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Even popular cryptocurrencies like Ripple (XRP) and Ethereum (ETH) face trouble with price fluctuations.
The crypto market has been under the bear trench for several months, indicating a developing downtrend.
Recently, both coins have been head-to-head with the bears in the market; sometimes, they win, and occasionally, they lose.
Let's see what's in store for XRP and ETH in the coming weeks, and an introduction to a newcomer The Hideaways.
Since Ripple has lost more than 0.92% of its market value in the past day, the price of XRP is presently bidding at $0.45. The expected bearish cross has been formed by the 8-day EMA and 21-day SMA, which are just above the digital remittance tokens.
The Volume Profile Indicator debunks the bearish notion because a sizable increase in transactions occurred during the most recent decrease of 0.92%. Despite this, XRP is still continuously suffering from a price decline, which isn't favorable for investors.
The starting bid for Ethereum is $1,335.70. As of this writing, it appears that the Volume Profile indicator on intra-hour time frames is marginally in favor of the bulls.
One of the key forces supporting a bullish ETH will continue to be Ethereum's switch from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) consensus system.
In the next weeks, more products and initiatives will be anticipated to join the Ethereum chain due to its faster and more affordable rate. As a result, the Ethereum chain is about to experience a lot of changes that will cause the price of the coin to surge over the next several days.
The Hideaways (HDWY) has carefully considered the distribution of its tokens to manage risks and ensure liquid assets maintain price movements.
HDWY smart contracts are already audited by the renowned security firm SolidProof.
There are two things about HDWY that stand out. One is its NFTs, supported by million-dollar estates and the platform's luxury benefits to Club Hideaway members.
If you possess an HDWY token, you are entitled to a minimum of 20% of the rental income and an additional payment from events held on your property!
After learning that the project provides Club Hideaways members with exclusive privileges, investors rush to acquire HDWY tokens. Since liquidity and tokens are locked for two years, the project is a strong competitor.
The two-year lock on liquidity and HDWY tokens indicates a bullish potential. You can purchase luxury international residences secured by NFTs for as low as $100!
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.
