Cryptocurrency enthusiasts are becoming increasingly familiar with HedgeUp (HDUP), while many crypto projects such as Monero (XMR) and Toncoin (TON) continue to take a hit. Investors are rushing to be part of the HedgeUp (HDUP)’s second presale stage.
HedgeUp (HDUP) has been in the spotlight, thanks to some positive developments. Despite the crypto winter, its forecasts remain quite optimistic – for a good reason.
Let us see why Monero (XMR) and Toncoin (TON) holders are dumping the tokens for HedgeUp (HDUP).
Monero (XMR)
Monero (XMR) was among the first cryptocurrencies to feature cryptography that offered advances in privacy and fungibility over available alternatives.
Its main feature was its ability to allow users to send and receive transactions without making this data available to anyone examining its blockchain.
As such, Monero is often classed with other privacy cryptocurrencies, such as Zcash (ZEC), that have sought to address privacy weaknesses in Bitcoin (BTC).
This, in turn, enables bitcoins to be traced, making them less fungible, as companies can identify and block tokens involved in a suspected criminal enterprise, for example.
However, while projects like Zcash enjoyed better media coverage and backing from venture capitalists, Monero’s origin is more comparable to Bitcoin’s, involving a small online tech community that grew quietly over time as the project gained market share and credibility.
High inflation and an extremely unsafe macro situation reflected heavily on Monero’s price in 2022. Monero is a risky investment. It does have a higher probability of going down than up because of the lack of good use cases.
Toncoin (TON)
Toncoin (TON) is a decentralized Layer 1 blockchain network. Previously known as Gram, Toncoin can pay transaction fees, settle payments, or validate transactions using the $TON blockchain’s proof of stake (PoS) consensus model.
The Toncoin ecosystem was designed to handle the needs of millions of users making everyday transactions.
Unlike Bitcoin and Ethereum, primarily used by investors, $TON focuses on catering to the typical consumer. It is designed to be integrated into an easy-to-use app, allowing users to buy quickly and send and store tokens.
One of the biggest advantages of $TON is its flexible architecture. The Open Network was designed to be scalable and efficient and boasts ultra-fast transactions due to its cross-shard interactions.
By supporting dynamic sharding and workchains, $TON can successfully validate and process millions of transactions per second. In other words, $TON’s flexible architecture lets it grow continuously without any performance loss.
Although Toncoin (TON) has exciting features, many experts do not think the token is a good investment. It does not have solid fundamentals and a strong team behind it.
HedgeUp (HDUP)
HedgeUp is the world’s first crypto NFT alternative investment marketplace that enables users to invest fractionally in alternative investment assets worldwide.
HedgeUp is revitalizing the alternative investment and crypto market thanks to its unique real-world use cases.
As a decentralized investment platform, HedgeUp allows users access to products minted as fractionalized, equity-backed NFTs. Everyday investors can purchase these NFTs for as low as $1.
The native $HDUP token powers the HedgeUp ecosystem, and holders of the token can benefit from a range of exciting features, such as exclusive access to equity NFT releases, online master classes, bonuses, and staking rewards.
HedgeUp has secured the long-term viability of its protocol by passing a full audit conducted by top auditing companies, SolidProof and CoinSniper.
HedgeUp’s team and founders have locked their tokens for 18 months. This demonstrates the HedgeUp team’s commitment to seeing its platform succeed.
Because of its solid potential and robust use cases, many old and new investors are rushing to buy $HDUP. The platform is currently in its second presale stage, and the token price is projected to increase exponentially in the coming months.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
The post As Monero (XMR) and Toncoin (TON) Fall Behind, HedgeUp (HDUP) Takes the Lead appeared first on CryptoMode.
