Cardano (ADA) has faced another staggering decline in the past few days, even experiencing a loss of 13.00% in the 24-hour timeline.
But when ADA and other leading tokens plummeted, The Hideaways (HDWY) managed to withstand the adverse effect of the bearish market, making it the center of attention.
Cardano (ADA) Prints Two-Year Low
Cardano (ADA) has hit another plunge after imprinting the lowest lows in almost two years as traders run to the exit. Subsequently, ADA skidded 16.40% to $0.26 in the past seven days, issuing distress signals to the markets.
The red turn of the cryptocurrencies came as investors expect the US Federal Reserve to retain its aggressive monetary policy in 2023, despite the recent modest rate increase.
The downturn of major coins like Cardano (ADA) has led traders to look at alternatives with more potential in the short term. The Hideaways (HDWY) is the trending presale star who has navigated its way to the headlines, winning bullish analysts’ predictions for next year.
Meanwhile, investors are starting to grasp the harsh reality that a soft landing is not in the cards for Cardano. Otherwise, a snowball recession and price avalanche are in sight.
Where Is Cardano (ADA) Headed Next?
Recent efforts to push Cardano (ADA) have been unsuccessful as ADA approached the lower boundary support of a falling channel.
At press time, Cardano’s Moving Average Convergence Divergence (MACD) indicator cites a selling signal. Thus, the overhead pressure will likely intensify, predicting more losses for the token.
Moreover, ADA’s Relative Strength Index (RSI) has touched the oversold barrier. Analysts have cited that Cardano could continue the extreme bearish sentiment and slump into $0.20 next year.
On the other hand, The Hideaways (HDWY) is about to wrap its presale this month, offering massive rewards of up to 100% bonus on all investments.
The Hideaways (HDWY) On The Road To Surpass Cardano(ADA)
Anyone currently looking for a reward-giving cryptocurrency investment must go forward with The Hideaways (HDWY).
The upcoming cryptocurrency project is on its way to overtake Cardano (ADA), as analysts have highlighted the bright future ahead for HDWY.
The Hideaways offers investors a new-generation investment option for luxury real estate in the form of minting nonfungible tokens. Remarkably, HDWY is a game changer and could make everyone a fortune.
Moreover, The Hideaways (HDWY)’s presale is now in its final stage, selling at $0.10 per token. This affordable investment will also launch a prize draw, offering $100,000!
Never waste a second and hop in with The Hideaways (HDWY)!
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 sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
Source: https://cryptodaily.co.uk/2022/12/cardano-ada-strikes-red-alert-the-hideaways-hdwy-ready-for-2023-gains