Leading cryptocurrency, Bitcoin (BTC) and Ethereum (ETH), has been suffering a major decline since November 2021, with all-time high (ATH) prices dropping from 72%.
Since BTC is the top-performing coin, its performance in the crypto market affects the sentiment surrounding other currencies. A decline in cryptocurrency prices does affect not only the users but also crypto stocks.
New crypto projects are not majorly affected by the performance of Bitcoin. Brand new platforms like The Hideaways (HDWY) enjoy praise from investors and crypto users.
Bitcoin Might Crash As Bears Start To Take Control Of Price Action
Since peaking at about $70,000 per bitcoin in November of last year, BTC price has fallen by 70%, crumbling in the face of the Federal Reserve’s “brutal” increase in interest rates.
Since the crypto winter, BTC has often been bonding with bears, affecting the sentiments around other coins. Inflation is also an additional headache for BTC investors, an additional factor to bearish tendencies.
Bitcoin is trading at $19,389 and is up by 0.55 % in the last 24 hours. The coin is down 2.73% from its 7-day ATH of $19,938.47.
Ethereum Price Predictions Surprisingly Bearish After The Merge
Ethereum is going through a series of updates, and one of them is The Merge, which is set to make the platform a more powerful decentralized application.
Last week, the price of ETH plummeted by 32% to $1,190. Currently, the coin is trading at $1,309 with a trading volume of $6.83 billion.
Many expected ETH prices to surge after the merge, but the coin’s prices continue to exhibit bearish potential. The situation has led crypto users to question the validity of the ETH merge.
Expert’s Favorite The Hideaways Will Make Top 20 Crypto Market Cap
The Hideaways ($HDWY) is a brand-new coin early in its presale that is guaranteed to sell out in the next 2 weeks.
Analysts confirm that this market valuation is anticipated to reach $900 million in 2023 as the project develops. This is a unique chance that ordinary cryptocurrency investors only encounter once in a while.
With the Hideaways, every NFT minted will be backed up by a luxury property. The fractions of each NFT are then divided, and you can purchase them for as low as $100.
You then get 20% APY per year on each NFT you hold. This is real revenue generated from rental income and wedding events held at the luxury property.
The platform is already audited by SolidProof, a top code audit firm. They are also locking team tokens for 2 years – an incredible move completely different from other presales.
Investors can also become a member of Club Hideaway and benefit from generous discounts.
For More Information About The Hideaways Next Presale, Visit:
Website: https://www.thehideaways.io/
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto