Crypto whales are paying close attention to HedgeUp (HDUP), Gmx (GMX) and Polygon (MATIC)

Whales move the market, and wherever they put their money means, there is an opportunity. With cryptocurrencies under immense pressure after a yearlong selloff, most whales are turning their attention to projects well poised in 2023. GMX (GMX), HedgeUp (HDUP), and Polygon (MATIC) are some of the projects that appear firm amid the turmoil in the industry.

Poling scaling prowess

Polygon potential is hard to ignore as long as cryptocurrencies and blockchain adoption increase. While a perfect blockchain that is highly secure, decentralized, and able to scale does not exist, Polygon has moved to change this.

As a layer-2 scaling solution, Polygon makes it easy for Ethereum-powered assets to achieve near-instant and low-cost transfer. The project has made it easy for Ethereum to rise exponentially and unlock new possibilities for addressing its congestion issues.

Many enthusiasts believe Polygon has what it takes to be a game changer amid increased blockchain adoption. Its ease of use, scalability, and ability to enable low-cost transactions in the blockchain sets it apart from other projects. For example, Instagram, the world’s largest photo-sharing platform, already uses Polygon to host its NFTs affirming its growing use case.

GMX trading edge

GMX is another crypto with tremendous potential heading into 2023. In an era where decentralized finance is increasingly taking over, the project has what it takes to be a game changer in making it easy for people to carry out transactions on the blockchain without any intermediaries.

GMX is a decentralized spot and perpetual contract trading platform which supports low swap fees at the lowest costs. The trading platform also allows people to leverage their trades by up to 30X. Gmx stands out in trying to combine advanced decentralized finance and cryptocurrency exchange features to enhance crypto trading and exchange.

HedgeUp alternative investment opportunity

On the other hand, HedgeUp is a crypto project that seeks to bridge the gap between cryptos and the alternative investment market. While people have sought ways to diversify their investment portfolios away from volatile digital assets, the project aims to offer investment opportunities on stable alternative products.

Therefore, it has established the first-of-its-kind alternative investment platform that will provide access to a wide range of products for everyday people. For the longest time, only the wealthy have been able to invest in private jets, gold, diamond, fine art, and even aviation.

HedgeUp is looking to change all this by providing a platform that will make it easy to invest in alternative products. It has partnered with established and high-end startups to make it easy for people to access these products.

Some of the products are to be minted as non-fungible tokens and stored in a blockchain for added security and easy access. Additionally, HedgeUp is to enable fractional ownership of the NFTs. Only people who can raise the full amount of the alternative product on offer will be able to pay a small amount to own a piece of the asset. Through fractional assets, crypto investors can access alternative products for $1.

HDUP is the deflationary token that will allow people to buy and sell alternative products and NFTs in the marketplace. In addition, HDUP token holders will be incentivized to stake their tokens to help fuel liquidity in the ecosystem.

Bottom line

It’s not all doom and gloom in the cryptocurrency sector. With whales turning their attention to Polygon, GMX, and HedgeUp, crypto investors can consider these projects in 2023.

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