Tron (TRX) and Shiba Inu (SHIB) are changing the narrative of their meme coin status by stepping up their burn rates.
The Tron (TRX) price and Shiba Inu (SHIB) price remain unaffected and we look at whether Tron (TRX) and Shiba Inu (SHIB) will ever recover.
We also look at The Hideaways, which is currently running a 50% off flash sale for a limited time only. This is the cheapest the HDWY token will ever be, so investors are making the most of the reduced price.
Tron (TRX): Project Losing Momentum?
After founder Justin Sun left the project to the community, Tron (TRX) has become nothing more than a joke token.
It was an unfortunate event for holders since the Tron Network is among the first to envision the decentralization of digital content.
Unlike Tron (TRX), team tokens in The Hideaways (HDWY) are locked for a year, while liquidity is kept forever. This prevents the possibility of a rug pull after hitting the crowdfunding target.
Tron (TRX) burned 1.1 billion tokens in May 2022 while producing only 5.2 million. But even a deflationary status could not bring investor confidence back to the project.
Shiba Inu (SHIB) burn rate hits record high again
Shiba Inu (SHIB)’s burn rate rallied nearly 600% in the last 24 hours – 50 million SHIBs were sent to dead wallets over the same period.
On the other hand, this is relatively small compared to its circulating supply of 1 quadrillion, and investors see this as a signal to seek more stable projects like The Hideaways (HDWY).
In its mission to make prices more stable, Shiba Inu (SHIB) has burned 410 trillion since its founding. Analysts say burning events will not discount the fact it has zero real-world usage – prices will always be volatile to the ups and downs of the market.
Flash sale now live at the Hideaways
The Hideaways (HDWY) is becoming more popular than projects like Tron (TRX) and Shiba Inu (SHIB) and the presale is offering the HDWY token at a huge 50% discount. This is the cheapest the HDWY token will ever be, and investors are buying big.
The Hideaways (HDWY) is working on a real project. It plans to introduce decentralization towards real estate investing by selling NFTs that are underpinned with real-life properties.
This means that however volatile the NFT market will be, The Hideaways (HDWY) will always be stable.
The Hideaways (HDWY) still has a low market capitalization and investing in it means you’ll be buying a token at $0.03 that analysts think will be listed on exchanges at close to $1.00. A huge 30x on your investment in 2023.
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