HedgeUp Soars as Shiba Inu & Cardano Struggle in Crypto Markets

  • The HedgeUp (HDUP) presale has been a success, raising $1.83 million.
  • The project is building a marketplace for alternative assets like gold and diamonds.
  • Cryptocurrencies like Shiba Inu (SHIB) and Cardano (ADA) have been struggling in recent weeks.

HedgeUp Presale Successful Despite Poor Crypto Market Conditions

Crypto prices have seen some recovery in the last few months, but the current market conditions are still far from being good. Prices are still low compared to where they were a year and a half ago, with price drops being quite common. However, this hasn’t stopped HedgeUp (HDUP) from having a successful presale. The first stage sold out within days while the second stage took a couple of weeks. It is currently in the third stage and will go on for five more stages before being closed at the end of stage eight. So far, they have sold close to 130 million tokens worth $1.83 million towards their total funding goal of $3.34 million.

Why Invest in HedgeUp?

HedgeUp is building an investment platform for alternative assets such as gold, rare artwork, valuable watches, diamonds, and more that can be accessed by investors all over the world. This makes it an attractive option for investors looking to diversify their portfolios beyond traditional stocks or crypto assets.

Shiba Inu (SHIB) & Cardano (ADA) Struggling Recently

Other projects have not been so lucky during these market conditions; Shiba Inu (SHIB) and Cardano (ADA). SHIB was one of 2021’s most popular cryptocurrencies with growth rates that reached into the hundreds of thousands during its bull run, however it has since dropped back down to $0.000008888 per token – which is almost where it was trading at before its meteoric rise began earlier this year. Similarly, ADA has also struggled recently due to bearish sentiment across the crypto markets as well as negative news surrounding its listing on Coinbase Pro causing its price to drop significantly over the past few weeks.

What Does This Mean For Crypto Investors?

These market conditions mean that investors need to be extra careful when deciding what projects to invest in or trade with their funds as not all tokens may be able to survive these volatile times without seeing significant losses along the way. Those who choose correctly could potentially benefit significantly from any future bull runs that occur when prices recover once again though – making now an interesting time for those willing to take risks with their investments if done correctly!


In conclusion, while crypto prices have seen some recovery over the last three or four months, current market conditions are still far from ideal with many tokens experiencing significant drops over the past few weeks including two big names: Shiba Inu (SHIB) and Cardano (ADA). However this doesn’t mean there aren’t any profitable opportunities out there – HedgeUp’s successful presale showing just how attractive certain projects can be despite difficult times ahead!