This week has seen different signals in different investment markets. Apple shares have been making slow but steady progress in the mainstream market despite the prevailing bear market. In the crypto markets, however, Shiba Inu (SHIB) continues to feel the effects of the crypto winter while the token HedgeUp (HDUP) is rising to offer 300% returns.
Apple shares make steady progress
Apple Inc. is the corporation behind one of the most iconic brands ever created. It is a multinational technology company headquartered in California. According to data from Google Finance, it was the largest company by market capitalization at the end of the last quarter.
The company’s stocks hold a prestigious position in the stock market due to its consistently good performance. However, for a four-month period, its share price started a negative trend that saw it drop from around $174 on August 17, 2022, to around $125 in the first week of January.
Since then, Apple’s shares have been on a slow but steady path to recovery. Its share price has increased and now stands at $172.82. This price represents a 14.37% gain in the last six months and is less than two dollars below the highest price achieved over the last year.
Apple’s trend over the past six months is a clear indication that financial markets around the world are recovering.
Shiba Inu price drops
It seems that Shiba Inu (SHIB) received the memo on recovering prices quite late. The meme coin’s price has taken a hit in the last three months, falling from a price of $0.00001340 to trade at $0.000008651.
Data from Coingecko shows that Shiba Inu’s (SHIB) current price is 15.7% less than what it was a month ago. The token’s poor performance is likely because SHIB is a meme coin with little real utility.
This is evidenced by the fact that tokens with utility, like Ethereum (ETH) and Binance Coin (BNB), have made slight gains or remained relatively stable over the same period.
There is hope that things will take a positive turn for Shiba Inu (SHIB) come the bull market. However, it may not perform as well as the more utility-focused altcoins.
Speaking of utility-focused altcoins, the presale token HedgeUp (HDUP) is on track to record 300% returns.
HedgeUp (HDUP) presale rallies 300%
The DeFi project HedgeUp (HDUP) is bringing alternative assets to everyday people. The presale started with a price of $0.009. Now, it’s halfway through the third stage, where it is selling for $0.020.
HedgeUp has already sold 128 million HDUP tokens and plans to sell 30.7 million more for the remainder of the stage. Once it reaches its funding goal of $3.34 million, the presale will raise the price to $0.036 for the next stage.
This price is 400% of the presale launch price. So, the presale is on track to reach 300% gains in the coming week or two.
Find out more about the HedgeUp (HDUP) presale here:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
