Apecoin (APE) Loses Steam as HedgeUp (HDUP) Gains Momentum

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As the Federal Reserve raises interest rates to battle inflation, the value of cryptos has fallen sharply. The poisonous atmosphere has overcome all kinds of risky investment assets, even highly valued tech companies.

However, cryptos have been particularly badly hit in 2022, with Bitcoin losing more than a third of its value. Ether dropped more than 50 percent and the list can go on. But crypto is not going away, and investing in the correct token now rather than later.

This is why many investors are excited about the relatively new crypto project, HedgeUp (HDUP), which is still in its presale and looking to outperform many crypto tokens such as Apecoin (APE).

ApeCoin (APE) is the utility and governance token of the APE ecosystem. It is a decentralized platform that supports the APE community.

APE is an ERC-20 token with a total supply of one billion tokens. The community controls it. The ApeCoin DAO is a decentralized network that allows all $APE holders to vote on governance decisions related to the token.

In addition, APE has been adopted by Yuga Labs as the primary token for all new products and services. 

Yuga Labs is the creator of the Bored Ape Yacht Club (BAYC) NFT collections. It also owns the IP of two popular NFT projects, CryptoPunks and Meebits.

ApeCoin is a high-risk crypto investment that has the potential to provide astronomical returns. In the short term, there is likely to be high volatility due to speculation that Yuga Lab's "Otherside" virtual land sale will be priced in APE. As a result, prudent investors may wait for ApeCoin to stabilize before entering if high volatility persists.

HedgeUp is the first