Cardano (ADA)'s Vasil upgrade, expected to make it more efficient through faster transaction speed, improved dApp development, and lower costs of doing business with the Cardano network, went live in September 2022.
Polkadot, created by the co-founder of Ethereum, Gavin Wood, hasn't had the best of runs – even throughout the last bull run.
Cardano (ADA) and Polkadot (DOT) lead market losers this week, but our analysts first mentioned The Hideaways (HDWY) last week, and investors have been piling in, and $HDWY is now $0.03, a 200% gain! Find out more about it later.
The price of Cardano (ADA) is down 4.72% in the last 7 days. The whole crypto market saw Ethereum's switch to PoS as a sell-the-news event, and ADA's Vasil Fork seems to be the same.
Cardano (ADA) is trading with a 0.66% increase to $0.46 in the last 24 hours. Analysts had expected the price to touch at least the $0.50 zone after the Vasil upgrade. To their dismay, sellers quickly exited to protect their profits after briefly touching $0.48.
Price is expected to continue trading sideways as trading volume has descended for three consecutive days. Sellers are advised to look into The Hideaways (HDWY) as the fundamentals, tokenomics, security, and real passive income set it for the top 50 crypto market cap.
$597 million worth of ADA exchanged hands in the last 24 hours, down nearly 42% from the previous session.
Another crypto major, Polkadot (DOT), has shown weakness in the last 7 days. The token made a weekly decline of nearly 10%, sending its price to a critical support zone at $6.42.
Polkadot (DOT)'s RSI – a litmus test of buying and selling pressure – is under the direction of sellers. It settled at 39.03 during the session, near the oversold territory at 30.0.
Selling pressure is forecasted to continue, with the next level of support plotted at $6.23. Analysts do not expect DOT to receive some help from this zone. Bears will take the token further down to revisit a July low found at $5.97.
As with ADA, trading Polkadot (DOT) now is not your best option.
Cardano (ADA) and Polkadot (DOT)'s 7-day charts are in red. This hints at the possibility of an extended bearish streak – especially with the Fed increasing rates by 75bps and the currency market being incredibly volatile.
If you're in crypto and looking for an investment you can make which will protect you against macro-crashes and provide you with over 20%+ passive income, then look no further than The Hideaways (HDWY). Its token price jumped 300% less than a month after starting its presale.
The Hideaways allows you to buy (a fraction of a) property for as little as $100 – this means you can build a worldwide property portfolio from the comfort of your home.
They handle all the rental management, the market for events to be hosted at the properties, and secure off-the-market deals to ensure you earn the most passive income possible.
The Hideaways already engaged SolidProof, a smart contract security firm, and their contract is fully secure. This gives us, and investors, confidence that $HDWY could be the next big crypto.
But what's better is liquidity will be locked forever on launch. They have a two-year cliff for team tokens – that means the team doesn't get their tokens for over 2 years!
Our analysts have upgraded their price forecast to $0.75 by the end of 2023 – getting in now at $0.03 is a no-brainer.
You don't want to miss your chance.
Website: https://www.thehideaways.io
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.