HedgeUp (HDUP) has managed to outpace industry staples Dogecoin (DOGE) and Solana (SOL) with 240% profit gains.
A report published by Galaxy Research shows that venture capitalist (VC) funding has reached a 2-year low. Galaxy Research is the research arm of Galaxy Digital, which is a crypto investment firm.
Even in that environment, HedgeUp (HDUP) has managed to outpace industry staples Dogecoin (DOGE) and Solana (SOL) with 240% profit gains.
Crypto VC Funding is at Its Lowest Since Q4 2020
A new report published by Galaxy Research, the research arm of Galaxy Digital, has revealed that crypto VC funding has significantly declined. According to the report published on April 11, venture capital funds invested a total of $2.4 billion in crypto startups and protocols in Q1 2023.
This may look like a considerable sum, however, it represents the lowest VC investment of any quarter since the last quarter of 2020. It is also 80% less than what came in a year ago in the first quarter of 2022. In Q1 2022, VC investors injected nearly $13 billion into the crypto industry, the highest of any quarter ever.
That record has yet to be beaten because, since then, VC funding per quarter has been on the decline. This decline can be attributed to several factors. Chief among them is the falling crypto prices. There is also the recent string of dramatic collapses of huge crypto funds.
According to the report’s writer, Alex Thorn, there is more. Whatever happens in the crypto VC scene also mirrors the broader VC market. The rising cost of capital due to interest rates has certainly played a role in reducing the size of investments.
Fortunately, it is not all doom and gloom. The number of crypto investment deals has gone up by 19%. Q1 of 2023 registered 439 deals, 73 more than the 366 deals from the last quarter of 2022. However, the report also shows that the median deal size dropped during the same period.
HedgeUp (HDUP) Defies the Odds with Huge Profit
HedgeUp (HDUP) is bringing alternative asset investment to a whole new group of people. The project will tokenize art, high-end watches, gold, and more. Through HedgeUp (HDUP), investors who might not otherwise have access to those items will be able to purchase a fractional share of them.
The HedgeUp (HDUP) project token has, in recent weeks, demonstrated excellent performance in its presale. This is down to the sheer amount of investor interest it’s attracting.
The HedgeUp (HDUP) token is currently nearing the end of the second stage of the presale, where it has been selling for $0.013. Investors who bought the token early are already assured of a 240% profit. And in the next stage, when the price jumps to $0.020, early adopters can expect even more profit.
Overall, the HedgeUp (HDUP) token has outpaced the likes of Dogecoin (DOGE) and Solana (SOL). Dogecoin (DOGE) has had an average couple of weeks. The cryptocurrency is currently trading at $0.077, this represents a price increase of 1.64% in the last 7 days.
Solana (SOL) hasn’t fared any better. Today, the cryptocurrency is trading at $21.41.
Find out more about the HedgeUp (HDUP) presale here: Website, Telegram, Twitter.