HedgeUp (HDUP) Aims to Be Next to Lead Crypto Market in 2023 as ETH Declines from Boom

HedgeUp (HDUP) Aims to Be Next to Lead Crypto Market in 2023 as ETH Declines from Boom

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Ethereum (ETH) was one of the high-flying cryptocurrencies at the height of the cryptocurrency boom last year. The second largest cryptocurrency by market share hit record highs of $4,891. Even though the rally to all-time highs was due to price speculation, there was never any doubt about the long-term outlook and use case of Ethereum (ETH).

Robust ecosystem of Ethereum

As the world’s first functional blockchain, Ethereum has what it takes to transform various sectors of the global economy. It has become the platform of choice for developers for developing smart contracts and decentralized applications (dApps). The platform now has the largest number of decentralized applications of any cryptocurrency.

With over 3,000 dApps running on Ethereum it claims its edge in the blockchain revolution. DApps are increasingly revolutionizing various industries, from gaming to social media, to financial markets, to the world of the ever-expanding metaverse.

The ever-growing ecosystem affirms Ethereum’s lead in creating real-world utility and increased user adoption in the mainstream sector. Additionally, a transition from the slow, energy-intensive proof-of-work consensus mechanism is expected to improve Ethereum adoption in addressing congestion issues affecting the ecosystem.

While Ethereum’s long-term prospects remain intact, it may also have run its course as its valuation has plummeted significantly. Its native token is down about 60% year-to-date. However, it still trades at a premium for anyone wanting to bet on the gems of the industry.

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HedgeUp Trillion Dollar Opportunity

HedgeUp (HDUP) is the revolutionary new crypto project that aims to transform the world of assets in the years to come. The alternative investment market has been the domain of wealthy investors, given the high investment capital required.

HedgeUp is trying to change all that by bringing awareness and simplicity. They aim to make it easy for all investors to tap into an industry worth over $17 trillion by 2025. HedgeUp hopes to make it easier to invest in alternative commodities such as aviation, gold, fine arts, watches of luxury and wine. Investing in alternative products offers the opportunity to reduce the overall risk of an investment portfolio as these products are less dependent on general market trends. Such products also provide a great way to diversify investment portfolios.

HedgeUp is currently collaborating with various high-end startups and third-party vendors to offer more alternative products. Its experts and professionals also educate people on how to invest in alternative products.

Additionally, HedgeUp intends to tap into fractional ownership schemes to make it easier for people to invest in expensive non-fungible tokens. Through fractional bets, people can own chunks of some of the most expensive NFTs for as little as $1.

The main token that will power the HedgeUp ecosystem by making it easier for people to buy and sell alternative products is HDUP. The deflationary token will pay for transportation costs through the platform. It will also make it easier for people to buy and sell NFTs on the marketplace.

While the platform is still in presale, it continues to garner a lot of attention given the impact it could have on the investment world.

Bottom line

Ethereum has what it takes to explode in 2023 after a steep decline in 2022. The platform remains a favorite blockchain for developing dApps and smart contracts. However, HedgeUp offers a better risk return opportunity as the project trades for pennies but has huge potential to unlock significant opportunities.

For more information about HedgeUP, click on the links below:

Pre-sale registration: https://app.hedgeup.io/sign-up

Official site: https://hedgeup.io

Community Links: https://linktr.ee/hedgeupofficial


Disclaimer: This is a sponsored article and the views contained therein do not represent those of ZyCrypto nor should they be attributed to ZyCrypto. Readers should conduct independent research before taking any action related to the cryptographic company, product, or projects mentioned in this article; nor can this article be considered investment advice.

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