Cryptocurrency bulls have been celebrating lately as Bitcoin (BTC) is set to hit $250,000 in the future.
Two other tokens, HedgeUp (HDUP) and Shiba Inu (SHIB), are taking meme and utility to a whole new level. HDUP is an NFT marketplace built on top of a DeFi protocol currently in its third presale stage, while Shiba Inu (SHIB) has seen some tumultuous times with its popularity plummeting recently.
With both tokens expected to see gains when they move onto popular DEX protocols, it will be interesting to see if they can become household names during the next bull run.
Michael Saylor’s bull case for Bitcoin
Michael Saylor, a high-profile Bitcoin (BTC) bull, has put out a $500,000 price target for Bitcoin. Speaking recently at MarketWatch’s Best New Ideas in Money Festival, Saylor suggested that Bitcoin could hit $65,000 within four years and then reach his ambitious goal of $500,000 by the end of the decade.
Saylor’s prediction is based on the current total market value of gold, which stands at approximately $10.5 trillion.
In his view, Bitcoin could one day have the same market cap as gold today because it acts just like gold – it is a hedge against inflation and a long-term store of value.
Cathie Wood’s bull case for Bitcoin
Cathie Wood, who is the founder and CEO of Ark Investment Management, believes that Bitcoin could hit $1.48 million by 2030. This would be a colossal increase from its current price.
Ark detailed their prediction in a new report stating that the cryptocurrency could “scale into a multi-trillion dollar market” by the decade’s end. Even their bear case for Bitcoin was an impressive price target of $258,500 in the next seven years, still a substantial gain from where it is now.
Shiba Inu (SHIB): recent market downturn and recovery prospects
Bitcoin’s impact goes beyond simply driving up or down the coin’s value. It tends to have a ripple effect that can be felt across the entire crypto market.
A great example is a meme coin like Shiba Inu (SHIB). As investors flock to Bitcoin, they also tend to pay attention to other cryptocurrencies that are gaining momentum.
This often leads to a surge in interest and demand for these so-called “altcoins,” causing their value to rise.
HedgeUp (HDUP): DeFi protocol and NFT marketplace
HedgeUp (HDUP) is a DeFi protocol that is expecting major success.
The project focuses on allowing users to purchase fractional shares of physical commodities like gold and diamonds for as little as $1 – allowing users to monetize fractional ownership in physical alternative investments.
No other crypto protocol has ever tried this type of feature, setting HedgeUp apart from the rest.
HDUP token price: low but with high potential
HedgeUp’s HDUP token is currently trading at a relatively low price. This makes it an exciting investment opportunity for those looking to get in early on the project before it takes off.
If HedgeUp can continue executing its roadmap and building a successful protocol, then the HDUP token could have huge potential in the future.
The Takeaway
Bitcoin continues to be a major influencer in the crypto market, and its impact can be felt across all ecosystems. HedgeUp (HDUP) and Shiba Inu (SHIB) are two projects that have been benefiting from this trend.
For those looking for an affordable entry point into DeFi or NFTs, these two coins could provide some good opportunities and potential upside if the bullish run continues.
For more information about HedgeUp (HDUP)
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial