News and price analysis of the crypto Hedera (HBAR), Tron (TRX), and Aave (AAVE): are we officially in altseason?

In this article, we take a look at the crypto of the Hedera, Tron, and Aave projects.

The market offers us some news to reflect on, in addition to a very interesting and volatile price dynamic.

After all the records set by Bitcoin since the beginning of the year, it seems that we have finally entered the long-awaited altseason phase. But is it really so?

All the details below.

The latest crypto news of the Hedera, Tron, and Aave projects

Starting from the most relevant crypto news of the Hedera project, we report the recent investment by the company SIX.

The latter, owner of the Spanish stock exchange BME, has decided to add Hedera and the platform of real estate tokenization OpenBrick to its network of strategic partners.

BME is committed to obtaining in parallel a license for the management of a trading and settlement desk within the scope of the DLT Pilot Regime of the EU in 2025.

Given and considering that OpenBrick operates on Hedera, the management of real estate buying and selling practices will take place on the same blockchain.

This is excellent news that brings the cryptographic network closer to the growing RWA world, where a true expansion is taking place on a global level.

Moving on to Tron, the most interesting updates concern Justin Sun, founder of the crypto platform and major supporter of the TRX asset.

Recently, the 34-year-old multibillionaire made headlines publicly for purchasing a contemporary artwork by Maurizio Cattelan.

Let’s talk about a banana taped to the wall with duct tape, sold to the Chinese entrepreneur for a sum of 6.2 million dollars.

The curious thing about this story is that the patròn of the Tron project decided on Friday to eat the same banana. A really expensive fruit!

As for Aave, it is worth highlighting the record of deposits of over 33 billion dollars recorded a few days ago by the market lender.

In recent months, more and more users have chosen to deposit crypto on the platform, enjoying significant yield in a completely trustless manner.

Furthermore, with the return to the bull market, the practice of “lend and borrow” on Aave has come back into fashion to fully exploit the advantages of leverage.

As of today, the protocol is used by 2 million users and is active on 13 different markets for 11 chains. We are in the midst of a renaissance of the DeFi ecosystem.

The crypto Hedera (HBAR) follows the stellar performance of Ripple (XRP): +420% in 30 days

One of the cryptos that is generating the most buzz recently is Hedera (HBAR), the result of a spectacular price performance.

In the last 30 days, the HBAR currency has grown by 420%, rising from 0.045 dollars to the current 0.24 dollars.

The weekly chart is representative of the strong bull trend that is underway, initiated from the first week of the month of November.

Now HBAR approaches a key resistance level, particularly targeted during the  bull market of 2021 and the subsequent bear market.

The ATH of the crypto at 0.57 dollars is still, however, very far away, with a current drawdown of about 58%. In any case, if the Hedera token manages to stabilize around the current levels by forming a solid bull pattern, we could see this target again in 2025.

The most detail-oriented individuals will certainly have noticed a similarity between the price movement of HBAR and that of XRP.

The two crypto seem highly correlated at this moment and are reporting the same performance.

The reason is quickly explained and concerns the so-called “Donald Trump effect” for crypto companies with legal headquarters in the USA. The new President wants to reduce the capital gain tax for this type of tech companies in the country.

Hedera, just like Ripple, has its operational bases in the United States.

Excellent bull structures also for the crypto TRX and AAVE

The bullish spirit of traders arrives not only on Hedera (HBAR) but also on the crypto Tron (TRX) and Aave (AAVE).

The first, although since the beginning of the year it has never recorded a rapid surge in prices, has always been at the center of a bull price dynamic.

While other coins have suffered more significantly from the summer drop, TRX has charted a solid bullish trend without showing signs of bear reversals.

This is a rather unusual chart, most likely “manipulated” by the injections of liquidity from billionaire Justin Sun who is supporting TRX.

The crypto has doubled its price since the beginning of the year, while since January 2023 it is up by 273%.

Now, however, it is particularly extended and far from the 50-period exponential moving average on the weekly time frame.

Despite there being room obviously for another leg up, we expect a strong pullback from here in the coming months.

Moving on to Aave, the situation appears completely different.

The crypto suffered heavily during the DeFi Summer of 2024, where the majority of projects in decentralized finance experienced significant contractions.

AAVE has consistently lost ground in recent months, but from September onwards it seems to have reversed its price structure.

In the last 30 days, AAVE has grown by 57%.

Since the speculations began about the possible victory of Trump in the US elections, the currency has returned to bull mode.

Now that the republican has been elected and has confirmed his support for DeFi, AAVE breaks all the graphical resistances of the last 2 years.

In the coming months, it will probably offer many emotions and return to the area of the highs.

Are we back in altseason? the fundamental data to observe

Given the performance of cryptos like Hedera, Tron, and Aave, many are starting to talk about the beginning of the long-awaited altseason phase.

Usually in bull market cycles, there is always a time window where altcoins perform at their best and offer  crazy returns in percentages.

These seasons coincide with the moment of strength for Ethereum, the altcoin par excellence of the crypto market right behind the king Bitcoin.

At this moment, despite ETH being in recovery, the conditions to establish the start of the altseason are not yet present.

Observing the ETH-BTC chart, we indeed notice that the trend is still clearly in favor of the bear. Prices are well below the EMA 50, and we are only at the first weekly green candle after a series of red candles.

To talk about altseson, we should at least wait for a pullback to the 0.05 BTC mark, an identifying target of a potential reversal.

In any case, this does not preclude potential gains from speculations in this phase. 

Altcoin from the DeFi, meme, AI and RWA categories could record very interesting gains, obviously in the face of non-negligible risks.