Meme cash have been experiencing a surge in recognition currently. Whereas Dogecoin and Shiba Inu are nonetheless the cream of the crop, Pepe and different meme cash are making a reputation for themselves.
Nonetheless, a brand new DeFi token might need one thing to say about that. Meme cash are largely constructed on hype, however HedgeUp (HDUP) has a powerful basis and no direct competitors.
Can HedgeUp (HDUP) take treasured funding {dollars} from the highest canine of the meme sector?
Dogecoin (DOGE)
Dogecoin (DOGE) is the salty, outdated veteran of meme cash. The venerable mission has been round for the reason that early days of crypto. The founders of Dogecoin (DOGE) felt that crypto wanted a breath of contemporary air. Clearly, there have been sufficient like-minded folks round to maintain the Litecoin fork operating.
As soon as Elon Musk bought concerned, DOGE’s success was a foregone conclusion, and now it’s the eighth greatest cryptocurrency by market cap.
Shiba Inu (SHIB)
The Shiba Inu (SHIB) mission was born out of Dogecoin’s success. With the identical mascot, it branded itself the “Dogecoin killer” and went in regards to the enterprise of being the higher dog-themed meme coin.
Whereas SHIB didn’t have the identical patronage that DOGE had, it nonetheless constructed up a loyal following. Throughout the bull run of 2021, SHIB grew exponentially in worth and is often only a handful of spots behind DOGE in market cap.
This may very well be because of the utility that Shiba Inu has that Dogecoin doesn’t. Shiba Inu has its personal decentralized change (DEX), ShibaSwap, and an NFT market.
HedgeUp (HDUP)
It may very well be that there’s a brand new sheriff on the town, although. Or, possibly it’s a dogcatcher. The upcoming mission, HedgeUp (HDUP), already has loyal meme coin holders fleeing (flea-ing?) for its presale. And we’re speaking about a few of the most loyal whales, not simply the underside feeders.
One motive is perhaps that older tasks are sometimes considered as having their finest days behind them. Plenty of the magic is gone and whereas these cash can nonetheless have a terrific bull run, the exceptional spikes that made them family names are a lot much less seemingly.
One more reason may very well be the implausible utility that HedgeUp is bringing to the desk. The HedgeUp (HDUP) roadmap requires the HDUP token to take a seat on the middle of a whole ecosystem of DeFi merchandise.
The core providing can be HedgeUp’s (HDUP) NFT market. From there, holders of the HDUP token will have the ability to purchase NFTs which can be backed by property reminiscent of paintings, diamonds, and extra. So, HDUP and the NFTs will go up in worth because the property behind them do.
This will probably make HDUP a retailer of worth the identical method that gold is. With governments being so reckless with how they spend their fiat forex, that may very well be the most popular facet of HedgeUp (HDUP) within the subsequent few years.
However, there may be extra to the HedgeUp (HDUP) ecosystem than simply an NFT market. HDUP holders can have entry to a metaverse, pockets, banking capabilities, and investing masterclasses. They may also have the ability to vote on the course the mission goes within the DAO.
The HedgeUp (HDUP) presale is in full swing. It’s not too late to get HDUP for $0.020.
