Voyager VGX (VGX) holders remained cautious as they awaited the ultimate decision on its platform’s acquisition. VGX price doesn’t look too good, and our analysts don’t predict much upside.
Similarly, Ravencoin (RVN) took a beating this week as proof-of-work tokens ran out of steam. RVN worth was pumped up as a end result of Ethereum’s Merge as miners seemed for new opportunities, but as that pattern has died down you need to exit as soon as attainable.
Meanwhile, The Hideaways (HDWY) continue to impress traders as it contrasts the extreme volatility in the market.
Voyager VGX (VGX) Pulls Back ahead of Voyager Digital’s acquisition
Voyager VGX (VGX) noticed large drops this week as market members waited for updates about Voyager Digital’s acquisition.
At the time of writing, VGX tumbled 1.90% to $0.64, reflecting a slump of 12.80% up to now 7 days. In addition, the token additionally marked a plunge of 74.80% compared to the previous year.
Voyager Digital is a Canadian cryptocurrency trade that grew to become one of the biggest victims of the current crash of cryptocurrencies, dragging its native VGX token.
The platform has turn into bankrupt because the administration makes an attempt to restructure its funds. Subsequently, there is a rising expectation that distinguished firms may acquire the location at a throw-away worth of $50.00 million.
Thus, bleak sentiment remained in course of the VGX token. The coin fashioned a downward trend, transferring to the 25-day and 50-day moving averages and the 50% Fibonacci Retracement degree.
The Hideaways (HDWY) is a promising and safer various to the Voyager VGX. This real estate crypto challenge ignites higher investment alternatives as it is underpinned by a bodily asset that generates passive income in $ETH, $USDC and $USDT – not a hyper inflationary token.
Ravencoin (RVN) Could Lose Market Share
Ravencoin (RVN), a proof-of-work token, is the weakest altcoin for the week following the fate of Ethereum Classic.
The RVN’s trend to the downside leaves the hash rate to maneuver lower, which might cause a lack of market share.
The network placed an all-time excessive of 20 TH/s earlier than beginning a deceleration to its current levels at round 15 TH/s.
Ravencoin’s worth has depreciated 4.70% to $0.04 in the past 24 hours. Consequently, charts reveal that the coin is down 22.0% in the final 7 days and 63.40% within the prior year.
Ravencoin may resume promoting pressure because it faces rejection at the $0.09 resistance zone. Technical alerts also instructed that RVN may fall to $0.011.
Why Do Traders Love The Hideaways (HDWY)?
The Hideaways (HDWY) is the newest cryptocurrency to revolutionize the true property funding industry. They purchase luxury property, then use fractionalized NFTs to sell these elements for as little as $100.
Why is this great? The Hideaways team then handles all advertising to get as a lot yield as possible. That means vacation short-term rentals, events leases – keep in mind these are luxurious properties – and more.
They even have relationships within the property sector. They will be buying off-the-market offers on this macro downturn – giving investors further upside as the value of the true property appreciates.
Market members dash towards the model new challenge, grabbing real-world utility, worth stability, and presale bonuses supplied.
The token recently made the headlines after it unveiled a 100% bounce from $0.01 to $0.02, embarking on the continued success of its presale event. And it looks set to jump to $0.045 in less than a quantity of days.
The Hideaways unleashes the potential of luxurious real property investing by promoting NFTs backed by real-world properties. These tokenized investments present passive earnings and higher worthwhile alternatives than Voyager VGX (VGX) and Ravencoin (RVN).
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