Analysts warn investors to be wary of virtual real estate cryptocurrencies like Decentraland (MANA) and Sandbox (SAND), both predicted to decline another 60% at the end of this year.
Unlike SAND and MANA, The Hideaways (HDWY) is a real estate NFT platform that offers investors the chance to build a worldwide real estate portfolio without the limits of a traditional real estate investment.
SAND's price swings at the beginning of 2022 led crypto experts to anticipate the average SAND rate to be $0.85991 this October. Investors can expect SAND's price to hover around $0.77992 to $0.87991.
Currently, SAND has an RSI reading of 55.08, which indicates that it's not in line for becoming overbought and is not primed for a trend reversal.
Although SAND is sitting over two support levels at 0.814 and 0.780, respectively, there is still no guarantee whether the market can rebound or not.
Meanwhile, analysts encourage investors to try their luck with The Hideways (HDWY), which is set to have a 7,000% to 9,000% increase by the end of this year.
Decentraland (MANA) is one of the key players in the Play-to-Earn frenzy in 2021. However, top crypto analysts are not so positive about the future of this cryptocurrency.
Decentraland has bounced off its resistance lines and deviated from the bullish market. Technical analysts predict that MANA's support level will decline to 0.672.
Crypto analysts predict that the average MANA rate will be $0.72993 in October 2022. Investors can expect that MANA will cost around $0.65993 and $0.74993, approximately.
Unlike SAND and MANA, the Hideaways (HDWY) has been experiencing massive gains recently, with prices increasing to $0.045 from the presale price of $0.01.
With HDWY, investors are assured of a safer transaction since the platform's smart contract is audited by SolidProof.
Moreover, HDWY has locked its liquidity forever, which is super bullish, and team tokens are locked for 2 years.
If you want to earn more profit in the digital real estate venture, you'd want to invest in The Hideaways. HDWY holders will get a minimum of 20% yields from rental income and events held at their properties, such as weddings, streamed to you in $ETH, $USDC, or $USDT.
With The Hideaways, you can own luxury real estate anywhere in the world!
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.