Monero (XMR) Devotees Follow the HedgeUp (HDUP) Craze

Partner Content

oi-Oneindia Staff

Alternative
investments
could
be
the
answer
to
the
heightened
volatility
and
implosion
experienced
in
the
cryptocurrency
sector
in
2022.
While
fear
has
gripped
the
sector
following
the
collapse
of
Terra
stable
coin
and
FTX
exchange,
the
need
to
invest
and
diversify
investment
portfolios
on
stable
assets
has
never
been
truer.
HedgeUp
(HDUP)
is
one
project
that
seeks
to
revolutionize
the
alternative
investment
market
as
it
continues
to
make
its
case
against
Monero
(XMR).

Monero
Collapse
Monero
was
once
the
fifth
largest
cryptocurrency
by
market
value
playing
in
the
same
field
as
Bitcoin.
However,
despite
posting
significant
growth,
the
privacy
crypto
project
is
a
shadow
of
its
former
glory,
it
fell
below
the
top
20
popular
crypto
projects
as
it
continues
to
underperform
the
overall
sector.

Nevertheless
Monero’s
reputation
for
ensuring
untraceable
transactions
has
made
it
a
cryptocurrency
of
choice
for
illegal
and
illicit
activities.
Its
usage
in
money
laundering
or
illegal
financing
activities
has
often
been
scrutinized
worldwide.
The
United
States
IRS
has
previously
offered
a
bounty
to
anyone
who
could
crack
it.
The
increased
regulatory
scrutiny
might
explain
why
the
coin
has
underperformed
in
recent
years
as
its
transition
into
the
mainstream
sector
remains
curtailed.

HedgeUp
Alternative
Investment
Edge
HedgeUp
is
a
new
project
with
no
problem
going
mainstream
and
revolutionizing
a
$17.2
trillion
alternative
investment
market.
Alternative
investments
have
been
the
precept
of
filthy-rich
investors
for
the
longest
time.
As
investors
look
for
ways
to
diversify
their
investment
portfolio
and
gain
exposure
to
stable
assets,
HedgeUp
remains
well-positioned
to
capitalize.

HedgeUp
is
a
cryptocurrency
project
that
seeks
to
bridge
the
gap
between
traditional
and
cryptocurrency
investors.
Consequently,
it
has
unveiled
a
blockchain-powered
platform
that
will
make
it
easier
for
regular
investors
to
invest
in
priced
alternative
products.

In
return,
investors
should
be
able
to
invest
in
alternative
asset
classes
such
s
fine
art,
diamonds,
wine,
aviation
and
gold.
Some
benefits
investors
stand
to
enjoy
include
low
volatility,
as
alternative
products
rely
less
on
broad
market
trends.
Consequently,
the
products
should
reduce
the
overall
risk
to
an
investment
portfolio.
In
addition,
investors
should
be
able
to
diversify
their
investment
portfolio
away
from
cryptocurrencies
and
other
mainstream
assets
while
standing
a
chance
of
earning
between
28%
and
36%
in
annual
returns.

NFT
Opportunity
HedgeUp
also
plans
to
empower
investors
to
invest
in
non-fungible
tokens.
For
the
longest
time,
people
have
been
unable
to
invest
in
highly-priced
NFTs,
going
for
thousands
of
dollars.
By
offering
a
fractional
stake
ownership
structure,
HedgeUp
should
allow
investors
to
invest
as
little
as
$1
to
own
of
apiece
of
their
favorite
NFTs.
In
addition,
unveiling
an
NFT
marketplace
should
make
it
easy
for
people
to
buy
and
sell
NFTs
and
consequently
speculate
on
their
price.

HDUP
Token
HDUP
is
the
token
that
will
make
everything
possible
in
the
HedgeUp
ecosystem.
The
token
is
to
facilitate
the
buying
and
selling
of
alternative
products
and
NFTs.
While
acting
as
a
medium
of
exchange,
token
holders
can
vote
on
the
direction
HedgeUp
takes
as
the
project
is
integrated
as
a
DAO.
HedgeUp
DAO
will
operate
to
protect
the
decentralized
community
while
ensuring
fair
play
at
all
times.
All
members
will
have
the
opportunity
to
join
the
network
and
express
their
opinion.

HedgeUp
also
plans
to
cooperate
with
major
metaverse
companies
to
enhance
trading
communication
in
the
network.
Consequently,
it
is
to
create
a
platform
whereby
institutions
interact
through
SocialFi.

Bottom
line
While
sentiments
in
the
cryptocurrency
sector
have
taken
a
significant
hit,
there
are
still
projects
with
tremendous
upside
potential.
HedgeUp
is
one
project
well
positioned
to
outperform
Monero
and
the
overall
industry
as
it
moves
to
provide
exposure
to
the
$17.2
trillion
opportunity
in
the
alternative
market.