Due to massive market sell-offs, this week was a challenging one for cryptocurrency investors such as those who hold Solana (SOL).
In other cryptocurrency-related news, The Hideaways (HDWY) has been a major boost for investors as they seek to benefit from the $230 trillion real estate market.
Solana (SOL) Price Is Going Down
Solana (SOL) saw a huge drop because of its association with Sam Bankman-trading Fried’s firm, Alameda Research. The question of whether or not SOL has seen its worst days behind it persists despite the cryptocurrency’s slight recovery over a previous couple of days.
As FTX and its subsidiary trading firm, Alameda Research, continued to experience difficulties, Solana plummeted from $38 to $12. This is because the latter was among SOL’s most significant shareholders. The price seems to have stabilized around $12, but the downtrend may still need to be done. Currently, $15 is acting as a barrier, and buyers are few.
The market is still extremely vulnerable, and any negative developments may slow Solana down. Weak support means the price could drop further if sellers make a comeback. If that happens, Solana (SOL) might drop below $10.
The Hideaways (HDWY) Is Becoming A Popular Investment Option
Investors from all over the world have started to focus their attention on The Hideaways (HDWY). This upcoming NFT platform will enable investors to invest in lavish real estate properties through fractionalized NFTs. For those who have never been able to afford even a small piece of one of these luxury mansions or penthouses, this is their chance.
The demand for HDWY tokens is unreal so get in before the presale ends. Investors almost always give positive responses when asked why they favor The Hideaways. This is easily discernible:
- Investors purchase fractional shares of NFTs that are secured by high-yield luxury properties.
- The monthly earnings from rental and staking will produce a return in the range of 90–180 percent.
- NFTs are tradable, and their value will increase as more people get interested in them.
- Solidproof has conducted an exhaustive investigation into the project, and the company has concluded that it is a risk-free investment.
As the HDWY pre-sale progresses, investors can purchase tokens for as little as $0.08 each. However, as demand grows, the tokens’ value is expected to rise. Investors believe the coin’s value will increase to more than $1 by 2023, from its original trading price of $0.01. This represents a gain of over 10,000% from its first trading price.
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