After Raising $900k, HedgeUp Appears To Be Attracting Cardano And Polygon Investors – NewsTo
After Raising $900k, HedgeUp Appears To Be Attracting Cardano And Polygon Investors

After Raising $900k, HedgeUp Appears To Be Attracting Cardano And Polygon Investors

The HedgeUp (HDUP) presale is going well. So far, the presale has raised over $900,000 and is now attracting Cardano (ADA) and Polygon (MATIC) investors. Now, there are only a limited number of tokens available as HedgeUp closes in on its funding goal.

HedgeUp raises more than $800k in presale

HedgeUp’s (HDUP) highly successful presale has now crossed the $900k mark. This happened after the presale sold more than 73.5 million tokens at a discounted price of $0.013. The presale is currently in its second stage and will go on for a few more before it closes.

The funds will go towards developing the world’s first alternative assets NFT trading platform. This platform will allow people to invest in gold, jewellery, artwork, and more by buying asset-backed NFTs. 

According to the HedgeUp (HDUP) team, they aim to help bridge the gap between crypto investors and alternative asset classes. This is important because, within the blockchain ecosystem, there is no way to diversify investments away from volatile crypto assets. 

By making it convenient to invest in alternative assets, HedgeUp (HDUP) hopes to do just that. It will make it possible to fractionally invest in alternative assets using NFTs. This practically eliminates the financial barriers to entry as people can make investments with as low as $1.

That way, the platform will allow crypto investors to diversify into the alternative assets market within the familiar environment of Web3. This makes it an auspicious project with a high ceiling for success.

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HedgeUp attracts Cardano and Polygon investors

HedgeUp’s (HDUP) successes have attracted a lot of investors. Many of these are seasoned investors with experience picking out promising projects. On-chain information shows that ADA and MATIC investors are also taking advantage of the presale to accumulate HedgeUp (HDUP). 

Cardano is a blockchain protocol designed with the goal of providing a decentralized, secure, and scalable platform for smart contracts and dApps to run on. The protocol was launched in September 2017 and enjoyed a largely positive reception from investors and enthusiasts. 

The protocol’s token, Cardano (ADA), has been performing relatively well considering the market conditions. It’s currently trading at $0.40. This represents a price incline of 0.72% over the last week but an increase of 3.30% over the past 30 days. 

On the other hand, Polygon is a Layer 2 protocol on Ethereum. It was built as a scaling solution that increases the scalability of transactions on the Layer 1 blockchain. The protocol’s token is MATIC. 

MATIC hasn’t been performing nearly as well as ADA. The token has lost 4% of its value in the past week to trade at $0.99. This price also represents a price decline of 12.3% in the past 30 days. 

While things may change in the coming months, MATIC and ADA investors don’t seem to be taking any chances. This is why they are investing in HedgeUp (HDUP) in an effort to diversify their portfolios.

For more information about HedgeUp (HDUP)


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