HedgeUp (HDUP) has gone from strength to strength to reach the halfway point of its presale. And now, with growing support from investors worldwide, the presale is gearing up to blaze through the remaining phases in record time.
While HedgeUp (HDUP) continues to do that, Polkadot (DOT) has seen some tough times. The cryptocurrency has been steadily losing value over the past two weeks. Read on to find out why.
HedgeUp’s allure bringing in investors from all over the world
The Ethereum project HedgeUp (HDUP) has been running its presale for a good amount of time now. Since its launch, this presale has been a magnet for crypto enthusiasts and investors, who have rushed in to buy the token.
The presale is currently in stage four. Thus far, it has managed to sell 182.13 million tokens. This has allowed it to raise more than $3 million. The goal for the stage is to raise $4.1 million.
All these funds will be put into the development of HedgeUp’s (HDUP) revolutionary platform that’s being built on Ethereum. According to the HedgeUp (HDUP) team, their protocol will be the first alternative investment platform in Web3. It uses NFTs to give investors exposure to the alternative assets market.
HedgeUp (HDUP) has designed its platform as a marketplace for NFTs. But these are not your everyday nonfungible tokens. The project is working on creating asset-backed NFTs. The NFTs will be backed by alternative assets like gold, wine, whiskey, watches, art, diamonds, and more.
HedgeUp (HDUP) says these NFTs will be accessible through their trading platform. The physical assets, on the other hand, will be fully insured and held in one of the project’s security deposit vaults.
HedgeUp’s (HDUP) NFTs will allow for fractional investments. This means that investors can own a slice of an asset by paying a portion of its value. The goal of this feature is to make investing in alternative assets as cheap as possible. According to the team, investments will start from as little as $1.
Polkadot (DOT) takes hits in the crypto market
DOT is the native cryptocurrency of the Polkadot network. The network is built to allow different blockchain protocols to communicate with one another. These independent protocols, called parachains, can exchange messages and value in a secure and trust-free fashion.
Overall, Polkadot addresses the issue of interoperability and scalability in one of the most innovative ways. This has made it a popular project. And with that, its native coin, DOT, has enjoyed its fair share of success in the crypto market. It is currently the 13th largest cryptocurrency by market cap.
However, things haven’t been looking good of late. The cryptocurrency has lost 0.32% of its value in the last week, a fair reflection of what has been happening to it in the last 30 days. While DOT isn’t the only cryptocurrency to lose value in the same period, it is among the worst hit of all major cryptocurrencies.
Fortunately, things look to have slowed down in the last 24 hours. Polkadot (DOT) has lost 2%. Investors are hopeful that this marks the beginning of an upward trend.
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
