Top 3 Picks for May: Uniswap (UNI), Filecoin (FIL), and Game Changer HedgeUp (HDUP)

The crypto market is full of interesting and promising utility tokens. For the month of May, we asked several crypto experts to pick the top 3 tokens. They gave us Uniswap (UNI), Filecoin (FIL), and HedgeUp (HDUP).  

UNI is the utility and governance token for the decentralized exchange (DEX) Uniswap (UNI) while  Filecoin (FIL) is the native cryptocurrency of the decentralized storage network  Filecoin (FIL). HedgeUp (HDUP) is bringing alternative investments to crypto investors.

Read on to find out why these were the top picks.

Uniswap (UNI): powering decentralized trading

Uniswap (UNI) is the largest decentralized exchange (DEX). It provides a platform for people to trade ERC-20 tokens directly from their non-custodial crypto wallets. Originally built on Ethereum, the platform has been updated to support several other blockchains. These include Binance Smart Chain (BSC), Arbitrum, Optimism, Polygon, and Celo. 

Uniswap (UNI) is the protocol’s utility and governance token. Holders of the token have voting rights on the platform. They can also use Uniswap (UNI) for liquidity providing, which earns them a share of the DEX’s trading fees, or use it to receive many additional benefits and rewards through a variety of initiatives run by the project. 

Uniswap (UNI) is currently trading for $5.13

Filecoin (FIL): powering decentralized file sharing

Filecoin (FIL) is the native token of the decentralized file-sharing protocol,  Filecoin (FIL). This protocol allows users to share unused hard drive space with a decentralized cloud space. That way, other users can store and retrieve data peer-to-peer rather than relying on a centralized cloud provider like AWS or Azure. 

Filecoin (FIL) serves several purposes within the ecosystem. These include paying for storage space and rewarding participants. Overall, it enjoys strong utility. It is currently trading for $4.41. 

HedgeUp (HDUP): redefining alternative investments

HedgeUp (HDUP) is an alternative assets investment platform. Built on the Ethereum protocol, it is designed to provide an easy and convenient way for users to buy and sell alternative assets and products like jewelry, gold, diamonds, artwork, wines, whiskey, and more. These will be paid for in the project’s internal currency, HDUP.  

The project will operate by tokenizing the products in question. This involves creating NFT representations of the assets and making these NFTs available for investors to trade on the marketplace. Buying one of these NFTs is the equivalent of buying a piece of the underlying assets, which will be kept in a secure and insured vault managed by the HedgeUp team.

Experts agree that HedgeUp (HDUP) will be a game changer in the alternative assets investment market. This is because, through tokenization, the platform will make the market much more accessible to crypto investors, providing them with a less volatile avenue to diversify their investments. 

So, it’s unsurprising that many crypto experts see HDUP as the top utility token of 2023. The token is expected to gain as much as 10,000% before the end of the year. Fortunately for investors, HedgeUp (HDUP) is in presale. This means the token is available to buy at a discounted price– it’s currently being sold for $0.020.

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