With the ongoing crypto winter and global stock markets in the doldrums, investors are keen to find somewhere they can turn a profit. Two very different cryptocurrencies that can answer these demands for increased wealth are HedgeUp (HDUP) and Dogecoin (DOGE).
HedgeUp (HDUP)
HedgeUp is a new platform that offers investment in alternative products such as wine, fine art, diamonds, aviation, gold, and luxury watches. These items have consistently risen for years – and, in some cases, centuries.
Not only does HedgeUp facilitate investment in these products, but it also lets people buy into the cryptocurrency and NFT market. Furthermore, it makes investing easy and accessible, bridging the gap between traditional and crypto investors.
The platform works by leveraging the technology of the blockchain. HedgeUp’s native token, HDUP, can be used to buy one of its NFTs. Each NFT represents a single asset, like liquor or art, or a basket of assets.
HedgeUp’s top analysts and experts will formulate deals with third-party vendors and hand-pick which assets will likely prove the most profitable. These assets are then stored in a licensed and insured vault.
What makes HedgeUp particularly appealing is that investors don’t have to buy the whole NFT – they can just buy a percentage for as low as a dollar. However, if they own 100%, there is an additional option to have the asset delivered to a registered address.
HedgeUp’s approach means investors can simultaneously get involved in the lucrative crypto and alternative investment markets. Price rises might be slightly slower than Dogecoin, but they will be much less volatile and considerably safer. The ‘basket’ of products is predicted to increase an impressive 28% per annum, but with assets like luxury watches rising 149% in 2022, there is plenty of potential for considerable gains.
Dogecoin (DOGE)
Dogecoin is a meme coin made famous by well-known fans like Elon Musk and Mark Cuban. Since it was created in 2013, it has achieved returns of over 15,000%. It is also notoriously volatile, so investors should remain highly cautious. However, several factors give it considerable value as we advance into 2023.
In May 2021, DOGE reached $0.74 but has since dropped by around 90%, trading between $0.05-0.12 for 2022. That is a considerable discount for a coin that is so well known and has a sizeable and growing community.
A strong influence on Dogecoin’s price has always been the support of Elon Musk, who has named it his favorite cryptocurrency. When he tweets favorably about the coin, its price spikes. This obviously isn’t a good reason to invest, but now he has bought Twitter, its potential has skyrocketed.
On Halloween last year, he tweeted a picture of a Shiba Inu dog, the avatar for Dogecoin, wearing a t-shirt with Twitter’s symbol. The implication is that the site may soon accept DOGE for microtransactions, giving the coin genuine value. If that happens, its popularity and price will shoot up.
HedgeUp (HDUP) and Dogecoin (DOGE) look set to soar in the near future. They both have the potential to make investors incredibly wealthy and should be included in any diversified portfolio.
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
