If you are considering Chiliz (CHZ), Ripple (XRP), and HedgeUp (HDUP) for investment, this guide will help you. HedgeUp (HDUP) has already become a market sensation in the first few days of its presale.
Chiliz (CHZ) Solidifies Its Presence In Spain
Chiliz (CHZ) has put some mixed performances on market metrics. The trading price of Chiliz (CHZ) has risen by 2.3% in the past week. But it is still down by 12% from its February high. Chiliz (CHZ) is currently changing hands at $0.1379. Meanwhile, Chiliz (CHZ) has been on a spree to expand footprints, and has received a big push from Spain. Chiliz (CHZ) has revealed that it has obtained a license in Spain to function as a virtual asset services provider.
Notably, the Bank of Spain has awarded this license and authorized Chiliz (CHZ) to operate a crypto exchange in the country. Chiliz (CHZ) has a strong presence in Spain, due to its association with many football clubs in the country. Experts believe that the new development will increase the use cases of Chiliz (CHZ), pushing its price up.
Ripple’s (XRP) Price Movement Becomes Highly Volatile
In recent weeks, XRP has witnessed significant price volatility, owing to the nearing verdict in the Ripple-SEC lawsuit. The trading price of Ripple (XRP) has decreased by 0.15% in the past seven days, however it has had an 31.91% increase on the monthly chart. While a section of investors are pumping money into the Ripple (XRP) network in hope that the blockchain network will emerge victorious in the lawsuit, some experts fear that it could be a pump-and-dump event. The experts’ opinion is based on the fact that Ripple’s (XRP) recent rise has come from South Korea, where the pump-and-dump activity is quite common to bypass regulations. However, analysts also support the notion that if Ripple (XRP) wins the lawsuit, its prices can increase significantly. Currently, Ripple (XRP) is trading at $0.5209. However, Ripple (XRP) is still about 87% down from its peak price of $3.84.
HedgeUp (HDUP) Raises Level Of Presale Growth
According to recent data, the market of alternative assets has grown to prominence since 2010, and is expected to reach $17.2 trillion by 2025. Therefore, the launch of HedgeUp (HDUP), which has a unique use case, has rejuvenated the entire alternative asset market by combining it with web3.
HedgeUp (HDUP) has brought in a plethora of alternative assets to the cryptocurrency market. HedgeUp (HDUP creates NFTs of major alternative assets like private jets, gold, whisky, and many others. Moreover, the platform allows users to invest in luxury assets for as low as $1.
Since all HedgeUp (HDUP) NFTs are backed by tangible assets, their value will be protected from any market downfall. HedgeUp (HDUP) will partner with high-end startups, and third-party vendors to smoothen the entry of investors into the arena.
The presale round of HedgeUp (HDUP) is ongoing. Currently, users can buy a HDUP token at the price of $0.013.HedgeUp (HDUP) tokens were initially launched at $0.009. HedgeUp (HDUP) token holders will be entitled to receive staking rewards. Staked HedgeUp (HDUP) tokens will contribute to the liquidity pool to improve the trading opportunities for the community. The developers of HedgeUp (HDUP) will supply a maximum of 620 million tokens to facilitate the global adoption of alternative investment products within the crypto sphere.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
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In the current crypto markets, two of the old guard coins have been pushed to the lower end of the fortune list due to a new coin’s rise to attention. HedgeUp (HDUP) has been a shining star as of recent and its surging value has caused platforms such as decentralized finance (DeFi) to take notice. This has caused Chiliz (CHZ) and Ripple (XRP) to suffer, with their stagnating prices and lack of positive market sentiment leaving them in the proverbial doldrums.
Chiliz has become known in recent times as the token of choice within the esports and gaming industry as its value has surged in tandem with the rise in popularity of digital sports leagues. The currency is used not only for purchasing tickets, merchandise and more, but also for being able to bet on digital sports events. Despite this current surge, Chiliz has been hit hard by the newfound attention that HedgeUp has seen, sinking to low of 0.12 USD, a far cry from its surging all-time high of $0.76 back in April.
Ripple, on the other hand, has been steadily climbing in the past six months. Just as other crypto assets, XRP is claiming to be a disruptor concerning international transactions, as it is an open-source protocol providing efficient transfer of payments both live and in real-time. However, its use of distributed ledger technology has been seen by some as being part of the “old guard”, failing to gather traction and attention gleaned by newer altcoins such as HedgeUp (HDUP).
HedgeUp’s surge in attention can be attributed to its innovative platform which allows users to take part in secured investment options using digital assets with minimal fees due to its partnership with several prominent exchanges. This combined with the project’s three-tiered roadmap – which will eventually bring about its own native token – has caused many investors to throw their support behind the relatively unknown coin, with its market cap rising from just under a million USD at the start of the year to a current value of over five million.
Overall, while a majority of crypto assets have seen a resurgence in the past few months, it has been HedgeUp (HDUP) which has seen the most attention. Its impressive credentials have caused two of the “old guard” coins, Chiliz (CHZ) and Ripple (XRP) to suffer and stay in the doldrums, with poor market sentiment and stagnating prices. Only time will tell if either of the two coins can stage a comeback, while HedgeUp continues to ride a wave of growth projection.