VeChain (VET) just completed its Proof-of-Authority 2.0 upgrade to make the network more efficient and sustainable. However, the price did not react positively to the news, with short and long-term charts down in the red.
Taking this as a signal to sell, investors went over to The Hideaways (HDWY) – a presale token that's on the same price as VeChain (VET) but offers better stability and long-term potential than many crypto majors.
VeChain (VET)'s Proof-of-Authority upgrade, also known as PoA 2.0, reached completion after a year of development.
The new consensus mechanism will enhance overall security while making the network more sustainable than its current state. For the record, VeChain (VET) is already one of the most popular green cryptocurrencies with an overall emission comparable with mining one Bitcoin (BTC).
Moreover, PoA 2.0 upgrade will increase its real-world use cases to make it competitive with new cryptocurrencies like The Hideaways (HDWY) known for their utility.
VeChain (VET) targets a global mass adoption of its technology, especially for the supply chain management industry, and the PoA shift will help it achieve this goal faster.
Investors waited for a year for the PoA upgrade to reach finality. However, the FTX crash and the extended crypto winter will not let the bulls have their momentum.
In the latest charts, VeChain (VET) declined 7.60% to $0.017 – its lowest settlement for the week. The coin endured a volatile session which drive the price to big swings between $0.017 to $0.017.
The Relative Strength Index, an indication of market enthusiasm on VET, dropped to 39.88 – hinting at a strong selling pressure.
Distressed VeChain (VET) investors switched over to The Hideaways (HDWY) – a presale token that's selling at $0.10, roughly the same price as VeChain (VET).
The Hideaways (HDWY) offers better long-term potential than many crypto majors, thanks to its ties with the real estate industry which keeps the price supported regardless of economic headwinds.
The Hideaways (HDWY) is the first crypto-driven investment project to sell low-priced NFTs backed by rental properties. Investors are entitled to receive a monthly rental income after purchasing a fractionalized digital collectible that goes as low as $100.
Due to the market's continued patronage, The Hideaways (HDWY) is forecasted to hike 16,000% this year and become the best-performing presale token of 2022.
It is a passive income and high-potential token in one. Don't miss your chance.
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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