Cryptocurrencies have not been immune over the past months. The markets have been juggling concerns about rising inflation and bleak macroeconomic conditions. However, digital products and assets such as HedgeUp (HDUP), Algorand (ALGO), and Chiliz (CHZ) are fast changing the narratives as cryptos get ready for business in the so-called Santa Claus rally this season. These projects’ uniqueness drives the crypto markets into a festive mood due to optimism about the high return and yield they guarantee.
According to LPL Financial, stock market strength in December is commonly referred to as a “Santa Claus Rally.” However, the term needs to be understood, as this market strength is often expected early, even though it typically occurs five trading days before the end of the year and the first two days of the new year.
Let’s explore these cryptos ready for business in the Crypto Santa Rally; HedgeUp (HDUP), Algorand (ALGO), and Chiliz (CHZ).
HedgeUp (HDUP) is the gateway to alternative investment assets.
Bulls believe in Santa for the anticipation of a new year, traders on vacation, holiday spending, institutions closing books, and the holiday spirit. As investors are showing concern that stocks have not risen sufficiently for a Christmas rally, the basket of opportunities availed by HedgeUp (HUDP) is reassuring that Santa Claus is still coming to town and investors need not despair.
HedgeUp (HUDP) is the world’s first NFT project that serves as an alternative investment marketplace for users to invest in premium assets globally in fractional amounts.
HedgeUp liberalizes the investment landscape by connecting users to investment opportunities in gold, wine, fine art, diamonds, luxury watches, yachts, and private jets that are typically only available to high-net-worth individuals. With the global assets under management (AUM) in alternative investments projected to grow by 62% from 2020-2025, HedgeUp has been the favorite token for the Santa Rally among the bulls.
HedgeUp has 999,000,000 HUDP in total supply, with 35% currently on presale. As HedgeUp aims to effectively empower your portfolio while challenging the status quo and bridging the divide between investors and non-traditional investment asset classes, this presale period is the best time to get in.
Algorand (ALGO) experiences massive adoption.
Algorand (ALGO) is an autonomous, decentralized network for various purposes. Algorand was created to speed up transactions and improve efficiency in response to the slow transaction times of other blockchains. Because it is based on a permissionless proof-of-stake (PoS) protocol, Algorand has lower transaction fees and no mining.
In the cryptocurrency market, a lot depends on the news that is popular at the time, whether it is good or bad. Because news tends to influence trader and investor sentiment, keeping an eye on what is happening in the crypto world is critical for crypto market participants.
This year has seen massive adoption of the Algorand ecosystem, including a remarkable collaboration with FIFA for the Algorand Network to become FIFA’s official blockchain. Algorand will assist FIFA in developing the digital asset strategy, while FIFA will provide sponsorship assets.
Algorand (ALGO) has partnered with EI Salvador to develop blockchain infrastructure for the Latin American country. Furthermore, Algorand is collaborating with ICON on a collaboration which will provide Algorand with a security partner for the BTP integration. As a result, the Algorand network will become more diverse and vibrant.
Chiliz (CHZ) leverages World Cup fever to rise.
Chiliz (CHZ) is one of the few digital assets that are not solely based on its sellability to be considered a valuable cryptocurrency. Because it is a fan token, holders can interact with their favorite sports teams. Chiliz is one of the few assets that fit the bill, as people have asked for more assets with real use cases.
As 2022 approaches its conclusion, it is becoming clear that assets such as Chiliz will rule the following year. The current World Cup fever is in full swing, and Morocco’s recent semi-final loss to France has heightened interest in the matches even more.
Finally, these three cryptos are at the forefront of this year’s Crypto Santa Rally. Particularly, HedgeUp (HUDP) brings the true meaning of portfolio diversification to mitigate risk and maximize profit. That is why you should take advantage of the ongoing presale of the token.
For more information on Hedge UP click the links below:
Website – https://hedgeup.io
Telegram – https://t.me/HedgeUpOfficial
Twitter – https://twitter.com/HedgeUpOfficial
Facebook – https://www.facebook.com/HedgeUpOfficial
Tiktok – http://www.tiktok.com/@hedgeupofficial
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