PancakeSwap (CAKE) and Enjin (ENJ) might not be great prospects since their prices have declined rapidly and there’s not much more room for growth.
The global crypto market’s recent bearish trend appears to be coming to an end. As a result, both novice and seasoned investors are searching for profitable tokens where they can place their money.
However, you can always try new crypto projects that can guarantee a more profitable return such as The Hideaways.
Price Declines For PancakeSwap But Crypto Wide Bull Market Helps
PancakeSwap (CAKE) price action wasn’t able to advance as much as anticipated over the past week as the bigger crypto market made a positive turn.
Despite its brief Twitter stardom and trending status, PancakeSwap still has a ways to go. Despite slight price increases, CAKE’s market cap barely changed.
At the time of publication, CAKE was down just 2.4% on the day, trading at $4.44. The first hurdle CAKE needs to surpass to regain a bullish trendline is the $4.6 resistance level.
If prices increase by 50% from where they are now, CAKE is expected to reach $7.02 in 2023; however, if increases are only 20% or less than 20% annually, the price will stay below $6.
Enjin Might Regain Bullish Traction Given Track Record
Enjin (ENJ) token stats are not promising as of this writing. According to the ENJ price projection, the currency has lost 4.4% over the last day, which worsens the losses sustained over the seven days prior.
Some analysts believe that a negative future is most likely for ENJ. As of this writing, the momentum indicator predicts that ENJ’s decline will continue until it reaches its lowest point. Current RSI levels add legitimacy to this notion.
However, experts believe that bulls now dominate the ENJ market. The levels of the ENJ RSI suggest that there may be bullish activity in the short term.
Amazing The Hideaways Expected In Top 50 Crypto Market Cap By June 2023
The Hideaways (HDWY), which chose to raise development money through a presale rather than through venture capital firms like CAKE and ENJ.
This makes the HDWY token the best 2023 cryptocurrency investment because investors can buy it at a significant 30x–40x discount.
The project has also been confirmed as secure by SolidProof, team tokens are locked, and liquidity is permanently locked.
Users who invest in real estate with The Hideaways can:
- Hold events on HDWY properties, including weddings, and earn 20% of annual revenue. Of course, rentals are the main source of income.
- Participate in transactions without taking risks using SolidProof to examine HDWY smart contracts.
- Join Club Hideaways to get special benefits for every tier level.
What are you waiting for? Join the most profitable crypto project of 2023 and buy HDWY tokens now!
Be Part Of The Hideaways Presale!
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.