This year has been brutal with popular coins like Cardano (ADA) and Uniswap (UNI), losing 83.50% and 77.10% of their value a year earlier.
In line with this, analysts have flagged The Hideaways (HDWY) as a better option than Cardano and Uniswap, offering a way to survive the harsh bearish market.
Cardano (ADA) Declines After Transaction Volume Dips to a 9-month Low
Blue-chip Cardano (ADA) seemed to be on track for a green recovery after the success of the Vasil hard fork. Unfortunately, things turned out worse as ADA currently faces a severe drop in network activity after transaction volume sank to a level unseen since January 2022.
This notable slump represents the recent price action of ADA, and the token desperately needs a bounce. In the past seven days, Cardano (ADA) has edged down 3.00% to $0.357332.
Conversely, brand-new projects like The Hideaways (HDWY) have marked a bright spot this year. The presale superstar has become an investor favorite thanks to the low market cap and huge growth potential – there are also insider rumors that the price is going to rise soon!
Accordingly, the latest drop in Uniswap (UNI) transactional volume has flagged fear among investors amid the lack of activity in the ecosystem. With the negative price performance, Cardano holders turn to other high-potential tokens like HDWY.
Uniswap (UNI) Set Eyes on NFT Market
As the market experienced losses, Uniswap (UNI) holders anticipated a sustained decrease in the token’s value. At press time, UNI is exchanging hands at $6.15, hovering 86.30% below its all-time high of $44.92.
This month, Uniswap unveiled a $165 million Series B funding round headed by Polychain Capital. The platform explained that the financial support would be used to expand its existing product offerings.
At the same time, UNI broadcasted intentions to launch nonfungible token projects in the future. Meanwhile, The Hideaways (HDWY) has already gained traction on the path as it is set to mint fractionalized nonfungible tokens underpinned by global luxury real estate.
The Hideaways (HDWY) is the Crypto You Need to Invest In!
The Hideaways (HDWY), recently regarded as the best investment of 2022, is a crypto-driven project tied to multi-million dollar properties worldwide – all cherry-picked by leading experts to produce high rental yield and capital gains.
The project assures passive income per year, which is expected to skyrocket by 90%, along with staking. The profitable nature of The Hideaways gives us a clear and promising path, unlike Cardano (ADA) and Uniswap (UNI).
Analysts even projected over 40x return on investment (ROI) in 2023. Thus, it is a smart move to invest early while HDWY still stands at a low market capitalization of $60 million.
The Hideaways (HDWY) presale is still new after launching last month and is on the road to significant gains in no time.
Are you interested in getting involved in The Hideaways? Click the links below.
Website: https://www.thehideaways.io
Pre-Sale: 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.
