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Meme coins have been experiencing a surge in popularity lately. While Dogecoin and Shiba Inu are still the cream of the crop, Pepe and other meme coins are making a name for themselves.
However, a new DeFi token might have something to say about that. Meme coins are mostly built on hype, but HedgeUp (HDUP) has a strong foundation and no direct competition.
Can HedgeUp (HDUP) take precious investment dollars from the top dogs of the meme sector?
Dogecoin (DOGE) is the salty, old veteran of meme coins. The venerable project has been around since the early days of crypto. The founders of Dogecoin (DOGE) felt that crypto needed a breath of fresh air. Clearly, there were enough like-minded people around to keep the Litecoin fork running.
Once Elon Musk got involved, DOGE's success was a foregone conclusion, and now it's the eighth biggest cryptocurrency by market cap.
The Shiba Inu (SHIB) project was born out of Dogecoin's success. With the same mascot, it branded itself the "Dogecoin killer" and went about the business of being the better dog-themed meme coin.
While SHIB didn't have the same patronage that DOGE had, it still built up a loyal following. During the bull run of 2021, SHIB grew exponentially in value and is typically just a handful of spots behind DOGE in market cap.
This could be due to the utility that Shiba Inu has that Dogecoin doesn't. Shiba Inu has its own decentralized exchange (DEX), ShibaSwap, and an NFT marketplace.
It could be that there's a new sheriff in town, though. Or, maybe it's a dogcatcher. The upcoming project, HedgeUp (HDUP), already has loyal meme coin holders fleeing (flea-ing?) for its presale. And we're talking about some of the most loyal whales, not just the bottom feeders.
One reason might be that older projects are often viewed as having their best days behind them. A lot of the magic is gone and while those coins can still have a great bull run, the phenomenal spikes that made them household names are much less likely.
Another reason could be the fantastic utility that HedgeUp is bringing to the table. The HedgeUp (HDUP) roadmap calls for the HDUP token to sit at the center of an entire ecosystem of DeFi products.
The core offering will be HedgeUp's (HDUP) NFT marketplace. From there, holders of the HDUP token will be able to buy NFTs that are backed by assets such as artwork, diamonds, and more. So, HDUP and the NFTs will go up in value as the assets behind them do.
This can potentially make HDUP a store of value the same way that gold is. With governments being so reckless with how they spend their fiat currency, that could be the hottest aspect of HedgeUp (HDUP) in the next few years.
But, there is more to the HedgeUp (HDUP) ecosystem than just an NFT marketplace. HDUP holders will have access to a metaverse, wallet, banking functions, and investing masterclasses. They will also be able to vote on the direction the project goes in the DAO.
The HedgeUp (HDUP) presale is in full swing. It's not too late to get HDUP for $0.020.
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
