It’s been a tough few weeks for the crypto markets. Bitcoin has taken a beating, altcoins have bled out, and even meme coins like Safemoon have seen their price drop significantly. However, one token has bucked the trend and increased in value during this period – The Hideaways (HDWY) token.
So, what’s going on? Let’s take a look.
Why Is The Safemoon Price Down?
There are a few reasons for Safemoon’s price drop. The crypto markets have declined over the past few weeks. Many of those who bought into Safemoon at its peak are now selling to cash out their profits. There is understandable growing scepticism about meme coins and their long-term prospects.
In contrast, The Hideaway token looks set to see a price rise shortly, meaning investing now will mean immediate 100% gains for investors. With the price expected to rise to close to $1 by the time it hits exchanges, this is just the start of the journey for investors.
What Is The Hideaways?
The Hideaways is a fractional ownership platform for luxury properties using NFTs (non-fungible tokens). Imagine owning a piece of a luxury villa in Bali or a penthouse in New York – without having to have a huge deposit or pay real-estate broker fees and legal fees and taxes. The Hideaways makes this possible by tokenizing properties and selling them in fractions via NFT ownership.
It allows anyone to invest in luxury property without buying the entire asset. The token has value accrual, meaning it will increase in price over time. Properties are rented out generating yield for NFT holders and investors also receive staking rewards, membership discounts and exclusive perks. All this on top of the gains in the HDWY token itself. No wonder their pre-sale is so popular!
Investors Confident In The Hideaways Idea
The Hideaways token is worth considering if you’re looking for a safe investment during these volatile times. With growth projects indicating a 10,000% price increase to $1 in 2023, it looks set to outperform most other crypto projects, including Safemoon! The pre-sale is still in early phases meaning that investing now will maximise your gains.
Analysts Give Safemoon Price Prediction
Analysts are giving Safemoon an ominous price prediction, leading investors to turn to projects such as The Hideaways instead. Why is Safemoon’s price prediction dire? Dave Portnoy, the owner of Bar Stool sports, is in the press for having ‘pumped and dumped’ but claims he’s up 92%. The team barely do anything and meme coins, in general, have no utility.
Safemoon’s drop in price is just the latest example of how volatile and unpredictable meme coins can be. In contrast, The Hideaways token is disruption a $230 trillion industry and currently has a small market cap – it’s the perfect choice for investors looking to make massive returns. Want to know more?
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.