Real estate NFTs are one of the most popular investments in 2022. It’s a big market, but which one is the best? We’ve all been caught in frustration with lockdowns. In turn, the market started turning to digital platforms for entertainment.
Investors started buying plots of digital lands from Decentraland (MANA) and The Sandbox (SAND). Today we’ll talk about them and the new crypto project The Hideaways (HDWY) that is changing how people see luxury real estate investing.
Decentraland (MANA) is a newcomer in the crypto space, launching in 2020. MANA quickly rose to fame as virtual real estate had been predicted to be just as valuable as real lands in the future.
At the height of the NFT craze in 2021, Decentraland sold a virtual plot of land for 608,000 MANA valued at $2.4 million when the sale was made.
It had a good run, but the current performance is not looking good. Decentraland had less than 600 users in the past month, and only 1,052 transactions were made on the platform. There is also a 13% decline in visitor visits. With its lack of utility, Decentraland is affected by the loss of investor appetite for investments with no real-world value.
MANA is trading with a 3.0% fall from the previous day, exchanging hands at $0.79. Technical indicators are bearish, with RSI at 40.0. Analysts project that the coin will fall to $0.70 support line this week if sentiment does not improve.
The Sandbox (SAND) is another project that received big support from investors in 2021. Thanks to the endorsement of popular celebrities like Snoop Dogg, the project had the attention it needed to achieve success.
Is it still the case today? Not anymore. The Sandbox (SAND) has been quiet lately. In the 24-hour charts, its native coin is trading with a 3.36% fall to $0.95 and looks to make some price corrections after hiking 9.86% in the previous week.
Technical analysis shows the price retreating after briefly touching $1.03. Sellers have outpaced buyers from that level and sent its RSI lower to 42.
Now, our recommendation for a newcomer is The Hideaways (HDWY) over Decentraland (MANA) and The Sandbox (SAND), which is sure to raise eyebrows.
But hear us out.
Since launching its presale two weeks ago, The Hideaways has sold over 110million HDWY tokens showing huge investor demand. We picked it out last week but since then it’s shot up over 100% with further 1000% increase in the future.
Despite MANA, SAND and HDWY being in the NFT real estate business, The Hideaways (HDWY) has a clear advantage. Why? The NFTs are underpinned by real-world assets.
This means they are not your regular NFTs with imagined intrinsic value and no use cases, you can earn monthly rental income by owning The Hideaways NFT.
Investments in the new project will be used to purchase luxury real estate properties worldwide. You are entitled to receive a fraction of the monthly rental income in return for your investment.
What’s best is The Hideaways (HDWY) has made investing affordable for regular investors, and you can buy fractionalized NFTs backed by property starting at $100.
Check them out while they are on presale:
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