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As expected, 2023 is shaping up to be an interesting year for crypto. But, not in the way that most people expected. At least, not yet.
With all the scandals last year among centralized blockchain projects, many people thought that this year would see a cleaner playing field more or less free from outside disruption. On a positive note, scandals within the crypto community haven’t been a problem like they were last year.
Unfortunately, in America, the Securities and Exchange Commission (SEC) has been stirring the pot and shaking investor confidence. At the same time, the European Union passed Markets in Crypto Assets (MiCA) which hems in certain cryptocurrency-related activities.
But, crypto projects and enthusiasts have an agility that governments just can’t match. Several projects are pivoting to dance around the regulations, while others are already set up to be resistant to them. Two cryptocurrencies in the latter category are HedgeUp (HDUP) and Shiba Inu (SHIB).
HedgeUp (HDUP)
Many pundits predicted that the crypto winter of 2022 would thaw along with the Spring weather. Other than a brief uptick in April, it didn’t. That hasn’t stopped HedgeUp from plowing through its presale, though.
The team behind HedgeUp (HDUP) has the crazy idea that crypto investors want to make money and would also like to do it in the least volatile way possible. Weird, huh?
Well, if that’s the case, HedgeUp (HDUP) has what they need. The new DeFi project is taking the road less traveled. By using NFTs, HedgeUp is tokenizing luxury assets such as diamonds and artwork. Previously, only the wealthy could speculate on these due to the high cost of entry. Now, anyone can buy an NFT that is backed by one of these alternative assets.
The assets themselves will be insured and safely stored by HedgeUp, guaranteeing the long-term value of the NFTs they represent.
In light of the aggressive behavior of the EU and the SEC, this is great news for crypto investors. Both in America and abroad, NFTs have largely been excluded from regulation. This may stem from the fact that they are still an unknown quantity in crypto. It could also be because, until recently, NFTs have primarily just been digital collectibles.
Either way, we can see from the attention HedgeUp (HDUP) has been getting that investors don’t want governments sticking their noses too far under the crypto tent.
HedgeUp is right on the cusp of finishing the first half of its presale. Right now, HedgeUp (HDUP) is selling for $0.036, 4x what it began the presale at. Investors from around the world are still jumping on board though, since this is only the beginning.
Shiba Inu (SHIB)
The number two meme coin, Shiba Inu, still has its sights on getting to the number one spot. To do that, it will have to pass its rival, Dogecoin. That’s a pretty tall order since DOGE has twice the market capitalization as SHIB.
That isn’t to say that it can’t be done though.
Like HedgeUp (HDUP), Shiba Inu is also in the NFT game. For a while now, the meme coin has been adding utility to SHIB, including an NFT marketplace that accepts the token. If government crackdowns continue, that could give Shiba Inu the head of steam it needs to pass Dogecoin.
For more information about HedgeUp (HDUP) presale use the links down below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
