The prices of the leading crypto market players, Ethereum (ETH) and Solana (SOL), continued to dip since last week following several economic headwinds, including the US Federal Reserve’s hiking of interest rates by another 75 basis points to tame soaring inflation.
This action spread negativity through the cryptocurrency space as the hike made it more expensive to borrow, pushing investors to dump their riskier assets, including digital tokens.
We take a closer look at The Hideaways (HDWY), a project that has beaten the market with 450% gains in 3 weeks and huge further gains predicted. The presale is already in its final stage, less than a month after launching so you’re going to want to jump on this one quickly!
Bears Continue to Dominate Ethereum (ETH)
Crypto market participants expected September to be the most important month for Ethereum (ETH) this year amid its blockchain upgrade known as The Merge.
Yet, the second-largest cryptocurrency by market capitalization plummeted by approximately 30% from its September peak of $1,789.00 in the midst of a bearish market cycle.
ETH was already facing a downslide before the Federal Reserve decision this week as it dropped by more than 19% since the launching of The Merge last week.
Looking back, the token’s price has tumbled by 21.91% in the previous 30 days and declined by 63.99% year-to-date.
Looking ahead, Ethereum is projected to remain in a downtrend as its Moving Average Convergence Divergence (MACD) reading sits in the negative territory at -0.38.
Due to this bearish trend, investors wanting a project that will give them positive returns should keep reading to find out more about The Hideaways (HDWY), a project already appearing on best investments of 2022 lists.
Solana (SOL) Remains in Negative Territory
In the past month, the price of the cryptocurrency token Solana (SOL) has been plunging by 4.62% and tumbled by 75.30% compared to 2021.
Its most recent rejection at the resistance level of $38.00 has pushed the price into a downtrend, losing more than 3% of its valuation in the previous seven days.
During the week, SOL was found at critical support, with the price just trading just above $30.00, showing that the bears are still in control.
Furthermore, Solana’s 10-day simple moving average and 10-day exponential moving average sit at $33.63 and $33.65, respectively, marking a sell action.
The digital asset’s bearish momentum has been continuing, and its Relative Strength Index (RSI) indicator is currently at the level of 47.23. This reading indicated that the current market conditions are negative, and SOL’s price is forecasted to decline in the near term.
The Hideaways (HDWY) Delivers 450% Gains in 3 weeks
The Hideaways (HDWY) is a brand new crypto project linked to a portfolio of properties that offer investors the opportunity to earn passive income from properties sourced at under market value by a globally situated team of property experts.
The HDWY token price has risen 450% since inception, with analysts predicting that this is just the beginning for a project that has already reached the 3rd and final stage of its presale.
The remaining 160m tokens are now on sale and the price is expected to continue rising and 3x from the current $0.045 price.
The new crypto project just topped the “Best Presales in 2022” with an amazing run, adding over 6k investors in 3 weeks.
It’s easy to see why the project is so popular. The project has passed an audit by Solidproof, the team have confirmed liquidity will be locked permanently, team tokens are also locked for 12 months and the project will be underpinned by physical assets.
Savvy investors have been able to identify the project as potentially the best investment of 2023. The price is protected from bottoming out thanks to the physical properties, passive income is generated and the HDWY token price is soaring.
Want to invest? Make sure you check out their VIP tiers, starting from $2,500 for Bronze and rising to $50k for Diamond.
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This news is republished from another source.