Published
1 year ago on
October 11, 2022
Analysts give a warning to investors eyeing to put a big amount on play-to-earn cryptocurrencies. Tokens like STEPN (GMT) and World of Farms (WOF) can decline big points the more players use their platforms.
Crypto investors looking for the next Bitcoin have found a project called The Hideaways. Launched just 1 month ago, early investors have already benefitted from 450% gains. Now in the final and longest presale stage, if you invest in The Hideaways now, you can expect the price to rise from $0.045 to $0.15 by the end of November.
Traders are encouraged to add stable and high-yielding cryptocurrencies like The Hideaways (HDWY) to their trading portfolios to guarantee themselves regular monthly passive income and the potential to invest in a project set to become the next Bitcoin.
STEPN (GMT) Trapped In Bearish Hold
STEPN (GMT) traces a 3.57% jump in the daily charts which snatched its 7-day trading performance out of the red territory. At press time, the token is trading at $0.64 - $419 million GMT exchanged hands during the session, up 464%.
The recent rally in STEPN (GMT)’s trading volume shows investors are highly enthusiastic about the play-to-earn project, at least for now. Technical analysis point bears will remain in the driver’s seat going forward.
One important detail not to miss out on is the consolidation of the bearish rising wedge pattern. This shows that STEPN (GMT) will continue trading sideways as it did in the last 30 days. From the same period in September, the token managed to take a +1.36% ROI - relatively smaller versus The Hideaways (HDWY)’s +450% 30-day return.
Analysts say STEPN (GMT)’s price can become deflationary once it welcomes more users to its network. The higher number of steps it needs to compensate will result in lower price-per-step payment.
World of Farms (WOF) Won’t Explode in 2023
Crypto newbie World of Farms (WOF) marks its first day in PancakeSwap. Unfortunately, the market did not buy into another play-to-earn gig after learning their lessons from the likes of Axie Infinity (AXS).
The World of Farms declined 14.64% in the hourly charts and trades $0.0016 at press time. 24-hour trading volume has also moved restrictedly at only $231,000.
The World of Farms users can build their farms, feed animals, and collect new lands to earn WOF tokens. Although it shares some characteristics with the real estate crypto project The Hideaways (HDWY), World of Farms (WOF) has zero use cases.
It functions no more than the Zynga-developed game FarmVille which plays more for entertainment than a real investment.
The Hideaways (HDWY) Will Deliver Huge Gains
Investors can still go ahead with their STEPN (GMT) and World of Fun (WOF) plans, but analysts advise making sure they balance the risk out by adding The Hideaways (HDWY).
In deciding the makeup of an investment portfolio, one must pay careful attention to coins with real-world utility.
Unlike World of Fun (WOF) that’s not backed by real farms and barn houses, NFTs that will be sold by The Hideaways (HDWY) are underpinned by high-yielding luxury real estate properties. Investors who choose to buy the HDWY token now will benefit from an upcoming price rise from $0.045 to $0.06.
This is just the 1st of many price rises expected in Stage 3, as the team have confirmed that they expect the token to hit $0.15 in the next 4 - 6 weeks!
The community decides which among the properties will be acquired by the project - giving investors complete control over the project strategy.
The Hideaways (HDWY) is the first crypto project of its kind to tap the trillion-dollar market of luxury real estate. Don’t miss your chance - the potential of this project is huge.
The market cap is currently only $45m but analysts have marked this as seriously undervalued, given the project has the ability to hit a market cap of $10bn in 2023!!
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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