Tron (TRX) and Shiba Inu (SHIB) take a hit on the latest crypto market dilemma after FTX saw its $32 billion empire collapse in a blink.
Tron (TRX) and Shiba Inu (SHIB) holders are taking a chance on to recover losses, with the latter promising over 16,000% gain for 2023.
Traders Watch Out! Tron (TRX) is Overinflated
Tron (TRX)’s Justin Sun is among the first to initiate support for FTX after Binance backed out of the deal to buy the struggling cryptocurrency platform. On November 10, the two entities struck a deal that would allow owners to withdraw TRX and Tron-based tokens on FTX. This is after Sun offered $1 billion worth of relief to FTX CEO Sam Bankman-Fried in an attempt to save the collapsing firm from its current dilemma. Tron (TROX) hit $0.33 on FTX after the news broke, instantly alarming the market of an impending overinflation. Analysts quickly warned investors to keep their distance from Tron (TRX) and go for which offers investors the chance to invest early in a cryptocurrency, before its price truly explodes.Shiba Inu (SHIB) Community is Growing but the Price Struggles
The latest report shows Shiba Inu (SHIB)’s follower count climbed to 3.6 million – a record-high level. Despite the recent win, the price struggles to gain momentum and got stuck at $0.0000094 after declining 25% in the last 7 days. Shiba Inu (SHIB) is following Dogecoin (DOGE)’s correction trajectory as both lack fundamental support to keep prices moving forward. Experts say this could lead the price back to cycle lows if the buying pace does not pick up. A good move to make in the current situation is to buy into to balance out the risk spotted on Shiba Inu (SHIB).The Hideaways (HDWY) is a Safe Haven During FTX Collapse
The majority of cryptocurrencies listed on FTX see their prices plummet since the news broke last week. Lucky for investors who are not in any way affected by the recent hit. The Hideaways (HDWY) continues to smash its presale performance, having sold 50% of its presale offering just more than a month after launching. The good thing about the latest cryptocurrency project is its ties with real estate. The Hideaways (HDWY) NFTs are backed with real-world assets that make sure the price is pinned to stability regardless of the events in the broader crypto market. For a buying price of only $0.072, your $100 initial investment will go a long way in The Hideaways (HDWY) more than in Tron (TRX) and Shiba Inu (SHIB). Read more about the project here:Website:
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