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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
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Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Astar Makes History, Investors Celebrate 16% Price Hike – Here’s More

Christian Encila
Christian Encila
1 year ago
3 mins read
Astra

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Astar ( ASTR), a parachain on the Polkadot ecosystem, has been making waves recently, not with flamboyant pronouncements, but with solid numbers and genuine growth.

Source: Coingecko

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Astar: A Community Blossoming

Astar has made a historic achievement, boasting an impressive 650,000-strong community of ASTR enthusiasts, showcasing its growing appeal within the Web3 space. This isn’t just passive fandom; a staggering 3.4 billion ASTR tokens, over 63% of the circulating supply, are staked within the ecosystem, demonstrating remarkable faith in the network’s future.

Astar isn’t chasing fleeting trends; its focus is firmly on tangible applications. Partnerships with industry giants like Toyota and the Japanese Railway operator are concrete steps towards integratingblockchain into real-world systems.

🌟 We’ve surpassed 650K Holders! 🎉

With over 3.4 billion ASTR staked to projects!

What are the key drivers to our growth, you ask?

Easy! Various teams being incentivized to build on Astar have introduced some exciting new products, as well as activities for their supporters… pic.twitter.com/TxjrzhZYT0

— Astar Network (@AstarNetwork) January 17, 2024

DeStore Network revamps customer branding, SFY Labs crafts immersive gaming experiences, and Kekkai bolsters Web3 security – these are just a few examples of Astar’s dApps actively bridging the gap between the theoretical and the practical.

Astar currently trading at $0.17461 on the daily chart: TradingView.com

Steady Growth

While ASTR enjoyed a 3.4% rise in the past 24 hours and a 15% surge over the week, its growth narrative isn’t one of manic swings. Astar’s price appreciation finds roots in consistent user adoption and ecosystem development, not speculative hype.

ASTR seven-day price action. Source: Coingecko

Astar 2.0: A Future-Proofing Play

The upcoming Astar 2.0 upgrade isn’t just marketing jargon; it’s a carefully planned evolution. Enhanced network functionalities aim to attract more developers and foster further user engagement, paving the way for ASTR’s long-term aspirations.

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Astar’s narrative isn’t about pronouncements or promises. It’s about a network diligently carving its path in the Web3 landscape, one developer, one dApp, one staked token at a time.

The numbers speak for themselves – 650,000 community members, 3.4 billion staked tokens, and strategic real-world collaborations. Astar’s journey is far from over, but the groundwork for sustained success is undeniably being laid.

Featured image from iStock

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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