Analysts say Solana (SOL) and Dogecoin (DOGE) traders should start looking for new options as the two coins will not recover soon.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
This happened at the same time when most of the biggest crypto posted gains and analysts declares The Hideaways (HDWY) as the new 50x coin of 2023.
Solana (SOL) Takes the FTX Hit Harder Than Others
There is no crypto that received a heavier blow from the FTX crash than Solana (SOL).
The latest report shows $700 million worth of outflows from Solana (SOL)-based applications, given Sam Bankman-Fried’s close ties with the smart contract network.
Total Value Locked or TVL dropped to $300 million from $1 billion on November 2 – the FTX crash is enough to erase years’ worth of hard work for Solana.
SOL continues to underperform, with the price down almost 1% to $14.39 in the latest charts. Holders have gone to The Hideaways (HDWY) which offers a better long-term potential than Solana (SOL) and at a cheaper take price.
Analysts say Solana (SOL)’s recovery is off the topic at the moment. We can expect the price to touch $10.00 before exiting the bearish momentum.
Dogecoin (DOGE) Used in a Twitter Scam
Elon Musk’s Dogecoin (DOGE) hyping has stabilized, but hackers are not willing to let go of an opportunity to make money out of a trending token.
NVIDIA’s Taiwan-based Twitter account used DOGE, along with BTC and ETH, to extract money out of crypto fans from a Twitter post. The post is disguised with a “click to get reward” link which turned out to be a scam.
Dogecoin (DOGE)’s price fell 3.48% to $0.08 after the news. It extended last week’s weakness from the FTX crash and sent the total weekly loss to 27.54%.
Lately, investors are putting a greater premium on better-performing cryptocurrencies like The Hideaways (HDWY) which come with better real-world utility than meme tokens.
The Hideaways (HDWY) is a Crowd Favorite For This Reason
Solana (SOL) and Dogecoin (DOGE) outflows are spotted coming into The Hideaways (HDWY)…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
