Technology updates on blockchain networks show commitment to making ecosystems more efficient for users. On the other hand, not all updates are good – some bring controversy and questions, like Algorand (ALGO) and Litecoin (LTC)’s latest moves.
With the newly-raised uncertainty, the market is fleeing towards The Hideaways (HDWY) – a new cryptocurrency presenting one of the best road maps for potential 2023 gains.
Algorand (ALGO) Welcomes New CFO
Algorand (ALGO) announced the appointment of Harpal Singh, former Chief Financial Officer of Algebris Investments, as its new CFO.
Singh’s expertise in financial matters is expected to bring efficiency to the implementation of the network’s business strategies going forward.
However, the market is not happy about the update, with Algorand (ALGO)’s price falling 4.39% to $0.30 after the update.
An appointment of an executive with new programs and style means there will likely be changes in the entity’s business structure. This is why a company’s internal shakeup normally raises uncertainty about its future performance.
Although Algorand (ALGO) is a stable crypto project tried and tested over time, investors could not help but hit the sell button and seek safety on a real estate-backed crypto The Hideaways (HDWY).
With the ongoing weakness in the broader market, traders could not lose time on declining trades any longer, especially now they have better options to consider.
Litecoin (LTC) Raises Privacy Concern
Litecoin (LTC) has introduced a new privacy update which immediately raised eyebrows among spectators. Under its MWEB feature, users will be given the freedom to make their transactions confidential if they see it appropriate.
Blockchain technology has been battling against criticisms of theft, money laundering, and illegal cash transfer activities over the years. Such technology will add to the ever-growing doubt against decentralization, analysts noted.
Litecoin (LTC) declined a solid 5% to the $49 zone after investors flipped over to the presale token The Hideaways (HDWY) which offers a more transparent and secure ecosystem.
The Hideaways (HDWY) Low Market Cap Could Make You Rich
Investors left Algorand (ALGO) and Litecoin (LTC) for a more secure, democratic, and transparent network, The Hideaways (HDWY).
The new cryptocurrency is in the property acquisition business and plans to back NFTs with high-yielding real-world assets.
With a current market cap of only $45m, many analysts have projected that this could give early investors the same gains that early Bitcoin and Ethereum investors achieved when both Bitcoin and Ethereum skyrocketed.
The community will vote upon which assets will be acquired, giving its token owners a real influence on its decision-making process – a mark of a project’s democratization.
Moreover, founder tokens will be locked for 2 years to assure investors about their commitment to their business goals. This is in addition to the team locking project liquidity permanently meaning there is no chance the project can be rug pulled.
The Hideaways (HDWY) team will reveal themselves at the Global Hideaways (HDWY) Event next year – do not miss your chance to score a truly transparent crypto project.
To learn more about the project:
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/2022/10/latest-algorand-algo-and-litecoin-ltc-updates-raise-uncertainty