VeChain (VET), Tron (TRX), and The Hideaways (HDWY) update major network updates in the middle of the FTX collapse.
Analysts say this can provide a brief moment of relief for distressed investors who have seen nothing but price retracements since the beginning of this month.
This is a great time to invest in The Hideaways – analysts agree that the project looks to be undervalued, meaning you could secure a bargain investment!
VeChain (VET)’s Proof-of-Authority 2.0 Reaches Finality
The VeChain (VET) community celebrates the successful forking of the Proof-of-Authority 2.0 consensus to the network’s mainnet. The transition is expected to bring greater sustainability and efficiency to VeChain (VET) which will be supportive of the price moving forward.
We have seen cryptocurrency projects taking bigger strides in making their platforms efficient lately and VeChain (VET) is not willing to lose the game.
The PoA 2.0 will increase VeChain (VET)’s real-world use cases to make it competitive against projects The Hideaways (HDWY) which are dominant players in terms of utility.
On the downside, VET did not react positively to the upgrade – the price is down 2.75% to $0.019 in the 24-hour charts. Not only that investors are speculative about the future repercussions of the upgrade but also the extended crypto winter is supportive of the bears.
VeChain (VET) has already lost 86.87% of its value from the same period a year ago.
Tron (TRX)’s Justin Sun is Mimicking El Salvador’s Bitcoin (BTC) Thrust
After getting into the center of the FTX drama, Tron (TRX) is not over from making it into the headlines.
In his latest Tweet, Tron’s Justin Sun announced plans to follow El Salvador’s decision to buy one Bitcoin (BTC) a day starting this week.
Analysts noted Sun’s decision is in response to the FTX collapse. The damage from the defunct crypto exchange can prolong the crypto winter to which safe haven assets like Bitcoin (BTC), Ethereum (ETH), and The Hideaways (HDWY) can provide relief to exhausted traders.
Tron (TRX) declined 1.84% to $0.049 along with the news, showing the majority of TRX holders are in disagreement with the founder’s decision.
The Hideaways (HDWY) Sells Half of Presale Offering Amid FTX Crash
The Hideaways (HDWY) receives an unexpected influx of demand despite the ongoing volatility in the broader crypto market.
The newest cryptocurrency project sold 50% of its presale tokens at the same time when the market went in all directions from the FTX crash.
The reason why investors are willing to put their trust in this new token more than anywhere is its ties with real estate. The Hideaways (HDWY) functions like a REIT – it manages a portfolio of high-end rental properties under the direction of top real estate advisors.
Monthly yields from these acquisitions are distributed back to investors in USDT and ETH, making it a good source of passive income. This means The Hideaways (HDWY) is an investment just as stable as Bitcoin (BTC) and Ethereum (ETH) but at a much cheaper selling price of only $0.08.
The demand is growing fast. Don’t miss your chance to score The Hideaways (HDWY)!
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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.
