Aster's highly-anticipated mainnet launch on March 17 aimed to bring zero-knowledge privacy to users through its decentralized exchange (DEX). However, the token's price has failed to maintain the $0.70 level, despite a promising rally before the event.
The bearish market sentiment and selling pressure from investors booking profits after a 10% rally contributed to the decline. The FED's decision not to cut interest rates also had an impact on the crypto market, with Bitcoin and other tokens experiencing a 5% correction.
Aster's partnership with World Liberty Financial (WLFI) to integrate its USD1 stablecoin perpetual contracts was expected to boost the token's price. However, the announcement failed to have a significant impact on the market.