The broader crypto market enters another correction after last week’s bull run. Among today’s losers are Polkadot (DOT) and VeChain (VET) – both crypto majors are set to erase weekly gains as selling pressure mounts.
Investors keen to take advantage of the current market volatility enter the presale project The Hideaways (HDWY) which is consolidating positive momentum with a huge price rise. Invest now and receive a massive 100% bonus on your purchase as part of their Black Friday offer. Move quickly, the offer ends soon!
Polkadot (DOT) Drops After Being Declared “Not Security”
Polkadot (DOT) declines at a time when the price should be soaring. According to the representatives of Web3 Foundation, the platform organization behind the Polkadot network and the Kusama platform, native token DOT is software and not a security.
The announcement made on Twitter highlights its three-year engagement with SEC has come to fruition, and this will be a landmark toward achieving a more decentralized and trustless Web3.
Still, Polkadot (DOT) has not reacted positively to the major update and declined 2.75% to $6.88 during the session. The price was met with a strong selling pressure ar $7.00, with investors wanting to take profit at this level to switch to The Hideaways (HDWY).
Polkadot (DOT) is down 87% from the same month last year – analysts say it will continue trading down in November.
VeChain (VET)’s Popularity is Taking a Break
VeChain (VET)’s recorded a stellar October performance. It serviced 7,000 users and processed 100,000 transactions, giving the price a 10.17% boost during the month.
However, the latest network updates are turning sour. VeChain (VET)’s social mentions, a good measure of investor appetite for cryptocurrencies, bottomed to a multi-month low. This means the market’s attention is focused elsewhere, and it may be on the presale token The Hideaways (HDWY) which is brewing popularity lately.
Moreover, VeChain (VET)’s total value locked (TVL) declined from a week ago, meaning that traders are pulling out staked funds due to growing fears.
VeChain (VET) fell 3.0% to $0.025 in the latest charts. Analysts warned the latest decline could continue until $0.020 if buyer support does not come.
The Hideaways (HDWY) is Overtaking Polkadot (DOT) and VeChain (VET)
The Hideaways (HDWY) is welcoming a tremendous amount of support for its presale event.
Analysts are commending the newest cryptocurrency project as it is the first one in a long time to offer investors stability and long-term potential.
The Hideaways (HDWY) is a luxury real estate investment project offering NFTs that are backed with real-world assets. For as low as $100, investors can buy fractionalized digital collectibles that would entitle them to receive a portion of the project’s monthly rental income.
The Hideaways (HDWY) has sold 60% of its presale tokens in just a month – a true mark of popularity. But it’s not too late to join as The Hideaways (HDWY) is just starting to give out a remarkable return on investment to takers.
Buy now before the HDWY price rises later this week and you’ll also receive a huge 100% bonus on your investment. Secure DOUBLE the tokens and also buy a token that’s increasing in price. This is a winning investment!
Read more about the project here:
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.