Leaving the ghosts of 2022 behind, the global cryptocurrencies rang in the new year on a positive note as they clocked a market capitalization of $807.17 billion. The figure reflects the change in the stance of crypto users who no longer stand on the fence or are shying away from innovative products. As blockchain innovators roll out new products, crypto users enthusiastically embrace them. Take the case of HedgeUp ($HDUP), Ripple ($XRP), and The Sandbox ($SAND). All three cryptocurrency platforms have been driving impact by enabling users to do more than just invest.
HedgeUp: How alternative investment products are catalyzing crypto markets
Powered by blockchain technology, HedgeUp opens up a new opportunity for cryptocurrency users by enabling them to access alternative investment products. The platform fills a gap because crypto users were often cut off from mainstream investment.
Plus, as the global market of alternative investment products like wine, luxury watches, gold, and aviation touches new highs, HedgeUp users can explore opportunities even in international markets. The reason why HedgeUp has been making waves in the market is two-fold. For starters, with alternative investment products, the platform acts as a hedge against economic factors like market volatility. HedgeUp offers its users a basket of alternative products that diversify one’s portfolio that has the potential to enhance returns.
The platform has also launched a native token called $HDUP, which is used for all kinds of transactional uses on the network, including staking, accessing voting rights, and earning rewards. The $HDUP cryptocurrency will be made available on presale for buyers. Crypto users will also be able to purchase the $HDUP tokens through exchanges in the future. While the team will not tax the purchase of the $HDUP tokens, it will be charging a 5% tax on the sale of these tokens.
How Ripple is driving financial inclusion in African countries
Backed by blockchain technology that has been honed for years, Ripple rolled out its enterprise-grade solutions for businesses and entrepreneurs that are more cost-effective and transparent than traditional financial services. It has rolled out a native cryptocurrency known as $XRP, which comes in handy while dealing with various transactional obligations on the network. With these services, users can look forward to advantages like the ease in sourcing cryptocurrencies, faster transactions, reduced capital requirements, higher revenues, and new audience groups to target. With Ripple, users can access an all-in-one platform to ensure ample crypto liquidity for their business operations. The platform also helps financial institutions to launch secure and scalable central bank digital currencies that comply with global security guidelines.
The platform’s partnership with MFS Africa is one of the many stories of how Ripple has provided innovative solutions for its users. By teaming up with the mobile payment gateway, Ripple enables seamless real-time transactions for users in 35 African nations that are not just quick but affordable. The decentralized platform’s on-demand liquidity (ODL) solutions remove bottlenecks in cross-border payments due to legacy issues like high fees, lagging settlement times, and lack of access to quality banking services.
The Sandbox to launch a new feature HUB for partner agencies and studios
The Sandbox is a decentralized gaming-based network wherein users can monetize their voxel assets and gaming experiences on the platform. The platform has launched a native token called $SAND for facilitating various transactional uses on the network. The platform is built on the Ethereum blockchain. It offers users access to free software like GameMaker and VoxEdit, which can be used by players, artists, and game designers to create new assets and gaming experiences. VoxEdit is an easy-to-use voxel modeling tool for creating free assets and non-fungible tokens, while GameMaker enables users to create games without requiring coding.
In 2023, the platform has planned a range of activities to boost its revenue and audience reach. For starters, it plans to drive more business with the launch of HUB, which will enable studios and agencies to access information and launch the Partners Directory to match the brands that best suit their expertise. Plus, it will bring out more fun content and experiences with its Game Marker V0.8 and enable game designers to create more tools in new languages. It will also build a new content series encouraging new brands and partners to join The Sandbox ecosystem.
If you compare The Sandbox, HedgeUp, and Ripple tokens, you will notice that despite the difference in their use cases, they are trendy among crypto users. However, if you compare them from the view of growth potential, you will see that HedgeUp has the upper hand. By incentivizing its users to participate and opening up a new market to crypto users, HedgeUp has the potential to deliver massive gains in the long term.
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
