• Crypto Spring is here, and investors are looking for the best deals.
• Bitcoin was predicted to reach 100k by the end of 2021, but the bear market caused several projects to collapse.
• Now, consumer confidence in Web3 is growing again and projects like Cardano (ADA) and Polygon (MATIC) are expected to perform well. HedgeUp (HDUP) is also a unique project worth keeping an eye on.
Crypto Spring is in the air. The future looks bright for Web3 and investors are sniffing around for the best deals. Some old favorites are being talked about, but new blood is right around the corner. We’re coming into a bullish market In November 2021, the sky was the limit for crypto projects. Pundits were suggesting that Bitcoin would soar to 100k by the end of the year and venture capital (VC) was flowing freely into the space.
Since December 2021, though, crypto has been trudging through a bear market. While nobody thought this was the end of cryptocurrency, investors fled and much of the capital dried up. This led to several notable collapses, such as Terra and Celsius, while more durable projects waited out the storm.
Consumer Confidence Growing
Now, things are looking up. Consumer confidence in Web3 is on the rise. Projects that hunkered down last year are preparing to run again. Investors are looking for the next big thing A couple of existing crypto projects that experts predict will perform well are Cardano (ADA) and Polygon (MATIC). Both projects have been around for years and have shown they have the right stuff.
Cardano & Polygon
Cardano (ADA) is a blockchain that is positioned to be an “Ethereum killer.” It uses a proof-of-stake (PoS) consensus mechanism to process transactions quickly and in a manner that is easy on the environment. While it’s questionable whether or not it’ll undo the giant, Ethereum, it certainly has a loyal following. Polygon (MATIC) is a Layer 2 blockchain project built on Ethereum itself. As such, it can make transactions quickly and cheaply, while benefiting from Ethereum’s security and community; it too has a strong community behind it .
HedgeUp (HDUP), though still in pre sale has not gone live yet bringsa unique idea to table For years alternative assets were something only most affluent investor could speculate in ranging from art expensive watches exotic spirits jewelry Now everyday investors will have access them through NFTs In addition HedgeUp HDUP will have decentralized autonomous organization DAO metaverse educational opportunities