The past week in crypto has been one of contrasting fortunes. On the one hand, the presale token HedgeUp (HDUP) has seen an increase in demand as investors flock to accumulate the asset. On the other hand, projects like Avalanche (AVAX) and Polkadot (DOT) have hit a slump.
HedgeUp (HDUP) draws more investors
HedgeUp’s (HDUP) popularity continues to grow. This is evidenced by the fact that the demand for the presale token has increased in recent days.
The HedgeUp (HDUP) presale has been running for more than a month and a half. Its goal is to raise funds for the development of HedgeUp’s revolutionary investment platform that will let users trade alternative assets like gold, diamonds, jewelry, and artwork, by buying and selling NFTs backed by these assets.
This is the first alternative assets investment platform in Web3. According to experts, it is an idea that has the potential to make waves in both the crypto and alternative assets spheres. This, of course, means that HedgeUp (HDUP)’s native token, HDUP, will be a hot asset in the market.
According to crypto analysts, the token could gain more than 3,000% before the end of the year. With this in mind, many investors are rushing to get their hands on HDUP before it blows up.
The presale is the place to do that. So far, HedgeUp (HDUP)’s presale has sold more than 170 million tokens on its way to raising $2.8 million. This has happened across only three stages, demonstrating just how much in demand the HDUP token is.
The presale is currently in stage 4. For this stage, HDUP’s selling price has been set to $0.036. Once the stage sells out and achieves its funding goal of $4.17 million, HedgeUp (HDUP) will move on to stage 5. This progression includes a raising of the prices to $0.044, which marks a 22% growth.
Polkadot (DOT) and Avalanche (AVAX) lose ground within the crypto sphere
Not all projects have HedgeUp (HDUP)’s advantage. Polkadot (DOT) and Avalanche (AVAX) have run into some trouble recently.
Polkadot (DOT) is a blockchain platform consisting of a set of independent chains. These independent chains are known as parachains. It is designed in such a way that these chains can interact with one another and transfer information among themselves in a trust-free fashion.
Avalanche (AVAX), on the other hand, is a decentralized blockchain protocol. It aims to provide a high-performance platform for processing crypto transactions and also for decentralized applications (dApps) to run on.
Both Avalanche (AVAX) and Polkadot (DOT) were seen as promising alternatives to the Ethereum blockchain when they first launched. As a result, their native cryptocurrencies, AVAX and DOT, did well in the market.
However, the initial hype behind these projects seems to be fading. The two protocols are highly unlikely to replace the Ethereum protocol, which is planning to make major upgrades in order to provide the best platform for DeFi solutions and applications.
For more information about HedgeUp (HDUP) presale use the links down below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial