High-profile crypto deals have a big impact on investor sentiment. In many cases, news updates on new partnerships alone drive prices up even when technical indicators show bearish consolidation.
Solana (SOL) is nearing a merger deal with the internet IoT crypto project Helium (HNT). Moreover, Chainlink (LINK) welcomes DOPEX, a decentralized disruptive options exchange, to its clientele.
Still, investors of these tokens see bigger potential in the new crypto project, The Hideaways (HDWY), that’s holding a presale offer until the end of the month.
Solana (SOL) is Advancing Before Algorand (ALGO) with Helium Project
Solana (SOL) retraces along the crypto market’s latest bear run. But the latest news shows it will not be long before its days in the red are over.
Helium (HNT) is looking to go ahead with its original plan to migrate to Solana (SOL) after Algorand (ALGO) encouraged the Google-backed IoT company to reconsider.
We see it is a better decision if Helium (HNT) goes ahead with Solana. The blockchain is known for its high scalability, faster transactions, and low fees, with a higher TPS of 50,000 compared to Algorand’s 1,000.
The recent news is expected to provide temporary relief to SOL’s bleeding which is down 0.88% to $32.85 at press time. Still, the coin has retraced 21.45% in the last 30 days, which is a good caution for traders to take it easy when investing in Solana (SOL) these days.
Chainlink (LINK) Secures DOPEX Deal, EMA 20 Crossing Over 50
Chainlink (LINK) secured a deal with decentralized exchange DOPEX as the latter sought to upgrade its in-house oracle solution.
But unlike the Helium deal’s effect on Solana (SOL), Chainlink’s new clientele is not driving LINK’s price to recovery. The coin is trading at $7.10, down 3.41% during the day.
On the upside, LINK’s 20-day EMA is staging a crossover to the 50-day EMA which signals an imminent bullish streak. On the other hand, the RSI fell to 47.46 from a September high of 61.0. This shows selling pressure remains in place.
With the lack of other reasons to drive prices up, investors are looking elsewhere for greener pastures. The Hideaways (HDWY) came at the right time when everyone suffered from this testing bear market.
The Hideaways (HDWY) Could be Investors’ Saving Grace
There are a number of reasons why The Hideaways (HDWY) is a better investment choice compared to Solana (SOL) and Chainlink (LINK), especially from the perspective of investors looking for an income source from real estate yields.
The Hideaways (HDWY) will offer fractionalized NFTs as low as $100 and sales proceeds will be reinvested in more property acquisitions. Yields from these properties will be redistributed to investors, giving token owners passive income while doing nothing.
The Hideaways (HDWY) is in the 2nd stage of presale and the price is set to rise 100% from $0.01 to $0.02.
Investors can also earn big from staking rewards and capital appreciation if ever they decide to sell their NFTs on secondary markets.
Learn more about the project here: