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After the rain came sunshine for Ripple (XRP) and Algorand (ALGO), both tokens are among this week's top performers after hiking 63% and 33%, respectively, in the last 7 days.
Ripple investors cheer over the impending conclusion of the XRP's legal battle with the US SEC, while Algorand's appointment of a new executive is enough to push prices up.
Another outperformer for the week is The Hideaways (HDWY). The presale superstar doubled its token's offer price as it became oversubscribed.
Ripple (XRP) is undoubtedly mute since the start of the year. The token did not make any remarkable moves aside from occasional price hikes that only retraced to base not long after.
Investors are finally getting the swing highs they have never seen in long. In the last 7 days, XRP managed to make a 63.28% increase in price.
The latest bullish relief bounce happened during the previous 72 hours, with XRP price going up 30.36% to $0.53 and dropped below the $0.052 support back to $0.48.
Buyers successfully pushed the price to $0.50 – a historic breakout zone. It is interesting to see how charts will play in the coming days. If the positive momentum continues and buyers successfully break $0.55, XRP can rally to $0.65 – a level is never seen since May.
On the downside, Ripple (XRP) is in the overbought zone, now at 78.16. This is a clear danger for traders wanting to enter the trade at current prices.
Another token we haven't seen making significant strides since January is Algorand (ALGO). Recently, an update about the appointment of its new Chief Marketing Officer is enough to make prices move.
Algorand (ALGO) jumped 13.93% to $0.39 in the daily charts, up 33% in the last 7 days. The 30-day chart also showed a positive outlook with a 31% increase.
The network announced the appointment of Michele Quintaglie, who is backed with an impressive work experience with top global financial firms such as Visa and Fidelity.
At current levels, the downside of investing in Ripple (XRP) and Algorand (ALGO) is that there market caps are still incredibly high compared to The Hideaways.
The Hideaways (HDWY) is an exciting token for those looking for a steady investment that provides amazing passive income sources.
Own a fraction of a property for $100, where each is represented by an asset-backed NFT and allows you to trade each fraction when you want.
You get passive income from The Hideaways handling all the rental yield, events management, and more – plus, you miss out on all the legal and financial fees.
This ground-breaking idea plans to tokenize a $230trillion property market, and we think this could go on to do 5,000% before the end of 2023.
$HDWY is already audited successfully by SolidProof, ensuring investors' funds are safe and secure. They also will be locking their liquidity forever and have a 2-year cliff for the team tokens – great tokenomics for a presale.
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.
