Markets are on holiday today and Iran shot down an F-15. cryptocurrencies Its face is again turned to the Middle East and investors are focused on the news coming from here. Bitcoin continues to remain below $67,000. So, what is the latest situation in the two prominent players of the new generation DEX craze?
Hyperliquid (HYPE)
HYPE Coin, which managed to separate itself from the market despite the war and all the negativities, climbed to $ 43 in March with the support of commodity futures. Although this rise fueled expectations that the 2025 peak could be regained, the war agenda caused some withdrawal. When the decline in the overall market accelerates, the motivation of investors to sell profits increases.
Where we are today HYPE Coin It is in the decision zone and if it loses $35, the 10-day decline could trigger a return to $31. Then, the main support level of $28.2 will be targeted. Since the news flow is in favor of cryptocurrencies in the short term, HYPE needs either news that will feed the risk markets or fluctuation in commodity prices. The first one will increase the appetite, and the second one will increase the protocol earnings again and trigger the rise of HYPE Coin similar to the one in the past months.
Although the protocol’s USD inflows are weakening, they are stable and TVL is quite strong compared to its competitors. His 30-day fee is over $66 million, which can be considered good considering his total earnings are $1.2 billion. In summary, HYPE Coin’s strong stance and the rise we have left behind are not speculative, but are supported by the protocol performance.
Aster Coin
asters The chart smells like death, the price has been falling gradually for 16 days and is at its lowest level since February 11. We saw 2 significant attempts at $0.63 in March, which shows that it was heavily influenced by the negativity in the general market sentiment. The community reaction to CZ with the support of rival exchanges this year has reduced the interest in Aster considerably.
Maintaining $0.65 as support for now asters It moves sideways, but if $ 0.63 is lost again, we can see a drop to $ 0.558.
The graphics are poor, but what about the protocol? The chart above is extremely clear, instead of USD inflows we see constant outflows throughout March. This chart shows us that the protocol is losing users and money. Therefore, the Aster Coin price may drop further if the protocol continues to melt like this. The total locked value in the network is steadily decreasing. A warning for long-term Aster holders is the lock opening schedule below. With monthly revenue down to $6 million, token buybacks will also be weak. The value of the supply to be unlocked in 1 month is 29.7 million dollars.
