Avalanche (AVAX) and Ripple (XRP) made reasonable gains last week. AVAX price updated a double-digit hike in 7 days after monthly transactions in the network hit 46 million in August.
Moreover, XRP is riding the crypto market’s recent bull run with other crypto majors like Bitcoin and Ethereum.
Analyst predictions indicate that the price of both AVAX and XRP could reverse in the next week as both post bearish indicators. This may explain why investors are heading to the presale at The Hideaways – a crypto-backed real estate project exciting investors thanks to its huge monthly passive income potential.
Avalanche (AVAX) Up 11% in the Last 7 Days But Short-term Signals Bearish
As of the latest charts, Avalanche (AVAX) is trading with a seven-day gain of 11% to $20.46. The coin holders are happy about the network’s August performance showing that Avalanche processed 46 million transactions in the last 30 days.
However, investors are finding it hard to push prices above the $20 mark. The market remains focused on updates regarding the Ethereum Merge which is Avalanche’s biggest rival.
Despite making it clear that Ethereum’s transition to Proof of Stake will barely make changes to its throughput and gas fee, analysts see this move as a threat to the Avalanche (AVAX) network. The Merge is expected to improve the Ethereum blockchain’s efficiency and this will make it more attractive compared to Avalanche.
AVAX signals remain in the hands of the bears, with a 50-day EMA above 20-day. The coin’s price is expected to fall back to its September low at $18.6 as sellers take over.
Ripple (XRP) Price Faces a Hard Time Breaking $0.35
Ripple (XRP) has successfully broken the resistance line found at $0.33. Now, investors have a new dilemma – the $0.35 level looks to be a harder ceiling to crack.
XRP is last seen trading at $0.35, down 0.10% for the day. Short-term signals remain bearish, with RSI in the overbought territory at 56.45. The coin briefly touched $0.36 during the day but did not go further after investors took profit from this level.
There are no recent updates on Ripple’s legal battle with the SEC and this means we don’t expect big movements in the coming days. Investors see this as a good signal to buy into better-yielding coins like The Hideaways (HDWY), where the presale is pumping.
The Hideaways (HDWY): Monthly Passive Income and Market Beating VIP tiers
We don’t expect to see positive movements from Avalanche (AVAX) and Ripple (XRP) and this is exactly why it’s time you take The Hideaways (HDWY) seriously.
The Hideaways (HDWY) is a luxury real estate investment platform currently in the first stage of its presale.
The project is delivering huge monthly passive income to HDWY holders through monthly rental yield and staking rewards. All HDWY holders will also be in with a chance to win a limited edition NFT through monthly prize drops
Our favorite piece of the project? The VIP tier rewards. Gold, Platinum and Diamond tiers are available to investors who commit $10k, $20k and $50k to the project during presale and offer reward such as an annual complimentary 5* holiday, an annual private jet flight, off-market property deals and much more.
Following an outstanding report from their Solidproof audit, the price is forecast to double from its current $0.01 level this week and deliver 100% gains for investors. Our prediction? You’d be foolish not to invest in a project that is standing out as a 2022 winner.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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