Due to competition during the “crypto winter,” major cryptocurrencies and NFT efforts are now having trouble establishing their value.
For instance, the status quo is being challenged by the amazing new cryptocurrency and NFT initiative The Hideaways (HDWY). The project offers a wide range of utilities to compete with more established currencies like Dogecoin (Doge) and Cosmos (ATOM) while just being in the initial round of its presale. Before the end of the year, market analysts forecast that The Hideaways (HDWY) price will climb by 4,000%; let’s look at why.
Cosmos (ATOM) Is Trying To Improve Its Technology
The Cosmos blockchain enables projects to be scalable and grants them the ability to connect – the project aims to achieve this by creating a network of blockchains called the “Internet of Blockchains.” This would allow various web3 platforms to communicate with one another in a decentralized manner.
This ecosystem is useful because of its ability to link various services and apps, resulting in a free exchange of data. Cosmos currently manages digital assets worth more than $59 billion.
The Cosmos ecosystem’s currency – the ATOM coin – has a market cap of $3.3 billion.
In the past seven days, there has been a 5.26% drop in the price of Cosmos. With a current price of $11.63, the currency stands at 74% less than its all-time high of $44.70.
Dogecoin (DOGE) Price Fluctuates
One of the earliest meme currencies to exist was Dogecoin. A meme inspired the name “Dogecoin” and its design to create a fun atmosphere in contrast to the regular crypto sector. Dogecoin and the well-known Bitcoin are comparable, and through 2021–2022, Dogecoin’s value increased by an extraordinary amount.
With 10,000 new tokens being created every minute, Dogecoin hopes to produce plenty despite recent drops in value. Even though Dogecoin’s value is far lower than it was at its peak, it is still seen as a good investment since it is accepted by many businesses globally almost as readily as Bitcoin.
The Hideaways (HDWY) Set to Surge Over 4,000%
The Hideaways (HDWY) is an impressive new innovation in cryptocurrency due to its crowdfunding approach. This gives investors the ability to invest early in a project and experience the same huge gains that early DOGE investors received.
The benefit of The Hideaways (HDWY) is that investors will be able to use crypto to buy NFTs that are linked to physical properties. The Hideaways (HDWY) speeds up the investment process whilst reducing costs, meaning that investors can own a global portfolio of properties that can be traded in a seconds. These properties earn passive rental income which is combined with staking rewards to produce yields of more than 90% per year.
The Hideaways is boldly proving itself as a long-term hold for its investors.
The Hideaways is at just $60 million market cap and pricing predictions state that the project will experience an increase in price to $23bn when it captures just 0.1% of its target market.
This will undoubtedly help The Hideaways (HDWy overtake Cosmos (ATOM) and Dogecoin (DOGE) in 2023.
The HDWY price is increasing soon, so make sure you don’t miss out. This is set to be a winning 2023 investment and we think it will be the best investment you’ll make. It’s set to be a millionaire maker that needs to be part of your portfolio!
Website: https://www.thehideaways.io
Presale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto