Cosmos (ATOM) Moves Below The Hideaways (HDWY) as a Fan Favorite

We have seen a lot of zero-to-hero stories in the cryptocurrency industry. Sad to say for Cosmos (ATOM) investors, their favorite coin reversed the narrative after failing to make gains this year.

The Hideaways (HDWY), which had just started its presale event in September, had taken over Cosmos (ATOM) as a fan favorite this year.

Cosmos (ATOM) On-chain Analysis: Bears on the Lead

Cosmos (ATOM)’s on-chain analysis reveals bears are guarding their defense well. The coin’s total value locked or TVL declined below $400,000 recently, a critical level analysts feared, after settling at $398,000.

A decline in the TVL shows high speculation among holders – investors are pulling out their money as soon as they can. The Hideaways (HDWY) welcomed an influx of demand at the same time that Cosmos (ATOM) lost market share.

Now more than ever, the market looks for cryptocurrencies packed with utility. Despite ATOM being known as one of the best utility tokens, it failed to show resilience during the Terra Luna and FTX crash.

On the upside, we can see spot improvement in ATOM’s development activity, thanks to the popularity of Osmosis, a decentralized exchange based on the Cosmos blockchain.

Cosmos (ATOM) Can Revisit June 2022 Low

But even with the Osmosis win, Cosmos (ATOM) as an independent native coin, lacks the strength to pull off a steady recovery. We expect the continuation of the bearish pattern until the end of the year.

Cosmos (ATOM) had just fallen below the $9.00 zone – currently selling at $8.92 after declining 8% in the last seven days. This is a disappointing level, having started the year in the $44 zone.

Analysts warned this is not the end of bear dominance. A price prediction on ATOM shows that the crypto can fall back to $5.5, a level it had not visited since June 2022.

For those looking for a better investment, hear our thoughts on The Hideaways (HDWY).

The Hideaways (HDWY) is a Fan Favorite for This Reason

The Hideaways (HDWY) had taken over headlines since entering the market in September 2022.

If you are a real crypto fan, there is a high chance you have done your research about this token. But let us give you a better insight into why it is a rightful fan favorite this year.

The Hideaways (HDWY) is the first decentralized project to offer an easy entrance into real estate investing. How did it do this? By offering NFTs backed by real-world assets. These properties are sold as fractionalized digital assets that go as low as $100.

If you are new to crypto investing, you need this kind of introduction before you go full-on with your investments.

The Hideaways (HDWY) sells at a presale price of $0.10. Four such a high potential token with strong, real estate underpinning, you have nothing to lose.

Website: https://www.thehideaways.io

Pre-Sale: 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.