As Bitcoin maintains its position above $90,000, the altcoin market shows promising signs of continued growth over the weekend. Despite Bitcoin’s brief fluctuations below this key threshold, the double-digit increases in several altcoins suggest this may not be the fortieth bull trap. Aster and HYPE Coins are anticipated to reach higher peaks in January if the current market trends sustain.
Aster Coin Price Forecast
According to DefiLlama data, while perpetual contract volumes recover, the Total Value Locked (TVL) for Aster remains relatively stable. The open positions for Aster are still far from their lows, standing at $2.5 billion. Aster Coin is expected to demonstrate considerable rallies in the new year as its revenue trajectory hints at a robust recovery.
Leading into the weekend, Aster aims for a 4% increase, yet it struggles to surpass the $0.78 mark. Should Aster manage to break this resistance, the target price range could shift to between $0.91 and $1.39. Depending on market sentiment in January, Aster’s ceiling might reach up to $1.39.
HYPE Coin Price Prediction
Hyperliquid protocol sees an increase in open positions, with DefiLlama data showing positive trends in earnings compared to Aster. The open positions approach $7.5 billion. Hyperliquid is set to benefit from being the first new-generation decentralized exchange (DEX) for some time. On January 6, a 12.46 million HYPE token unlock will take place, with these unlocks continuing throughout the year, pushing circulating supply to 903 million. Although current circulation stands at 339 million, this could be balanced through token burns, among other strategies.
If consistent token burns occur, the price impact of the unlocks, which amount to 3.61% of the supply, might be mitigated, potentially leading to deflation. However, as the main token unlocks commence this year, achieving deflation seems challenging due to the rapid increase in supply, though negative effects might be limited.
Regarding its price, the $24 valuation holds strong with considerable buyer enthusiasm. Investors with long-term targets for HYPE Coin may overlook the risks associated with significant token unlocks. Many altcoins face issues with annual double-digit inflation.
In the short term, HYPE hopes to overcome fears around token unlocking and reclaim $26.2. Should market sentiment turn positively, $29.5 could become an attainable target. Consistent and substantial token burn announcements could elevate the target price to $35, shifting focus from technical patterns to the dynamics within the token’s economy.
