Cryptonews News Apecoin (APE) Loses Steam as HedgeUp (HDUP) Gains Momentum

Apecoin (APE) Loses Steam as HedgeUp (HDUP) Gains Momentum

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As the Federal Reserve raises interest rates to battle inflation, the value of cryptos has fallen sharply. The poisonous atmosphere has overcome all kinds of risky investment assets, even highly valued tech companies.

However, cryptos have been particularly badly hit in 2022, with Bitcoin losing more than a third of its value. Ether dropped more than 50 percent and the list can go on. But crypto is not going away, and investing in the correct token now rather than later.

This is why many investors are excited about the relatively new crypto project, HedgeUp (HDUP), which is still in its presale and looking to outperform many crypto tokens such as Apecoin (APE).

Apecoin (APE)

ApeCoin (APE) is the utility and governance token of the APE ecosystem. It is a decentralized platform that supports the APE community.

APE is an ERC-20 token with a total supply of one billion tokens. The community controls it. The ApeCoin DAO is a decentralized network that allows all $APE holders to vote on governance decisions related to the token.

In addition, APE has been adopted by Yuga Labs as the primary token for all new products and services.

Yuga Labs is the creator of the Bored Ape Yacht Club (BAYC) NFT collections. It also owns the IP of two popular NFT projects, CryptoPunks and Meebits.

ApeCoin is a high-risk crypto investment that has the potential to provide astronomical returns. In the short term, there is likely to be high volatility due to speculation that Yuga Lab’s “Otherside” virtual land sale will be priced in APE. As a result, prudent investors may wait for ApeCoin to stabilize before entering if high volatility persists.

HedgeUp (HDUP)

HedgeUp is the first global crypto NFT Alternative Investment Marketplace. The platform enables its users to invest fractionally in alternative investment assets worldwide.

If you are interested in investing in alternative products, there is only one thing you need to know: HedgeUp (HDUP) is the future of alternative asset investment.

HedgeUp (HDUP) allows users to make small investments in HedgeUp (HDUP), such as wine, diamonds, aviation, gold, fine art, luxury watches, and more. For $1, you can own a fractional share in one of these assets.

With this effort, HedgeUp connects its users with investment opportunities usually reserved for only high-net-worth investors. HedgeUp aims to promote accessibility to alternative investments for all.

$HDUP token holders can stake their tokens to earn up to 28%+ per annum in passive income. Thus, you can sell it later when you want to earn a few extra bucks or upgrade your collection with other assets from the HedgeUp marketplace.

HedgeUp’s roadmap has five stages. The first stage consists of all preparations for the token’s creation and presale official launch, including launching a website, the release of the whitepaper, and creating social communities and PR publications, as well as audits.

Official sales at UniSwap, listing at CoinGecko, CMC, and NFT marketplace development, and launching the staking program and online master class are among the steps in the second stage.

The project aims to launch the $HDUP token on a top centralized exchange (CEX) in the third stage, along with the launch of NFT Marketplace, onboarding of businesses for NFT marketplace, and HedgeUp Wallet development.

In the fourth stage, the project has several vital plans, including the migration to the Binance blockchain, CEX listings, and the launch of HedgeUp Wallet.

In the fifth and final stage, the team plans to integrate the platform with a Web3 metaverse company and deploy a marketing strategy.

The project is currently in its presale stage, which presents a massive opportunity for early investors to get the token at a very cheap rate, with many industry experts predicting that HedgeUp (HDUP) could prove to be the ‘Next Big Thing’ in the crypto markets in 2023 and beyond.