Shiba Inu (SHIB) and Aave (AAVE) Do Not Impress With Their Recent Price Performance, but HedgeUp (HDUP) Stands Out With the Success of Its Stage 2 Presale

April 20, 2023
3 min read

Traders and experienced investors will always be looking for projects that can provide them with a high level of growth. 

While numerous well-established projects are available within the Web3 space, the true growth will typically be found within presale-stage projects, as they have the highest likelihood of seeing a spike in their appeal and value. 

One of the latest projects to enter the Web3 space is HedgeUp (HDUP), and today, we will compare it to Shiba Inu (SHIB) and Aave (AAVE).


Shiba Inu (SHIB)

In March, Shiba Inu (SHIB) introduced the new website and metaverse branding alongside the WAGMI Temple Alpha preview. Ecosystem participants gained the ability to purchase land in the virtual world.

The announcement, however, did not drive the value of SHIB upward. As of April 20, 2023, Shiba Inu (SHIB) traded at $0.00001055. Its all-time high was at $0.00008845 on October 28, 2021.

In the last 24 hours, SHIB decreased in value by 5.2%; in the last 30 days, its overall decrease was 3.4%. Investors and traders are eyeing alternative projects as better long-term investment alternatives.


Aave (AAVE)

Aave (AAVE) is one of the top decentralized lending protocols, and it is set to launch on Polygon’s new zkEVM Layer-2 Network.

Specifically, a preliminary pool pitching the deployment on Polygon zkEVM passed with a near-unanimous level of support. 572K AAVE was used to vote "YAE," 7.6  voted for "NAY," and 3.1 voted for "ABSTAIN." 

The deployment can benefit both projects, as Aave V3 can drive value within Polygon's new network while giving Aave (AAVE) an edge over rival lending protocols that aim to deploy on the new network.

However, despite this announcement and overall voting phase, Aave (AAVE) did not see significant levels of growth.

Aave (AAVE) traded at $72.91 on April 20, 2023. In the previous 24 hours, its value decreased by 3.9%. However, within the last 30 days, its value saw a decrease of 7%. Based on this, investors will likely look at altcoins that offer better investment opportunities.


HedgeUp (HDUP)

HedgeUp (HDUP) is one of the first blockchain-based projects that aim to enable users to invest in alternative asset classes directly and in a fractionalized way, starting at just $1.

Through the implementation of a minting procedure involving non-fungible tokens (NFTs), the platform bridges the gap between traditional investments and the WEB3 space.

The HedgeUp (HDUP) ecosystem enables anyone to access multiple asset classes, such as gold, real estate, whiskey, watches, and much more. All investors need to do is buy a fractionalized part of a specific asset instead of needing to buy 100% of it. 

The HedgeUp (HDUP) ecosystem comprises a dedicated platform for trading NFTs, a Learn-to-Earn program, wallet and banking functionality, the HedgeUp DAO, and even the HedgeVerse. 

HDUP is the native token behind the platform and provides numerous benefits to early adopters. They get rewarded within the ecosystem, and the token can also get staked and locked in the treasury through specialized events.

The HedgeUp (HDUP) smart contract was audited by Solidity Finance, and throughout the eight stages of its presale, only  26% of the 620,000,00 total HDUP tokens will be available. The token will launch once all eight stages conclude, or on June 24, 2023, whichever comes first.

The founders and team tokens are locked for 18 months and will get moderately released to a shared wallet once a month after the lock-in period.

Throughout Stage 2 of its presale, HedgeUp (HDUP) has climbed in value and is offered at $0.013. Analysts have made a price forecast for the HedgeUp (HDUP) token, which has the potential to reach $2 by Q4 2023.

As such, any investor or trader who aims to get into the early stages of a project that can become a major force within the Web3 space can do so by signing up for its presale.


Find out more about the HedgeUp presale here:

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