Hedgeup Price Prediction: Is it a good investment?
HedgeUp Pre-sale: HedgeUp is entering an already competitive market. Can it beat the competition?
Hedgeup Price Prediction: About HedgeUp
HedgeUp is an NFT trading platform that allows its users to invest in numerous alternative assets including Gold, Whiskey, Wine, Diamonds etc. The primary purpose of HedgeUp is to bridge the gap between alternative asset classes and crypto investors.
With this platform, users can sell and buy fractional alternative investment NFT products (backed by assets).
- HedgeUp provides its users with an easy-to-navigate NFT trading platform.
- HedgeUp allows users to start trading with as little as $1.
- All minted NFTs are backed by physical assets.
- HedgeUp wallet takes care of all the investment needs of users in one application.
- Every product on the HedgeUp platform is stored in a highly secured vault.
- The platform will use the Stellar network to support digital currencies in the ecosystem.
HDUP is the native token of HedgeUp and has a total supply of 620,000,000 tokens. The following are the use cases of HDUP tokens:
- HDUP tokens provide liquidity to the HedegUp NFT trading platform.
- HDUP tokens can be staked to earn passive income.
- The token holders will be able to access various benefits on the HedgeUp ecosystem.
- HDUP early adopters will get more rewards (depending upon the level of investment).
Note that HDUP will initially be built on the Ethereum network, but it will be migrated to Binance later on (to lower transaction fees).
Hedgeup Price Prediction: Competitor Analysis
As HedgeUp is mainly an NFT trading platform, its primary competitors include NFT trading platforms and marketplaces. Thus, the major players in this domain are as follows:
- OpenSea- OpenSea is one the largest web3 NFT marketplaces that allow users to buy, sell, create and browse NFTs
- Rarible- It is another NFT marketplace that is owned by its community. The platform allows its users to sell and buy NFTs. Moreover, it allows its creators an opportunity to get up to 50% in royalty fees.
- Binance NFT- It provides an NFT marketplace for its users to create, buy, sell, bid on, trade and collect non-fungible tokens.
Hedgeup Price Prediction: Current market scenario for the crypto to be launched
As per the data, the alternative asset market is expected to reach $17.2 by the end of 2025.
Furthermore, the report says that the NFT market is expected to grow at a CAGR of 34.2% by the end of 2030.
Talking about HedgeUp; is an easy-to-use NFT trading platform that allows its users to buy fractionalized NFTs (which are backed by assets). Thus, users can own a share of an asset if they don’t want to purchase it entirely. Therefore, being an NFT trading platform, HedgeUp has a good chance to grow with the growth in the NFT market.
Moreover, HedgeUp’s primary purpose is to bridge the gap between traditional investors and crypto investors. Hence, with its unique concept, HedgeUp can get an edge over the existing NFT marketplaces.
However, the existing NFT trading platforms can give good competition to HedgeUp as they are pretty well-established.
HedgeUp’s roadmap is described in five stages, as follows:
Stage 1: The first stage includes the launch of the website, release of the whitepaper, social media launch and HDUP smart contract audit.
Stage 2: The second stage includes the token launch on Uniswap, the launch of the staking program, coinmarketcap listing, NFT marketplace development and the launch of the online master class.
Stage 3: This stage includes the initiation of a partnership with the crypto banking app, onboarding of businesses for the NFT marketplace, NFT marketplace launch, application to CEXs and HedgeUp wallet development.
Stage 4: It includes the token’s migration to the Binance blockchain, CEX listings and HegeUp wallet launch.
Stage 5: The fifth stage includes HedgeUp’s integration with the web3 metaverse company.
Also Read: Tamadoge Price Prediction
Hedgeup Price Prediction: Conclusion
HedgeUp platform is primarily an NFT alternative investment trading platform. Though it is unique in itself (as it allows its users to invest in plenty of alternative assets such as wine, whiskey, gold etc), it has some competition with already existing NFT marketplaces.
Therefore, it has to work on its distinctive feature to remain competitive in the market.
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.