As the cryptocurrency market experiences a slowdown, investors are beginning to swarm the HedgeUp (HDUP) presale. Near Protocol (NEAR) has stagnated in recent weeks, while the unique offering of the HedgeUp investment platform has generated a lot of interest in its utility token, $HDUP.
What is causing this divergence in investor behavior? Let us take a closer look at each of these projects to find out.
Near Protocol (NEAR)
Near Protocol is a layer one blockchain network. It provides a platform for network developers to build decentralized applications (Dapps). The most successful layer one blockchain network is Ethereum, so protocols like Near are seen as challengers.
The key yardsticks for layer one networks are speed, transaction costs, and the ability to maintain those features as transaction volumes grow.
These factors are the main focus for layer ones, such as Near to improve upon Ethereum, which has encountered issues with costs and speed over the last few years.
Near Protocol is faster and cheaper than Ethereum. More importantly, the platform promises to be faster than some of the most prominent challengers.
When fully implemented, the Near Protocol is expected to be able to process up to around 100,000 transactions per second (TPS).
Ethereum’s biggest rival, Solana, averages less than 3,000 transactions per second. Ethereum averages double-digit transactions per second. Bitcoin does less than ten.
Near Protocol (NEAR) has become popular among retail investors, and it quickly grew to become one of the top cryptocurrencies by market cap.
Despite its popularity, Near Protocol (NEAR) has recently not seen any significant price appreciation, and holders are getting frustrated with its lack of growth.
$HDUP is the utility token of the first crypto NFT Alternative Investment Marketplace HedgeUp, revolutionizing the industry by allowing users to own a share in a wide range of products worldwide for as little as $1 through fractional non-fungible tokens (NFTs).
HedgeUp plans to partner with established and high-end start-ups to facilitate users’ entry into the alternative investment market.
The HedgeUp NFT collection represents an induvial investment with various asset classes or a basket collection from their investment platform.
All alternative assets are stored in a licensed and insured vault, and users can own a percentage or 100% of the NFTs.
Users can also stake their $HDUP tokens as HegdeUp offers 3% rewards to users willing to maintain the network with their tokens.
The HedgeUp marketplace has gained immense popularity quickly as investors and analysts are seeing a promising future for the platform and its native $HDUP token.
There’s massive potential for tremendous gains with HedgeUp. $HDUP is currently trading for $0.09 in presale, and time is limited for investors to buy the token at this price.
Analysts predict that the price of HedgeUp (HDUP) tokens will further multiply investors’ wealth after its formal launch in the open market, which is expected to take place immediately after the presale stage.
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