The Ripple (XRP) and Cardano (ADA) price dropped following the recent FTX/Binancedrama. The broader crypto market tanked after Binance backed out from its supposed FTX acquisition as the latter suffered a liquidity crisis and looks to have mismanaged investor funds.
Investors looking for the best investment to make while uncertainty takes hold are advised to look into The Hideaways (HDWY) – a crypto project providing stability and sure ROI during challenging times.
Ripple (XRP) Price Takes a Hit After Binance/FTX Deal Collapses
Ripple (XRP) tumbled back to the $0.30 zone this week following Binance’s announcement to bail out of the FTX acquisition deal.
XRP is trading at $0.35 in the latest charts, down 3.47% during the day. While it did not take a decline as big as Solana’s 20% fall, this is enough to send investors to The Hideaways (HDWY) which provides a better trading environment than the rest of the crypto major.
Ripple (XRP) saw its trading volume shed 18% during the session – this shows overall interest in the project is leveling off for now.
With the Binance/FTX drama on the one hand and the SEC battle on the other, Ripple (XRP) bears will continue being in control until the rest of November. The best course is to cut losses while volatility goes on.
Cardano (ADA) is One of FTX’s Actively Traded Tokens
Cardano (ADA) could not take FTX’s latest demise, being one of the most-active tokens traded on the platform.
ADA is down 11% in the last 7 days as investors sought refuge in similarly stable projects, one of these being The Hideaways (HDWY).
At press time, the token has extended losses with another 3.33% decline to $0.34. The Cardano (ADA) community is quiet about the latest fall – analysts say we might be seeing the price falling back to the $0.20 zone this week which could further trigger a massive selloff on ADA.
On the upside, Cardano (ADA)’s trading volume has recovered in the 24-hour charts. It fell 2.90% to $1.5 billion, meaning volatility is in control for the time being.
Investors Enter The Hideaways (HDWY) for Safety
While Ripple (XRP) and Cardano (ADA) are declining, investors did not waste time to cut losses and turn to money-making projects like The Hideaways (HDWY).
Investors see stability in The Hideaways (HDWY) that they could not find elsewhere. Its real estate backing is proving to be a good vantage point as this keeps the token’s price held together while other cryptocurrencies are in the middle of a collapse.
The Hideaways (HDWY) gives investors many opportunities to make money. One is through capital appreciation, as The Hideaways (HDWY) NFTs could be sold on secondary markets at a price dictated by demand.
The project also gives investors a big share of its monthly rental yields, easily making it a steady source of passive income.
The Hideaways (HDWY) can give you stability amid the FTX/Binance drama for a selling price of only $0.072.
Read more about the project here:
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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Source: https://cryptodaily.co.uk/2022/11/ripple-xrp-and-cardano-ada-are-tanking-amid-the-ftxbinance-drama