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Hacking incidents easily drive investors away from cryptocurrency projects, even on major coins
In the crypto news recently, Solana (SOL) and Binance Coin (BNB) were the latest targets of hacks and this caused panic amongst Solana (SOL) and Binance Coin (BNB) investors.
In other crypto news updates, The Hideaways (HDWY) has recently passed a Solidproof audit and received upgraded analyst price targets confirming the current $45m market cap will rise to at least $900m in 2023.
Investors from Solana (SOL) have quickly turned to The Hideaways (HDWY) and other stable cryptocurrency projects following the latest Solana (SOL) hack.
A Solana-based decentralized finance platform Mango Markets lost $100 million after hackers successfully manipulated its price oracle data which enabled them to withdraw crypto loans that are under-collateral.
Moreover, Solana (SOL) was hit by a six-hour outage on October 1, sending the total number of outage incidents to five this year. Solana (SOL) investors must be fed up of negative Soala (SOL) news updates.
Billions has been wiped from the Solana (SOL) market capitalization and it will take a long time for Solana (SOL) investors to see the Solana (SOL) price go up.
Binance Coin (BNB) completed a hard fork that upgraded the security of cross-chain interaction between Beacon Chain and BNB Smart Chain.
Last week, hackers managed to steal $600 million worth of Binance Coin (BNB). Stealing such a large sum of Binance Coin (BNB) from a large exchange like Binance (BNB) sent shockwaves through the crypto news world.
Despite the recent upgrade, Binance Coin (BNB) is finding it hard to win back investors’ trust and the BNB price has been low ever since.
Binance decided to burn 2.06 million BNB worth $550 million in an attempt to recover the Binance Coin (BNB) price but this wasn’t enough to get the Binance Coin (BNB) price positive again.
Solana (SOL) and Binance Coin (BNB) investors have chosen brand new project The Hideaways because it is offered at a price normally only available to institutional investors.
This gives regular investors the chance to make huge profits by investing in the project whilst it is still a low market cap crypto.
With top analysts expecting the market cap to rise from $45m to $900m, it’s obvious why so many analysts and investors have labelled this the top crypto in 2023.
The new project is the first cryptocurrency initiative to tap into the potential of the $230 trillion luxury real estate market. No one in the industry has thought of decentralizing property and it will change real-estate investing forever.
The Hideaways VIP tiers offer insane rewards for investment upwards of $10,000 including free 5* holidays and free private jet flights.
Don’t miss out on investing in The Hideaways before the HDWY token price increases to $0.06 this Sunday. Invest now whilst the bonus is still 50% and you’ll be getting great value for money on your investment.
Head to their website now and invest whilst you still can!
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Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice. Conduct your own research by contacting financial experts before making any investment decisions, more information here.