Popular Meme Coin Shiba Inu (SHIB) Declines Following FTX Aftermath, The Hideaways (HDWY) Gets Recognition
Elon Musk-backed meme coin Shiba Inu (SHIB) experienced another downstream once more after the FTX bankruptcy. On the other hand, the new coin The Hideaways (HDWY) gains more exposure from investors and traders.
Shiba Inu (SHIB) Holders Take Precaution After Reversal
Top meme coin Shiba Inu (SHIB) has made investors unhappy as the market bleeds red once again. According to CoinMarketCap’s data, the crypto has recorded more than 5% daily gains and is trading below its $0.000009 mark.
Despite the decline, Shiba Inu (SHIB) has made some following updates that could put a smile on its investors’ faces. CryptoQuant’s stats reported that the coin represented an oversold position that could in return become a bullish uptrend.
Coin holders and traders are taking extra precautions in the bullish position as they presumed another downfall from the coin. In addition, some market participants are pairing Shiba Inu (SHIB) with The Hideaways (HDWY) in case of slumping issues.
Shiba Inu (SHIB) Addresses Short Positions In Charts
Days after the controversial FTX market drop, Shiba Inu (SHIB) had a bearish bias on its charts after it declined at a crucial support level. The US dollar index saw a decrease in levels from November 3 to November 15, indicating a red zone coming.
In addition, the pullback on its charts denotes that the FTX aftermath is still lurking under the depths of the market. The Hideaways (HDWY), on the other hand, gains price upswings on its charts despite the contagion in the bear market.
The network’s growth sees a huge surge however bearish sentiments are still declining the coin’s growth which worries several investors and traders in the crypto market.
The Hideaways (HDWY) Gains Popularity From Bulls
Increased popularity means bigger exposure to large market bulls and participants. The new coin The Hideaways (HDWY) gains more demand in the industry as it entices various Shiba Inu (SHIB) and other coin users with its remarkable benefits.
Massive investment returns, rental income from real-world properties, and liquidity locked for more than 100 years, are some of the feats that this platform can offer to its future investors. It might sound like a cheap coin but wait till you see its growth opportunity.
The crypto’s current market capitalization sits at $60 million and analyst projects that the project could accumulate to more than $23 billion by 2025. Not just that, with a small trade price of $0.10 the room for growth of the coin is unimaginable.
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The post Shiba Inu (SHIB) Sees Bearish Red Zone Once More, The Hideaways (HDWY) Gains Recognition appeared first on Analytics Insight.