Cardano fans had to watch as ADA took a big hit this week, dropping 18.9%. While plenty of people bought the dip, it’s still a bitter pill to swallow. On the other hand, HedgeUp (HDUP) is moving in the other direction. The DeFi project is making huge strides as it nears the end of stage four of its presale.


Cardano (ADA)


Charles Hoskinson, a co-founder of Ethereum, saw the limitations of that project and moved on to build something better from the ground up. Hoskinson realized that proof-of-work (PoW) and other factors would keep Ethereum from coping with the blockchain trilemma. Thus, Cardano was born.

Being a “measure twice, cut once” kind of guy, Hoskinson has taken the slow road to building Cardano, unwilling to cut corners to speed up the process. This has made Cardano somewhat unpopular with investors and venture capitalists, but the team behind the project feels that they’re on the right path.

Like Ethereum, Cardano is a blockchain built to support smart contracts and dApps. Currently, most of the projects built on Cardano are involved in the agriculture and education industries.

This week saw ADA, the native coin of Cardano, slip by a large margin. In just a few days, the token went from $0.34 to $0.23. This generated a flurry of trading, but ADA has only come back up to around $0.2844.


HedgeUp (HDUP)


While Cardano (ADA) slumped, HedgeUp (HDUP) has been going up, up, up. The up-and-coming project is turning heads as it blasts through its presale.

HedgeUp (HDUP) is a new DeFi project that is doing something no one else is. While other DeFi blockchains have their sights set on emulating traditional banking services, HedgeUp (HDUP) has gone in a different direction. HedgeUp (HDUP) is the first blockchain to bring alternative assets to retail investors.

Alternative assets encompass everything outside traditional investments like stocks and bonds. As an asset class, it is worth more than $17 trillion. While this includes many types of investments, HedgeUp (HDUP) is concentrating on luxury items including diamonds, artwork, and rare spirits.

The team behind the blockchain will acquire those assets, then insure and safely store them.

The next step involves harnessing the utility of NFTs. HedgeUp will create several NFTs for each asset and make them available on its marketplace. Investors will be able to purchase a slice of an asset that would have otherwise been out of reach. In some cases, the NFTs will be available for $1.

Alternative assets will no longer be exclusively for the rich. The hope that this has created among investors keeps bringing more and more people to HedgeUp’s (HDUP) presale. In stage one, HDUP was sold for $0.009. Now, in stage four, that price has gone up 400% to $0.036.

However, stage four is almost over and with each stage, the price will continue to rise. Smart investors are getting in now.

For more information about HedgeUp (HDUP) presale use the links down below: