The post $100 Million Crypto Whale Who Made Enormous Gains in April Purchased HedgeUp (HDUP) appeared first on Coinpedia Fintech News
Whales play a big factor in the crypto market. Not only do they have enough money in play to move the needle of a particular token, but many smaller fish follow in their wake. This makes their actions even more significant.
One particular whale is moving assets to HedgeUp (HDUP). Undoubtedly, this will bring other investors along, and for good reason. HedgeUp (HDUP) is positioned to blow up this year, taking advantage of being the only project in the alternative assets sector.
The combined market cap of all cryptocurrencies is around $1.1 trillion. That sounds like a lot, but it pales in comparison to traditional stock exchanges. For example, the businesses listed on the NYSE have a combined market cap of more than $25 trillion and that’s just one exchange. Globally, the value of traditional assets far outstrips cryptocurrencies.
Because of this, it’s much easier for a single person or a small group to have a tremendous impact on the price of a token. Taking their cue from casinos, people in crypto refer to these investors as whales. And because of how influential these whales are, the rest of us sea creatures tend to follow along in their wake.
This isn’t because of envy or wishful thinking. The writing has been on the wall for a long time. Because of the number they’re playing with, whales do plenty of research before they make a move. That’s why it should come as no surprise to whales getting on board with HedgeUp.
Decentralized finance (DeFi) is front and center in crypto. However, the team behind HedgeUp (HDUP) is taking the road less travelled. While other projects are imitating TradFi functions, HedgeUp (HDUP) is standing alone in the field of alternative assets.
Specifically, HedgeUp (HDUP) is designing an ecosystem where us little fish can speculate on things we never would have been able to otherwise. So, small and medium investors will be able to diversify their portfolios by purchasing shares in artwork, diamonds, and more.
HedgeUp (HDUP) is making this possible through NFTs. To many people, NFTs are just digital art. There are so many other use cases than that, though. In this case, HedgeUp (HDUP) will acquire physical assets and create NFTs to represent them. The assets will be insured and safely stored, and investors can get started for as little as $1.
However, HedgeUp (HDUP) will do much more than just provide NFTs, and the HDUP token will be more valuable than just its trading price. Token holders will also be able to participate in governance through HedgeUp (HDUP)’s DAO and take advantage of investing masterclasses provided by the blockchain.
The HedgeUp presale
HedgeUp (HDUP) is getting more than its fair share of attention, even though it hasn’t launched yet. The HDUP token is in the third stage of its presale and going for $0.020. When stage four starts, the price will go up to $0.036 so the earlier investors will see the biggest gains.
Click the links below to find out more about the HedgeUp (HDUP) presale here:
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
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