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The already bleak year for cryptocurrencies took another turn for the worse after the massive hack affecting Binance Coin (BNB) resulted in a loss of over $568.00 million.
With this, Binance Coin (BNB) is seen to dig lower in the $300.00 level this year. Similarly, Cardano (ADA) could plummet toward $0.35 despite the success of the Vasil hard fork upgrade.
Nevertheless, analysts found a winning alternative to BNB and ADA. The Hideaways (HDWY) is our analysts' top recommendation for 2023.
Out of all the presales, this has the best tokenomics and the most utility targeting a $240 trillion property market.
Binance Coin (BNB) closed 1.40% lower in the past 24 hours after reports revealed another significant buffet in the cryptocurrency, leading to a halt in the Binance Smart Chain.
The coin is now exchanging hands at $281.86, reflecting 36.00% from a year earlier. In addition, it broke above the moving averages last week. Still, the bulls could not push the price beyond the next hurdle at $300, suggesting higher activity levels for bears.
At the same time, the 20-day EMA flattened at $283, and the relative strength index (RSI) sat near the midpoint.
With the recent price fluctuations, crypto analysts anticipated the Binance Coin (BNB) to go lower than the $300 price level at the end of the year.
Experts recommended holders immediately change their positions from BNB to the presale superstar The Hideaways (HDWY). The crypto-driven luxury property investment continues to make headlines as it promises a permanent lock of liquidity.
Cardano (ADA) appears to make a bearish run in the upcoming months despite the success of the Vasil hard fork upgrade.
At press time, the token posted a 0.80% intraday decline to $0.424889. This price level also translates to an 81.40% year-over-year plunge.
Recently, Cardano (ADA) dived below the uptrend line as bears successfully defended the level during the retest.
Furthermore, the bears will attempt to break the crucial support at $0.40, flagging further selling positions and could start the next leg of the downtrend. In line with this, Cardano (ADA) could slip to $0.35 in the long term.
Several high-profile crypto commentators have picked The Hideaways (HDWY) as a coin to watch for 2023.
They are opening the $230tn real estate industry to blockchain – offering a minimum of 20% passive income on owning a fraction of a property.
How is yield generated for Hideaways users? Our analysts love that this isn't hyper-inflationary yield, it's real passive income generated through:
This is the chance to be early as you can buy it in presale; if you had bought BNB in presale, you would be over 1,500x up! Our analysts think 100x by the end of 2023 is a realistic expectation.
Website: https://www.thehideaways.io
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
