High inflation erased many people’s wealth. One way to protect against inflation is opting for alternative investments, such as diamonds, gold, or fine art, which retain their value and have a positive performance during inflationary periods. While this option has always been available to traditional, high-net-worth individuals, crypto investors and those with lower capital could not add such investments to their holdings.
Yet, everything is about to change thanks to HedgeUp – which is why it’s quickly emerging as a leading player in crypto while established crypto projects like Ripple still struggle to gain traction.
HedgeUp Is a Top Buy in 2023
HedgeUp is a flourishing crypto project thanks to its innovative blockchain technology. Using NFTs available for purchase via the native token, HDUP, the platform will allow investors to access a broad array of alternative assets, including luxury watches, yachts, or even private jets.
NFT technology means that you can own a fraction of the asset – so you don’t need to have all the money required to own a private jet, but instead you can invest as little as $1 and diversify your portfolio.
Intuitively, HedgeUp is disrupting both traditional investment and crypto worlds, combining the best of the two – the benefits of alternative assets with blockchain technology’s transparency, security, and cost-efficiency.
Alternative investments have always provided a hedge when the markets go down. These assets are less volatile and usually benefit from rising inflation, so the innovative platform makes them available to everyone without worrying about high prices.
Not to mention, all HDUP token holders will have many other advantages, including rewards for staking the tokens and receiving voting rights, which means they can directly participate in the platform’s bright future.
Ripple Struggles to Gain Traction
Ripple shed considerable value in December and crypto experts remain relatively reserved regarding its future. One aspect that could change the project’s direction is the ruling in the Ripple vs SEC case, which is now in the third year of debate.
Uncertainty over the ruling is one of the reasons why Ripple struggles to gain traction. In addition, the network growth has reached some of its lowest points to date, which means that the token users avoid transactions on the Ripple network.
On the good side, Ripple aims to establish a better payment system than SWIFT, which could come as a massive move in a world dependent on fast, secure international transfers, which are currently extremely expensive – this is because SWIFT needs to go through currency exchanges, which is costly and time-consuming.
Whether Ripple gains traction in 2023 may eventually depend on the outcome of the legal battle. Yet, like many other traditional crypto projects, XRP may have a long way to go before rewarding its investors.
Bottom Line
HedgeUp is an exciting crypto project that enters the market at the right time, when most individuals struggle with rising prices and eroding wealth. This platform makes it easy to diversify your investment and add inflation-friendly assets that will hedge your portfolio against market volatility.
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
Source: https://www.cryptopolitan.com/hedgeup-hdup-emerges-as-a-leading-player-in-crypto-as-ripple-xrp-struggles-to-gain-traction/