It has been disheartening so far for investors as they’ve watched their bitcoin (BTC) and Ethereum (ETH) holdings go down the drain.
Both BTC and ETH have heralded the price decline for the bear market and have dragged the market down to nearly -70% since its last peak.
Bitcoin’s (BTC) Price Action Is Causing Market Tumble
Bitcoin (BTC) and investors have watched their assets plummet since the beginning of the bear market last year when Tesla announced that it would not be accepting Bitcoin (BTC) payments due to the environmental hazards that Bitcoin (BTC) mining was causing.
Bitcoin (BTC) is built using the proof of work (POW) mechanism which consumes a lot of energy globally to mine blocks of codes which become the digital asset we exchange.
This single act of Bitcoin’s (BTC) rejection, caused the price to start declining from its all-time high of $69,000 to $18,000. Bitcoin (BTC) is now down by -69.83% in the last 12 months.
Ethereum (ETH) Investors Panic
Ethereum (ETH) holders are still hoping for the effect of positive development for Ethereum targeted towards tackling global warming.
The Ethereum (ETH) merge saw Ethereum (ETH) move from the proof of work mechanism which resulted in high energy consumption, high carbon footprint and of course, high gas fees to the more efficient proof of stake mechanism to help tackle these problems.
This had caused some general improvements in the blockchain but has been unable to cause a bullish price action for investors to benefit from. Ethereum (ETH) investors have watched their funds go down as far as -72.35% which is how declined Ethereum (ETH) has been in the past 12 months. Better alternatives to investment in crypto are popping up daily but The Hideaways (HDWY) has shown more traction.
The Hideaways (HDWY) Flash Sale is a Winner
The Hideaways (HDWY) is an investor favorite because it gives presale investors huge security. This is due to the below:
Solidproof audit passed the project as a secure investment – Solidproof are a leading crypto audit firm Liquidity is locked permanentlyTeam tokens are locked
In addition to having great security for presale investors, the Hideaways is a project with huge potential to disrupt a $230 trillion industry. This is something that we think will make the whole crypto market explode.
HDWY holders will be able to purchase fractions of NFTs that are backed by luxury physical properties. These properties are hand picked by experts based on their ability to produce rental yield and capital gains.
In the flash sale, the HDWY token is just $0.03 and the expected listing price is said to be between $0.90 and $1.10. This is a great opportunity for investors to be early into a project that is the best 2023 crypto investment.
Website: www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
