Both crypto projects, Cardano and Solana, have faced many difficulties this year that have negatively impacted their value for different reasons. Investors have become more skeptical of both crypto coins and started looking for new investment possibilities that can gain the highest investment returns. Therefore, it is important to consider some new crypto projects that can provide many benefits to investors, such HedgeUP.
Solana and Cardano Are Lagging Behind – Time for a New Crypto Project?
Both the FTX crypto exchange and Alameda Research trading firm, which were owned by Sam Bankman-Fried, have heavily supported the Solana ecosystem and were influential in Solana’s growth for many years.
However, the current bear market conditions and the FTX-triggered crypto collapse have negatively impacted the Solana price. According to an FTX balance sheet, the crypto exchange held $982 million in SOL tokens. Thus, it has caused an abrupt price collapse as the token price has dropped significantly by over 58%.
The price of Cardano’s native token has also experienced a significant drop of over 80% year-to-date due to several reasons, including the overall decline of the crypto market, the negative impact of the recent FTX collapse, and liquidity issues associated with the Digital Currency Group (DCG).
How to Protect Your Portfolio with HedgeUp
Diversification is considered one of the most effective ways to mitigate risk and hedge a portfolio long-term. Implementing diversification strategies can help to balance the risk and reward adequately.
For many savvy investors, hedging is a very important tool for a custom-diversified investment portfolio as it helps to reduce risk and protect against significant losses by taking an opposite position in a related asset.
Holding uncorrelated assets in an investment portfolio helps to reduce the overall volatility (risk). Alternative assets typically have fewer losses in value during a bear market; thus, a diversified investment portfolio will potentially suffer lower average losses if the market goes against you – and this is where HedgeUp comes in.
HedgeUp is one of a kind project in the crypto space. It is an NFT-based alternative investment crypto marketplace. This crypto project will enable users to invest fractionally in alternative investment asset classes globally. It will promote accessibility to alternative investment markets for all types of investors for as little as $1 in HDUP tokens.
HedgeUp platform aims to help all users to improve their investment portfolios and bridge the gap between investors and non-traditional investment asset classes. In addition, the platform will provide educational materials to the masses to highlight the path to generating residual income through alternative asset investing.
The platform will provide an access to a range of alternative products such as gold, diamonds, wine, fine art, luxury watches, yachts, and aviation. Investing in these assets traditionally implies tying up large amounts of capital, so it’s essentially impossible for most small investors.
All the users on the platform can get a variety of benefits, including exclusive access to equity NFT releases, online master classes, numerous bonuses and staking rewards, and even a ‘basket’ feature to gain a return on average from 28% to 36%.
According to Nasdaq, the total alternative investment classes management is forecasted to surge fourfold and reach more than $17 trillion by 2025. So, it is the perfect time to diversify an investment portfolio with alternative assets and take advantage of the huge potential the HedgeUP platform can offer its users.
For more information on Hedge UP click the links below: