Cryptocurrency is digital money not managed by a central system such as a government. Rather, it is based on blockchain technology, with Bitcoin being the most popular project among them.
As digital money continues gaining traction, more projects become available. There are over 22,000 cryptocurrencies currently on the market.
While you can use crypto tokens to make purchases, most investors treat it as a long-term investment.
However, volatility makes investing in cryptocurrency risky, as demonstrated by last year’s freefall among crypto tokens, including stablecoins pegged to the U.S. dollar. Knowing what you are getting into before you buy in is vital.
These are three top cryptos that are worth investing in 2023.
HedgeUp (HDUP)
Alternative investments have grown tremendously over the past years, accounting for over $14 trillion global market in 2022.
HedgeUp (HDUP) is the world’s first crypto NFT alternative investment marketplace where users can invest in alternative assets such as diamonds, gold, wine, fine art, luxury watches, yachts, and private jets.
HedgeUp plans to achieve this by creating fractionalized NFTs with real-world luxury assets. These NFTs can be bought wholly or partially. Essentially, HedgeUp will tokenize this industry, giving an investment opportunity to everyone.
HedgeUp will offer users various benefits and rewards, such as exclusive access to equity NFT releases, bonuses and staking rewards, and access to online master classes.
With HedgeUp, investors are assured of the safety of their funds as the company has completed an audit through top auditing firms, Solidity Finance and CoinSniper.
The team behind HedgeUp will also put a lock on team tokens for 18 months and moderately release them to the shared wallet once a month for 18 months after the agreed lock-in period. This is proof that HedgeUp is here to stay!
Investing early in an innovative project is the perfect combination to make lots of profit. And with HedgeUp, that notion rings true.
Due to the high demand for HedgeUp native token, HDUP, during the ongoing presale, many crypto experts forecast that the token price may reach 1000x by the end of 2023.
Ethereum (ETH)
Ethereum is the second-biggest cryptocurrency after Bitcoin. It is a blockchain-powered platform for creating decentralized applications (dapps).
Ethereum is a decentralized network for running smart contracts—code that runs on a peer-to-peer network and is verified by Ethereum’s blockchain.
The idea is to create secure, transparent, and censorship-resistant applications since they do not rely on centralized platforms.
Ethereum can be used as the underlying software layer for everything from decentralized finance (DeFi) applications to “play-to-earn” games using non-fungible tokens (NFTs).
Ultimately, many believe that Ethereum could underpin a reimagining of how the internet works, dubbed “Web3,” in which internet control is disintermediated away from big companies such as Facebook and Amazon.
Binance (BNB)
Binance (BNB) began as an ERC-20 standard token built on the Ethereum blockchain. It is a native token of the Binance ecosystem that powers the BNB Chain ecosystem.
The project was launched in 2017 through an initial coin offering (ICO) as an asset for users of the new exchange to pay fewer trading fees.
Within a year, it gave its early investors a whopping 1,300% return. Fueled by this blazing performance, Binance Coin’s popularity rose quickly, making it a favorite in the crypto market.
BNB coin powers operations in the Binance ecosystem. Among other things, the coin was designed to pay listing, exchange, trading fees, and other expenses users incur on the Binance exchange.
In 2021, the Ethereum network battled with congestion from a high traffic volume, and its gas fees for transactions went up rapidly. Because of the network’s slow speed, developers faced transaction issues.
To solve this issue, Binance switched to the BNB Beacon Chain because of its fast transaction processing and cheaper gas fees. The use of the BNB Beacon Chain increased, and the BNB coin gained popularity.
Since then, Binance’s role has expanded beyond just a digital asset exchange, and BNB remains an integral part of the Binance ecosystem and crypto world.
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
