On January 2, 2023, the global cryptocurrency market capitalization was recorded as $807.17 billion. The figure lifted the spirits of crypto enthusiasts worldwide who had been waiting patiently for a market turnaround after the crypto winter of 2022. The market also saw the rise of new products with multiple use cases that enable crypto users to earn higher passive income. HedgeUp ($HDUP), Tron ($TRX), and EOS ($EOS) were among the cryptocurrencies that attracted users from across the world with their niche features. Here’s a brief look into the factors driving the popularity of these three cryptocurrencies.
HedgeUp: Opening doors to alternative investment products for crypto users
HedgeUp is a decentralized platform for cryptocurrency users wherein they can access alternative investment products like wine, aviation, gold, and art. The platform offers ‘baskets’, which comprise a mix of alternative investment products. These baskets of assets also act as a hedge against market volatility, thereby shielding investors’ returns. The platform’s native token $HDUP is the key cryptocurrency on the network that facilitates all transactional uses and is available on presale for purchase.
The team has capped the supply of the token at 999,000,000 units and the supply is distributed among different uses to ensure that the platform grows consistently. The largest share of the tokens has been reserved for presale at 35% and another 17% has been allocated for exchange listings. The team will dedicate 14% of the $HDUP tokens for financing its marketing activities, while another 15% of the tokens will be reserved. The remaining token supply will be divided between founders and team (12%), staking and rewards (3%), charitable donations (2%), and advisory and partners (2%).
HedgeUp has also launched its NFT series for its users. Users can either purchase the entire asset or become a fractional owner of the NFT.
EOS: Building secure and configurable digital infrastructure
EOS is an open-source blockchain network that enables developers to build a secure and scalable digital infrastructure. It has a native token called EOS that is used for all transactional purposes on the platform. One of the key drivers of the popularity of $EOS is its speed and efficiency. Its transaction speeds and sub-second block time latency rates are among the highest in the crypto ecosystem. With its efficiency in digital integration and resource management, developers also benefit in terms of faster transactions. It is a highly configurable network where developers can seamlessly create and manage programmable systems. They can deploy both public and private blockchains with customizable governance structures through EOS smart contracts.
Regarding security and compliance protocols, EOS gets full marks for its cutting-edge features. These features include end-to-end authentication and verification for data integration and web security. With EOS, developers can build bespoke systems that comply with a range of security standards. Lastly, it’s a developer-focused platform where developers can access a wide array of sophisticated tools for building next-generation digital systems and also picking up new skills with EOS training courses. They can participate in the platform’s growth journey by submitting ‘enhancement proposals’ with ideas about new features, tools, and solutions.
Tron’s TVL climbs to $9.3 billion
Tron is among the leading decentralized exchanges in the world wherein users can sell, purchase and exchange cryptocurrencies. Its native token is called $TRX, which is used for various transactional use cases on the network. Apart from facilitating crypto trade, Tron offers its users multiple tools that ramp up user experiences. For instance, there is TronSCAN, a blockchain-based explorer that supplies on-chain data for queries and supports the creation of tokens. Then there is Just Lend, a niche lending platform for stablecoins that enables $TRX users to access all benefits of the decentralized finance ecosystem.
In the week between January 1 and January 8, 2023, Tron’s $TRX Token achieved many milestones. The network’s blockchain height crossed 47.44 million, while its total accounts reached 133,471,628. During the seven-day period, Tron’s total number of transactions crossed 4.5 billion and its TVL reached $9.3 billion.
If you ask cryptocurrency analysts to select a favorite among the newly launched cryptocurrencies, don’t be surprised when they pick HedgeUp. The platform has been getting rave reviews from crypto experts because of its higher growth potential, which makes it an ideal option for crypto users looking for long-term returns.
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
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