The instability of the Solana (SOL) and Cardano (ADA) networks has been made public in recent months, which has negatively impacted both projects’ reputations. The numerous disruptions the network has endured only this year show that Solana has been the most severely affected. While most of these investors are watching their investments in Solana (SOL) and Cardano (ADA) go down the drain, the smart ones are out and looking for more profitable projects, and luckily, The Hideaways (HDWY) pops up to save these investors from their bad investment choices.
Solana Price Effected by Outages
Since its inception, the Solana network has encountered five significant outages, three of which occurred in 2022. Solana is now termed one of the most unreliable large networks on the market due to some outages lasting for hours.
Unfortunately for Solana investors, these outages caused massive losses for them. The early cyber attack on the blockchain in the first quarter of 2022 resulted in the wallets of Solana (SOL) holders being hacked and their assets drained. This drastically brought down the reputation of Solana (SOL) and, in turn, its price. Solana (SOL) fell from about $120 per SOL to $27 and is still experiencing significant price dips. By 2023, projects like The Hideaways (HDWY) will likely overtake Solana (SOL)
Cardano Price Recovery?
Even though the Vasil upgrade was designed to solve the major issues bothering Cardano (ADA), there is still a lot of work that needs to be done before investors will ever think of Cardano (ADA) as a possible investment for 2023.
The Cardano network has also been unreliable. The team will still face significant obstacles, like the transaction cost and the scalability of the Cardano chain. At the beginning of the bear market, Cardano (ADA) was among the first projects to be hit, and through that, the price of Cardano (ADA) kept crashing, and from a high of $3.1010, Cardano (ADA) is now worth $0.4014.
“The Hideaways Will Overtake Cardano (ADA) and Solana (SOL) In 2023”- On-chain Analysts
One project is tackling the issues trolling Solana (SOL) and Cardano (ADA), though, by constructing one of today’s most reliable blockchain networks. The Hideaways (HDWY) is a cryptocurrency project that is building one of the most trustworthy blockchain ecosystems by tackling significant issues that competitors like Solana (SOL) and Cardano (ADA) are currently grappling with, such as a genuine utility and long-term vision.
The Hideaways (HDWY) launched its presale last month and is already a favorite amongst leading crypto investors.
The Hideaways (HDWY) is a project built with the backing of the global real estate market. The Hideaways (HDWY) allows crypto investors to invest in real estate, receive passive rental income, and stake this income for more crypto gains. These properties are tied to NFTs, which serve as documents of ownership for these real estate properties.
The Hideaways (HDWY) solves the problem of real and long-term utility that Solana (SOL) and Cardano (ADA) are facing. By 2023, The Hideaways (HDWY) has been predicted to overtake both Solana (SOL) and Cardano (ADA) in coin holdings and market cap.
The Hideaways (HDWY) is predicted to grow over 10,000% in 2023 before its major bull run in 2023.
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