Cryptocurrencies underperformed the overall market in 2022. Most investors were left with a sour test as most coins imploded from record highs. The collapse of Terra stablecoin and FTT exchange all but rattled investors’ raising serious questions about the future. Nevertheless, there is no doubt that cryptos are here to stay and that the worst might be over.
XRP Mainstream Financial Adoption
Focus in the sector is increasingly shifting to projects likely to explode as the sell-off dust settles. XRP is one project with a proven use case and utility already arousing interest. On the other hand, HedgeUp is a new project gaining traction owing to its push to enhance access to alternative investments.
While cryptocurrency has many coins and projects, only some can come close to XRP. It stands out for operating as a payment protocol that uses blockchain technology to process international transfers. It is one of the few projects that has already found its way into the mainstream financial sector. Its blockchain network RippleNet is already being used by banks to enable low-cost and superfast cross-border transactions.
Ripple’s ability to process transactions in seconds at some of the lowest costs continues to strengthen its competitive edge. Additionally, its minimal energy consumption makes it environmentally friendly in an era where sustainability is a big issue.
Its native XRP coin came under pressure shedding more than 50% in market value last year. The implosion came against the backdrop of the broader market sell-off. A standoff with the US Securities Exchange also fueled the sell-off.
Nevertheless, XRP is poised to bounce back as the overall industry bounces back, given its proven use case. It is one project well poised to transform any investment portfolio.
HedgeUp Alternative Investments Opportunity
While the focus has been on investing in cryptocurrencies to profit from price appreciation, heightened volatility is increasingly triggering fear among investors. In comes HedgeUp, a cryptocurrency project that seeks to make it easy for people to make money from relatively stable assets away from cryptocurrencies.
HedgeUp plans to show investors there is a way of making money by investing in alternative assets like luxury watches, private jets, gold, diamonds and fine wine. Consequently, it has created a blockchain-powered platform that removes the barriers between traditional investors and crypto investors.
The platform will let people access a wide array of alternative assets that, for the longest time, high-net investors have relied on to diversify their investment portfolios and generate significant returns. With as little as $1, HedgeUp offers an opportunity to invest in various alternative products and generate annual returns of between 28% and 36%.
By leveraging non-fungible token technology, HedgeUp aims to make it easy for people to invest in premium NFTs through fractional stakes. Therefore, people will only have to invest part of the amount to buy an NFT. Instead, one is to own a piece of the NFT depending on the amount invested.
HDUP is the network’s native token that will act as a medium of exchange, facilitating the buying and selling of alternative assets. Additionally, it will facilitate the buying and selling of fractional NFTs in the marketplace.
The total number of HDUP tokens that will ever be in circulation is capped at 999M as one of the ways of ensuring it is never affected by inflation. In addition, HedgeUp will offer staking opportunities allowing people to lock their tokens to strengthen liquidity in the ecosystem. In return, they are to earn some passive income from the fees generated in the ecosystem.
While sentiments in the cryptocurrency sector are at an all-time low, all is not doomed. XRP is an established crypto project poised to bottom out and generate significant value owing to its growing use case and utility in the mainstream financial sector. On the other hand, HedgeUp’s push to enhance access and investments in alternative products is poised to be a game changer which could affirm its long-term prospects and growth metrics.
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
*This article was paid for. The Cryptonomist did not write the article or test the platform.