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Polkadot (DOT) announced new updates that could bring revolutionary developments to its network and its investors. However, the native blockchain is caught between a crossfire of ups and downs that could spark a worrisome state for its holders.
Market developments are essential for Polkadot's (DOT) big move in the market, but is it able to surge up alongside the new crypto coin The Hideaways (HDWY)?
Polkadot (DOT) announced that new accounts have multiplied tenfold in its latest two-week roundup activities. According to data from dot sights, active accounts spiked to more than 400% within the same two-week period.
However, there is more than just an increase in trading activities because the derivatives of the network are decreasing. In comparison to The Hideaways (HDWY), the token's transaction developments surged alongside the derivatives it provides to its investors.
At the time of publication, data from Santiment states that the jump in trading activities caused a decline in the Binance funding rate for other market participants of Polkadot (DOT). The move could become worrisome as low rates could lead to lesser investment returns.
Despite the bearish market conditions caused by the FTX fallout, Polkadot (DOT) acquired sentimental growth in the past 24 hours. Data from CoinMarketCap states that the coin grew 2% on its last trading day with a trading value of $5.97.
Regardless of the increase in market value, Polkadot's (DOT) trading volume is significantly low. As a result, the development of the coin did not provide a sufficient foundation for the price hike approach of Polkadot (DOT) in the upcoming days.
The positive signal allowed investors to gain confidence in the coin, but that did not halt several market participants from withdrawing their holdings and investing in The Hideaways (HDWY) as they perceived growth opportunities essential for investing in 2023.
The Hideaways (HDWY) gains recognition from Polkadot (DOT) investors and traders after the intersection of developments and down changes in the recent updates. Coin holders are now putting their bets on the prowess of the Hideaways (HDWY) for their portfolio.
Investors made the best choice as they could receive massive returns and price stability on the platform. They can also acquire more than 20,000% returns and obtain great benefits from the team itself by just investing a small amount of $2,500!
Moreover, the coin provides amazing investment security with its liquidity-locked feature that lasts for more than 100 years. Crypto analysts project a 6000% price growth, blowing up even the growth of the Polkadot (DOT) itself.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
