Whenever anyone discusses cryptocurrencies or thinks about cryptocurrencies as a whole, twomain projects will typically pop into their head, and these include Bitcoin (BTC) and Ethereum (ETH).
These two are the two largest blockchain-based projects based on their overall market capitalization. They have stood the test of time and have remained on top.
However, HedgeUp (HDUP) is one of the latest projects entering the blockchain space, and its presale might be following in the footsteps of the aforementioned giants. Let’s go over why analysts think this might be the case.
Bitcoin (BTC) is the largest cryptocurrency in terms of market capitalization due to the fact that it established how a blockchain can operate, and solve the "double spending" issue projects before it could not. It paved the way for future projects and introduced the Proof-of-Work (PoW) consensus mechanism. Whenever anyone thinks about crypto, they think about Bitcoin, and that's a well-deserved reputation.
Ethereum (ETH) is considered by many as an evolution over Bitcoin, mainly due to the fact thatit was one of the first blockchains to introduce smart contracts. Through them, Ethereum became the home of many decentralized applications (dApps) and would pave the way for Decentralized Finance (DeFi).
Through the innovation of blockchain technology and the aforementioned smart contracts, people would be able to utilize financial services previously only available through centralized intermediaries. Additionally, the network would also pave the way toward the usage and mainstream appeal of non-fungible tokens (NFTs).
HedgeUp (HDUP) takes the innovation gained from the aforementioned blockchains and takes that technology to the next level.
HedgeUp aims to create the first NFT alternative investment platform and offer users access to a market that was previously inaccessible to them. Additionally, HedgeUp bridges the gap between traditional and cryptocurrency investors.
From fine wine to diamonds, aviation, gold, luxury watches, and even traditional artworks, HedgeUp aims to enable the tokenization and fractionalization of these assets and make them accessible to anyone.
In traditional markets, if anyone wanted to buy, for example, a luxury watch, they would need to invest a lump sum of money for it upfront.
However, if it's in the form of an NFT, it can be fractionalized. This means that investors can make fractional purchases of the aforementioned luxury watch and just buy a specific, smaller percentage of it.
Just by staking $1 worth of HDUP, users can begin making investments in these alternative assets. This means that users do not need to own an entire NFT but can own a percentage.
Fractionalized investing is taking the blockchain space by storm, and HedgeUp is here to leverage this popularity and overall appeal and take it to the next level by creating an NFT marketplace in which users can buy or sell.
Additionally, HDUP as a cryptocurrency has seen a high point of appeal as the cryptocurrency can also be staked.
Community members are incentivized to lock their DHUP tokens in the treasury through staking events, and by doing so, they will contribute towards the liquidity pool and can create a strong market.
HDUP gives anyone entry to the alternative investment asset market for as little as $1, and this, coupled with the additional utility of HDUP, and this is what analysts think puts it in a position to be the next crypto-giant in the blockchain space.
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
Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.