Bitcoin (BTC) is the flagship cryptocurrency and poster child of the once-burgeoning sector. The crypto took the world by storm, rising to record highs of $147 in 2013 as interest in the crypto sector exploded. The crypto skyrocketed through the $1,000 barrier and later the $20,000 level affirmed it was no fad. While it did achieve a significant milestone last year, powering to all-time highs of $68,000, it has come down tumbling.
Bitcoins Rally and Dominance
Bitcoin’s fall from grace to below the $20,000 level underscores how risky and volatile cryptocurrencies can be. While they are backed by revolutionary blockchain technology, their inability to remain valuable over a prolonged period always raises serious concerns.
Heading into 2023, Bitcoin remains under pressure as the overall sector grapples with uncertainty. The implosion of the FTT exchange and FTN token weeks after the collapse of the Terra Stablecoin has rattled investors’ sentiments. While it’s clear crypto and blockchain are not going anywhere, the focus is increasingly shifting to projects that have the potential to address real-world issues and introduce new use cases.
HedgeUp and Alternative Investments
HedgeUp (HDUP) is one project that has the potential to storm the world as Bitcoin did in 2013. Unfortunately, heightened volatility only makes many cryptocurrencies reliable investment assets. While most people have shunned the sector due to the elevated volatility, HedgeUp seeks to offer ways of investing in alternative products.
Therefore, HedgeUp is a cryptocurrency project that seeks to enhance awareness of alternative investment markets that offers solid investment opportunities. The game-changing project aims to make it easy for people to access and invest in stable alternative products that, for the longest time, have been the precept of wealthy investors.
Consequently, it has established an Alternative investment platform within the cryptocurrency sphere. The platform will allow people to invest in alternative products like wine, diamonds, aviation, gold, and fine art. The project is working with established and high-end start-ups to facilitate market entry.
HedgeUp and NFT
Its team of experts and professionals with over three years of experience in the alternative market space are negotiating deals with hard-party vendors to provide an array of alternative products to invest in. The products should provide a way of diversifying investment portfolios away from volatile assets like Bitcoin and other cryptocurrencies.
HedgeUp has also tapped the power of non-fungible token (NFT) technology to ensure that assets are minted and stored on the blockchain, making them secure and easy to trade. Additionally, it will leverage the power of fractional ownership, making it easy for people to buy and own a part of highly-priced NFTs.
People could not buy into pricey NFTs and other assets for the longest time because of the high minimum requirement. However, with fractional NFT, you no longer need to own the entire NFT. Instead, you only have to invest a small amount in owning a piece of the NFT and benefiting as its value increases.
HDUP Token
HDUP is the native token at the heart of all operations on the HedgeUp ecosystem. It will act as a medium of exchange, facilitating the buying and selling of alternative products. In addition, it will provide a way to buy and sell in the NFT marketplace.
The HedgeUp native token will also provide a way for people to earn passive income through staking. People who lock their HDUP tokens to help provide liquidity in the marketplaces stand to earn part of the fees generated from the ecosystem. Its value is expected to increase as it is a deflationary token, with the total number of tokens that will ever be in circulation capped at $999M
Bottom line
HedgeUp has what it takes to take the world by storm in 2023 as Bitcoin did in 2013, given its growing utility in the alternative investment market. The project is well poised to resonate with people looking to invest in stable alternative products that have been the domain of wealthy investors for the longest time.
For more information on HedgeUP click the links below:
Presale Sign Up: https://app.hedgeup.io/sign-up
Official Website: https://hedgeup.io
Community Links: https://linktr.ee/hedgeupofficial
