Managing gains in September were Chainlink (LINK), which climbed 14.00%, and Uniswap (UNI), which was 6.10% higher. However, caution is warranted for both of the tokens amid the given bleak macro environment.
Investors eyeballing the cryptocurrency space should consider The Hideaways (HDWY). The crypto superstar assures higher returns through a platform with real-world applications.
Chainlink (LINK) Points Bearish Trends
The recent analysis for Chainlink (LINK), one of the most sought-after DEX cryptos, highlights the formation of a negative trend.
LINK is currently trading at $7.57, presenting a 3.80% decrease. In addition, the token is 68.50% lower than a year earlier.
Similarly, Chainlink’s Relative Strength Index score has undergone weakness. The RSI has been following a downward slope and has reached an index of 53.00, indicating bearish pressure and selling activity.
Meanwhile, the Ethereum network is transitioning to a fully proof-of-stake consensus system. If this move becomes successful, there could be a surge of interest from traders to cash in on Chainlink’s subsequently quicker network. Thus, price predictions for LINK in 2023 could top out at $10.01.
However, investors must still consider that the token could drop to $6.75. Due to this, holders have shifted their attention to ventures like The Hideaways (HDWY) which have greater promise and a steady source of passive income for the long haul.
Uniswap (UNI) to Slip amid a Lack of Demand
Despite the recent upturns made by Uniswap (UNI), price predictions for the token hit a bearish order block as the lack of demand starts to kick in.
UNI is currently sitting at $6.50, offering more selling opportunities up to the $5.50 zone. The digital asset has now traded 85.50% below its all-time high last year.
Moreover, another factor that traders need to be aware of is the downtrend in Uniswap’s active supply. Specifically, there has been a 28.70% plunge in the 1-Year Active Supply for the virtual coin.
In line with this, it is assumed that the minimum price for UNI will be around $10.28 in 2023. Nevertheless, this prediction is slated to go lower.
Why The Hideaways (HDWY) is better than Chainlink (LINK) and Uniswap (UNI)?
Leading analysts believe that the presale for The Hideaways (HDWY) initiative is a stronger investment opportunity than Chainlink (LINK) and Uniswap (UNI).
HDWY is an attractive passive income source that gives investors an instant 50.00% ROI upon buying its token.
It is currently priced at just $0.045, which means it has a tiny market cap of just $45m. This looks to be undervalued and whales have noticed.
This is too good an opportunity to turn down at the current valuation, especially as a number of analysts have been quoted as saying the token could hit a market cap of $900m, meaning a 20x on your investment.
Chainlin and Uniswap may be good projects, but The Hideaways looks set to beat them both.
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