The crash of the FTX platform left many crypto projects and investors devastated.
Solana (SOL) has no funds stored in FTX, but the overall depressing market sentiment still affected the coin’s performance. On the other hand, Synthetix (SNX) felt the brunt of FTX’s attacks.
But how do you get your portfolio out of this rut? By investing in highly researched and decentralized coins like The Hideaways.
FTX Left Imprint On Solana
Solana (SOL) has taken a big hit since FTX’s demise, dropping below $15 this month and leaving the top 10 cryptocurrencies by market cap well behind. In November, SOL hit its all-time high price of $259 per share.
In 2022, Solana’s value plummeted along with most other cryptocurrencies’ values. Over 90% of the altcoin’s value has been wiped off since its ATH last year.
This sinking, however, was not caused by external reasons like they were in other projects; rather, it was caused by internal elements like the Solana ecosystem.
Since Solana didn’t store any of its assets on the FTX system, it is unaffected by the platform’s collapse. However, rescuing Solana from the crypto graveyard could be a huge challenge.
Will Synthetix Price Climb?
Synthetix (SNX) had a strong week of selling last week, peaking at $1.80 before the sudden demise of the FTX exchange harmed numerous altcoins and large blue-chip cryptos.
Synthetix Token (SNX) has taken a major hit, dropping from a high of $2.05 to a current price of $1.67, a loss of about 94% of its value.
But don’t worry; for the bulls and the people stockpiling SNX, a successful upward breakout might mean a massive pump.
If the coin’s resistance trendline, currently at around $1.68, is breached, we may witness a strong impulse wave upwards to the next resistance, currently at approximately $1.86. So HODL to SNX and hope for a bullish trend reversal.
Make The Hideaways Your Top Priority
The Hideaways, and its coin HDWY, provide greater utility and advantages than competing crypto ventures. It is now possible to own real estate for as little as $100 thanks to the fractionalization of NFTs backed by tangible assets.
But Why Should You Buy The Hideaways Instead Of Other Coins?
- Liquidation is frozen for 999 years, and the project’s maximum potential is a $200+ trillion traditional property market.
- Enjoy competitive annual percentage yields (APY) without the hassle of following the markets every day.
- Tokens for the HDWY team can’t be traded for two years, preventing potential losses.
- Strive for a 40x return on investment by the year 2023.
Early HDWY investors are expected to reap the largest rewards as the market value for the token is expected to climb by 150% by 2023.
HDWY tokens are still incredibly cheap and are expected to rise by 10,000% over the next year or two.