Possibilities in cryptocurrency are limitless. Bitcoin (BTC) was once trading for less than a dollar back in 2010, and this is exactly why investors nowadays love scouting for new projects that offer them the possibility of making huge returns.
The market has been loving Clout (CLOUT) and BitTorrent (BTT) lately, putting them among the tokens with the highest trading volume this week.
We’re also including a look at The Hideaways (HDWY), whose presale price has just doubled from $0.01 to $0.02 due to oversubscription and whose presale tokens are already 50% sold in just 2 weeks. Experts are predicting another price rise to $0.03 in the next week, seeing early investors rewarded with 300% gains in just 2 weeks.
Should You Invest in Clout (CLOUT)?
We have been seeing Clout (CLOUT) all over the news lately. The project is based in the Binance Smart Chain and is in the peer-to-peer communications business.
It shares similar functions to Tron (TRX) where both function to make internet applications like social media, music and video streaming, and gaming platforms free from third-parties.
Clout (CLOUT) has started gaining traction recently. From an average 24-hour trading volume of $3,000 on September 15, with its coin price at $.00001767, the stakes had increased to $219,000 the next day.
The momentum has carried through until today, where the token’s trading volume has hit an all-time high of $905,873. Such an exponential trading volume inflation sent its price to its current level at $0.003252, up 267% during the day.
Should you jump into the craze? That depends on what type of investor you are. As mentioned, Clout (CLOUT) functions similarly to Tron (TRX). Both platforms are expected to play an important role in the world’s transition to Web3 and this could make them great crypto investments for 2023.
CLOUT’s recent success seems largely to be based on hype rather than specific news triggering the CLOUT price increase. The market is already exhausted from trading crypto majors that are failing to build the right path to recovery.
BitTorrent (BTT) Making Moves
BitTorrent (BTT) is another peer-to-peer communications protocol that’s in investors’ watchlist. It ranks #10 among cryptocurrencies with the highest 24-hour trading volume, hitting $23 million at press time.
The token’s price had just fallen to an important support zone after trading one the green for the most part of the day. At the time of writing, BTT is exchanging hands at an intraday low at the $0.00000078 level, down 1.23% after hitting an intraday high of $0.00000081 during the session
Its RSI had tanked to 34.0 – a clear indication that selling pressure will continue. The next support line is found at $0.00000070. Analysts advise traders to go elsewhere while BitTorrent (BTT) shows high volatility.
The Hideaways (HDWY): Presale Demand Soaring
The Hideaways have created a presale superstar with their project. 50% of the total presale allocation has sold out in just 2 weeks, with investors being drawn to the project because of its real world utility and the security offered by the team.
Security comes in the form of an infinite lock on liquidity and also a Solidproof audit team stamp of approval. The team behind the project have also confirmed that their tokens will be locked to provide further security to investors.
Real world utility comes in the form of property-backed crypto that provides passive income to investors who back the project.
This cryptocurrency gives investors 4 ways to earn:
- Monthly rental income will be distributed to investors from the community’s luxury real estate yields – expected to be 20%
- Capital gains from selling NFT in their HDWY marketplace
- Staking rewards for storing your HDWY token
- Membership rewards – including incredible VIP tiers
The Hideaways (HDWY) offer interested investors a tiered VIP membership starting at $10,000 that comes with a free global concierge service valued at $50,000, an annual 5* all-inclusive holiday including flights, discounted luxury travel experiences, exclusive limited edition NFTs and much more.
Analysts are expecting the price to rise to $0.03 in the next week and hit $0.08 by the end of October. Investors are picking up their HDWY tokens to make a gain in a difficult market!
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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