Dogecoin (DOGE) could not cut ties with Elon Musk – anything happening with the controversial CEO affects its price performance.
Dogecoin (DOGE) drops another 3% in today’s session, sending its total weekly loss to double digits. Investors are buying into The Hideaways (HDWY) which is holding a $100,000 prize draw for token holders for an entry price of only $0.10.
Dogecoin (DOGE) Mourns Over Elon Musk’s Fall from Grace
The Dogecoin (DOGE) community is saddened over Elon Musk’s fall from the world’s richest person title.
French business tycoon and CEO of LVMH Bernard Arnault took over the top with a $171 billion net worth. Musk trails just $7 billion behind with a $164 billion value.
Dogecoin (DOGE) is down 3.83% in the 24-hour charts to $0.087. The meme token is down 10.81% over the last seven days, and analysts warned investors of a bigger retracement to come as sellers see a better future in high-reward investments like The Hideaways (HDWY).
DOGE is up 45% in the three-month charts despite the painful volatility from the FTX crash. Elon Musk took over Twitter in late October, raising speculations about Dogecoin (DOGE) becoming the microblogging site’s official cryptocurrency for payments.
Dogecoin (DOGE)’s Technical Analysis Hints Fear
The recent setback opens a new era of speculation and volatility for Dogecoin (DOGE) holders. Technical indicators are in the bearish zone, indicating an ongoing fear among investors lately.
Dogecoin (DOGE) RSI is at 42.49, a sharp drop from its peak at 93.0 after Elon Musk closed the Twitter deal in October. Buyers face stiff competition against the new crypto project The Hideaways (HDWY) – the latter holds a $100,000 prize draw every investor wants to join.
Dogecoin (DOGE)’s first support level is at $0.071, a level it did not visit since late November. Failure to snatch strong momentum at this level would mean DOGE investors are ending the year at $0.050.
The Hideaways (HDWY) is a Cheap One-way Ticket to Fortune
For those looking to exit Dogecoin (DOGE)’s latest drop, The Hideaways (HDWY) is a top cryptocurrency to consider.
Everyone wants security for their investments more than anything. The Hideaways (HDWY), a crypto project underpinned by luxury real estate, assures stability at a cheap price.
The Hideaways (HDWY) sells NFT anchored with properties that give investors a 20% passive income source. This comes as the project distributes its monthly rental yields to investors in USDC and ETH.
For a price of $0.10 a token, HDWY is the cheapest crypto that can give you the stability you are looking for. On top of this, it is holding a $100,000 prize draw for all token holders to celebrate its initial presale event’s success.
Is The Hideaways (HDWY) your shot at achieving profit goals this year? It is. Don’t miss your chance.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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