We take a look at which of these cryptocurrencies will be the one to explode in 2023. Will Ethereum Classic, EthereumPoW or The Hideaways be the best crypto investment of 2023.
In this article we look at the Ethereum Classic Price, the EthereumPoW price and The Hideaways price predictions.
The price of Ethereum hard forks Ethereum Classic (ETC) and ETHPoW (ETHW) continued to sharply drop following The Merge. Cryptocurrency experts anticipated the former to make a 25% decline while the latter is expected to plunge by 80% in the upcoming days.
On the other hand, The Hideaways (HDWY) is set to spike 450% less than a month after launching with news that a price increase to $0.045 has been confirmed as happening this Sunday at Midnight PDT.
Ethereum Classic (ETC) Continues Bearish Path
Since last week, analysts have seen a sell-off in Ethereum Classic’s price alongside with the crash that happened in Bitcoin’s price.
This trajectory has flipped ETC’s significant support level into a resistance zone, which is projected to further trigger a set of bearish events in the upcoming sessions.
On September 14 alone, the digital token roughly plunged by 12% and overturned two remarkable support territories at $39.02 and $37.65 into resistance areas. Besides, a pullback to the $37.65 level is forecasted to be followed by a 21% drop to $29.40.
Consequently, another analyst projected Ethereum Classic to decline by 25%, targeting the $22.50 support.
Currently, bears have already breached both the eight-day exponential and 21-day simple moving averages.
Is Ethereum Classic going to explode in 2023? We don’t think so! There are much better prospects on the market at the moment.
ETHPoW (ETHW) Fails to Deliver
ETHPoW (ETHW), which is the original Ethereum Blockchain powered by the proof-of-work (PoW) mechanism, soared over 70% to $51.000 upon the launching of The Merge. Yet, it plummeted by 75% to $12.29 over the past 24 hours following the event.
Hence, the digital asset is failing in its mission of providing EtHash miners a profitable refuge after The Merge.
According to the daily chart, ETHW’s price declined by over 80% following its market debut.
The crypto investment entity Paradigm forecasted the token to further decline by 90% from its record high of $198.00 hit on August 09.
Right now, the bulls are struggling to make a comeback amid the bears’ strong position. In the previous week alone, ETHPoW already tumbled by 73.96%.
Will ETHPoW explode in 2023? It doesn’t look likely. We don’t think this will be the best crypto investment of 2023.
Price Rise Confirmed at The Hideaways: Invest Now for over 100% Gains by Sunday!
The new real estate cryptocurrency, The Hideaways (HDWY), has sold 50% of its presale token allocation in just 3 weeks since launching. The price has been confirmed as rising to $0.045 by Sunday midnight PDT, rocketing up from its current $0.02 price and delivering over 100% gains if you invest now.
According to the project’s latest statistics, this attractive digital asset has already gained over 5,000 investors, who are now benefiting from The Hideaways’ huge price gains.
The project is proving popular because of:
Staking rewards for the holders of HDWY tokens.Massive passive income every month from real-life rental yields and capital gains.NFT trading platformJoining the membership tiers – Club Hideaway – gives access to monthly rewards air drops, reward NFTs, and fee discounts.
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.