Exchange tokens are hailed as among the safest investments in the crypto world. They are backed by exchanges with millions of users and followers. Are they really worth your money?
Let’s compare them against a new coin The Hideaways (HDWY) that’s been all over the news lately. Which among them makes the best investment? Let’s find out.
Binance Coin (BNB) Price Analysis: Bearish
Binance Coin (BNB) made a remarkable jump last week. The coin’s up 7.29% in the last 7 days. However, we are beginning to see some signs of weakness as the price retraces by a solid 5% to $284.60 on Tuesday, September 13.
BNB coin hit a hard resistance at $300.00 which triggered a massive sell-off of the coin. In the previous week, investors cheered on the network’s test net release which aims to increase its throughput to 10,000 transactions per second.
Now that positive sentiment has died down, analysts predict BNB falling to its first support at $278.30. If enough buying consolidation does not happen at this level, the next support line is found at $259.20 – a September low.
In the current state of things with BNB, it is better to invest your money in the new cryptocurrency The Hideaways (HDWY) which is forecasted to jump 9,000% this year.
Cronos (CRO) Entering Oversold Territory
Investors rush to exit their positions on Cronos (CRO) as it nears the oversold territory.
Once CRO settles at the 30.0 RSI danger zone, analysts say that investors will have a hard time recovering from the dampened sentiment and this could put its price on an extended bearish streak.
Cronos (CRO) is down by a painful 8.68% for the day to $0.114, making it one of the latest casualties in the overall crypto market’s price correction from last week’s gains.
The Hideaways (HDWY): 100% Price Rise This Saturday
The Hideaways (HDWY) presale is currently pumping thanks to investors wanting to take advantage of the income price rise and secure themselves a 100% gain by doing so.
With the price expected to rise to between $0.40-$0.60 by the time presale ends on 31 December, investors are queuing up to make huge returns on their investment.
Investors hit by the market crash after inflation news are investing big in The Hideaways thanks for the passive income on offer through rental income from a global portfolio of properties, staking income and the HDWY token price increases to come during 2022.
Not only that, but larger investors have chosen the token as a safe have for their money. Investment value is extremely safe as the project is backed by physical assets secured by a global team of property sourcers at under market value.
This is huge in the crypto world as investors have a chance of minimising their investment risk whilst making huge passive income returns.
Their Gold, Platinum and Diamond tier rewards come with investment of $10k, $20k and $50k and rewards include free 5* holidays every year, a free annual private jet flight, off-market property deals, a global luxury concierge service and much more.
It’s a huge project that has the potential to truly disrupt a $230 trillion industry. It’s not often that projects as large as this are opened to the public at such an early stage and savvy investors are taking full advantage.
Source : cryptodaily.co.uk
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