• Crypto Spring is in the air as investors flock to Web3 and look for the best deals.
• Old favorites, such as Cardano (ADA) and Polygon (MATIC), are being talked about but new projects like HedgeUp (HDUP) are also gaining attention.
• After a bear market in December 2021, consumer confidence is on the rise and investors are looking for the next big thing.
Crypto Spring is here, with investors sniffing around for the best deals in Web3. November 2021 saw Bitcoin soar to 100k before entering a bear market in December 2021. Despite this, consumer confidence in Web3 remains high, with old favorites and new projects both vying for investor attention.
Old favorites such as Cardano (ADA) and Polygon (MATIC) have weathered the storm of crypto downturns well and remain popular amongst investors. Cardano uses proof-of-stake consensus to process transactions quickly while Polygon acts as an Ethereum Layer 2 blockchain with cheaper transactions costs than Ethereum itself.
A newer entrant into the crypto space is HedgeUp (HDUP). This project brings alternative assets into play through NFTs so that everyday investors can also benefit from them. In addition to this, HedgeUp offers access to a Decentralized Autonomous Organization (DAO), a metaverse, and educational opportunities to its users.
Who Will Explode?
The bull run will lift all boats but some projects will undoubtedly do better than others. Cardano (ADA) and Polygon (MATIC) likely won’t hit huge heights for some time yet but could be strong marathon runners due to their utility and community support. On the other hand, HedgeUp has potential for massive growth due to its unique proposition of bringing alternative assets into play via NFTs.
Cryptocurrency projects are set fair heading into 2021 after weathering a stormy December 2020 nicely. While it’s impossible to predict who will explode this year, it’s safe to say that there are plenty of exciting projects on offer – both old favorites which have stood the test of time and newcomers offering unique solutions that no one else can match!