Cardano (ADA) and Polkadot (DOT) are on the cusp of further breaking below their current price levels as geopolitical forces and central banks squeezed the already battered markets. In line with this, experts anticipated the tokens to remain red in the near term.
Meanwhile, The Hideaways (HWDY) became this week’s winner as traders shifted to the fast-growing token. The project is set to disrupt a $235.00 trillion real estate market.
Cardano (ADA) Price Is Weak Despite Big ‘Vasil’ Upgrade
Cardano (ADA) retained its bearish momentum despite successfully deploying a highly-anticipated upgrade. The Vasil hard fork has emerged as one of its essential network updates to improve its blockchain’s performance.
The run-up to the upgrade has resulted in significant online interest in Cardano (ADA). Social mentions of ADA surged to 52,470, a record high over 90 days. However, despite the positive network development, the token failed to establish a bullish uptrend.
Cardano is trading 3.00% lower to $0.4306, marking an 8.22% decline this week. Let’s not forget ADA retraced most of its gains this year, slashing 79.70% of its value compared to 2021.
We hope our readers got on The Hideaways last week instead of holding their ADA stack, as it looks like we were right!
Our top analysts recommend shifting to the new luxury property investment venture, The Hideaways (HDWY). Get passive income through fully managed property rentals throughout the year.
Polkadot (DOT) Price Never Got Going and Looks Set For Lower Lows
Polkadot (DOT), the eleventh largest token by market cap, the price has been bearish for the last 18 months. But, in 2022 alone, its lost 79.9%.
DOT is exchanging hands at $6.44, mirroring a 2.00% decrease in the preceding 24 hours. Consequently, the coin has skidded 8.70% this week, summing up a total loss of 79.90% from the past year.
Experts cited that virtual coins are taking a step back, posing risks that Polkadot could soon collapse. Suppose the current elements keep developing on a negative path. In that case, a room for a crash to $1.42 in the medium-term will be possible. This trajectory does not bode well for DOT’s prospects over the next three years.
Moreover, significant challenges in its ecosystem also contributed negatively to the token’s movement. Subsequently, the top Polkadot projects’ total value locked (TVL) has crashed to the lowest level in months.
The Hideaways (HDWY) Rises against Negative Crypto Market
The Hideaways (HDWY) marked a notable upward momentum as it doubled its price from $0.01 to $0.02. The hundred percent increase came less than a month after the start of its presale.
The new crypto superstar sparked excitement in investors as they shifted away from the dark clouds that have dimmed the prospects for Cardano (ADA) and Polkadot (DOT).
They have already audited their contract – and passed with flying colors. The Hideaways (HDWY) community is over 1000 strong and looks set to grow at the same rate. And two great points:
- Liquidity is locked forever
- Team has to wait 2 years for their tokens
Moreover, HDWY is also set to be one of the crypto market’s best-performing coins this year. Leading analysts anticipated the token to record an exponential growth of 9,000% by 2022.
The Hideaways is designed to reward holders in ways no average real estate investment can. The revolutionary project is in the real estate and NFT business, two of the most sought-after ventures amid macroeconomic instability.
Never miss a chance to grow and place your assets on a less risky platform. HDWY is still holding its presale. Click the links below to join.
Website: https://www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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