Cryptocurrency ASTR (ASTR) price soars by about 90% at one point due to listing on South Korea’s largest company Upbit

Focus on Korean market

The price of ASTR, the native token of the Japanese public blockchain Astar Network, soared on the 18th.

The price rose when Upbit, South Korea’s largest crypto asset (virtual currency) exchange, announced that it would list the Korean won and ASTR pair. According to CoinGecko data, the price at one point nearly doubled from 10.71 yen to 20.27 yen. At the time of writing this article, the price was in the 14 yen range, an increase of over 26% from the previous day.

Source: CoinGecko

connection:What is the public blockchain “Aster Network (ASTR)” from Japan? | Explaining its characteristics and mechanism

Sota Watanabe, founder of Aster Network, made the following comment to the virtual currency media “The Block.”

Mr. Watanabe said that from now on, the company will focus more on the Korean market as there is much to learn from Japan and Korea.

In addition, in this regard, the company posted on social media that it plans to collaborate with Korean projects such as entertainment and electronic products.

Listed on Upbit in Korea. Upbit is actually the second largest exchange in the world, and I think it’s a big deal that the KRW/ASTR pair was created. We plan to continue collaborating with Korean companies and projects in areas such as entertainment and electronics! https://t.co/8z20VebO7i

— Sota Watanabe @Star Tale Lab (@Sota_Web3) December 18, 2023

In South Korea, ASTR was listed on bithumb in September of this year. At that time, Mr. Watanabe explained that the company would seriously expand its business in South Korea.

connection: ASTR (ASTR) newly listed on bithumb in Korea

Business in Japan

Aster Network has received investment from Coinbase, Binance, and others, and is attracting a lot of attention worldwide.

Additionally, as Mr. Watanabe said, in Japan, the company is actively expanding its business by collaborating with major companies and local governments.

connection: Astar Network strengthens collaboration in Japan | Summary of trends

For example, in October last year, NTT Docomo announced that it had entered into a basic agreement with Stake Technologies, which handles Aster Network, to popularize Web3.

connection:NTT Docomo signs basic agreement with Astar Network to spread Web3

Additionally, in September of this year, it was revealed that Mizuho Bank would utilize the Aster Network in a demonstration project in Kumamoto Prefecture aimed at “improving the brand power of Kuma Shochu using NFTs and the Metaverse.”

connection: Mizuho Bank and Astar Network collaborate on Kumamoto Prefecture’s Kuma Shochu brand improvement project

In a video of the “Japan-ASEAN 50th Anniversary Special Summit Meeting” released by the Prime Minister’s Office on the 18th, Watanabe expressed his enthusiasm for the first time in Web3, saying that Asia could take the lead in the software field.

An interview with Prime Minister Kishida about the 50th Anniversary of ASEAN-Japan Friendship and Cooperation Special Summit Meeting has just been released on YouTube from the Prime Minister’s Office.

As a Japanese member of the Web3 movement that is currently gaining momentum in Asia, we have made a commitment to leave results in Asia and the world. Please see it. https://t.co/RO5fr6CooM pic.twitter.com/3gGgeCi1h1

— Sota Watanabe @Star Tale Lab (@Sota_Web3) December 18, 2023

The post Cryptocurrency ASTR (ASTR) price soars by about 90% at one point due to listing on South Korea’s largest company Upbit appeared first on Our Bitcoin News.