The bears have their claws in deep. Overall, optimism is still high for 2023, but that hasn’t stopped most coins from having a bad week – and some a bad month. Filecoin (FIL) and Toncoin (TON) are just a couple of examples.
The decentralized finance (DeFi) platform, Toncoin (TON), and the data storage blockchain, Filecoin (FIL) exemplify the downward trend. TON is down 20% while FIL is down 16% over the last month.
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Filecoin (FIL)
Filecoin (FIL) is a decentralized data storage platform. Users can earn FIL by providing storage space or pay FIL to rent it. The goal is to offer a decentralized option to services like Dropbox and iCloud. The blockchain has a unique consensus mechanism that encourages the users of the blockchain to provide as much storage as possible.
A month ago, FIL was trading at $5.75. Since then, it has dropped drastically to $4.41. This is almost a 23.3% decrease.
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Toncoin (TON)
Toncoin (TON) was originally developed by the message service, Telegram. Now, however, it is operated and developed by the TON Foundation. It is a Layer 1 blockchain that is known for its fast transaction times.
The Toncoin blockchain uses a proof-of-stake (PoS) consensus mechanism, which is scalable, reliable, and easy on the environment. The blockchain is designed to send and store funds, with service fees paid in TON.
TON is down from $2.2775 a month ago. It is now at $1.84. The token had been showing improvement over the past week but slipped again between yesterday and today.
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HedgeUp (HDUP)
It’s not all cloudy in the world of cryptocurrency, though. Projects like HedgeUp (HDUP) prove that there is a silver lining out there. HedgeUp (HDUP) has been having tremendous success with its presale. This is because of all the value it is bringing to the table.
HedgeUp (HDUP) is building an entire ecosystem around alternative assets. The best part about it is that they are the only Web3 project tapping into this $17 trillion industry. Nor is there anyone else on the horizon.
Alternative assets are anything outside traditional investments. While it is the investing equivalent of ‘miscellaneous,’ HedgeUp (HDUP) is concentrating on high-end physical assets like jewelry and artwork. HedgeUp (HDUP) will create non-fungible tokens (NFTs) for the assets they procure, with each NFT representing a piece of the asset.
The assets themselves will be insured and stored and the NFTs will be available on HedgeUp’s (HDUP) marketplace for as little as $1.
However, HedgeUp (HDUP) is much more than an NFT marketplace. The team at HedgeUp (HDUP) wants to bring more comprehensive financial options to investors of every stripe. To that end, HedgeUp (HDUP) is building a well-rounded ecosystem.
There will be a DAO that holders of HDUP will have voting rights to. They will also have access to financial classes, banking options, and even a metaverse.
The HedgeUp (HDUP) presale is going strong. HDUP is currently available for $0.020. But, when the next stage gets here, that will go up to $0.036. So, while so many altcoins are going down, HDUP is going up.
For more information about HedgeUp presale use below links:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial