Crypto for Beginners: Bitcoin (BTC), Ethereum (ETH), and Web 3.0 Asset Backed HedgeUp (HDUP)3 min read
The popularity of crypto continues apace with more ‘everyday investors’ – many complete novices – enjoying the benefits and rewards.
And while Bitcoin may have heralded the start of disruptive, decentralized finance in 2009, thousands more cryptocurrencies have burst onto the market, each varying in price, availability, demand, transaction speed, fees, and the technology that supports it.
We understand that battling through confusing jargon can feel overwhelming – we also know we can’t tell our customers which crypto to invest in.
But we can keep things simple by curating the best currencies based on market capitalization and their long-term growth potential.
Here are the top three cryptocurrencies currently popular with our new and everyday investors.
HedgeUp (HDUP) is a one-of-a-kind alternative investment platform enabling users to buy and sell fractionalized NFTs backed by premium assets such as wine, gold, diamonds, aviation, fine art and luxury watches.
HedgeUp allows crypto investors to invest in an asset class that was previously missing in the “normal world”.
The platform’s native token, HDUP, will facilitate the buying and selling of alternative products in HegdeUp’s marketplace. For extra security assets are also stored in an insured and licensed vault.
In addition to investing in NFTs and alternative assets, HDUP holders will enjoy many other benefits, such as exclusive access to equity NFT releases, online classes, and staking to earn some passive income.
Staking the HDUP tokens helps in boosting liquidity levels. In return, users who stake their tokens will earn income from fees generated on all transactions on the HedgeUp ecosystem.
The HedgeUp team is showing good faith by locking their tokens for 18 months, ensuring that there will be no rug pulls.
Moreover, they have shown their belief in the platform’s long-term success by passing a full audit by top auditing companies Solidity Finance and CoinSniper.
HedgeUp’s stage two presale is currently taking place, and the tokens are getting a lot of good press. Many crypto analysts have predicted that the token’s worth will do 100x before the end of 2023.
Bitcoin (BTC) is the world’s first decentralized cryptocurrency and payment system, launched in 2009 by an unknown creator known only as Satoshi Nakamoto.
The concept of digital money is quite simple. We are all familiar with sending money from one online bank account to another.
Cryptos such as bitcoin are digital assets that operate like normal currency but with some notable differences. They use peer-to-peer payment methods without third parties taking a cut with every transaction. There are no physical versions of the tokens either.
Each bitcoin is created using an encrypted code, a string of numbers, and letters. The same algorithm used to create the code can be used to “unlock” it.
So far, 2023 has been good for crypto space and investors, with the bitcoin price currently above $22,000. That’s a 40% increase since the start of the year.
Ethereum (ETH) is an open-source, public, blockchain-based distributed computing platform featuring the functionality of smart contracts (scripting).
Ethereum (ETH) was conceived in 2013 by Vitalik Buterin, a computer programmer working on Bitcoin then.
Ethereum has become the second-largest cryptocurrency platform by market capitalization after Bitcoin. A smart contract is a program that runs on the Ethereum blockchain and executes when predetermined conditions are met for funds to be unlocked and transferred.
Ethereum’s aim is to become a platform on which smart contracts and decentralized apps can run. Unlike Bitcoin, where there is a cap of 21 million Bitcoins that you can ever mine, Ethereum has no cap.
Ethereum aims to take blockchains’ decentralized, secure, and open nature and extend those to virtually anything that can be computed.
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