On-chain analysis has revealed that Solana (SOL) and Litecoin (LTC) holders are making the most out of the HedgeUp (HDUP) presale. A crypto analyst has explained the reason for this. 

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Solana (SOL) and Litecoin (LTC) Holders Buying HegdeUp (HDUP)

Recent on-chain information is showing that Solana (SOL) and Litecoin (LTC) holders are buying HedgeUp (HDUP), an ERC-20 token belonging to the Web3 project HedgeUp (HDUP). 

The HedgeUp (HDUP) project has been running a presale for HDUP for a few weeks as an offer to investors to accumulate the token at a discounted price. In return, HedgeUp (HDUP) will use the funds raised to develop a trading platform where people can trade NFTs backed by alternative assets. 

The HedgeUp (HDUP) presale will stretch across eight stages. It’s currently in its second stage. Throughout this stage, the token will be sold for $0.013. Investors also get an additional 30% tokens. So far, the presale has raised around $920k while selling more than 78 million HDUP tokens. 

A significant portion of these tokens were purchased up by holders of Solana (SOL) and Litecoin (LTC). It seems that these investors are trying to diversify their portfolios using HedgeUp (HDUP)

But why choose HedgeUp (HDUP)? An experienced crypto analyst has helped put things into perspective. 

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Why HedgeUp (HDUP) is pulling Solana (SOL) and Litecoin (LTC) investors

The crypto analyst explains that investors buying HedgeUp (HDUP) see it as a potential high flyer. They expect the token to become nearly as big as whatever they’re currently holding, which in this case are Solana (SOL) and Litecoin (LTC). 

Solana (SOL) is one of the biggest cryptocurrencies. It has a total market cap of more than $9 billion, which puts it at number 10 in terms of size. However, it hasn’t been able to live up to the promise it showed when it first launched, at least not yet. 

The cryptocurrency has enjoyed a good few weeks. Currently, Solana (SOL) is trading for $23.53 after growing by 10.63% in the last seven days and 11.89% in the past thirty. 

Litecoin (LTC) hasn’t performed as well, but it hasn’t been particularly bad either. The cryptocurrency, which is number thirteen with a market cap of more than 6.6 billion, has gained 5.16% in the last week to trade at $90.73. 

These are encouraging signs coming into the bull market. But for Solana (SOL) and Litecoin (LTC) holders, it’s not enough. They’re looking to spot the next big thing before the market booms again and, as the analyst puts it, this is leading them to HedgeUp (HDUP). 

HedgeUp (HDUP) has been demonstrating strong indicators of growth. Part of this is because the crypto token is backed by a robust project, which gives it good utility. It’s the native token of a novel platform designed to allow members to invest in alternative assets through NFTs. 

The platform has the potential to shape the crypto and alternative asset markets. This has given investors a lot of confidence in the performance of HedgeUp (HDUP). They are taking advantage of the HedgeUp presale to accumulate HDUP for a discounted price.    

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