Whales play a big factor in the cryptocurrency market Not only do they have enough money in play to move the needle of a particular crypto token, but numerous smaller fish follow in their wake. This makes their actions even more significant.
1 particular whale is moving assets to HedgeUp (HDUP). Undoubtedly, this will attract other investors along, and for good reason. HedgeUp (HDUP) is positioned to blow up in the year, taking advantage of being the only project in the alternative assets sector.
The combined market capitalization of all digital currencies is around $1.1 trillion. That sounds like a lot, but it pales in comparison to traditional stock exchanges. For instance, the enterprises listed on the NYSE have a combined market capitalization of greater than $25 trillion and that’s just one exchange. Universally, the value of traditional assets far outstrips cryptocurrencies.
As a result of this, it’s much easier for a single individual or a small group to have a tremendous impact on the price of a crypto token. Taking their cue from casinos, people in cryptocurrency refer to these investors as whales. And as a result of how influential these whales are, the rest of us sea creatures tend to follow along in their wake.
This isn’t as a result of envy or wishful thinking. The writing has been on the wall for a long time. As a result of the number they’re playing with, whales do plenty of research before they cause a move. That’s why it should come as no surprise to whales getting on board with HedgeUp.
Decentralized finance (DeFi) is front and center in cryptocurrency. Nonetheless, the team behind HedgeUp (HDUP) is taking the road less travelled. Although while other projects are imitating TradFi functions, HedgeUp (HDUP) is standing alone in the field of alternative assets.
In particular, HedgeUp (HDUP) is designing an ecological system where us little fish can speculate on things we never would have been able to otherwise. And, small and medium investors will be able to diversify their portfolios by purchasing shares in artwork, diamonds, and more.
HedgeUp (HDUP) is making this possible through Non-Fungible Token (NFTs). To numerous people, Non-Fungible Token (NFTs) are just digital art. There are so numerous other use cases than that, though. In this case, HedgeUp (HDUP) will acquire physical assets and create Non-Fungible Token (NFTs) to represent them. The assets will be insured and safely stored, and investors can get started for as little as $1.
Nonetheless, HedgeUp (HDUP) will do much greater than just provide Non-Fungible Token (NFTs), and the HDUP crypto token will be more valuable than just its trading price. Crypto Token holders will likewise be able to engage in governance through HedgeUp (HDUP)’s DAO and benefit from investing masterclasses provided by the blockchain.