HedgeUp (HDUP) holders expect a significant price increase as the HDUP token continues attracting lots of investors’ interest. The project is already pulling investors from other assets like Arbitrum (ARB) and Internet Computer (ICP).
HedgeUp (HDUP) attracts Arbitrum (ARB) and Internet Computer (ICP) investors
Arbitrum was created by Offchain Labs and launched in 2021 with the goal of improving the speed and efficiency of transactions on Ethereum.
The layer 2 chain is considered a promising solution to Ethereum’s scalability and throughput issues. If it works, it has the potential to greatly improve the user experience on Ethereum.
However, the performance of Arbitrum’s native token, ARB, hasn’t been as promising. ARB was launched on March 23, 2023, to much anticipation. The craze around its launch saw the token price briefly shoot up to an all-time high (ATH) of $11.80 before it dropped to an all-time low (ATL) of $1.10 almost immediately.
Since then the token has neither been performing poorly nor exceptionally, with its price hovering between $1.30 and $1.80. But in the past week, Arbitrum’s (ARB) price has fallen by 14.3%. It’s currently trading at $1.33 from last week’s $1.79.
The situation isn’t that much different with Internet Computer (ICP). The project was founded much earlier in October 2016 with the goal of building a decentralized blockchain network that can host and run smart contracts and dApps at web speed and internet scale. It was officially launched in May 2021.
While it is a promising project, Internet Computer hasn’t performed as investors would have liked. The Internet Computer token, ICP, has been on a downward spiral since its launch, despite its strong start.
On May 10, 2021, ICP was priced at an ATH price of $700.65 per the data from Coingecko. Today, however, it’s trading at $5.41, which marks a 99.22% decrease in price. Over the past week, its price has remained relatively stable, dropping by 9%.
Overall though, ARB and ICP haven’t been what investors expected. And, while things may well change in the coming bull run, some investors are already looking elsewhere as they try to find the next big thing before it blows up. This search has brought HedgeUp (HDUP) to their attention.
HedgeUp (HDUP) is set to perform well
HedgeUp (HDUP) is a new investment platform designed to enable users to invest in a variety of assets. The platform will have asset-backed NFTs that users can buy in order to own the whole or a portion of an alternative asset, like a luxury watch, a valuable jewelry piece, rare wine, etc.
The project’s official token is HDUP. The token, which is currently in presale, looks set to perform well due to continued interest from investors. Some experts even predict that it could gain as much as 3000% this year alone.
HedgeUp (HDUP) is available to buy for only $0.013. Interested investors are encouraged to buy now because the price will be bumped up to $0.020 in the next phase of the presale.
Find out more about the HedgeUp presale here:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
