ETH Breaks $1900, Litecoin and HedgeUp Increase Holders

It’s been a volatile week in a volatile industry. Cryptocurrencies are known for their spikes (both up and down), but the market is likely getting more than its fair share of attention as investors wait for the next bull cycle to start.

The digital tension is almost palpable though as things have been particularly tepid since the upward hitch in April. Excited pundits saw a last chance to grab BTC below $30k and moon predictions were everywhere.

The bulls have retreated somewhat though, leaving investors huddled around the starting line. Now, the first half of 2023 is almost gone with BTC still well below the $30k mark. There is relief in other areas though. Diligent investors just need to know where to look.

Ethereum (ETH)

You don’t have to look any further than the number two cryptocurrency to find a little hope. In the past week, Ethereum (ETH) has broken the $1900 line several times. The Layer 1 blockchain is an excellent barometer of the overall health of crypto, due to its position just below Bitcoin and all of the protocols and dApps hitched to it.

If ETH can steadily push past $2000, it could signal the beginning of the next bull run.

Litecoinas (LTC)

By 2011, the limitations of Bitcoin were readily apparent so Litecoin was developed to overcome those limitations. Litecoin is built to be similar to the Bitcoin blockchain, but it provides faster, cheaper payments with the same security.

Like Ethereum, Litecoin (LTC) has been showing steady growth in recent weeks. It’s up 8% in the past month and 12% in the last week. This has brought in investors looking for a silver lining that is absent elsewhere in the market.

HedgeUp (HDUP)

The alternative asset specialists at HedgeUp (HDUP) have their project in the last phases of its prelaunch. Soon, they will have an NFT marketplace ready to give crypto enthusiasts access to a whole new world of investing.

“Alternative assets” covers a broad range of investments but HedgeUp is concentrating on exclusive commodities like art, diamonds, and exotic spirits. These will be tokenized as NFTs and made available on the HedgeUp marketplace.

Investors who want to get in on these assets will be able to even with a small amount of capital. Each asset will have several NFTs behind it. 

Beyond asset-backed NFTs, HedgeUp (HDUP) will provide a complete DeFi ecosystem. This ecosystem will include a decentralized autonomous organization (DAO) and the HDUP token will serve as its governance token.

There will also be a tiered membership based on how many HedgeUp (HDUP) tokens a person owns. The membership will grant various levels of access to online masterclasses and a metaverse.

All of this utility and the speed with which HedgeUp (HDUP) has progressed through its presale has brought new members in left and right. 400 new people per day are investing in the project. 

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