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

Ethereum (ETH) was one of the cryptocurrencies that was flying high during the height of the crypto boom last year. The second-largest cryptocurrency by market share hit record highs of $4,891. While the rally to an all-time high was driven by price speculation, there were never any doubts about the long-term prospects and use case of Ethereum (ETH).

Robust Ethereum ecosystem

As the world’s first functional blockchain, Ethereum has what it takes to transform various sectors of the global economy. It has become the preferred platform for developers to develop smart contracts and decentralized applications (dApps). The platform now has the highest number of decentralized applications compared to any other crypto.

With over 3,000 dApps running on Ethereum, it is asserting its edge amid the blockchain revolution. DApps are increasingly revolutionizing various industries, from games to social media, financial markets and the ever-changing metaverse world.

The ever-growing ecosystem confirms the advantage of Ethereum in creating real utility and greater user adoption in the mainstream sector. Additionally, a transition from the slow and energy-intensive proof-of-work consensus mechanism is expected to improve Ethereum adoption to address congestion issues affecting the ecosystem.

While Ethereum’s long-term prospects remain intact, it might as well have run its course as its valuation dropped significantly. Its native token is down around 60% since the start of the year. Nonetheless, it still trades at a premium for anyone looking to bet on gems in the industry.

HedgeUp Trillion Dollar Opportunity

HedgeUp (HDUP) is the revolutionary new crypto project that seeks to transform the world of assets for years to come. The alternative investment market has been the dominant market for high net worth investors, given the high investment capital required.

HedgeUp seeks to change all that by bringing awareness and simplicity. They aim to provide all investors with easy access to an industry worth over $17 trillion by 2025. HedgeUp hopes to facilitate investment in alternative commodities such as aviation, gold, fine arts, luxury watches and wine. Investing in alternative products offers the possibility of reducing the overall risk of an investment portfolio because these products are less dependent on major market trends. These products also offer a great way to diversify investment portfolios.

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

Additionally, HedgeUp needs to leverage fractional ownership systems to make it easy for people to invest in expensive non-fungible tokens. Through split ownership, people can own pieces of some of the more expensive NFTs for as little as $1.

The main token that will power the HedgeUp ecosystem, facilitating the buying and selling of alternative products, is HDUP. The deflationary token will pay the transport costs on the platform. It will also allow people to easily buy and sell NFTs in the market.

Although the platform is still in pre-sale, it continues to get a lot of attention given the impact it is likely to have on the investment world.

Conclusion

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

For more information on 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

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