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The prevailing uncertainty in the crypto market has dragged long-standing cryptos like Algorand (ALGO) and Aave (AAVE) down. On the contrary, a new project, HedgeUp (HDUP), has defied all bearish sentiments. The presale of HedgeUp (HDUP) has emerged as the top investment option, and investors are rushing towards it to gain the most out of the early growth.
Algorand (ALGO) Launches New Developer Toolkit
Algorand (ALGO) has released a developer tool suite, AlgoKit, to build Web3 applications on the network. Algorand (ALGO) has launched this suite to facilitate Web2 developers transitioning to Web3. With Algokit, Algorand (ALGO) also hopes to attract new developers to build dApps on the network. Recently, Algorand (ALGO) also witnessed a surge in its market capitalization, which currently stands at the mark of $1.6 billion. The trading price of Algorand (ALGO) has dropped by more than 5% in the past week. Algorand (ALGO) is currently trading at $0.22, about 93% below its peak price of $3.28.
Aave (AAVE) Focuses On Layer-2 Protocols
Aave (AAVE) is eyeing to increase its presence in the layer 2 space. Recently, a preliminary poll regarding Aave’s (AAVE) deployment on Polygon zkEVM received unanimous support from the community. Now, the Aave (AAVE) team will carry out formal on-chain voting on the resolution. Aave (AAVE) had already launched V3 on the Polygon zkEVM testnet. Besides, Aave (AAVE) is strengthening its presence in other layer-2 ecosystems like Arbitrum and Optimism. The development aims to increase the adoption of Aave (AAVE) in the DeFi sector. The market value of Aave (AAVE) has increased by 1.1% in the past week. Aave (AAVE) is currently changing hands at $81.54, about 87% below its all-time high of $666.86.
HedgeUp (HDUP) Goes For Historic Glory
HedgeUp (HDUP) is a revolutionary project that has combined Web3 and alternative asset markets. HedgeUp (HDUP) is a first-mover blockchain platform that aims to make alternative investments accessible to everyone. HedgeUp (HDUP) token has been built on the Ethereum blockchain, and the project’s primary goal is to tokenize tangible assets.
HedgeUp (HDUP) mints fractional non-fungible tokens (NFTs) against multiple asset classes. Thus, HedgeUp (HDUP) allows investors to own a part of the asset without purchasing it. However, if any user buys 100% NFT, they get the physical asset delivered to their home. Besides, HedgeUp’s (HDUP) NFT collection can represent either a single asset, or a basket of assets. Alternatives reduce the volatility of NFTs, and add more stability and profitability to the investment portfolio.
HedgeUp (HDUP) also allows users to trade their NFTs at its marketplace at nominal fees. This provides users with an opportunity to increase their profit margins, and beat the inflation rate. As the network converts valuable assets into NFTs, it allows people to maintain anonymity and security of the commodities, which can be anything from jewelry to real estate. To mint NFTs, HedgeUp (HDUP) stores alternative assets in its licensed and insured vault.
HDUP will serve as the native token of the platform, powering HedgeUp’s ecosystem. The presale round of HedgeUp (HDUP) started at $0.009, and has increased to $0.013. Currently, HedgeUp’s (HDUP) presale is in its second stage, while eight stages have been scheduled. Only 26% of the total 620,000,000 HedgeUp (HDUP) tokens will be supplied during the presale.
For more information on HedgeUP click the links below:
10% Promo Code: bonus10%hedgeup_buynow
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
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