Elrond eGold (EGLD) And Bitcoin (BTC) Under Resistance As The Hideaways (HDWY) Moons

Elrond is a decentralized blockchain technology with a divide-and-conquer design and a Secure Proof of Stake (SPoS) consensus mechanism. The platform is powered by the EGLD coin, its native cryptocurrency. Recently, experts observed that EGLD is not in the market for more profitable gains. Other popular cryptocurrencies like Bitcoin (BTC) are facing issues with profitability, discouraging investors. Due to these issues, investors and traders are diverting their attention to more promising projects like , which is expected to increase between 7,000% to 9,000% by the end of 2022.

Elrond Might Not Turn The Tables And Become Profitable, Analysts Says

In the past week, EGLD was trading around $50.25 with support of approximately $47. The cryptocurrency RSI is over 50, suggesting the possibility of a bullish trendline. However, crypto experts believe the situation does not call for sustainable long-term investment. Currently, EGLD is trading for $191.29 with an increased market cap of $4,150,898,333.50 and a circulating supply of 21,694,175 EGLD. Technical analysts explain that Elrond is more inclined to have short-term rallies rather than long-term profitability and suggest investing in other projects with potential gains, like .

Long-Term Holders Questions The Profitability Of Bitcoin

The Bitcoin (BTC) market has a tight relationship with the stock market, particularly tech stocks, which are currently experiencing a greater downfall than the crypto market. Long-time BTC holders are questioning the profitability of the cryptocurrency because of its ties to the tech stock market. The central bank’s failure to control the rising inflation has added to the problem of Bitcoin investors. With less money to invest, BTC holders shift their interest to less risky assets such as

The Hideaways Offers Profitability And Stability To Crypto Investors

Unlike EGLD and BTC, HDWY offers more profitability to traders and investors. With , you can own fractionalized NFTs backed by real-world assets.

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safeguards their client’s privacy by partnering with SolidProof to audit their smart contracts.

With a current price of $0.045, has come a long way from its $0.01 presale price. Analysts predict that HDWY will continue to see massive gains and profitability in the coming months and 2023.

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