High-profile crypto deals have a big impact on investor sentiment. In many cases, news updates on new partnerships alone drive prices up even when technical indicators show bearish consolidation.
Solana (SOL) is nearing a merger deal with the internet IoT crypto project Helium (HNT). Moreover, Chainlink (LINK) welcomes DOPEX, a decentralized disruptive options exchange, to its clientele.
Still, investors of these tokens see bigger potential in the new crypto project, The Hideaways (HDWY), that's already delivered 100% gains for its presale investors, with analysts expecting significant further price gains.
Solana (SOL) retraces along the crypto market's latest bear run. But the latest news shows it will not be long before its days in the red are over.
Helium (HNT) is looking to go ahead with its original plan to migrate to Solana (SOL) after Algorand (ALGO) encouraged the Google-backed IoT company to reconsider.
We see it is a better decision if Helium (HNT) goes ahead with Solana. The blockchain is known for its high scalability, faster transactions, and low fees, with a higher TPS of 50,000 compared to Algorand's 1,000.
The recent news is expected to provide temporary relief to SOL's bleeding which is down 0.88% to $32.85 at press time. Still, the coin has retraced 21.45% in the last 30 days, which is a good caution for traders to take it easy when investing in Solana (SOL) these days.
Chainlink (LINK) secured a deal with decentralized exchange DOPEX as the latter sought to upgrade its in-house oracle solution.
But unlike the Helium deal's effect on Solana (SOL), Chainlink's new clientele is not driving LINK's price to recovery. The coin is trading at $7.10, down 3.41% during the day.
On the upside, LINK's 20-day EMA is staging a crossover to the 50-day EMA which signals an imminent bullish streak. On the other hand, the RSI fell to 47.46 from a September high of 61.0. This shows selling pressure remains in place.
With the lack of other reasons to drive prices up, investors are looking elsewhere for greener pastures. The Hideaways (HDWY) has arrived to give investors a reason to be positive in a testing bear market.
There are a number of reasons why The Hideaways (HDWY) is delivering better gains than Solana (SOL) and Chainlink (LINK). Presale investors have already secured a 100% gain, with the price expected to rise quickly in the coming weeks as the project grows in popularity.
The Hideaways (HDWY) will offer fractionalized NFTs backed by physical property, with investors receiving real-world rental yield in addition to staking rewards. Not only that but there will be capital appreciation in the NFTs and the physical properties themselves in addition to the huge gains predicted for HDWY token holders.
The Hideaways (HDWY) is already in the 2nd stage of presale and the price has risen 100% from $0.01 to $0.02. Investors are swarming the presale to take advantage of a guaranteed 100% return on investment – with analysts expecting further gains of over 5,400%.
With the market sliding, investors are reallocating rapidly towards The Hideaways to secure the huge gains on offer.
Learn 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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