SPONSORED POST*
Regulatory issues, banking runs and lawsuits aren’t enough to stop crypto at the moment and the upcoming news of SEC vs Ripple is having bullish effects on the price of Stellar’s (XLM). Litecoin (LTC) is also rising, perhaps due to the halving event this summer, which has traditionally proved bullish for Litecoin (LTC) and the whole crypto market. HedgeUp (HDUP), a new player on the block, is seeking to attract investors to the luxury and alternative asset class, and is in the 2nd stage of presale.
Summary
‘Digital Silver’ is back with Litecoin (LTC)
Litecoin (LTC) has seen quite a lot of volatility over the last 30 days, but is rising in line with the overall crypto market. Ironically regulatory interference is helping Litecoin (LTC), because in the recent case against Binance, the CFTC stated that Litecoin (LTC) is a commodity, which makes it ideal to reclaim the narrative of Litecoin (LTC) being the digital silver to Bitcoin as digital gold.
Litecoin (LTC) recently tweeted a higher than ever hashrate, indicating more activity, which might be linked to these developments, the Ordinals NFT Protocol being deployed on chain, and the fact that the Litecoin (LTC) halving event is tentatively scheduled for August 11th.
Ripple’s younger sibling, Stellar (XLM), profits from the positive news in SEC vs XRP
Stellar’s (XLM) was founded by one of the cofounders of Ripple after a disagreement, and initially was a fork of XRP. Like Ripple, Stellar (XLM)’s mission is to add speed and ease of use to the existing financial system and facilitate payments around the world. Stellar’s (XLM) has partnered with many countries around the world, particularly in Latin America.
Now as Bitcoin (BTC) rises and the market anticipates a win for XRP, this would also be a win for Stellar (XLM), and we can see that the price of Stellar (XLM) has been rising in line with XRP,
HedgeUp (HDUP)’s asset tokenization strategy targets investors new to crypto
Just as Stellar (XLM) tries to help the unbanked by partnering with Teva and other initiatives, HedgeUp (HDUP) attempts to attract traditional investors who have not used crypto or on chain defi platforms and wallets, and offer them something new.
For most of us, being able to invest in luxury goods such as diamonds, whisky, fine art and more, is merely a dream. And this means that we are missing out on a great way to diversify a portfolio, in uncertain times in the wider financial market.
HedgeUp (HDUP) solves this by offering various assets for sale via NFT tokenization. Each asset will be available to an investor as a whole or a fraction, with all the legal data stored in the metadata of the NFT that represents the asset.
As well as appealing to existing crypto investors, HedgeUp (HDUP) wants to target non crypto investors and has a great strategy to do so. HDUP, the native token of HedgeUp (HDUP) is currently for sale at $0.013, and with a minimum launch price of $0.09 and an intriguing concept, this could be a token that moons in the next bull run.
For more information on HedgeUp (HDUP) click the links below:
Telegram Link: https://t.me/HedgeUpChat
Official Website: https://hedgeup.io
*This article was paid for Cryptonomist did not write the article or test the platform.
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