The global crypto market’s value had just fallen to $807 billion – a sharp downgrade from the $3 trillion market capitalization just a year ago. VeChain (VET), one of the biggest cryptocurrencies by market cap, is oversold, and investors are more likely to end the year in the red.
Is it time to take a chance on the presale token The Hideaways (HDWY) – just in time for its upcoming $100,000 prize draw?
VeChain (VET) is Oversold
On today’s headlines, market favorite VeChain (VET) had just entered the oversold territory. Its Relative Strength Index bottom 29.83 – a result below 30.0 indicates strong selling pressure in an asset.
This is VET’s lowest buying sentiment since bottoming in mid-May when Terra Luna crashed and wiped $60 billion off the cryptocurrency market.
Due to the recent depreciation, VeChain (VET) holders are taking a chance on newer projects like The Hideaways (HDWY). The presale project sold 50% of its holdings in just a month after launch as investors demanded utility-based NFTs.
VeChain (VET) had just printed its most recent lower low, with the price trading with a 13.15% decline in the 7-day charts.
VET exchanges hands at $0.016 – officially coming below The Hideaways (HDWY) which it shared the same price threshold with just a month ago.
VeChain (VET) is forecasted to end the year at the $0.015 zone – its lowest settlement in 2022. The price is down 80.0% year-on-year despite closing high-profile partnerships with Samsung and Mercedes-Benz in December.
Its latest decline came at the same time as the announcement of its partnership with Mercedes-Benz and Hydro, a move that will use the VeChainThor blockchain to achieve carbon neutrality goals.
The Hideaways (HDWY) Gets Ahead of VeChain (VET)
VeChain (VET)’s latest drawback opens doors for The Hideaways (HDWY), a presale project every crypto investor talks about.
The Hideaways (HDWY) is the first to introduce decentralization in real estate investing. It underpins NFTs with real-world assets that yield a handsome monthly rental income every month.
Aside from the sure passive income monthly, this underpinning also ensures that your investment will remain unaffected, regardless of what is happening in the broader crypto market. This way, fate with the Terra Luna crash will never happen again.
The Hideaways (HDWY) currently sells at $0.10 – the cheapest you could ever score a high-potential token that is expected to give 9000% returns in 2023.
Don’t miss your chance while The Hideaways (HDWY) holds a $100,000 prize draw!
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