The current market conditions are complex, where long-standing projects, like Tezos (XTZ) and The Sandbox (SAND), are losing their grounds while newly-launched cryptocurrencies are gaining traction. Tezos (XTZ) and The Sandbox (SAND) have found it difficult to attract investors due to their sluggishness. But a new project, HedgeUp (HDUP), has swept the entire market with its massive presale growth projection. The presale stage 2 of HedgeUp (HDUP) is selling out fast.
Tezos (XTZ) Lanches Mumbai Upgrade
As a major development activity, Tezos (XTZ) has launched its Mumbai Upgrade. It has come at a time when the price of Tezos (XTZ) has increased by 3.9% in the past 7 days. Ranked 52nd by market capitalization, Tezos (XTZ) is currently changing hands at $1.15. However, it is still 90% below its peak of $12.19. Tezos (XTZ), which functions on a proof-of-stake (PoS) consensus mechanism, had announced the upgrade long ago, but was not implemented till now. Mumbai Upgrade will be Tezos’ (XTZ) 13th core protocol update. Tezos (XTZ) aims to enhance its scaling solutions with this upgrade. As per the developers of Tezos (XTZ), the network can now facilitate up to 1 million transactions without compromising its speed and accuracy. Besides, Mumbai Upgrade also aims to improve the security and network integrity of Tezos (XTZ). Interestingly, major rivals of Tezos (XTZ), including Polygon, have also tried to enhance their scalability.
The Sandbox’s (SAND) Social Standing Improved
With over $1.2 Billion in market capitalization, The Sandbox (SAND) has become the seventh-biggest brand dealing with the concept of metaverses. Currently, The Sandbox (SAND) is being traded at $0.68, which is 92% below its peak price of $8.44. Investors’ trust in The Sandbox (SAND) has increased after the recent layoff decision by Disney, which gave pink slips to many of its metaverse employees. According to market analysts, since a big company like Disney has failed to develop a fully-flourished metaverse, the expansion of The Sandbox’s (SAND) ecosystem underlines its technical prowess. However, the overall bearish market has hampered the growth prospect of The Sandbox (SAND). The trading price of The Sandbox (SAND) has increased by 7.98% in the past 7 days.
HedgeUp (HDUP) Stuns Market With Its Growth Potential
HedgeUp (HDUP) is the world’s first blockchain-based trading platform that caters to the needs of the alternative asset investment industry. HedgeUp (HDUP) has utilized NFT technology for luxury alternative assets. HedgeUp (HDUP) mints NFTs for luxurious and popular alternative assets such as diamonds, luxury watches, rare whiskey, antique art, private jets, and many more.
The primary aim of HedgeUp (HDUP) is to diversify and strengthen your investment portfolio by adding stable and profitable assets. All NFTs minted by HedgeUp (HDUP) are backed by real-world assets. This provides HedgeUp (HDUP) NFT investors immunity against any market shocks.
On HedgeUp (HDUP), users can purchase, sell, or trade these fractional NFTs seamlessly. Users can receive NFTs from HedgeUp (HDUP) in their HedgeUp Wallet, or any ERC-20-compatible wallet. With HedgeUp Wallet, you can purchase NFTs and cryptos directly using credit or debit cards.
The ecosystem of HedgeUp will be powered by HDUP tokens. Currently, a presale HDUP token can be locked at just $0.0135. The platform will also offer a 20% bonus on HedgeUp (HDUP) token purchases for a limited period. To ensure the long-term utility of HDUP as a store of value, the network will supply a total of 620,000,000 tokens, of which, only 26% will be launched during the presale round.
For More Information on HedgeUp visit the website, join the presale or join the community
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