Tezos (XTZ) Blockchain, built for interaction with dApps, pay fees and provide other basic web3 services and Tron Network (TRX) which was designed for building infrastructure for a decentralized internet are both listed as top coins on the global coin ranking.
They have been successful projects over time, mostly at launch but the current bear market writes a differential story for these two projects and a new presale star seems to be on the path to overtaking them.
Tezos (XTZ) Today: Price Analysis
Tezos (XTZ) is currently trading at $1.712 after rising from a weekly low of $1.400. It is currently above the 100MA on the 24-hr time frame and is slowly approaching key resistance at $2.052, a strong position for the bears to take over again.
From past charts and analysis, this zone is very important as the price has been seen to bounce back to a pullback for weeks now and with the current momentum of XTZ, it will likely be another bear market coming up. Although a break will cause a rally to the 200MA but if the bears manage to take over the market on this resistance zone, we’ll be expecting another major pullback coupled with Bitcoin’s (BTC) price uncertainty.
In the last 52 weeks, XTZ has had a drop in market capitalisation, approximately -76.15%. The hype is down and investors are moving to a new project, data shows a massive move from Tezos to The Hideaways (HDWY) presale and this presale seems to be winning a majority of the crypto market.
Tron (TRX) Analysis
Tron (TRX) is currently trading at $0.06405 and is down -6% today, a report from coinmarketcap shows. It sits slightly above the 200MA on a 24 hours timeframe but has entered a pullback which is likely to break the 200MA support and cause another bearish trend for the Tron Network.
The last 12 months have seen a dip from a $9.57 billion market cap to $5 billion, totalling a -46.56% drop in the number of investors in the project caused by an unstable team and lack of adequate fundamentals to keep the project alive.
Tron (TRX) is less considered for investment and more data shows that 30% of Tron investors are abandoning the Tron Network to invest more in The Hideaways (HDWY) ongoing Presale. But what makes The Hideaways (HDWY) unique enough to win investors from these popular projects?
About The Hideaways
The Hideaways (HDWY), ties the knot between web3 technology and web2 real estate investment and simplifies investments to give crypto investors the opportunity to make huge passive income through traditional real estate yields, staking rewards, NFT trading and HDWY token gains – predicted to top 9,000% from current levels.
Investors are swarming The Hideaways right now and their Stage 1 presale sold out in record time. Stage 2 is under way and the token price will increase at midnight on Friday. Investing now will secure an immediate 100% gain, with further gains of over 4,000% expected before the end of presale alone. This is truly a sensational investment for 2022.
To join The Hideaways (HDWY)presale, visit https://ticket.thehideaways.io/register
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.
