Polkadot (DOT) Fails To React on Positive Network Activity Updates
Polkadot (DOT)’s On-chain Activities Hit the Peak But Analysts are More Optimistic About This Presale Token
Polkadot (DOT)’s on-chain activities are printing new highs in the middle of the FTX incident. The number of new and active accounts in the network surged in the past week which shows that the market’s trust remains solid for Polkadot.
But the price failed to make big movements from the positive update as investors are more excited about the future of the most talked-about presale token, The Hideaways (HDWY), set to hit a 9,000% gain in 2023.
Polkadot (DOT) On-chain Activity Peaked at The Height of the FTX Crash
Polkadot (DOT) witnessed an unexpected spike in its on-chain activity during the FTX crash as investors rushed to find a new base for their holdings.
The number of new accounts on the Polkadot (DOT) network skyrocketed to 10,403, representing a 900% increase from its previous settlement.
Moreover, the number of active accounts recorded a 300% jump, hiking from 1,100 to 4,500.
Investors fled to projects like Polkadot (DOT) and The Hideaways (HDWY) after the FTX dilemma called for greater focus on real decentralization.
Another report shows Polkadot (DOT) has surpassed Ethereum (ETH) in the number of active developers, with an ecosystem home to tokens such as ANKR, CELR, and LIT raking solid growth in social activities lately.
Polkadot (DOT)’s Price Did Not React on its Recent Milestone
Despite the positive network developments, Polkadot (DOT)’s price is not reacting positively to the news.
DOT is up 0.32% to $5.31. There is a clear indication that traders are struggling to bring the price back to $6.00 due to the lack of buying momentum.
Polkadot (DOT)’s technical indicators confirm a bearish streak, with the RSI currently at the 39.00 zone which shows there are more sellers than buyers at this point.
Analysts gave DOT a “don’t buy” rating, advising traders to go to better-performing cryptocurrencies like The Hideaways (HDWY).
The Hideaways (HDWY) is a Better Buy Than Polkadot (DOT)
Analysts recommend The Hideaways (HDWY) as a better buy than Polkadot (DOT) for its stability.
The new cryptocurrency project is tied to the luxury real estate industry – one of the most stable investments in times of great market volatility.
The Hideaways (HDWY) offers NFTs that are underpinned with real-world properties, ensuring you are putting money in a utility-based rather than one that’s only relying on market speculation.
Investors are entitled to receive a lucrative monthly rental income from The Hideaways (HDWY) which could easily be a good source of passive income. It is ideal for expert and beginner investors wanting to keep their trades cool and steady without missing on profit potential.
The Hideaways (HDWY) is forecasted to hit a 9,000% growth in 2023 – at a selling price of only $0.10, you are up for good gains in the coming months.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
The post Polkadot (DOT) Fails To React on Positive Network Activity Updates appeared first on Analytics Insight.
Polkadot (DOT)’s On-chain Activities Hit the Peak But Analysts are More Optimistic About This Presale Token
Polkadot (DOT)’s on-chain activities are printing new highs in the middle of the FTX incident. The number of new and active accounts in the network surged in the past week which shows that the market’s trust remains solid for Polkadot.
But the price failed to make big movements from the positive update as investors are more excited about the future of the most talked-about presale token, The Hideaways (HDWY), set to hit a 9,000% gain in 2023.
Polkadot (DOT) On-chain Activity Peaked at The Height of the FTX Crash
Polkadot (DOT) witnessed an unexpected spike in its on-chain activity during the FTX crash as investors rushed to find a new base for their holdings.
The number of new accounts on the Polkadot (DOT) network skyrocketed to 10,403, representing a 900% increase from its previous settlement.
Moreover, the number of active accounts recorded a 300% jump, hiking from 1,100 to 4,500.
Investors fled to projects like Polkadot (DOT) and The Hideaways (HDWY) after the FTX dilemma called for greater focus on real decentralization.
Another report shows Polkadot (DOT) has surpassed Ethereum (ETH) in the number of active developers, with an ecosystem home to tokens such as ANKR, CELR, and LIT raking solid growth in social activities lately.
Polkadot (DOT)’s Price Did Not React on its Recent Milestone
Despite the positive network developments, Polkadot (DOT)’s price is not reacting positively to the news.
DOT is up 0.32% to $5.31. There is a clear indication that traders are struggling to bring the price back to $6.00 due to the lack of buying momentum.
Polkadot (DOT)’s technical indicators confirm a bearish streak, with the RSI currently at the 39.00 zone which shows there are more sellers than buyers at this point.
Analysts gave DOT a “don’t buy” rating, advising traders to go to better-performing cryptocurrencies like The Hideaways (HDWY).
The Hideaways (HDWY) is a Better Buy Than Polkadot (DOT)
Analysts recommend The Hideaways (HDWY) as a better buy than Polkadot (DOT) for its stability.
The new cryptocurrency project is tied to the luxury real estate industry – one of the most stable investments in times of great market volatility.
The Hideaways (HDWY) offers NFTs that are underpinned with real-world properties, ensuring you are putting money in a utility-based rather than one that’s only relying on market speculation.
Investors are entitled to receive a lucrative monthly rental income from The Hideaways (HDWY) which could easily be a good source of passive income. It is ideal for expert and beginner investors wanting to keep their trades cool and steady without missing on profit potential.
The Hideaways (HDWY) is forecasted to hit a 9,000% growth in 2023 – at a selling price of only $0.10, you are up for good gains in the coming months.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
The post Polkadot (DOT) Fails To React on Positive Network Activity Updates appeared first on Analytics Insight.
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