Cryptocurrency

Dogecoin (DOGE) Hype Loses Steam On FTX Mess, Can The Hideaways (HDWY) Take Over?

Market Trends

FTX's crisis has pushed Dogecoin (DOGE) to various low points in the previous weeks, resulting in a slump of 33.50% in the past 14-days.

Moreover, a raft of revelations within the cryptocurrency industry came in as companies stepped forward to declare the extent of their FTX exposure, dulling the DOGE predictions and making The Hideaways (HDWY) shine.

Dogecoin (DOGE)'s Lack of Utility Slashes Bulls

Cryptocurrency investors issue caution to Dogecoin (DOGE) as the meme coin went through an agonizing pain after FTX's bankruptcy. DOGE is currently trading at $0.082671, translating to a plunge of 88.70% from its peak recorded a year earlier.

The hype brought by Elon Musk's Twitter Buyout has faded as analysts have stamped out faith in the poor decision-making displayed by the billionaire.

Correspondingly, Dogecoin (DOGE) 's financial future remains uncertain, especially amid its lack of real-world utility.

Experts cited that there are better blockchain solutions than Dogecoin for Twitter. Functionally has always been an issue with Dogecoin as it translates to weakness in the market's external factors.

Differently, The Hideaways (HDWY) have shown impressive resilience from the recent bloodbath thanks to its stable utility that has ignited a new generation investment.

Dogecoin (DOGE) On Track For A Bleak 2023

Musk's affinity for Dogecoin (DOGE) may not be enough to provide support for the upcoming year as the meme token trails extreme market volatility.

Consequently, leading analysts expected a 2023 downturn to $0.02 for Dogecoin as tokens with limited operational use continue to be wiped out with each passing day.

The crypto market is expected to head into a future driven by a high degree of economic turbulence, and The Hideaways (HDWY) offers the safest refuge with huge potential yields.

The Hideaways (HDWY) Cites Exponential Growth, Overtaking Dogecoin (DOGE)

Dogecoin (DOGE) investors can expect things to get worse before they get better. Meanwhile, The Hideaways (HDWY) is doing well in the market, strengthened by the projections to be one of the best investments in 2023.

No other cryptocurrency like The Hideaways is promising to offer a massive growth of up to 40x ROI in just a year. The functionality of the brand-new project will be the key to the bullish gain of the platform.

The Hideaways (HDWY) is the pioneer venture to link high-tier properties on minting fractionalized NFTs, delivering the best passive income while holding crypto yields.

The Hideaways is increasingly getting a lot of attention, even from the big players like Dogecoin, thanks to its high potential and price security.

With a presale price of $0.10, The Hideaways (HDWY) makes an affordable and excellent avenue to grow your money.

Website: https://www.thehideaways.io

Pre-Sale: https://ticket.thehideaways.io/register

Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp

                                                                                                       _____________                                             

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.

4 Best Cryptos to Buy in November 2024 – Reasons Why Experts Predict 100X Growth Potential

PropiChain’s Token Presale Expected to Rise 800x After Launch on CoinMarketCap, Best Time to Join Today

Essential 4 iOS Crypto Wallets in 2024: Earn, Trade, and Safeguard Your Digital Wealth

200K+ Users Turn Phones into Crypto Mines with BlockDAG’s X1 App! Plus, Aptos and Ethereum Spot ETF Updates

WallitIQ’s (WLTQ) First Crypto Presale Stage At $0.0171 Is The Best Shot You’ll Get For A 350x This Bull Cycle