Latest Trading market Updates Today, September 20: CZ Binance Hyperliquid Competitor Surpasses 1 USD | ASTER Crypto to Outperform HYPE?
This day, ASTER USD has emerged as a prominent figure in cryptocurrency news after surpassing the $1 mark, attributed to CZ Binance. Indeed, this surge is closely associated with the recent focus on ASTER by CZ Binance, transforming this new perpetual DEX into one of the most monitored projects this month. Historically, CZ Binance has refrained from sharing crypto charts, yet he made an exception for ASTER.
Great job!
Excellent beginning. Continue to innovate! pic.twitter.com/oMfOxfsBRS
— CZ
With ASTER USD soaring over 450% today and trading volumes exceeding $739 million (CoinGecko), it’s evident why many crypto outlets speculate on whether CZ might reshape the existing Decentralized finance environment, especially as Binance has surpassed all crypto exchanges.
(source – CoinGecko)
Per CoinGecko, Bitcoin ▼-0.54% is trading at $115K, while ETH ▼-1.25% at $4,475, establishing a robust crypto market atmosphere. However, the actual excitement seems to be within the alternative coin realm—particularly with ASTER USD. Following CZ’s endorsement, the coin surged 370%, currently exceeding $1. With backing from CZ’s Binance Labs, ASTER might also surpass Hyperliquid. Additionally, BNB ▲0.69% has just crossed the four-digit threshold.
(source – TradingView)
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CZ Binance Disrupts Decentralized finance with ASTER Surpassing 1 USD: Is ASTER Set to Surpass HYPE?
ASTER not only reached 1 USD but also shattered all-time highs continuously, boosting its trading market capitalization to $1.55 billion. Data from DeFiLlama indicates ASTER’s Total Value Locked (TVL) has already surpassed 792 million USD. Such data highlights an exceptional achievement for a newly established protocol. With a daily perpetual trading volume on DeFiLlama at $17 billion, ASTER stands a viable chance to establish a prominent presence within “the DEX narrative.”
(source – Defillama)
Simultaneously, CZ Binance’s latest venture, ASTER, has emerged as a formidable contender against Hyperliquid. While HYPE maintains a crypto market cap of $15 billion, its stagnant 0% 24-hour change starkly contrasts with ASTER’s astonishing 800% weekly increase. CoinGlass’s open interest data reinforces this trend, indicating growing uptrend sentiment for ASTER pairs.
(source – Coinglass)
So, what’s the outcome?
Surpassing HYPE seems realistic if liquidity consistently transitions into ASTER, and TVL dynamics remain positive, particularly with CZ Binance’s base level. ASTER USD appears to be more than just a fleeting trend, signaling potential advancements in the DeFi arena.
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Bitcoin Cycle May Be Concluding as Bitcoin USD Price Dips Below $116K; Top Memecoin to Purchase Right Now
The BTC USD value is hovering below $116,000. While this might not be alarming, it could signal a significant shift in the digital currency cycle. With BTC values now residing around high $115K after struggling to maintain momentum over $117K this month, many are speculating this might signify the end of Bitcoin’s reign. The trading market sentiment reflects this, with macroeconomic factors like the Fed’s policies and the Bitcoin USD price trending towards stability rather than further breakout.
(source – Bitcoin.D, TradingView)
Technical indicators suggest that BTC ▼-0.54% may remain stable in this price range for some time.
As reported by CoinGlass, open interest has plateaued following weeks of decrease, and funding rates are neutral. Liquidations have subsided, declining under $350 million over the past day, suggesting a decrease in volatility.
(source – Coinglass)
Bitcoin retains a crypto market capitalization of $2.3 trillion, yet its dominance has diminished, making this phase in digital currency particularly intriguing. The conditions of stabilized price movements, neutral trading market sentiment, and declining dominance are likely precursors to altcoin rotations. At present, this rotation may particularly favor the memecoins sector.
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The article Latest Crypto market Update Today, September 20: CZ Binance Hyperliquid Killer Broke 1 USD | ASTER Crypto Set to Surpass HYPE? first appeared on 99Bitcoins.
