A week of turmoil in the FTX exchange has left Polkadot (DOT) and Polygon (MATIC) traders to rethink their holdings, translating the uncertainty with multi-month lows.
Contrastingly, The Hideaways (HDWY) placed light amid the dark cloud over the industry as market participants stay away from riskier assets like DOT and MATIC until the dust settles.
Polkadot (DOT) Struggles on FTX Bear Market
Polkadot (DOT) was among the top losing tokens since the FTX exchange filed for bankruptcy this week, dumping 19.10% to $5.71.
This week, FTX also confirmed that the platform had experienced a hack on Telegram, instructing users to delete apps and avoid its website related to the exchange. Reports revealed that there is more than $600 million mysterious outflow left by the bankrupt crypto company.
In addition, weighted sentiment on Polkadot (DOT) has been in a downward trend. This decline suggested a lack of significant positive engagement on social media amid fading hype on DOT.
Crypto attention is now centered on The Hideaways (HDWY), who successfully survived the crypto crash and beat DOT this year.
Moreover, Polygon’s development activity slumps and a further low could trigger a DOT sell-off into the $4.00 region in 2023.
Polygon (MATIC) Drops Despite Active Developments
Polygon (MATIC) has witnessed a sharp drop after FTX’s tragedy caused the crypto space to be filled with fear of uncertainty and doubt. In the past week, MATIC’s price has decreased by 8.30% to $0.951580.
Although Polygon is more hyper-focused and specialized than other assets, it failed to contradict the downward crypto trend.
Recently, Polygon developers have been actively working on products to integrate Blockchain technology with Web2. As the drama unfolds with FTX, Polygon (MATIC) could slip further to as low as $0.035 by next year, far-flung from The Hideaways (HDWY) anticipated 40X ROI.
The Hideaways (HDWY) Bucks Crypto Bearish Storm
The unfortunate and shocking moment for the FTX has caused despair to Polkadot (DOT) and Polygon (MATIC) investors. Thankfully, The Hideaways (HDWY) kicked against the crypto drop-off, saving market participants from rock bottom.
The global cryptocurrency landscape has recorded a staggering fall amid the extreme liquidity induced by the fall of the once-infamous FTX exchange. The Hideaways marks itself safe from the FTX collapse as it has secured locked liquidity on each HDWY token, assuring no rug pull.
The Hideaways (HDWY) is a high-yielding luxury real estate investment tied to minting nonfungible tokens. Each high-tier property is hand-picked by experts to achieve incredible heights for passive income and crypto gains.
With a $0.072 presale offering and a $72 million market cap, The Hideaways (HDWY) concludes an enormous growth potential in 2023, an opportunity that no one should miss!
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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