Once-popular cryptocurrencies like Dogecoin (DOGE) and Safemoon (SFM) are failing to gain traction, and the price is seriously looking bearish.
Price drops for both coins are understandable, given the current state of the market. When the bulls take over, investors will be on the lookout for alternative digital currencies backed by real-world assets with real-world applications in addition to significant profit potential.
With the parabolic runs of Dogecoin (DOGE) and Safemoon (SFM) now behind them, investors are looking to other, more highly touted platforms like The Hideaways (HDWY) in the hopes of making a profit.
Dogecoin (DOGE) Is Down 90% From Its All-Time High
Dogecoin (DOGE) was introduced in 2013 and has since seen a meteoric rise in value thanks to the support of billionaires such as Elon Musk and Mark Cuban. Furthermore, major retailers like GameStop and AMC Theatres now take meme coins as payment.
Dogecoin (DOGE) has appreciated since then, reaching an all-time high of $0.74 in May 2021. However, the success of Dogecoin (DOGE) was short-lived and has yet to recover; at its current price of $0.0589, DOGE is 92.03% below its all-time high and shows no prospects of rising in value.
Safemoon (SFM) Value Ain’t Mooning
After peaking at $0.00338 on January 5, 2022, the price of Safemoon (SFM) has been steadily declining.
There was a 92.58% drop in SafeMoon (SMF) price from its all-time high in January 2022 to its current price of $0.000251. SafeMoon (SMF) has also had a price decrease of 1.13% over the past 7 days.
Safemoon’s price reduction can be attributed to a number of different factors. Over the previous few months, the cryptocurrency markets have experienced a steady drop.
Many early Safemoon (SMF) investors are cashing out their holdings at the current price. The future of meme coins is becoming more doubted, which is understandable.
The Hideaways (HDWY): Your Front Runner For 2023
Even though the majority of well-known cryptocurrencies, such as Dogecoin (DOGE) and Safemoon (SFM), are seeing a downward trend, lesser-known cryptocurrencies, such as The Hideaways (HDWY), are garnering a lot of attention.
Investing in NFTs backed by high-end properties worldwide with as little as $100 is now possible thanks to The Hideaways (HDWY), a promising alternative investment option.
You then get an incredible 20% passive income per year as they handle all short-term holiday rentals, events like weddings, and acquiring properties for less than market price.
And there is no need to worry about the security of your investments with The Hideaways (HDWY), as it has passed an audit conducted by Solid Proof with high marks.
Moreover, you can buy with confidence, knowing that the liquidity is locked and is guaranteed to remain locked for the next 999 years.
The Hideaways (HDWY) currently have a 50% off sale, reducing the price to just $0.03 for a limited time! Our crypto experts predict a value gain of 9,000% in the following year.
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Website: https://www.thehideaways.io/
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
