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HedgeUp (HDUP) and Quant (QNT) Forecast to Reign Supreme in 2023, Say Crypto Gurus

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HedgeUp vs BlackRock: Who Will Come Out on Top?

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There is so much excitement in the crypto market for the new year. The crypto space has a lot to offer to those who awaits immense benefits. As the year begins, cryptocurrency investors search for smart coins with great potential to double and even triple their coffers. 

Crypto gurus believe HedgeUp (HDUP) and Quant (QNT) are forecasted to dominate the crypto market in 2023. The market aims to be attractive and rewarding as HedgeUp (HDUP) is ready to skyrocket and boost portfolios. HedgeUp (HDUP) is unmatched regarding the diversification of investments available.

The platform remains the first alternative platform in the crypto space. With HedgeUp, crypto adherents can diversify their portfolios with different opportunities. The opportunities span alternative products like gold, luxury watches, and fine art. Quant (QNT) will likely match up with HedgeUp (HDUP) to form a smart pair.

This article will consider HedgeUp alongside Quant, as predicted to reign in 2023.

Can HedgeUp (HDUP) Become Successful in 2023?

The expectations from HedgeUp (HDUP) are high this year as many are already thrilled with its unmatchable utility. What HedgeUp brings to the crypto world is an alternative system where cryptocurrency enthusiasts can comfortably infuse in alternative products like gold, wine, or aviation. HedgeUp (HDUP) has closed the traditional and cryptocurrency investment gap through blockchain technology. Crypto lovers who wish to imbue in alternative products can comfortably do that using the HedgeUp platform.

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As forecast by experts, the total alternative market is expected to reach $17.2 billion by 2025. It is a massive advantage for any who seizes the opportunity brought by HedgeUp (HDUP). The open-source platform is ready to blow off soon as it has already captured the heart of both long and short-term investors.

With its members’ interests at heart, the HedgeUp community uses the decentralized autonomous organization (DAO) concept to grant members access to governance. Members can voice their opinion as it concerns the plans and growth of the ecosystem.

The HedgeUp (HDUP) platform owns a space called the HedgeVerse. It is a virtual world where investors and institutions can combine and network for optimum growth. Interestingly, with just as little as the $1 equivalent of HDUP, members can stake and gain access to investments.

Quant (QNT) to Become Most Traded With HedgeUp (HDUP) in 2023

The Quant (QNT) blockchain was created in 2018 to connect and bridge the gap between blockchains. Quant became the first operating system (OS) in the crypto space with the target of solving interoperability problems. It uses Overledger to allow developers to build decentralized multi-chain applications.

The creation of Quant (QNT) was an outstanding achievement. The platform was not just able to solve interoperability issues but was also able to read and monitor transactions across various ledgers. Quant uses QNT as its utility token to ease transactions and operations within the ecosystem. Quant has forecasted to rule in 2023.

So far, infusing in any cryptocurrency demands fundamental research. It could sometimes be overwhelming. However, predictions from crypto gurus could save you time and energy. HedgeUp (HDUP) and Quant (QNT) could be a perfect match this year, as already forecasted by the experts. 

As HedgeUp (HDUP) grows to dominate the market, it opens avenues for crypto lovers to access alternative investment products. It could be the best way to stabilize your earnings.

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


Disclaimer: This is a sponsored article, and views in it do not represent those of, nor should they be attributed to, ZyCrypto. Readers should conduct independent research before taking any actions related to the company, product, or crypto projects mentioned in this piece; nor can this article be regarded as investment advice.


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Why Real Regulatory Change In Crypto Has Not Happened

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Why Real Regulatory Change In Crypto Has Not Happened



Legislators need to educate themselves on Web3 if they care about protecting consumers, Steven Eisenhauer, chief risk and compliance officer at Ramp, writes.


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South Korea to deploy cryptocurrency tracking system in 2023

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South Korea to deploy cryptocurrency tracking system in 2023


The Ministry of Justice in South Korea announced plans to introduce a crypto-tracking system to counter money laundering initiatives and recover funds linked to criminal activities.

