Meme coins have had a strong showing in 2023, so far. Pepe hit the ground running while Dogecoin and Shiba Inu both shook off the 2022 doldrums in April. But, so did the rest of the market.
Since that spike in mid-April, things have settled back down for the market, but Dogecoin and Shiba Inu have done worse by comparison. While many projects have leveled off or even continued to make gains, meme coins have continued to falter.
So, this may not be the year of the meme coin after all. One DeFi project in particular, HedgeUp (HDUP), has been raking in new investors on a daily basis. This is likely due to its position in an untouched sector of DeFi and the deep utility it is bringing to the table.
Meme coins
Dogecoin (DOGE) and Shiba Inu (SHIB) have convincingly separated themselves from the hundreds of other meme coins out there. According to Coinmarketcap, DOGE hangs in there right around the eighth strongest token and SHIB is usually around the thirteenth.
Few other meme coins can be found in the Top 100. This is because meme coins thrive on community and social media hype. Few of them can maintain those two elements for long enough to obtain escape velocity and survive on their own.
Dogecoin had the advantage of starting in the caveman era of crypto and getting an injection of popularity from billionaire, Elon Musk. Shiba Inu pulled itself along in Dogecoin’s wake by punching up and labeling itself the “Dogecoin killer.”
Now, both projects find themselves behind the curve, having lost significant market cap since this time last month. While there’s still time to turn the ship around, many investors won’t wait too long before seeking a safer harbor.
HedgeUp (HDUP)
One port that has been appealing to meme coin holders is HedgeUp (HDUP). They may be tired of the roller coaster ride of meme coins and looking for some utility they can sink their teeth into. HedgeUp (HDUP)has buckets of that.
Still in it’s presale, HedgeUp (HDUP) will be the first DeFi project to expose crypto enthusiasts to the world of alternative assets. It will do that by attaching assets like diamonds, art, and high-end watches to NFTs. Then, through HedgeUp’s NFT marketplace, investors will get access to those assets for a fraction of what it would have cost them to purchase the whole thing.
Since there will be multiple NFTs per item, everyday people will be able to take part in this for as little as $1. And, the assets will be insured and safely stored to maintain the value of the NFTs.
HedgeUp (HDUP)is much more than just an NFT marketplace, though. Its roadmap calls for a plethora of other services that it will make available to holders of the HDUP token. There will be a tiered membership based on how many tokens an investor has. Based on which tier you’re in, you will have access to different levels of a metaverse and online investing education.
HDUP holders will also be able to vote on blockchain issues through the HedgeUp (HDUP) DAO.
The presale is going on now. HDUP is selling for $0.020, but when the next stage gets here it will go up to $0.036.
Find out more about the HedgeUp (HDUP) presale here:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial