Altcoins typically provide the best returns. Just look at the last bull run, which saw the likes of Shiba Inu (SHIB) and Dogecoin (DOGE) blow Bitcoin (BTC) and Ethereum (ETH) out of the water with massive returns. Now, the market has been slowly but steadily recovering and investors are looking for that altcoin that will change their lives.
We asked experts to compare three promising altcoins – Arbitrum (ABR), Render Token, and HedgeUp (HDUP). All these are backed by really innovative projects.
Arbitrum (ABR): scaling the Ethereum protocol
ABR is the utility token of the Ethereum layer two scaling solution, Arbitrum. This solution is designed to improve the scalability and throughput of Ethereum in order to allow for cheaper and faster transactions. It is developed by the blockchain company Offchain Labs.
The Arbitrum (ABR) token was released to users through airdrops to much fanfare. The hype caused its price to rise to an ATH of $8.67 almost immediately after launch. But this didn’t last long – ABR’s value dropped sharply within a matter of hours.
Now, Arbitrum (ABR) is trading at $1.20, which is more in keeping with the price at which it launched. It has gained 3.5% over the last seven days and is set to gain more before the end of the year.
Render (RNDR): decentralized GPU-based rendering
RNDR is the native token of the Render Network. This is a novel protocol in Web3 that provides users with decentralized GPU rendering solutions. Users register their idle GPUs on the network. These are then made available to other people, who use them for animation, VFX rendering, etc., and pay for them with RNDR tokens.
Render (RNDR) was launched in late 2020, had a good 2021, and is currently gearing up to recover from the crypto winter. Its price today stands at $2.70, a 13% increase in the last week and close to a 50% gain in the last two weeks.
HedgeUp (HDUP): supporting alternative Investments
HDUP is the internal currency of the Web3 project, HedgeUp (HDUP). This is a project designing a platform that lets its users invest in alternative asset classes like valuable artwork, precious metals, luxury jewelry, and more.
Investing in HedgeUp (HDUP) involves buying and selling asset-backed NFTs using HDUP. The token will also pay for trading fees and bid at NFT auctions. Furthermore, HDUP holders will receive a wide variety of benefits and privileges in the wider HedgeUp (HDUP) ecosystem.
This has led some experts to christen HDUP the title of utility token of the year. Thus, projections for the token’s performance are very promising. According to some crypto analysts, HedgeUp (HDUP) will gain 3,000% before the end of the year. Others put that number closer to 10,000%.
So, where can you get this token?
HedgeUp is in presale. The project is selling HDUP to investors to raise money for the development of their platform. It is currently in the third phase, where it’s selling the token for $0.02.
Given HDUP’s projected success, the presale has been selling out extremely quickly. Therefore, investors who want to take advantage of this offer are encouraged to move fast.
Click the links below for more information about HedgeUp (HDUP) presale:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
