR respects the new gradient, there is a high chance that it could reach the resistance level at $0.226 and may even go above and reach $0.32. 

If the newly established gradient is breached, ASTR would be looking to land on $0.1335, which is the average price. Nonetheless, in the event the bears turn up the pressure, ASTR would be looking to land on Support level 1 at 0.12.  If the bears are uncontrollable, then Astar would be targeting Support level 2 at $0.04.

Astar (ASTR) Price Prediction – Resistance and Support Levels

After an extended period of consolidation, ASTR seems to have gained some momentum. The horizontal line shows the resistance and support levels during ASTR sideways movements. The green thick lines show ASTR’s support levels while the red thin lines show the resistance levels during Astar’s lateral movements. 

However, ASTR is currently moving diagonally. The green lines show the six different variations of support levels that ASTR has and it could move along one of that. The red lines show the resistance levels, which ASTR could take in the future. 

Astar (ASTR) Price Prediction 2025

ASTR may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. Moreover, similar to many altcoins, ASTR will continue to rise in 2025 forming new resistance levels. It is expected that ASTR will trade beyond the $1.35 level.

Astar (ASTR) Price Prediction 2026

It is expected that after a long period of bull run, the bears would come into power and start negatively impacting the cryptocurrencies. During this bearish sentiment, ASTR could tumble into its support regions. During this period of price correction, ASTR could lose momentum and be way below its 2025 price. As such it could be trading at $0.85 by 2026. 

Astar (ASTR) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. However, there’ll be a dip in price before the excitement will be reciprocated in ASTR. As such we could expect ASTR to trade at around $1.25 by the end of 2027. 

Astar (ASTR) Price Prediction 2028

As the crypto community’s hope will be re-ignited looking forward to Bitcoin halving like many altcoins, ASTR may reciprocate its past behavior during the BTC halving. Hence, ASTR would be trading at $1.8 after experiencing a considerable surge by the end of 2028. 

Astar (ASTR) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. However, traders speculate that the crypto market would gradually become stable by this year. In tandem with the stable market sentiment, ASTR could be trading at $2.75 by the end of 2029.

Astar (ASTR) Price Prediction 2030

After witnessing a bullish run in the market, ASTR and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, ASTR could be trading at $2.25.

Astar (ASTR) Price Prediction 2040

The long-term forecast for ASTR  indicates that this altcoin could reach a new all-time high(ATH). This would be one of the key moments as HODLERS may expect to sell some of their tokens at the ATH point. 

If they start selling then ASTR could fall in value. It is expected that the average price of ASTR could reach $4.5 by 2040.

Astar (ASTR) Price Prediction 2050

The community believes that there will be widespread adoption of cryptocurrencies, which could maintain gradual bullish gains. By the end of 2050, if the bullish momentum is maintained, ASTR could hit $6. 

Conclusion

As said above, the price of ASTR may even reach above $0.32 if investors have decided that the cryptocurrency is a good investment, along with mainstream cryptocurrencies. 

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and affiliates will not be held liable for direct damage or loss.

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