There have been some significant happenings in crypto recently. These include an increase in Shiba Inu’s (SHIB) trading activity despite the meme coin continuing to trade in the red. On Ethereum, things took a bit of a dramatic turn when one of the protocol’s co-founders accused another co-founder of building nothing for Ethereum.
In more positive news, the presale token HedgeUp (HDUP) has raised $1.8 million in stage 3. It is on track to become one of the best-selling presales of recent times.
Shiba Inu (SHIB) trading volume increases
Shiba Inu (SHIB) has seen a recent spike in trading volume. The meme coin started the week with a trading volume of $90.77 million. Over the past six days, this number has consistently risen, going on to peak at $124,948,351 on Friday.
This is despite Shiba Inu’s price decline in recent weeks. SHIB currently trades at $0.000008773. The token has also lost 20% of its value in the last month.
Fabian Vogelsteller stands by Cardano’s founder building nothing for Ethereum
A couple of weeks ago Fabian Vogelstellar, an Ethereum co-founder, claimed that Charles Hoskinson, another Ethereum co-founder, contributed nothing to the development of the Ethereum protocol. Vogelstellar claimed that Hoskinson only happened to be at the right place at the right time, just ‘hanging out.’
Vogestellar would later stand by his comments, adding that ‘the facts are staying facts no matter what anyone likes or not.’
HedgeUp (HDUP) raises $1.8M in stage 3 presale
HedgeUp (HDUP) presale has been a success since it went live. In just a matter of weeks, the presale has reached stage 3, raising $1.8 million. This milestone was reached after the presale sold more than 127 million tokens in this stage and the previous two.
The presale’s goal is to raise funds for the development of a platform where people can invest in alternative asset classes. The HedgeUp (HDUP) platform will leverage blockchain technology to tokenize products like diamonds, gold, watches, artwork, and more into NFT which can then be bought and stored on-chain.
HedgeUp (HDUP)’s goal for stage three is to raise $3.34 million. So, they’re halfway there at this point, with around $1.6 million to go. While this may look like a long way off, HedgeUp only needs to sell 33.64 million tokens at the current price of $0.020. Given the volume of tokens the project has already sold, it’s only a matter of time before these are sold out.
Once that happens, the presale will move on to the next stage, set a new funding goal, and raise HDUP’s price. The price of the next stage is set at $0.036. So for interested investors, now is the best time to buy as the price will only go higher from here.
Find out more about the HedgeUp (HDUP) presale here:
Read More: Crypto News Flash: Shiba Inu (SHIB) Trading Volume Increases This Week, Fabian