.png){kind=logo}
The newest meme coin, Pepe (PEPE), is exploding and savvy investors are on the lookout for new opportunities to make profits. As Pepe (PEPE) surges – reaching a market cap of over $700 million, and Dogecoin (DOGE) struggles, it's a challenge to take your eyes off the meme token market.
But, now there's an even newer coin that some investors see as a better investment. It's called HedgeUp (HDUP) and is planning to launch at the end of June. Currently still in its presale, the team has already raised an impressive $1.6 million, getting attention for its disruptive tech and long-term vision.
Everyone seems to love the meme coin game. The adorable coins are created, have no use case, and rely on social media hype to pump the price. What usually follows are early investors and the team itself dumping tokens on retail, walking away with amazing profits.
Occasionally you'll hear a story about people throwing in a few hundred to a few thousand dollars and becoming overnight millionaires, but most of the tales involve novice users that diamond hand these meme coins all the way to 0.
These tokens have no use case, no real value, and are heavily manipulated. It's more like a lottery than an investment play. This is why HedgeUp (HDUP) is so powerful and has so much potential. The use cases are innovative, the platform is one of a kind, and the team is brilliant.
Meme coins have become increasingly attractive to whales or large investors with enough funds to manipulate the market.
Whales are typically drawn to meme coins due to their low prices and high volatility, which allows for massive profits in a short amount of time. As such, they commonly buy large amounts of meme coins and then dump them onto the market in order to bring down the price and make a profit.
The main reason why investors believe Hedgeup (HDUP) is a better investment than Pepe or Dogecoin is because of its unique advantages over both. It will be on the Binance Chain, which is a secure blockchain that provides fast transactions and high levels of security.
HedgeUp (HDUP) has a native token called HDUP that you can use for staking and liquidity farming on popular exchanges. This helps you diversify your portfolio on the blockchain and earn extra rewards.
Furthermore, HedgeUp (HDUP) can also be used to purchase fractional shares of alternative assets like collectibles and high-end physical items. The receipt for this ownership will be in the form of NFTs.
For numerous reasons, HedgeUp (HDUP) is viewed as a better investment than Pepe (PEPE) and Dogecoin (DOGE). Its use cases and the ability to purchase alternative assets via NFTs have made it an attractive option for savvy investors.
As demand for HedgeUp (HDUP) increases and trading volumes on the platform go up, its value is expected to surge even further. Therefore, those looking to make a long-term investment would be wise to consider putting their money into HedgeUp (HDUP).
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
