Ripple (XRP) and Compound (COMP) are proving more robust than the general crypto market after both tokens posted an impressive recovery on Tuesday.
This was the same session when volatility started taking hold of the US stock market. Anticipation for the Federal Reserve’s rate decision turns attention to safe-haven assets, particularly treasury yields.
Looking unaffected in the middle of the market chaos is The Hideaways (HDWY) which recently doubled its presale price due to high demand.
Ripple (XRP)’s Price Rallied On SEC News But Retracing Down To Support
Ripple (XRP) is among the hottest tokens trading right now. The payment platform is requesting to expedite the lawsuit’s conclusion that will determine if it is a security or not – the general market sentiment is Ripple will win.
This was one of the buy the rumor and sell the news events as Ripple (XRP) is now down 3% to $0.4317 and holds a market capitalization of $20.53 billion.
Its trading volume hit $3.7 billion, up 25% in the last 24 hours. Technical indicators also show bullish consolidation. The Relative Strength Index nears the oversold territory after hiking to 66.10.
On the downside, experts warned of prices falling by 30% by year-end. Why? The macroeconomic environment will hold the coin back from enjoying a higher price.
When this happens, The Hideaways (HDWY) will be a saving grace for XRP investors, given its comparative utility and potential.
Compound (COMP) Jumps 5%, Is This a Sign for Recovery?
Compound (COMP) is exchanging hands at press time with a 4.65% hike to $54.83. The DeFi platform has recently announced allowing institutions to borrow from its pool of funds, with digital assets serving as collaterals.
The news uplifted Compound (COMP)’s a trading volume which hit $67.22 million, up 7.0% from the previous session. Analysts say they do not think the recent hike will carve a path to a steady recovery.
First, ongoing volatility in the crypto market could dent its price anytime. Also, Compound (COMP) has a lot of groundwork to break even with its 83% decline from last year’s price.
The Hideaways (HDWY) Unaffected by Federal Reserve Rate Decision
While Ripple (XRP) and Compound (COMP) dance with macroeconomic factors, The Hideaways (HDWY) is unaffected. The token double in presale price to $0.02 due to high demand but is expected to finish around the $0.1 area – a 500% gain from here in 2 months.
The Hideaways allows you to invest in luxury property wherever you are – for as little as $100.
Not only that, they give you passive income on the property as they handle all the rental management, bespoke events that gather massive passive yields, and more.
This is a once-in-a-lifetime opportunity to get in early to a coin that’s destined for the top 50 market cap – that’s a 80,000% return from here.
$HDWY’s smart contract is already audited by a leading crypto security firm, SolidProof. On top of that, they are locking liquidity forever – that’s the most bullish news for investors.
Check them out before the presale closes:
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