The “Virtual Currency Tracking System” will be used to monitor transaction history, extract information related to transactions and check the source of funds before and after remittance, according to local media outlet khgames.

While the system is slated to be deployed in the first half of 2023, the South Korean ministry shared plans to develop an independent tracking and analysis system in the second half of the year. A rough translation of the ministry’s statement reads:

“In response to the sophistication of crime, we will improve the forensic infrastructure (infrastructure). We will build a criminal justice system that meets international standards (global standards).”

The South Korean police previously established an agreement with five local crypto exchanges to cooperate in criminal investigations and ultimately create a safe trading environment for crypto investors.

Related: South Korean prosecutors request arrest warrant for Bithumb owner: Report

The South Korean Supreme Court ruled that crypto exchange Bithumb must pay damages to investors over a 1.5-hour service outage on Nov. 12, 2017.

The finalized ruling from the supreme court ordered damages ranging from as little as $6 to around $6,400 be paid to the 132 investors involved.

“The burden or the cost of technological failures should be shouldered by the service operator, not [the] service users who pay commission for the service,” the court stated.


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Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools

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50% of Bitcoin hashrate Controlled by Two Mining Pools

Bitcoin hashrate is becoming highly centralized, with a few mining pools controlling most of the blockchain mining power. The latest data from Mempool indicates that 50% of the total hashrate is held by Foundry USA and Antpool. 

A Highly Centralized Mining Network

Foundry USA has maintained a hashrate of over 30% of the total Bitcoin network for several weeks. It became the first mining pool of non-Chinese origin to lead the list in November 2021, following the ban on Bitcoin mining in China in the middle of the same year. 

Back then, Foundry USA contributed 17% of the total Bitcoin hashrate. Today, the US-based pool averages 34.1% of the mining power, equivalent to about 104 EH/s, considering that the Bitcoin hashrate is around 300 EH/S. 

Related Reading: First Bitcoin Mining Powered By Nuclear Energy To Open In The U.S. In Q1 This Year 

Antpool comes in second with about 18.0% of the total hashrate equivalent to about 58 EH/s. The Chinese-based pool used to be the largest Bitcoin pool but was affected by the ban on crypto mining which caused several miners in the region to migrate. 

Bitcoin Pool distribution records on Dec. 29, 2022 (3-day stats)/Mempool.com

What Is Behind This Trend?

The graph shows that over 80% of Bitcoin’s mining power is concentrated among just 5 pools. This contrasts with the beginning of 2022, when these five mining pools barely exceeded 60% of the hashrate. 

Some factors could have contributed to this rise. One of which is the location of the servers of the said pools. The closer the servers are to the pools and mining facilities, the lower the information transfer latency. This means that a miner will likely get more shares in the mining process and earn more Bitcoin (BTC) by connecting to a closer server. 

Bitcoin hashrate difficulty
Bitcoin hashrate difficulty for January/CoinWarz.com

Another factor is the financial incentives offered by these major mining pools. Bigger mining pools can consistently distribute profits to their members, who pay a commission for mining with their resources, driving more miners to their ecosystem. This is evident with the high mining difficulty in recent weeks due to the bullish movement of Bitcoin, making it difficult for smaller mining pools to be profitable. 

Related Reading: Why The S&P 500 Could Help Send Bitcoin Soaring Higher

However, Bitcoin’s highly centralized mining system poses significant dangers to the cryptocurrency. The miners could agree to reject transactions that do not meet a specific parameter leading to a 51% attack. 

We’ve seen such attacks occur on other Proof-of-Work blockchains like Ethereum Classic, which could be a problem for Bitcoin. In addition, these pools are recognized companies and could face pressures from regulatory agencies trying to control activities on the Bitcoin network. 

Bitcoin Price

So far, Bitcoin is still maintaining its bullish trend, with the leading cryptocurrency up by 40% since the start of the year. As of the time of writing, Bitcoin is trading at $23,400, according to data from Tradingview.com. 

Bitcoin Price on January 28| Source: BTCUSDT on Binance, TradingView
Bitcoin Price on January 28| Source: BTCUSDT TradingView

Featured image from Pixabay, charts from Trading View, Coinwarz, and Mempool


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