The demise of FTX created unprecedented turmoil for Cardano (ADA) and Polkadot (DOT), causing the altcoins to lose their investors to The Hideaways (HDWY). The new generation investment has been making headlines despite the dreary cryptocurrency market.
Cardano (ADA) Movement Under Pressure
The value of Cardano (ADA) has seen unexpected lows amid the weeklong tale of the financial discrepancy of FTX. ADA has edged down 7.10% to $0.324887 in the past month, along with an 89.50% decline from its last year’s peak.
2022 has not been suitable for the cryptocurrency market as compounded miseries have dented investors’ sentiment. The sudden market meltdowns turned more intense after the dramatic FTX fall.
Digital assets like Cardano (ADA) are under pressure as their utility is tied to traders’ confidence in the market. Analysts now expected ADA to reach $0.54 in 2023, a bearish prediction compared to The Hideaways (HDWY), which recently flagged up to 40x ROI next year.
In other news, Cardano (ADA) unveiled plans to launch a new privacy blockchain and token but still failed to support its price movement.
Polkadot (DOT) Fades Price Value
Polkadot (DOT) indicates a further downtrend in its price movement, obtaining negative sentiment from the broader market. At press time, DOT has remained negative in the 30-day timeline, translating to a decline of 8.80% to $5.56.
The series of drawbacks on Polkadot (DOT) has signified the loss of positivity in the crypto space as investors exited risky assets in light of the FTX failure.
Due to the weighing bearish pressure, Polkadot stayed behind from high price predictions for 2023, with expectations to stay at $6.72. This is farfetched from the anticipated bullish run of The Hideaways (HDWY) next year.
The Hideaways (HDWY) Rises As Favorite Token After FTX Collapse
Cryptocurrency values were crushed after the FTX exchange went insolvent, but The Hideaways (HDWY) popularity surged ahead, making it the most favorite presale token.
The Hideaways has been making noise as analysts projected massive returns in 2023, supported by its lot of space for growth amid a small market cap of $45.00 million. The newest venture is set to deliver exceptional benefits that even Cardano (ADA) and Polkadot(DOT) could not provide.
Investing in the trillion-dollar luxury property market is now easy, thanks to The Hideaways (HDWY). It mints fractionalized NFTs backed by high-tier real estate properties, handpicked by experts.
The Hideaways presale is still ongoing, offered at $0.10. This trusted project has also passed audits from the German firm Solidproof, proving its reliability to investors. In addition, HDWY has established a permanent lock on the platform’s liquidity to highlight its long-term commitment.
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.
