Solana (SOL) and Polygon (MATIC) recorded single-digit losses on the day. Price predictions for both of the tokens also settled in the dip.
The cryptocurrency market corrected as American jobs data mirrored a stubbornly robust labor market.
This economic indicator further confirmed that the US Federal Reserve would continue aggressive rate hikes, leading to a sharp fall in digital assets.
Investors are encouraged to pin stable and high-yielding cryptocurrencies like The Hideaways (HDWY), which has already given its presale buyers a large investment allocation.
Solana (SOL) currently sees the most negative sentiment in months. Accordingly, the reason for the bleak mood is not far-fetched, as the token remains 87.40% down from its peak of $259.96.
Moreover, the 20-day EMA is flat at $33.17, and the RSI is just near the midpoint. If the Solana (SOL) price sustains moving below the averages, it could dive to $31.65 this year.
The string of unfortunate events has pushed investors to lean towards The Hideaways (HDWY), which offers projects in the real estate industry and air-drops rewards to their holders.
Polygon (MATIC) unveils confounding bearish evidence that investors should be immediately aware of.
The Relative Strength Index shows significant bearish signals at 39.58. Then, the Volume Profile Indicator also diverges alongside the RSI.
If the strong selling position does not pause, MATIC's price will decrease to retest the range low of $0.721 at the end of the year. Moreover, experts cited that holders should open the possibility for an 85% decline from the current market value in 2023.
Unlike Polygon (MATIC), The Hideaways (HDWY) is highly believed to drive 9000% gains next year with lesser risks linked to the token.
Solana (SOL) and Polygon (MATIC) have been affected by the plague in the crypto industry. Meanwhile, the uprising cryptocurrency The Hideaways (HDWY) is set to contrast the bear market amid the uptrend opportunities in the platform.
The revolutionary project is the first to tap the trillion-dollar market of luxury real estate. Traders may invest in a piece or all of the NFT underpinned by real estate that produces real yield.
How much passive income? 20% per year, all generated in real yield from rent, events being hosted at the luxury property and picking properties off-the-market for cheaper than market rates.
Solid Proof has already audited The Hideaways (HDWY) as a reliable platform. And our analysts are picking this as the best presale of 2022 and a top 50 crypto coin by 2024.
Click on the links below to learn more.
Website: https://www.thehideaways.io
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.