Kusama (KSM) was introduced as a daring example of a layer-0 network and a canary chain to Polkadot (DOT). In the cryptocurrency winter of 2022, the Kusama token (KSM) shocked holders when its price started spirally downward. A stark contrast to Kusama’s 2021 token price growth.
But bear markets are where new cryptocurrency heroes are born. The Hideaways (HDWY), is a brand-new token currently in presale with its price expected to increase by 500% in the next week alone.
Why Kusama (KSM) Holders Dismayed As Price Predictions Hit Lowest Levels
Kusama (KSM) is used to test features before they are rolled out to the more secure Polkadot (DOT) network. Projects can debut on Kusama (KSM) through parachains by raising KSM and depositing it in a staking contract. Holders therefore expected the KSM token price to sustain, but it’s done the opposite, and the price has collapsed.
Unlike other cryptocurrencies such as Polygon (MATIC) and Algorand (ALGO), Gavin Wood, the founder of Kusama, has no big partnerships or business developments planned.
This is why Kusama’s native token KSM, with a market capitalization of only $404,903,006, Kusama (KSM) is still a low-ranked cryptocurrency trading at $47.80 per KSM. For the price to increase and experience a breakout, the coin has to draw in some buyers, which is hard in a market full of exciting new projects.
The Hideaways (HDWY) is a revolutionary cryptocurrency looking to disrupt the behemoth property industry. It does this by offering real-estate-backed fractionalized NFTs, incredibly exciting Club Hideaway benefits, and the ability to build an international rental portfolio.
The Hideaway (HDWY) Gaining Attention By Big Holders of Kusama (KSM)
Since The Hideaways (HDWY) launched its first presale phase, cryptocurrency investors snapped up over 20m HDWY tokens in just 36 hours! Demand is set to see the price increase shortly, meaning investing now could see you secure gains of 500% in the next week.
The Hideaways (HDWY) breaks down barriers to traditional real estate investment by allowing you to buy small portions of NFTs that are linked to luxury properties. Investors are able to build a portfolio of million dollar properties situated all over the world in just minutes and can then sit back and earn passive income on their portfolio!
This is a ground-breaking strategy that reduces transaction costs such as legal fees, broker fees and financial fees by over 99% while also cutting transaction times from months to milliseconds.
Additionally, investors guide the investment strategy of The Hideaway’s (HDWY) project through a democratic voting process.
Our analysts believe this is the chance for Kusama (KSM) holders and other cryptocurrency holders to keep gaining popularity. Compared to other cryptocurrencies, it’s easy to see why they can see The Hideaways (HDWY) increasing in price by over 110x by November 2023 – is this the most exciting cryptocurrency in 2022?
Learn More About The Hideaways (HDWY)
Website: www.thehideaways.io
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto