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It has been a slow year for crypto thus far. It seemed as if the industry was experiencing the beginning of another bull market, but alas, we've begun another downward trend. But things might be changing as soon as this month, and this surge might just be led by China. The largest country in the world has legalized crypto trading and looks to turn Hong Kong into a dominant crypto hub.
While China made news last year when it banned all cryptocurrency, it has since walked back its regulations. This is enabling the largest population in the world to interact with and purchase cryptocurrency.
So what projects will be benefiting from the rush of new investors? SHIB, HDUP, and VET are just a few that could benefit from this surge of interest…
Whether or not you believe in meme coins, Shiba Inu (SHIB) has proven itself a strong contender in the world of crypto. It consistently ranks as one of the largest coins by market cap and has an avid fanbase. In fact, the SHIB community has pitched in and is currently expanding its blockchain and utility.
SHIB's Shibarium testnet recently surpassed 4.4 million transactions, a significant milestone for ANY testnet environment. While work is still underway for mainnet, this is an excellent sign of what is to come.
There's obviously a lot of excitement and noise around Shiba Inu, and this will undoubtedly attract Chinese investors regardless of how serious they are. While SHIB started out as a fun and playful joke, it has quickly developed into a big contender and serious investment opportunity.
If meme coins aren't your thing, then you're not alone. In fact, many people have a hard time seeing past the jokes and "meme" aspects of cryptocurrencies like SHIB. Fortunately, it's not the only project position to see big time investment.
HedgeUp (HDUP) is an exciting new project with a token that provides an astounding amount of utility. The project aims to provide a platform that allows investors to take part in the world of alternative assets.
What are alternative assets? Expensive watches, rare vintage champagnes, and much more. These highly exclusive items are oftentimes out of reach of retail traders and everyday investors. But HedgeUp (HDUP) is lowering that barrier by creating fractionalized ownership of these items.
Investors can own as small as a $1 portion of one of these items, allowing them to take advantage of the appreciation these assets are often associated with. Currently, the project is in the presale phase of its HedgeUp (HDUP) token offering. Interested individuals can purchase the token for cheap during the initial stages, but will have to pay a premium as the presale moves through its stages.
VeChain and its token VET boast being one of the most energy-efficient blockchains in existence. This makes it a great investment opportunity for those who want to support a more environmentally-friendly project. Not only that, but the platform provides a host of features not typically seen in competitors such as Ethereum.
These features include distributed governance, IoT, and a number of other enterprise-grade applications. While Vechain (VET) has seen a bit of turbulent price action over this last year, the project is still going strong and could be a potential opportunity for investors willing to take a bet on a strong comeback.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
