Data from CoinGecko shows that ApeCoin (APE) and Aave (AAVE) may be having a hard time as their values take a hit. Meanwhile, the presale token HedgeUp (HDUP) is moving from strength to strength in the second stage of its presale.
ApeCoin (APE) and Aave (AAVE) Worry Investors
ApeCoin (APE) and Aave (AAVE) have been performing underwhelmingly over the past few weeks. This trend is worrying investors, who may be forced to look to other projects in an effort to hedge their bets.
ApeCoin (APE) is the crypto token powering the APE ecosystem. This same ecosystem consists of the widely popular Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club NFTs. Within it, ApeCoin (APE) is meant to serve as a utility token, giving holders access to exclusive Web3 services, merchandise, physical events, virtual events, and more.
However, the token has hit a rough patch in recent times. Its value has dropped by more than 10% in the last 30 days. In what has been a consistent downward trend. It’s currently trading at $3.76.
The same turbulence seems to have hit Aave (AAVE). Aave (AAVE) is the native token of the decentralized lending platform Aave. The protocol lets users lend and borrow cryptocurrencies without having to go through a financial intermediary like a bank.
While the platform has been quite useful to DeFi traders and investors, its token Aave (AAVE) isn’t having a good time. The token has had an average performance in the last month having lost 9.8% of its value. Aave (AAVE) is currently trading at $71.04.
While this performance is not as bad as Aave (AAVE)’s it still worries investors. Therefore, many of them are looking to spread their risk by investing in new, promising projects.
And speaking of new, promising projects, the crypto platform HedgeUp (HDUP) is exceeding all expectations in its presale.
HedgeUp (HDUP) Succeeds in Stage 2, leading Up to Stage 3
The presale token HedgeUp (HDUP) is having a strong presale. After selling out in stage 1, the presale has managed to sell more than 91 million tokens and raise well over a million in stage 2. This puts it on track to achieve its funding goals and become one of the best presales of the year.
According to HedgeUp (HDUP) founder (HDUP), the project was founded with the goal of making alternative investments easy and accessible. HedgeUp (HDUP) will act as an NFT trading platform where users can buy and sell NFTs backed by alternative assets.
These NFTs will allow for fractional purchases. Therefore, investors don’t have to pay the full price for a work of art or valuable jewellery. They can buy a fraction of the asset by buying an NFT worth as much as they have. This NFT will represent their share of the underlying asset. It can be 2%, 5%, 6%, 10%, and so on.
The HedgeUp (HDUP) project is unique– no similar platform has ever been created in the web3 ecosystem. This is perhaps why many investors are so willing to get behind it. More investors are invited to participate by buying HedgeUp (HDUP) during the ongoing presale. It’s currently selling at a discount rate of $0.02 with the next phase increasing the price to $0.036.
Find out more about the HedgeUp (HDUP) presale here:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: null tx