The growing scrutiny against privacy tokens led to Huobi Global’s decision to delist 7 privacy tokens, including Monero (XMR) and Firo (FIRO), this coming September 19.
The recent event led investors to ask an important question: is it safe to buy privacy tokens Monero (XMR) and Firo (FIRO) amid the recent hit?
Analysts advise investors to look at The Hideaways (HDWY) instead. This new token can change how the market looks at real estate investing.
Monero (XMR) Keeps Decline in Control After Announcing a Network Upgrade
Just three days before its scheduled delisting from Huobi Global, Monero (XMR) has kept its fall in check with a network upgrade. The blockchain’s management announced increasing its ring size from 11 to 16 to make the network more private and difficult to tamper with. This is another attempt to keep hackers at bay and keep funds in the network protected.
Monero (XMR) currently trades at $147.71, down 0.47% for the day. Still, the coin is up 41.20% in the last 90 days, pulling itself back from the cycle low recorded in June that sent its price down to $98.53.
If we zoom out on Monero’s chart, we can see that the coin is on a clear downtrend. Its technical indicators are not helping, with RSI now low at 46.34.
Still, a pump-and-dump scheme on highly volatile coins like XMR can happen in the coming days. If so, the XMR can stage a small rally to the $161.0 level and breach $170.5.
Firo (FIRO) Couldn’t Stand the Delisting Pressure
Unlike Monero (XMR), Firo (FIRO) is acting more sensitive to the imminent Huobi Global delisting. The privacy coin updated a double-digit decline on Friday, down 19.76% to $2.90 in the last 24 hours.
There has been an apparent pattern reversal to bearish following the entrance of a long wick candle in September. At this time, the coin recorded an intraday high of $4.25 and a low of $2.65.
RSI has also descended from the oversold territory, now at 53.85. We expect sellers to take the lead from now and continue until the negative sentiment about the delisting is over – a fall to $1.50 is eyed. Before this happens, investors can pocket what’s left from their FIRO holdings and place it on a steadier coin like The Hideaways (HDWY) instead.
There is Nothing to Lose With The Hideaways (HDWY) As It Jumps 100% Since First Mentioned
We’re proud to say that we mentioned The Hideaways (HDWY) right at the beginning of its presale, and its already jumped 100% for early investors.
Our analysts tell us that judging from the current market cap, and over 1000 new holders were added in a week, we should see a 500%-1000% increase within the next 2-3 weeks as this is how presales work – the more that invest, the higher the price.
The initial investment is small. For as low as $100, you can already be one of the part-owners of the company’s property acquisitions, which will give you a monthly rental income and expose you to capital appreciate in high-demand areas.
The Hideaways (HDWY) is in the real estate business and wants to tap into the sleeping potential of luxury real estate. By tokenizing and fractionalizing investments, they are opening up the chance to own luxury real estate to all, not just a select few.
Now, The Hideaways will bring together all interested investors and let them decide which properties will be bought – a true sign of democratization.
Don’t waste your time on privacy tokens like XMR and FIRO and invest in a coin with more utility that’s bound to be listed on CEX’s like Binace.
Learn more about the project:
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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