Crypto News: DOGE Drops 10% in 7 Days. HedgeUp (HDUP) Raises Over $3M in Presale

In other more positive news, HedgeUp (HDUP) presale continues to be a success. After three successive stages and an ongoing fourth one, the presale has managed to raise more than $3 million.

Read on to learn more.

Dogecoin (DOGE) loses 10% in 7 days

The meme token, Dogecoin (DOGE), is currently trading at $0.061928. This price represents a 10% drop in a period that has seen its fair share of market turmoil.

Dogecoin’s (DOGE) market cap has now been cut down to $8.6 billion. However, the meme coin still remains a Top 10 cryptocurrency. This is because while it has certainly lost a significant chunk of value in the last week, it is not the only crypto asset to do so.

Other major cryptocurrencies outside of stablecoins have also seen their prices drop by a similar amount. These include Ethereum (ETH), Binance Coin (BNB), and the XRP Token. Bitcoin seems to have had an easier time, losing only 3.7% in the same period.

Others like Solana (SOL) and Cardano (ADA) were hit harder than most. Cardano (ADA) lost 18.5% to trade at $0.263 while Solana (SOL) somehow performed worse by losing a stunning 21.2% to trade at $14.84.

This level of volatility is one of the defining features of the crypto market, especially after a crypto winter as hash as last year’s.

HedgeUp (HDUP) raises $3M in presale

The HegdeUp (HDUP) presale has just crossed the $3 million mark in what has been a consistently successful venture. This happened after investors bought 182.04 million tokens across three and a half stages. The next stop after this milestone is the $4.1 million mark, which will see the presale move to the next stage.

HedgeUp (HDUP)’s presale is being used to raise funds to build the project’s alternative assets investment ecosystem. This ecosystem includes an NFT trading platform where users can trade non-fungible tokens backed by products like diamonds, jewelry, gold, and artwork. By buying and selling these NFTs users invest in alternative asset classes.

This is the first time such a platform is being built in Web3. The HedgeUp team is leveraging blockchain to make the alternative assets market affordable and accessible. That way, crypto investors will have a stable avenue through which to diversify their portfolios.

Other parts of the HedgeUp (HDUP) ecosystem are built around this platform. They include a decentralized autonomous organization (DAO), a metaverse, an online masterclass, and a wallet and banking app.

HedgeUp (HDUP)’s initial coin offering (ICO) is currently in phase 4. For this stage, the selling price has been fixed at $0.036. Come the next stage, the presale price will be raised to $0.44. This trend will go on until the eighth and final stage when the price is set to reach $0.0887.

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