Some of the most experienced cryptocurrency traders and investors know that asset diversification can play a major role in maintaining the value of their portfolio, even at volatile times. From investing in traditional assets to cryptocurrencies, it is essential never to put all their capital in a single basket.
HedgeUp (HDUP) is a project that aims to provide investors entry to alternative products to enhance their portfolios.
Today, we will compare it against Dogecoin (DOGE) and ApeCoin (APE) to see how it stands out.
Dogecoin (DOGE)
Elon Musk and his lawyers have reportedly requested a United States Judge dismiss the $258 billion lawsuit filed by investors, who alleged that he operated a pyramid scheme to promote the Dogecoin (DOGE) cryptocurrency.
The lawyers behind Elon Musk stated that the lawsuit filed by Dogecoin (DOGE) investors in June 2022 was a “fanciful work of fiction” in Manhattan’s federal court on March 31.
Regarding the overall price movement behind Dogecoin (DOGE), on April 20, 2023, it was trading at $0.09275.
The all-time high of Dogecoin (DOGE) was on May 8, 2021, at $0.7376.
In the last 24 hours, DOGE saw an increase of 3.59%; in the last seven days, its increase was at 5.89%. This momentum does not indicate massive growth and showcases that Dogecoin (DOGE) has stagnated in regard to value.
In the last 30 days, DOGE is up by 22.8%, so it needs to keep pace if it wants to maintain appeal from investors.
ApeCoin (APE)
Ledger made an announcement that ApeCoin (APE) is their next Ledger Quest partner and further teased that they will drop an exclusive Ledger Quest for holders of the ApeCoin (APE) cryptocurrency that will enable them to enhance their security and earn a PoK non-fungible token (NFT), whilst also being able to claim a custom, ApeCoin Nano.
On April 20, 2023, ApeCoin (APE) was trading at $4.17.
The all-time high of the ApeCoin (APE) cryptocurrency was on March 17, 2022, at $39.40. In regards to its 24-hour performance, ApeCoin (APE) decreased in value by 1.28%. In the last week, APE saw a decrease of 7.78%.
However, in the last 30 days, ApeCoin (APE) has been down 0.23%. This worrying performance has left investors needing to look elsewhere for alternatives.
HedgeUp (HDUP)
HedgeUp (HDUP) is a platform being built to enable anyone access to investments that are otherwise locked to high-net-worth individuals.
Specifically, HedgeUp (HDUP) is building the world’s first non-fungible token (NFT) alternative investment trading platform that will allow anyone access to make fractionalized investments, starting at $1, in a variety of different alternative assets, ranging from gold to whiskey, wine, watches, diamonds, artworks, and a lot more.
The NFTs are minted and backed by a physical asset that is fully insured and held at one of the secure deposit vaults maintained by HedgeUp (HDUP).
Some of the key features behind HedgeUp (HDUP) include a dedicated platform for trading NFTs, an online master class, wallet and banking functionality, an investment basket, a dedicated Decentralized Autonomous Organization (DAO), and the HedgeVerse.
Only 26% of the 620,000,000 tokens are available for the public presale, and it will either end when all eight stages are complete or on June 24, 2023.
The founders and team tokens are locked for 18 months. They are moderately released to the shared wallet once a month for that time frame after an agreed lock-in period.
The smart contract behind HedgeUp (HDUP) was audited by Solidity Finance. There are 8 stages of the presale, and the HDUP token is currently at Stage 2. Throughout this stage, the token is offered at $0.013. Analysts predict that HedgeUp (HDUP) can reach $2 by the end of Q4, 2023, and those who aim to get the most value out of the token can get into it early by signing up for the presale below.
