In the coming altcoin news, we can see that many coins have been affected by the changing price of Bitcoin (BTC) before its block reward halving which is set to happen this week. However, there is one altcoin named HedgeTrade (HEDG) which is blossoming lately and posted 5% in gains today as the one-and-only winner in the top 30 list.
But what is HedgeTrade (HEDG) and why does it matter?
As we can all see from its website, the HedgeTrade (HEDG) coin is trying to revolutionize social trading using blockchain technology. This platform hosts the best traders in the world sharing their knowledge. Basically, these traders post their predictions into a smart contract-powered Blueprint which users can purchase or unlock in order to access it.
If the Blueprint is correct, traders are rewarded – otherwise, the purchase is refunded. In the blockchain news, HedgeTrade is one of the most interesting tokens lately, especially considering the fact that it climbed to the 23rd position very soon, outperforming coins such as Zcash (ZEC), IOTA (MIOTA), Cosmos (ATOM) and others.
As the website also shows, the HedgeTrade platform focuses on:
- Aligned Interests – Traders are only earning rewards when submitting accurate predictions about the market.
- Staking Model – You can browse and choose predictions made by traders who staked tokens.
- Profit Oriented – The entire HedgeTrade platform is designed to hedge the risk and maximize profitability by accessing valuable market data.
“How could a coin prosper by utilizing a platform with trading precitions?” – you may be asking yourself.
The truth is, cryptocurrencies now have greater use than anyone would have thought before. In that way, HedgeTrade is meant to revolutionize the use of tips and market insiders. In the future, we could also see the HEDG token being used for these exclusives. For now, the HedgeTrade platform is more than just a prediction market platform – it is a community full of expert forecasters.
The crypto news now show that HedgeTrade (HEDG) is trading at $2.09 at the 23rd position. This time last year, HEDG was trading for small fractions of a cent – and traders who invested in it know the long way this platform has come towards getting where it is right now.
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