Democrats are not wrong in all their criticism of Trump’s cryptocurrency business. The partnerships with the WLFI project are significantly related to Trump’s role in this initiative. The Aster team sees the opportunity here and embraces them. This gives them an advantage and helps USD1 launched by WLFI grow.
Aster and WLFI
During Trump’s election victory, we were seeing the WLFI team inviting different projects to collaborate for a kind of PR. You were going to invest in the WLFI initiative by purchasing tokens, and you had to be grateful to them for the PR opportunity while making the payment with your own cryptocurrency. In this way, many partnerships were signed and WLFI experienced rapid growth.
WLFI Since it is a project initiated by the family of current US President Trump, it is advantageous to appear side by side with him. Remember what Justin Sun did late last year?
On December 11, Aster took the right step and launched USD1 pairs. Today they announced that they have taken this one step further.
“As promised, more is coming to Aster.
As part of the ongoing collaboration with @worldlibertyfi, we are happy to share that Aster continues to work on USD1 denominated trading pairs with @worldlibertyfi.
Rocket Launch Round 5: RTX/USD1 spot pair with 1.5× symbol boost offered by Aster in stages 4 and 5.
NFA. DYOR.”
World Liberty Financial CEO and co-founder Zach Witkoff expressed his satisfaction with this development and shared, “USD1 adoption is accelerating.”
Aster Coin Predictions
Aster’s It is good for Token to indirectly establish relations with Trump. So what is the situation on the on-chain side? TVL continues to decline from its peak of $2.46 billion 2 months ago and has reached $1.3 billion today. Perp volume is over 7 billion dollars. Since the volume is strong, we can say that things are going well in the protocol. Even though there are occasional decreases, the chart below shows us stability. Open interest is above $2.4 billion, and although not near the top, positions above $2 billion are stable.
So what about the price? The altcoin, which fell to $ 0.68, continues the day with a loss of 4.5%, and this is not surprising if we look at the decline in BTC price.
The price is near $0.794 and this was an important support point. In an environment where the key range cannot be regained, Aster may continue to try new ATL, and although an intermediate recovery is expected for next week, a good start is not foreseen for January. We may see Aster test $0.5 before the end of January. For an increase, the key support must first be reclaimed and closings above $0.988 must begin.
