Upbit, South Korea’s largest cryptocurrency exchange, will allow trading of the ASTR utility token on the Astar Network starting at 18:00 local time on Monday, December 18. The introduction of the Won-ASTR trading pair brings with it many launches. Trading restrictions as part of the exchange’s goal of maintaining a safe trading environment.
Upbit only allows direct deposit through the Astar network and orders are limited to the first 5 minutes. Additionally, the Korea Exchange will initially limit sell orders to prices below 10% of the previous closing price. Market prices and pre-orders will be limited for the first few hours.
ASTR’s addition to Upbit came in the same year that Astar Network made some major upgrades. In June, the company announced its Primer 2.0 Vision, which outlines a long-term plan for the development of marker science, systems development, and the construction of a technical framework.
Astar Network says its goal is to achieve breakthroughs through innovation and blockchain. To that end, the company partnered with NTT Digital in July to create a Web3 training program to improve network infrastructure.
ASTR Price Analysis
Immediately after the announcement that trading on Upbit would begin on December 18, ASTR’s value increased by approximately 70% to approximately $0.14. After the initial rise, the token fell sharply and fell to around $0.12.
ASTR is trading in the green by a total of 45.85% in the last 24 hours and appears to be stable at the time of publication at a price of $0.117.
ASTR’s rise on Monday was the most dramatic price move in recent weeks and was accompanied by a sharp increase in volume. However, the token has experienced significant volatility over the last 365 days, gaining a total of 190.23% in value during this period.
ASTR was relatively stable last week but is still in the 50.69% green zone, thanks mainly to the rise on December 18th. However, the token has slowly increased over the last 30 days, gaining 83.94% during the day.
