So far, November hasn’t been a kind month for cryptocurrencies. The FTX platform’s collapse affected many cryptocurrencies, including Bitcoin (BTC) and Avalanche (AVAX).
Bitcoin does not have the word “failure” in its vocabulary, but it might not be the same for Avalanche. Despite price volatility, BTC and AVAX continue to recuperate after FTX attacks.
The one coin that wasn’t affected was The Hideaways – in presale stage, it’s token will be backed by real world properties.
Bitcoin Avoids FTX Plague
Bitcoin (BTC), the most valuable cryptocurrency by market cap, has only dropped 2.6% in the past day and is currently trading at $16,129. Despite the FTX plague surrounding the crypto market, experts claim the BTC price won’t ever drop below $16,000.
BTC has a market dominance of 38.72%, an increase of approximately 0.37%.
After reaching a daily high of $16,755.66, the BTC price has retraced to around $16,011.41. Meanwhile, the daily trading volume for the golden crypto has increased by 84.97% to $29,028,577,404.
Rest assured, you won’t be in any trouble if you decide to trade BTC this month.
Can Bulls Fend Off Avalanche Bears?
Avalanche (AVAX) prices continue to spiral downward in the wake of FTX’s decline. The bulls could not withstand the bearish tension, and AVAX’s price fell to $12.08, falling 5%.
The bearish momentum surrounding the coin failed to deplete, affecting the overall price negatively.
Analysts see a strong possibility that the AVAX price will fall below the $11.76 support level, indicating a further price drop shortly. But even so, there is a little resistance at the $13.05 level, which might limit any other price fallout.
Based on the Avalanche price analysis, the bulls failed to fend the bears off. AVAX buyers’ chances of recovery are slim since the price has dropped dangerously close to the support level of $11.76.
Bears Will Hide Away From The Hideaways
There’s no better way to achieve the luxury property of your dream than investing in real-estate NFTs. The Hideaways (HDWY) offers you that and more! You can generate rental income and triple your ROI by investing in HDWY tokens.
But wait, there’s more! With HDWY, you can:
- Buy and sell fractionalized NFTs with real-world use.
- Get 90% passive income without working on-site.
- Enjoy luxury benefits as a Club Hideaway member.
If you join The Hideaways presale, you’ll have the privilege to choose from the first five properties on the platform! So, hurry and buy HDWY tokens at an incredibly cheap price before it increases in the next presale.
Don’t fret about security! SolidProof, the best security, and auditing firm, vouch for The Hideaways. The smart contracts, combined with the token liquidity’s permanent locking, make The Hideaways the most secure investment.
Now is not the time to think twice! Check out the links below and get your HDWY tokens!
Website: https://www.thehideaways.io/
Presale: 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.