Bitcoin (BTC) and Ripple (XRP) have resumed their declines due to the devastating implosion of the FTX. The fallout of the exchange is the latest in a string of cryptocurrency firms going under, triggering massive crypto sell-off. Meanwhile, The Hideaways (HDWY) have demonstrated sanctuary for beaten Bitcoin and Ripple holders.
Bitcoin (BTC) Sinks On FTX-Induced Market Volatility
Bitcoin (BTC) has continued its mudslide decline this week after FTX filed for bankruptcy. The once-infamous exchange is now seeking court protection as it seeks a way to return money to users.
In the past seven days, BTC has slashed 16.20% to $16,921.15, a far-fetched level from the $20K mark.
Market participants are still keeping an eye on the further impact of the fallout of the three-year-old FTX. Experts are also uncertain about the extent of the damage that will spread to the rest of the crypto space.
In line with this, 2023 price predictions for Bitcoin are now narrowed at a price of $28,000, significantly distant from its peak of $69,044.
Analysts now flag The Hideaways (HDWY) as the saving grace from the FTX-induced market volatility. HDWY marks a momentous year ahead, assuring tremendous gains in 2023.
Ripple (XRP) Foresees Dark Days Ahead
Ripple (XRP) has followed the bearish movement of Bitcoin in the wake of the FTX insolvency crisis. At press time, XRP has slumped 17.10% to $0.377145 in the 7-day timeline.
Accordingly, FTX has announced that Sam Bankman-Fried has stepped down as chief executive, closing a week of turmoil for the company.
Another dragging factor for Ripple (XRP), the outcome of the SEC vs. LBRY case casts doubt on XRP’s ability to reach a positive conclusion in its own case.
Unlike The Hideaways (HDWY), the unfolding FTX drama could further drag down Ripple (XRP) price until 2023, with a price estimate of $0.69.
The Hideaways (HDWY) Announces Price Rise
The Hideaways (HDWY) brings a unique proposition to the whole cryptocurrency space, a successful investment thesis that offers huge real world utility that could lead to a truly global acceptance of cryptocurrency.
Due to the popularity of The Hideaways presale, it is one of the most popular cryptocurrency projects this year. Its strong growth potential makes it the best crypto you should add to your portfolio.
The Hideaways (HDWY) brings forward a revolutionary platform to mint fractionalized NFTs backed with high-tier real-estate properties. This new crypto hotshot is on track to be a blue-chip token like Bitcoin (BTC) and Ripple (XRP).
By 2023, analysts projected that The Hideaways (HDWY) will increase in market value by 15,000%, providing early investors with the most significant returns possible. In addition, HDWY has already secured an audit from the security firm SolidProof.
Invest in The Hideaways (HDWY) right away while it is still only offered at $0.072 per token, but this is rising to $0.08 on Sunday. Buy now and you’ll receive a 30% bonus on your purchase!
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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