Binance is currently the largest centralized crypto exchange (CEX). The platform is used by millions of people worldwide to trade and invest in cryptocurrencies. Additionally, it’s responsible for the launch of the BNB blockchain and it’s cryptocurrency, BNB.
On the decentralized side of things, we have the alternative investment platform, HedgeUp (HDUP). Hedgeup (HDUP) is one of the most exciting decentralized finance (DeFi) projects. Its platform token is HDUP.
How does BNB compare to HDUP as an investment?
BNB over the years and its potential
BNB is a cryptocurrency that’s created and issued by the crypto exchange Binance. It was created in July 2017 and is native to the Binance Chain blockchain.
Binance (BNB) has been one of the top-performing cryptocurrencies since its inception. When it launched, the token was worth around $0.10. Now, it is worth around $331.40. This represents a growth of 33,000%, and that’s not even its peak price.
Between its launch and now, Binance (BNB) has gone on to achieve an all-time high (ATH) price of around $690. Experts believe that the token will top that price in the next bull cycle. But does that make it the better investment if you had $1000?
Let’s take a look.
Binance (BNB) costs a lot. It’s not as much as ether (ETH) and nowhere near bitcoin (BTC), but $330 is more than the average cryptocurrency is worth. $1000 will only get you 3 BNB tokens.
Furthermore, the Binance (BNB) token is one of the more mature cryptocurrencies in the market. This means that while it will still grow, its phase of rapid growth is over. The best predictions put it at $5,000 in the next decade. So, your $1,000 will grow to just over $15,000.
That’s okay, but nowhere near the 33,000% growth, the token has had in the past half a decade. And if you factor in inflation, it’s not that big of a return. Therefore, it’s certainly not the best you can make from your $1,000.
The best time to invest in BNB would’ve been a few years ago.
HDUP Shows Immense Potential for Growth
The HedgeUp (HDUP) token is the internal currency of HedgUP’s alternative investment platform. HedgeUp (HDUP) is the only platform of its kind in the web3 space. It is designed to allow people to invest in alternative assets, like luxury watches, valuable jewellery, gold, diamonds, and more, through NFTs.
Experts put this project among the top financial innovations of the next decade. What this means is that the HedgeUp (HDUP) token has immense potential for growth.
HedgeUp (HDUP) is currently in its presale phase. The token is available to interested investors for $0.013. This is quite cheap. With a thousand dollars, you could get 76,923 HDUP tokens.
But the best part is in the returns. HedgeUp(HDUP) is yet to reach its phase of rapid growth. This means that the best time to buy the token is now. Estimates say that it could do 30x in the summer bull run and probably more.
So, your $1,000 could turn into $30,000 in a few months compared to BNB’s $15,000 in a decade.
Find out more about the HedgeUp presale here:
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