After Bitcoin (BTC) jumped from a key support and hit a weekly high at $21,600, it was least expected that most altcoins will follow suit but that wasn’t the case for crypto storage tokens, Filecoin (FIL) and BitTorrent (BTTC) as they hit key resistance zones and lose supporters to new project presales, The Hideaways (HDWY)
Filecoin (FIL) Price Analysis: Break or Crash?
Filecoin (FIL) bounced from a weekly low of $6.10, giving the bulls some strength but this strength quickly met a strong resistance zone at $6.54 which caused the bears to regain the market, further pushing the price down.
Filecoin (FIL) sits at a key support at $6.34 which might likely not hold as data shows key drivers of Filecoin price are taking their leave and directing resources to a new presale, The Hideaways (HDWY).
If the Filecoin (FIL) support doesn’t hold, analysis shows we should expect the Filecoin price to drop further. In the last 12 months, FIL has dropped from a $9.0B market cap to $1.7B. ROI of Filecoin is currently at -44.75%.
BitTorrent (BTTC): No positive Signs
After recently transitioning because of a series of hacks from its old token to the new BTTC token, BitTorrent price hasn’t regained much.
BitTorrent is a file sharing and torrent platform with the BTTC token which currently trades at $0.00000091 which is a -66.84% decline in the last 6 weeks.
The confusion between the old and new token has caused further declines in prices with some investors claiming on Twitter to have lost 6X gains made in the last bull cycle.
BTTC currently has a trading volume of $70,906, price action predicts a further decline in prices as more investors leave by the day for the ongoing The Hideaways (HDWY) presale.
The Hideaways ($HDWY): Investors Being Rewarded With Free 5* Holidays
The Hideaways ($HDWY) project offers more practical and utility gains than FIL and BTTC. Here are 3 ways how they do that:
- Real yield from real estate rental income gathered from a portfolio of million dollar properties
- Fractionalized NFTs allow tokenization of real estate
- NFT trading to reallocate your portfolio instantly
- Leverage scheme
Fundamentals are just as important as technical analysis, and that’s what The Hideaway has in abundance. With their presale starting at $0.01, and with a minimum investment of $100, our analysts see a rapid 1,000% increase in 2022.
Investors who secure their Gold tier membership for just $10,000 will benefit from an annual 2 week 5* all inclusive holiday, an exclusive investor network, a free global concierge service valued at $50k per year and much more.
Analysts believe The Hideaways (HDWY) might just be the recovering system for investors from their losses in FIL and BTTC.
For more information about The Hideaways (HDWY)
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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