Crypto analysts predict that the bull market will start sometime in 2023. And that means that for investors, it’s time to purchase promising tokens at a cheap price and wait. This is what they did in the bear market of 2021 with cryptocurrencies like Polkadot (DOT) and Binance (BNB).
Speaking of DOT and BNB, on-chain analysis has revealed that holders of the two tokens are purchasing HedgeUp (HDUP). This is a new DeFi token that has been in presale for several weeks now. Do they see big gains on the cards coming into the bull market?
Read on to find out why.
HedgeUp presale attracts Polkadot (DOT) and Binance (BNB) investors
The HedgeUp (HDUP) presale has seen an influx of investors from all corners of the crypto and decentralized finance worlds. Recent on-chain information shows that some of the biggest HedgeUp (HDUP) buyers are coming from Binance (BNB) and Polkadot (DOT).
Binance (BNB) and Polkadot (DOT) are two popular and highly successful projects. Polkadot is an ecosystem of diverse blockchain protocols known as parachains. The parachains are interoperable, meaning they communicate and allow for the flow of information and data between one another.
Overall, the project is considered a potential game-changer in the blockchain space. This is because of its innovative approach to blockchain technology. Therefore, the coin, DOT, was a success story in the previous bull market. Its price went from $2.70 in August 2020 to peak twice in the next year and a half.
The first peak was $47.33 in May 2021. This was followed by a massive dip in price before the coin recovered to peak again at $54.98 four months later.
Binance is currently the biggest cryptocurrency exchange in the world. It has also developed a public blockchain protocol, the Binance Smart Chain (BSC), to which BNB is the native coin.
BNB was launched in 2017 and is now the fourth-largest cryptocurrency by market cap. It is currently trading at $308.87, which gives it a market cap of more than $48 billion.
Are 500% profit margins in the cards for HedgeUp (HDUP)
Binance Coin (BNB) is one of the most successful cryptocurrencies ever created. So, if its investors are going for HedgeUp (HDUP), what does that mean about the token?
Experts say these investors probably believe in HedgeUp (HDUP) as much as they do in what they’re currently holding. The token enjoys the backing of a very strong project – an investment platform where users can buy and sell alternative asset classes like gold, jewelry, diamond, and artwork.
This means that like BNB, big gains are in the cards. Just within the presale, HedgeUp (HDUP) will provide investors with big returns. These gains are set to cross the 500% mark in the sixth stage of the presale when the token will be selling for $0.0567.
And as the presale goes on, the gains will be even higher, reaching 900% in the last stage.
For more information about HedgeUp presale use below links:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial