Recent on-chain information has shown that Cardano (ADA) and Dogecoin (DOGE) holders are moving to the presale of HedgeUp (HDUP). Is this a clue that adherents see the token as the next success story?
An analyst is reporting that the token could make 3000% gains before the end of the year. Read on to find out why.
From Cardano and Dogecoin to HedgeUp
ADA, the native token of the Cardano blockchain, launched in late 2017. The digital currency has attained a market cap of over $13 billion. This makes it the 7th largest cryptocurrency based on market cap.
Cardano (ADA) can be considered a relatively successful project. Such a high market cap indicates that it enjoys a large following. There is also a good level of confidence in the long-term prospects of the cryptocurrency.
The same applies to Dogecoin (DOGE). Although initially launched as an internet meme, the token has made a complete turnaround. It is now the 8th largest cryptocurrency, with a market cap of around $11 billion.
Today Dogecoin trades at $0.07792. The overall market sentiment around the token is positive, thanks to its solid performance in the previous bull run. DOGE has also received some new utility due to the efforts of Tesla and Twitter CEO Elon Musk.
So, why are Cardano (ADA) and Dogecoin (DOGE) holders turning to HedgeUp (HDUP)?
According to crypto experts, they see HedgeUp (HDUP) as a successful project. Some think its potential returns will surpass those of ADA and DOGE. Therefore, they are trying to make the most of the HedgeUp (HDUP) presale by buying as much of the token as possible.
How will HedgeUp perform?
Cardano (ADA) and Dogecoin (DOGE) holders are not wrong to back HedgeUp (HDUP). According to a crypto analyst, the presale token will gain 3000% before the end of the year. This should put it among the best-performing tokens of the year.
A significant part of the token’s predicted success is down to the strength of the project behind it. HedgeUp (HDUP), the project behind HDUP, has been developing a new platform.
This platform will provide a marketplace for buying and selling NFTs backed by alternative assets. By trading these NFTs, users will essentially be trading in the underlying product, which can be gold, diamond, artwork, or jewellery.
No other platform with such capabilities has ever been created. Many see it as one of the most innovative projects in Web3 right now. And the bull market is usually a time for such projects to thrive. This is why analysts see the token growing by 30x.
HedgeUp’s (HDUP) presale is now live and in its second stage. It is currently selling at a discounted $0.013.
For more information about HedgeUp (HDUP)
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