Since the launch of its presale, HedgeUp (HDUP) has quickly established itself as a solid investment opportunity. This has put it in direct competition with existing projects, including Shiba Inu (SHIB). Now, investors are wondering which of the two is the best investment option for the long term.
How does HedgeUp (HDUP) hold up?
The HedgeUp (HDUP) presale has been a huge talking point in the crypto market. Since its launch, the presale has sold 181.3 million tokens to investors worldwide. This has put it among the most traded crypto assets. But is it really a good long-term investment?
Well, according to crypto experts, HedgeUp (HDUP) has one thing going for it – its use cases. The token will serve as the utility and governance token of the decentralized finance (DeFi) project, HedgeUp.
HedgeUp (HDUP) is a DeFi project on the Ethereum blockchain. The project’s idea is to create a platform that makes it cheap and convenient to invest in alternative asset classes like artwork, precious metals, valuable jewelry, rare drinks, and more.
All this will be done within the blockchain ecosystem, making HedgeUp (HDUP) the first alternative investment platform on Web3. The platform will use NFTs to make things work. This involves creating NFTs backed by real assets and then making the NFTs available on the platform to trade.
The NFTs will act as on-chain representations of the underlying assets, which will be held in a fully insured vault. Investors who trade in these NFTs will gain exposure to the alternative assets market, allowing them to diversify their portfolios away from volatile crypto assets.
Overall, this is considered a promising project. This gives HedgeUp (HDUP) a lot of credibility as a long-term investment option – so much so that analysts have predicted that the token could 10x or more in 2023.
HedgeUp (HDUP) is in the fourth stage of the presale. This stage is seeing it sold for $0.036. Investors also get 30% extra tokens. Considering how much long-term potential the token holds, this presale will be a steal for investors that chose to make the most of it.
Can Shiba Inu (SHIB) keep up?
Investors are also considering the meme coin Shiba Inu (SHIB). This is because during the last bull run, Shiba Inu had some of the best returns in the market. It remains a popular asset among crypto enthusiasts. However, its long-term prospects don’t look as bright as HegdeUp’s (HDUP).
This is because Shiba Inu (SHIB) doesn’t have much to show in terms of utility. It’s a meme coin with very few use cases besides speculation. Therefore, its value is largely driven by investor sentiment.
Shiba Inu (SHIB) also has another big issue working against its long-term successes; its circulating supply. The cryptocurrency has around 590 trillion tokens. A supply of tokens that high makes it difficult for Shiba Inu (SHIB) to sustainably increase its value over a long period.
While there are efforts to convert Shiba Inu into a decentralized ecosystem with real utility, it remains to be seen how big of an impact these will have. The token is currently trading at $0.00000672.
For more information about HedgeUp (HDUP) presale use the links down below:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial