Experts agree that utility tokens make the best investments in the crypto market. But with so many projects already in the market and many more being created every single day, what are the best utility tokens to invest in this year?
We asked crypto experts to compare three utility tokens. Two of them, Binance Coin (BNB) and Uniswap (UNI) have been around for a couple of years now. The other, HedgeUp (HDUP), is still in presale and will be publicly released in the next month or two.
HedgeUp (HDUP): alternative assets for everyone
HDUP is the native token of the Web3 project HedgeUp (HDUP). This is a project that’s building an investment platform where users can buy and sell alternative assets like jewelry, precious metals, and artwork as NFTs.
The HedgeUp (HDUP) team says its goal is to enable everyday people to become investors in the alternative assets market. Users of the platform will be able to fractionally invest in asset-backed NFTs. This means that a user with $200 can buy into a $20,000 Rolex.
HedgeUp (HDUP) will function as the utility token of this project. It will be used to pay for trades and fees and make bids at auctions. Holders also get many benefits within the ecosystem. These include voting rights in the project’s DAO, discounts, investment masterclasses, and priority during new product/service releases.
Thanks to these uses, experts believe that HedgeUp (HDUP) will emerge as the top utility token in 2023. It has the backing of a unique and innovative project that may revolutionize the alternative assets investment scene.
Conservative estimates say the token will be 10x before the end of the year. Other estimates see it gaining as much as 10,000%.
HegdeUp (HDUP) is still in presale. Therefore, it is available for investors at a highly discounted price – it’s currently going for $0.020.
Binance Coin (BNB): public blockchain and the world’s biggest exchange
Binance Coin (BNB) is a public blockchain built by the biggest centralized crypto exchange in the world, Binance.
BSC is a scalable blockchain protocol. This gives it relatively cheap transaction fees, making it a good option for building decentralized applications (dApps). As a result, it has the second-largest DeFi ecosystem after the Ethereum protocol.
All these have made Binance Coin (BNB) one of the biggest cryptocurrencies. It is currently worth $308.50 and has a market cap that regularly crosses the $50 billion mark. Projections say that the cryptocurrency may cross the $600 mark and top its previous ATH price.
Uniswap: decentralized trading on multiple chains
Uniswap is the largest decentralized crypto exchange. The platform is compatible with multiple blockchain protocols including Ethereum, Polygon, BSC, Optimism, and Arbitrum.
UNI is the native token of the protocol. It serves as the governance token, allowing holders to participate in the decision-making process. Holders also receive several benefits and can use the token for liquidity provided on the DEX.
UNI currently trades for $5.11.
For more information about HedgeUp presale use below links:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
