This year has been tough for cryptocurrencies, and altcoins have generally declined, with some exceptions. HYPE and ASTER projects achieved positive differentiation because they are very innovative initiatives in their field. So, what awaits the new generation DeFi protocols in the coming days? What situation are they currently in?
Aster Coin
It made a very good start with the clear and strong support of CZ during the launch period. asters He’s busy making deeper bottoms these days. The loss of the $1 psychological support level turned into a major sell signal for investors.
Although it seems to have bottomed at $0.660 for now, the price is still at $0.72, so the decline may not be over. What we want to see on the chart is a gain of the $0.844 support and a resumption of daily closes above $1. Thus, the 1.38 resistance can be targeted for the new ATH.
So price isn’t everything Aster protocol There are also good things happening regarding his development. For example, the team that launched Shield Mode on December 15 paved the way for much higher leverage transactions. This mode resets price slippage while improving the speed, security and flexibility capabilities of the protocol.
Hyperliquid (HYPE) Coin
The first implementer of the new generation DEX logic Hyperliquid (HYPE) Coin and he ate abundantly from it. It may be the best-performing altcoin of the year because it managed to jump from a few dollars to $60. Moreover, it meets all the necessary conditions for an attractive altcoin with its billion-dollar annual income.
With more than 1.3 million active users, $1.7 billion in daily volume, capacity for up to 200 thousand transactions per second and block time of 0.07 seconds hyperliquid can continue to lead the next generation DEX race. Regardless of what you see on the price chart, this strength is very supportive for HYPE Coin in the long run.
The total value locked on the network is over $4 billion and 30-day futures trading volume is close to $200 billion. Open positions are over 7 billion dollars and this HYPE Coin It represents a 50% loss compared to its best days. However, in recent months, investors have become exhausted and there is a lack of interest in the central stock exchanges.
Although it does not specify new ATL like Aster HYPE Coin It barely escaped testing the 20.6 low in the October 10 crash. The risk continues as it has not yet gained the $27.6 and $29.6 supports. Although the protocol is promising in the long term, OBO’s right shoulder may push it to $16.7. When $35 is broken, a move to $60 can be expected again, but the general market sentiment must recover.
