Investors of Proof-of-Stake ecosystems Avalanche (AVAX) and Solana (SOL) lead today’s market losers. The same weakness did not extend to the newly-minted PoS giant Ethereum which added 1.40% in the same session.
Worried about experiencing further declines, Avalanche (AVAX) and Solana (SOL) traders retreated to the new crypto craze, The Hideaways (HDWY). The project eyes tapping the trillion-dollar luxury real estate market through NFTs.
Avalanche (AVAX) Sheds 2.18%, RSI Show Signs of Weakness.
Among today’s PoS losers is Avalanche (AVAX). This smart contract platform that rivals other Proof-of-Stake players like Ethereum (ETH) and Solana (SOL) has declined 2.18% to $16.85 during the day.
The token’s trading volume fell to $350 million, representing a 20.79% decline from the previous session. Investors migrated their holdings to more stable and high-yielding assets like The Hideaways (HDWY).
Avalanche (AVAX) shed 11% in the last 7 days and 27% in a month. 52-week charts also show relative weakness, with the coin’s price declining close to 71% from its price a year ago.
RSI bottomed at 35.51, which shows traders who could no longer see the near-term potential of the coin exit the trade – an intelligent move anyone should make for now.
Solana (SOL) Struggles to Break Past $32
Solana (SOL) bulls struggle to break past the stiff resistance at $32.0. The coin recorded an intraday high of $32.88 before retracing its current price, $31.99, down 2.30% in the 24-hour charts.
Solana (SOL) rugged technical indicators are not helping relieve investors’ falling sentiment. RSI has tanked to 44.71 – nearer the oversold territory than overbought – and 50-day EMA closing above 20-day EMA.
The token’s trading volume showed further weakness after falling 15% to $859.20 million. Analysts say Solana (SOL) will remain under the weather for the remainder of the week as the market starts to factor in Ethereum’s entrance to the PoS scene.
The Merge is expected to enhance Ethereum’s efficiency overall, making it more appealing than direct competitors like Solana (SOL) and Avalanche (AVAX).
Moreover, the market’s exhaustion from overhyped tokens will bring greater attention to new crypto projects like The Hideaways (HDWY), which carries a resounding real-world utility.
The Hideaways Up 200% With Another Rise Predicted Within 3 Days
There are many reasons why we see putting money on The Hideaways (HDWY) as a better move compared to HODLing to Avalanche (AVAX) and Solana (SOL).
We’ve mentioned The Hideaways (HDWY) over the last 10 days because our analysts love:
- Fractionalized luxury property that you can buy a portion of for as low as $100
- Minimum 20% passive income from rental income and other income generated from high-ticket events at the properties
- SolidProof audit passed already, meaning that investors can have confidence their liquidity is safe
The Hideaways (HDWY) also acquires real estate off-the-market at better than market rates – this means more capital gains for your fraction and exposes you to huge benefits.
The Hideaways (HDWY) is currently selling at $0.03, up 200% since we first mentioned it, and our analysts predict another 800% return before the end of 2022.
Website: https://www.thehideaways.io
Presale: 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/avalanche-avax-and-solana-sol-dented-by-weak-sentiment-for-pos