The downturn in cryptocurrency prices presents opportunities to acquire reliable assets at a favorable price. This article examines four promising altcoins.
Sui Network ($SUI)
Sui Network reached a new peak recently, but it is currently trading with a 7.2% decrease. Nonetheless, its ecosystem continues to grow strong. DeFi projects, including stablecoins and lending protocols, have boosted the platform's total locked value to $2 billion. Upcoming projects and increased institutional interest, underscored by partnerships with Grayscale and Franklin Templeton Digital Assets, highlight its ongoing appeal.
Ethena ($ENA)
Ethena is a DeFi project offering a synthetic dollar, $USDe. To maintain parity with the dollar, a 'delta-neutral' strategy is applied, minimizing price risks. A stable high APY of 10% is maintained through these delta-neutral positions. Ethena's strategic partnership with World Liberty Financial supports its market position, despite the current 17% price drop.
Hyperliquid ($HYPE)
Hyperliquid is a unique Layer 1 application chain offering trading opportunities. Following a successful airdrop, the token price quickly increased. Today, the price decreased by 14%, offering a favorable investment opportunity. Hyperliquid stands out as a fully self-funded project, free from venture capital pressures.
The current cryptocurrency market situation provides investors with the opportunity to acquire promising assets at a discounted price. It could be an excellent chance for long-term investments amidst the ongoing bullish trend.
