Although we’re witnessing the FUD (fear, uncertainty, and doubt) in the crypto market, this may be the best time to pick winning crypto projects at a discount. In short, since prices are low, this may be the perfect moment to choose your investments for 2023. Below, we’ll have a look at the analysts’ top picks: HedgeUp, Quant, and Avalanche.
1. HedgeUp (HDUP)
The NFT market is quickly expanding with lots of projects, and HedgeUp is one of the most promising ones. This platform is based on blockchain technology and aims to bridge the gap between crypto investments and traditional investing strategies.
This project proposes an innovative NFT marketplace where fractionalized, asset-backed NFTs are available for sale in exchange for the native token, HDUP. These NFTs are backed by alternative assets, such as collectables (i.e., luxury watches), lifestyle products (such as yachts), aviation products, and many more.
The best aspect is that you don’t need to worry about the whole cost of investing in a yacht or a luxury watch – the NFTs are fractionalized, so you can invest as much as you want, as long as it is more than $1 worth of HDUP tokens.
The HedgeUp project sits on a gold mine. The alternative investment market is expected to double within the next five years. HedgeUp stands to benefit from this expansion and improve the access to education, so more and more investors get to learn the benefits of diversification and why alternative asset classes are a must for every balanced portfolio.
2. Quant (QNT)
QNT has had a rocky road in 2022, but experts think this may change in 2023. Quant is a blockchain protocol that aims to connect all other blockchain networks. Its revolutionary technology is one-of-a-kind and many are highly optimistic about this project. As of this writing, Quant is one of the top 50 cryptocurrencies in the world. The token allows businesses to cut their costs and lower risks, and it promotes itself as the “future of finance”. Essentially, on this platform, businesses and other parties can safely and securely transfer assets and data using blockchain technology.
3. Avalanche (AVAX)
Avalanche has started to regain some ground in December, but this is not the only reason it’s a top pick for next year. The token is gaining a footing in the market thanks to the many developments of the ecosystem. A mobile version of Core, a multichain wallet that connects DeFi, gaming, and NFT, has been recently released, and it was embraced with optimism by the crypto community. In addition to this, Avalanche has entered into a partnership with Alibaba Cloud, part of the Chinese e-commerce giant, to power its infrastructure in Asia. Given the fact that this is the largest Asian cloud service provider, Avalanche may have a bright year ahead, so crypto investors who haven’t considered AVAX yet may want to shortlist this token.
Bottom line
New crypto projects like HedgeUp can be very lucrative – the market is not fully aware of its huge potential yet, so the opportunities for reward are virtually unlimited. QNT and Avalanche are also worth buying into considering their fundamentals and the clear purposes of their tokens.
Source: https://coinpedia.org/information/analyst-top-3-picks-hedgeup-hdup-quant-qnt-and-avalanche-avax/