By now, you’ve already been burned too many times to know how volatile meme coin prices are. But KingCorgi Chain (KCC) had just made an 87% rally. At the back of your mind, you may think this time will be different, and it will not hurt as badly as it did with Shiba Inu (SHIB).
Analysts remind traders that meme coin surges can’t be trusted, and a timely price correction will follow the surge. For those looking for where to put their winnings, think of The Hideaways (HDWY).
Shiba Inu (SHIB) Jumps But Fails to Recover from Last Week’s Selloff
Shiba Inu (SHIB) jumped along with KingCorgi Chain (KCC)’s latest win – an increased appetite for meme coins came into play.
The meme token hiked 1.86% to $0.00001127. Still, the price is down 1.24% in the 7-day charts. Moreover, it fell by a more significant margin of 8.35% in the 30-day timeframe – The Hideaways (HDWY) surged 150% over the same period.
Shiba Inu (SHIB) had an underwhelming performance in September despite the community burning 1.74 billion SHIB during the month.
KingCorgi Chain (KCC) Stages an 87% Rally.
KingCorgi Chain (KCC) surprised investors with an 87% increase in the last 24 hours, which sent its price to $0.00054. The token had only entered circulation after the Queen’s death and had been behaving quietly in the past weeks.
Analysts point to the latest surge as nothing but another pump-and-dump scheme hyped by big investors who will immediately pocket gains once the price goes up.
Unlike Shiba Inu (SHIB), with unlimited supply, KingCorgi Chain (KCC)’s circulating tokens deflate over time. This is to keep a store in check with the demand in support of prices.
The Hideaways (HDWY) is Investing Big in Growth and Rewards
Instead of investing in KingCorgi Chain (KCC) and Shiba Inu (SHIB), which our analysts say are two of the worst coins to invest in, focus on crypto like The Hideaways (HDWY).
Those monumental gains that early holders of SHIB made are precisely what we expect The Hideaways (HDWY) to do – so buying now is an easy choice.
The Hideaways allows you to invest in luxury property, represented by NFTs, and then trade them on their marketplace. But why is this significant?
By holding the NFT, you’ll get 20% passive income. How? From rental income and events being held at the luxury destination property. Events such as weddings or Hollywood movie sets – yes, really!
The team behind The Hideaways (HDWY) is in it for the long haul as they are locking their own tokens for 2 years, locking liquidity forever, and have already audited their smart contract. The audit result is live under the SolidProof GitHub and passed with flying colors.
Our on-chain sleuths found that large SHIB whales have been exiting and buying into The Hideaways (HDWY) – and when you think it can go up 40,000%, it’s no wonder why!
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.