Astar Drops 11% Today — Should You Buy the Coin Now?

Today the real-time price of Astar is $0.29, with a 24-hour trading volume of $282.3 million. The token has lost more than one-tenth of its value today.

If you want to learn what Astar is, whether it could be profitable to buy this asset during a dip, and where to buy Astar right now, you’re in the right place.

Where to buy Astar now

What is Astar?

Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly (WASM), and layer-2 solutions like ZK Rollups. Astar aims to become a multi-chain smart contract platform that supports multiple blockchains and virtual machines.

Polkadot’s Relay Chain does not support smart contracts directly. That makes parachains that provide smart contract capabilities crucial for developers building within the Polkadot ecosystem.

Astar intends to provide a developer-friendly platform with EVM compatibility while establishing a parachain where EVM and WASM smart contracts can coexist and interact.

Should you buy Astar today?

Astar may be a profitable investment, but before investing you should review price forecasts from several reputable analysts and perform your own market research. Treat any investment advice with caution and consider your risk tolerance.

Astar price forecast

GOV Capital forecasts that Astar (ASTR) will largely hold its current price level over the next year. Over a five-year horizon, their projection estimates 1 ASTR could reach approximately $1.20.

Astar on social media

Amazing news!! We are excited to announce a $22M fundraise with participation from @polychain, Dr. Gavin Wood, @AlamedaResearch, @AlchemyPlatform, @cryptocom, and other great investors.

We will create a multi-chain smart contract hub and Web3.0🚀https://t.co/sNgecVsslS

— Astar Network (@AstarNetwork) January 28, 2022