What’s happening in crypto? Yesterday saw the Polygon and Shiba Inu price spike along with the wider crypto market. Polygon (MATIC) and Shiba Inu (SHIB) have not had a great 2021 despite this but the Polygon and Shiba Inu price gave investors good gains yesterday.
Both projects lose out to The Hideaways (HDWY). It is the first cryptocurrency project to introduce decentralization to the property market through NFTs.. HDWY is projected to hit a 9,000% hike in 2023 after listing in major decentralized exchanges.
Polygon (MATIC)’s NFTs Sales Stalls to its Lowest in More than a Year
Investors are practicing due caution against underperforming cryptocurrencies – among them is Polygon (MATIC).
Polygon (MATIC)’s NFT sales stall at a time when Cardano (ADA)’s digital collectibles are hitting a record high. Moreover, the new NFT project The Hideaways (HDWY) sold over 60% of its presale tokens over the same period, hinting there is growing market interest in non-fungible tokens.
However, Polygon (MATIC) seems to be having it tougher than the rest. One of its most popular collections, Aavegotchi, lost 46% of its market value. Moreover, sales for the collection declined 32% over the same period.
The monthly active traders for Polygon (MATIC) NFTs on OpenSea bottomed to below 1,000 – its lowest level since July 2021.
Shiba Inu (SHIB)’s Unstable Burn Rate Poses Risk to Price
The Shiba Inu (SHIB) community monitors two important on-chain activities: whale movements and burn rate.
In the last week of September, Shiba Inu (SHIB)’s burn rate declined to its lowest level in 30 days. Meanwhile, it managed to stage a sharp comeback – surging 1,500% in the 24-hour charts where 45 million SHIB tokens had been dumped to dead wallets.
Analysts noted that this inconsistent burn rate poses risk to the price moving forward. This comes as investors would likely dismiss linking their buying and selling signals with how many tokens are eliminated over a period as it changes very fast.
Due to the volatility in Shiba Inu (SHIB)’s burning activities, investors are taking refuge in more stable projects like The Hideaways (HDWY) which possess a more stable growth pathway for clever investors.
The Hideaways (HDWY) Gets a 9,000% Price Projection from Wall Street Analyst
The Hideaways (HDWY) is getting attention lately due to its ability to connect crypto investors to luxury property investment. For the first time, a cryptocurrency project will revolutionize the way regular investors acquire properties through a decentralized platform.
The Hideaways (HDWY) will use a global team of property experts to hand pick properties for their ability to produce yield above 20%. These properties will be linked to an NFT and each NFT will be offered for sale to HDWY investors.
The HDWY project is the first of its kind in the crypto industry and has the first mover advantage – similar to Tesla and electric cars! We think this project will explode in 2023 and it’s incredible that investors are able to take part in the presale at just $0.06.
Due to its novel offering, The Hideaways (HDWY) can hit a 9,000% gain in 2023. You’re up for exponential gains if you invest while The Hideaways (HDWY) sells at $0.06. The price will rise soon, so invest now!
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