The popular token HedgeUp (HDUP) has completed stage 2 and begun stage 3 of its presale. Given its previous successes and fast-paced growth, HedgeUp (HDUP) is on track to 10x by the end of next month.
Other projects haven’t had it so well. Onchain information has revealed that whales who invested in the blockchain gaming platform, The Sandbox (SAND), and the decentralized computing platform, Stacks (STX) have started to abandon the projects.
HedgeUp (HDUP) Stage 2 Presale Finished
Last week, HedgeUp (HDUP) successfully completed stage 2 of its presale. This came after the project sold 92 million tokens on its way to hitting its 1.11 million funding goal. The presale is now in stage 3 and plans to sell 40 million more tokens. The goal is to raise $3.34 million before moving on to the next stage.
HedgeUp’s (HDUP) presale has been moving fast, with each of the previous stages lasting only a week or two.
The presale’s success can be attributed to what HedgeUp (HDUP) has to offer. The project is developing a DeFi platform that will act as a marketplace for alternative asset classes like jewelry, precious metals, artwork, and more.
These assets will be tokenized into nonfungibles that investors can then buy and sell on the HedgeUp (HDUP) platform. The NFTs act as representatives of the products on the blockchain. So by buying and selling them, investors are essentially trading the underlying assets.
HedgeUp (HDUP) Set to 10x by June
HedgeUp (HDUP) is already giving investors gains. These will continue to grow as the presale continues and are expected to reach 10x by the end of the next month.
The presale is currently selling the token for $0.020. When you consider the price for the first stage, which stood at $0.009, early investors have already guaranteed 120% returns.
The price for stage 4 is set to be $0.0364. This will represent 82% gains for those who buy the token at this stage and an impressive 300% for those that bought in the first phase.
HedgeUp’s (HDUP) price at the last presale phase will be $0.0887. This guarantees 10x ROI for holders who bought the token at $0.0090. Given the rate that HedgeUp (HDUP) has been selling, this could be as early as June.
The Sandbox (SAND) and Stacks (STX) whales abandon ship
While HedgeUp (HDUP) continues to attract a multitude of investors, other projects are seeing their biggest investors jump ship. This is what has been happening with The Sandbox (SAND).
The blockchain gaming platform has seen its token, SAND, trade in the red for the past few weeks. Sandbox (SAND) has lost 24.64% of its value in 30 days.
Stacks (STX) hasn’t had it any better. It is the native token of the decentralized computing platform Blockstack. In the last 30 days, Stacks (STX) has seen its price drop by 26.65% to trade at $0.636106.
This situation has caused some Sandbox (SAND) and Stacks (STX) whales to leave the projects in search of better returns.
Find out more about the HedgeUp (HDUP) presale here:
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