Pancakeswap (CAKE) and Uniswap (UNI) are the two biggest decentralised exchanges (DEX) in the crypto ecosystem and remain their positions on the market despite the drawback in the DeFi industry
We mentioned The Hideaways a while back, and since then, over 1000 new holders have joined, and the price has jumped over 100% to $0.02. We’ll discuss why this is and why with CAKE’s price prediction, you may be better off dumping your coins for HDWY.
The Hideaways project is not following the DeFi hype we saw in 2021 but offers a new business model of investing in Luxury Property with the help of blockchain technologies.
PancakeSwap (CAKE) shows stable performance
PancakeSwap (CAKE) is down 1.21% in the last 24 hours after the dismaying August US CPI cripples significant cryptocurrencies. However, the 1-hour charts reveal a 1.31% hike which hints at short-term price volatility - a good opportunity for scalping.
At its current price of $4.16, we can consider this a strategic entry point for investors in the long term. CAKE is forecasted to end the year at the $8 level, a 100% price increase compared to the current price of $4.
On the other hand, investors who want to profit beyond this stretch could turn to The Hideaways (HDWY), a new coin set to launch in PancakeSwap (CAKE) in 2023. In terms of security, both cryptos are sustainable.
However, the link with PancakeSwap is not the only advantage of The Hideaways (HDWY) more than PancakeSwap (CAKE) is the project’s relation with real estate, which we will discuss later.
Uniswap (UNI) Successfully Moves Through Pressure
Another decentralised crypto exchange, Uniswap (UNI), is currently trying to break the important resistance level.
Uniswap (UNI) is trading at $6.06 at press time, down 1.57% in the 24-hour charts. The coin met enormous selling pressure following its failure to rally above $6.8 but successfully avoided a serious plunge. The head-and-shoulders pattern has also become evident from this level, which signalled a pattern reversal from bullish to bearish.
RSI had fallen to 40.0, hinting that many sellers could push prices further down. We see prices falling below $6.0 to $5.7 before the week. On the upside, a successful attempt above $6.8 will open the door for a new resistance at $7.2.
The Hideaways (HDWY) is a Better Investment than PancakeSwap (CAKE) and Uniswap (UNI)
We see no apparent reason for staying with PancakeSwap (CAKE) and Uniswap (UNI) when you have a much better option - The Hideaways (HDWY). The Hideaways are currently in the early presale stage and successfully avoid the problematic conditions of the crypto market.
The project aims to put property acquisition and NFT investment in one without making investors bleed money for it. HDWY is currently offered at a presale price of $0.02.
The project works by giving you passive income from owning a fraction of a luxury property, this exposes investors to yield from:
- Rental Income
- Property Price Appreciation
- Off-the-market deals
- Events (high-net-worth weddings hiring out the property)
Check their whitepaper out: