Are Solana (SOL) And Synthetix (SNX) Heading For The Crypto Grave? – CryptoMode

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The crash of the FTX plat­form left many cryp­to projects and investors devastated. 

Solana (SOL) has no funds stored in FTX, but the over­all depress­ing mar­ket sen­ti­ment still affect­ed the coin’s per­for­mance. On the oth­er hand, Syn­thetix  (SNX) felt the brunt of FTX’s attacks. 

But how do you get your port­fo­lio out of this rut? By invest­ing in high­ly researched and decen­tral­ized coins like The Hide­aways. 

FTX Left Imprint On Solana

Solana (SOL) has tak­en a big hit since FTX’s demise, drop­ping below $15 this month and leav­ing the top 10 cryp­tocur­ren­cies by mar­ket cap well behind. In Novem­ber, SOL hit its all-time high price of $259 per share. 

In 2022, Solana’s val­ue plum­met­ed along with most oth­er cryp­tocur­ren­cies’ val­ues. Over 90% of the altcoin’s val­ue has been wiped off since its ATH last year. 

This sink­ing, how­ev­er, was not caused by exter­nal rea­sons like they were in oth­er projects; rather, it was caused by inter­nal ele­ments like the Solana ecosystem.

Since Solana didn’t store any of its assets on the FTX sys­tem, it is unaf­fect­ed by the platform’s col­lapse. How­ev­er, res­cu­ing Solana from the cryp­to grave­yard could be a huge challenge.

Will Synthetix Price Climb?

Syn­thetix (SNX) had a strong week of sell­ing last week, peak­ing at $1.80 before the sud­den demise of the FTX exchange harmed numer­ous alt­coins and large blue-chip cryptos.

Syn­thetix Token (SNX) has tak­en a major hit, drop­ping from a high of $2.05 to a cur­rent price of $1.67, a loss of about 94% of its value.

But don’t wor­ry; for the bulls and the peo­ple stock­pil­ing SNX, a suc­cess­ful upward break­out might mean a mas­sive pump. 

If the coin’s resis­tance trend­line, cur­rent­ly at around $1.68, is breached, we may wit­ness a strong impulse wave upwards to the next resis­tance, cur­rent­ly at approx­i­mate­ly $1.86. So HODL to SNX and hope for a bull­ish trend reversal. 

Make The Hideaways Your Top Priority

The Hide­aways, and its coin HDWY, pro­vide greater util­i­ty and advan­tages than com­pet­ing cryp­to ven­tures. It is now pos­si­ble to own real estate for as lit­tle as $100 thanks to the frac­tion­al­iza­tion of NFTs backed by tan­gi­ble assets.

But Why Should You Buy The Hideaways Instead Of Other Coins?

  • Liq­ui­da­tion is frozen for 999 years, and the project’s max­i­mum poten­tial is a $200+ tril­lion tra­di­tion­al prop­er­ty market. 
  • Enjoy com­pet­i­tive annu­al per­cent­age yields (APY) with­out the has­sle of fol­low­ing the mar­kets every day.
  • Tokens for the HDWY team can’t be trad­ed for two years, pre­vent­ing poten­tial losses.
  • Strive for a 40x return on invest­ment by the year 2023.

Ear­ly HDWY investors are expect­ed to reap the largest rewards as the mar­ket val­ue for the token is expect­ed to climb by 150% by 2023.

HDWY tokens are still incred­i­bly cheap and are expect­ed to rise by 10,000% over the next year or two. 

Web­site: https://www.thehideaways.io/ 

Pre­sale: https://ticket.thehideaways.io/register 

Telegram: https://t.me/thehideawayscrypto 

Twit­ter: https://twitter.com/hdwycrypto

None of the infor­ma­tion on this web­site is invest­ment or finan­cial advice and does not nec­es­sar­i­ly reflect the views of Cryp­to­Mode or the author. Cryp­to­Mode is not respon­si­ble for any finan­cial loss­es sus­tained by act­ing on infor­ma­tion pro­vid­ed on this web­site by its authors or clients. Always con­duct your research before mak­ing finan­cial com­mit­ments, espe­cial­ly with third-par­ty reviews, pre­sales, and oth­er opportunities. 



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