The Democrats’ criticism surrounding Trump’s involvement in cryptocurrency is not entirely unfounded. The partnerships formed through the WLFI project significantly relate to Trump’s role in this initiative. The Aster team recognizes the potential in this opportunity and embraces it eagerly, which not only provides them with an advantage but also aids in the growth of USD1 initiated by WLFI.
Aster and WLFI
During Trump’s election victory period, the WLFI team invited various projects to collaborate as a form of public relations. Investing in the WLFI initiative involved purchasing tokens and expressing gratitude for the PR opportunities while paying with your cryptocurrency. This strategy led to numerous partnerships and rapid growth for WLFI.
Given that WLFI is a project initiated by Trump’s family, being associated with it can be advantageous. Remember the activities Justin Sun undertook at the end of last year. On December 11th, Aster made a strategic decision by launching USD1 pairs, and they have now announced further developments in this area.
“As promised, more is coming to Aster.
We are pleased to share that, as part of the ongoing collaboration with @worldlibertyfi, Aster continues to work on trading pairs in USD1 with @worldlibertyfi.”
Rocket Launch Round 5: RTX/USD1 spot pair with a 1.5× symbol boost offered in stages 4 and 5 by Aster.”
NFA. DYOR.”
Zach Witkoff, CEO and co-founder of World Liberty Financial, expressed his satisfaction with this development, stating that “USD1 adoption is accelerating.”
Aster Coin Projections
Aster’s indirect connections with Trump make the token promising. But what about on-chain activities? The TVL has continued to drop from its peak of $2.46 billion two months ago, reaching $1.3 billion today. The perpetual volume remains above $7 billion, indicating that despite occasional downturns, the protocol is doing well, as shown by the ongoing stability in the graph below. Open positions exceed $2.4 billion, maintaining stability above $2 billion even if not reaching peak levels.
What about the price? The altcoin, dropping to $0.68, continues the day with a 4.5% loss, which isn’t surprising given BTC’s price decline.
The price hovers around $0.794, a crucial support level. In an environment where the key range hasn’t been reclaimed, Aster might pursue new ATL attempts. While some recovery is anticipated for next week, a solid start in January is not expected. We might see Aster test $0.5 before January ends. For an upward trend, the initial step should be reclaiming the key support and closing above $0.988.
