The volatility of cryptocurrencies will undoubtedly be on full display this year. Since December 2021, prices have been low, keeping the normal highs and lows of crypto to a minimum. As the market becomes more bullish, that will change and investors will have the opportunity to take advantage of it.
So, where is the best place to put your money?
Getting that question right could be the difference between making insane amounts of money or having a mediocre performance in 2023. Here’s why we think HedgeUp (HDUP) is the place to hang your hat.
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Pepe (PEPE)
The meme coin based on Pepe the Frog certainly started as though it was shot out of a cannon. However, things have already cooled somewhat for the coin that broke into the Top 50 in less than a month after its release.
As of this writing, it is currently ranked 72nd by market cap. That trend will probably continue and it’s hard to tell where the coin will land and how spikey it will be this year. Since it’s a meme coin, the answer is probably – very spikey.
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RenQ Finance (RENQ)
RenQ Finance just finished its presale, bringing in a respectable $16 million. Now, the project is live with the stated mission of making DeFi easier.
The team behind the blockchain rightly points out that people trying to enter the crypto space are almost forced into the clutches of centralized exchanges (CEXs). While decentralized exchanges (DEXs) are better in just about every way, the learning curve is so steep they aren’t an option to the uninitiated.
Beyond making crypto newbies feel better, RenQ will also be bringing a different set of financial products to DeFi users. Instead of vanilla lending and borrowing, RenQ will offer derivatives and margin trading.
HedgeUp (HDUP)
Like RenQ Finance, HedgeUp (HDUP) is a DeFi project. Also like RenQ, HedgeUp (HDUP) is focused on bringing unique financial products to cryptocurrency. And that is just about where the similarities end.
HedgeUp (HDUP) is the first blockchain to deal with alternative assets. HedgeUp (HDUP) will have an NFT marketplace where the NFTs are backed by real-world luxury items such as art and diamonds. The beautiful part is that investors will be able to own an NFT that represents a slice of the asset. So, just about anyone who wants to will have access to these investments.
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The tale of the tape
Pepe hit hard, grabbed a lot of attention, and settled down. It’s possible that it will continue to experience the volatility that most meme coins do, but often the high points come and go so quickly that retail investors miss out as the whales swim away with the profits.
RenQ Finance has some good-looking use cases lined up. It would be nice to see it become a welcoming portal for new crypto investors but, at the end of the day, all the DeFi products still leave its users trading digital assets.
HedgeUp (HDUP) offers investments in alternative assets, something that most people never get exposed to in or out of crypto. The NFTs are backed by the assets they represent, giving them real value. And that’s just the beginning.
Whether your strategy is about holding or getting in and out fast, HedgeUp (HDUP) is the most appealing place for investments this year, hands down.
Click the links below for more information about HedgeUp (HDUP) presale:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial