The HedgeTrade (HEDG) token has performed better than many big cryptocurrencies in the last year. HEDG token was listed on crypto exchanges beginning in early January of 2019 with the price of $0.14 and has gained a lot of interest from investors in its first year. The HEDG token price is now trading at around $2.40 (21 January 2020).
HEDG token is ranked in the 23rd position on CoinMarketCap and you can learn more about their product on the official website here.
Hedge Token price prediction or you can say Hedge Token forecast is done by applying our in-house deep learning(neural network) algorithm on the historical data of HDG. Based on the historical price input data the system predicts the price of Hedge Token (HDG) for various period of the future.
What is HedgeTrade?
Launched under the motto of championing the revolution of social trading with the help of blockchain technology, the HedgeTrade platform’s fast rise in 2019 took many in the crypto scene by surprise. As of August 2019, the currency was found among the top 50 cryptos, propelled by the promotion of the HedgeTrade decentralized application (dApp).
The app was specifically designed to provide users with cryptocurrency trading analyses, predictions and, as a bonus, educational content. Its main goal is to serve as the bridge between newbies and experienced traders who are often separated by huge knowledge gaps when it comes to social trading. With HedgeTrade, the more experienced users are provided with a platform which allows them to share their knowledge and acquire some HEDG tokens in the process for providing accurate information.
At the same time, the less experienced users are able to purchase the trading predictions, packaged in the form of so-called blueprints, which are further secured by the HedgeTrade smart contracts. In time, the knowledge acquired in this manner should allow these users to engage in professional trading themselves, particularly with the help of the market tools provided by the HedgeTrade for pros and beginners alike. The token sale for the project took place in late 2018, under the auspices of the Rublix company which offers financial technology products paired with the blockchain implementation. Key personnel behind this enterprise includes Dave Waslen (CEO, co-founder), Peter Danihel (lead developer, co-founder) and Frank Danihel (COO).
History of HedgeTrade
HedgeTrade was released on October 17th, 2018, and conducted a quiet ICO where tokens were on sale for $0.02 each. Not much is known about the founders of the project, or the specifics of its ICO, however, the HEDG token has become one of the fastest moving coins in 2019 thus far, surpassing a market cap of $200 million by July 2019.
How Does HedgeTrade Work?
HedgeTrade operates based on the interaction between the blueprints and smart contracts on one hand, and the community members on the other. In this manner, the platform delivers unity of its technological and human capital, all made possible with the help of the blockchain technology.
- The key concept the HedgeTrade revolves around is a blueprint. It is defined as a specific prediction that has been made by a user on a particular financial instrument. Blueprint creation is made possible with the support of the HedgeTrade system, which stores them and performs their evaluation upon the expiry of the date they are relevant for. Once the expiry takes place, HedgeTrade will designate a specific blueprint (prediction) as either correct or incorrect, and distribute appropriate rewards to the prediction makers or the blueprint purchasers accordingly.
- Created blueprints are sent to the HedgeTrade’s smart contracts which are deployed on the blockchain. As such, the saved predictions as well as the creator’s earlier performance record remain resistant to tampering or modifications.
- Upon the creation of a blueprint, users are required to state two target price values, one of them being the entry one and the other the exit value. These will be appraised in relation to a pre-defined date by the HedgeTrade Oracle, which functions as an automated system that appraises the trade results based on the provided information. Evaluations are made based on the external information provided by third parties. In any case, the rewards in case of correct prediction come in form of HEDG tokens sent by any user who purchased a specific blueprint.
- Blueprint purchasers who feel that a particular prediction has some value for them are also entitled to payment in case the purchased prediction is proven to be incorrect upon its expiry. The compensation in HEDG tokens is paid to the initial ten users who purchase a blueprint.
- HedgeTrade features a ranking system called the HedgeTrade Ranking and Score, in which the traders are ranked transparently based on their trading history, the rate of successful predictions and the quality of information they provide. In this manner, HedgeTrade aims to weed out the less reliable blueprint creators and provide the buyers with an easily verifiable system which promotes transparency.
- Creation of a blueprint does not entail an obligatory minimum stake in HEDG tokens. In turn, blueprints submitted without a stake will not be made available/visible for purchase in the HedgeTrade’s Blueprint Market. Yet, they can still improve a creator’s general HedgeTrade Ranking and Score.
HedgeTrade (HEDG) Price Prediction
There are very few cryptocurrencies that are doing well in the crypto market, HedgeTrade is one of them. If we look at the performance graph of this coin then we will come to know that this coin has consistently shown an upward trend since last few weeks. HedgeTrade was launched at the start of this year on 3rd January 2019. At this moment HEDG has completed six months in the market.
Talking about its journey so far it’s been impressive till now as this token is much more stable in the market compared to other cryptocurrencies. This coin was reached to its all-time high value within just two months and then suddenly it drops down. HedgeTrade Price Prediction. But then after this token is promising growth in recent time.
HedgeTrade (HEDG) Price Prediction 2020
The upcoming few years will be very much important from the HEDG point of perspective, as this token will surely get lots of competitors as well as they will have to face many challenges. So in order to keep their performance up to the mark, they need to upgrade their service with time. At this situation, this token is performing pretty well and hopefully, their further journey will continue like this.
Frequently Asked Questions ( FAQs)
Q1. What is the HedgeTrade price today?
The current price of HedgeTrade is 2.596 USD today.
Q2. What is the value of HedgeTrade?
One HedgeTrade (HEDG) is currently worth $2.59 on major cryptocurrency exchanges. You can also exchange one HedgeTrade for 0.00027037 bitcoin(s) on major exchanges. The value (or market capitalization) of all available HedgeTrade in U.S. dollars is $747.44 million.
Q3. What Exchanges can I Buy or trade HedgeTrade?
HedgeTrade can be purchased or sold on the following cryptocurrency exchanges: CoinTiger and Hotbit
Q4. Is it profitable to invest in HedgeTrade?
Yes. The long-term earning potential is +61.81% in one year.
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