Five months ago, nobody would have predicted that 2023 would be the year of the meme coins. But, here we are. Not only has Pepe made a big splash since its arrival, but the heavyweights in that division – Dogecoin and Shiba Inu – are also doing well.
They aren't the only ones. Sharp investors have bought in big with HedgeUp (HDUP), a new project that is exceeding all expectations.
DOGE is the original meme coin. It harkens back to a time when crypto was just getting off the ground. Yes, it's been around that long.
Back then, people were just starting to buy into the notion that cryptocurrencies were here to stay. The problem – as the Dogecoin team saw it – was that all these other cryptocurrencies were a bunch of stogie tokens that were too focused on, you know, making money and stuff.
So, Dogecoin (DOGE) launched to add a little levity to the world of crypto. Dogecoin (DOGE) had all the normal highs and lows you'd expect until a certain billionaire started tweeting about it. That caused the price of DOGE to skyrocket and really put it on the map.
Since then, it has still had highs and lows, but they have been dictated by those tweets more than by market activity.
Shiba Inu is the tongue-in-cheek "Dogecoin killer." It is another meme coin project that is also based on that Japanese dog meme. Unlike Dogecoin, Shiba Inu (SHIB) has only been around for a few years.
Like Dogecoin, Shiba Inu (SHIB) has accomplished the unlikely feat of reaching critical mass and growing enough of a community to survive. It has done this by building some utility into the token. First, it was used for tipping in various places on the internet. It has also added a DEX and other functionality.
Will 2023 be the year that Shiba Inu (SHIB) passes Dogecoin (DOGE)?
DOGE is a Top ten coin. It has one of the most loyal communities in crypto and can be used to buy merch from Tesla and SpaceX. That's been good so far but is it enough?
Shiba Inu (SHIB) is only a few places behind Dogecoin (DOGE) in terms of market cap and has the stated mission of dethroning Dogecoin. Wall Street Bets showed us what can happen when a community gets fixated on something.
Is this the year that Shiba Inu (SHIB) becomes the top dog?
While the meme coin dogfight rages on, a DeFi project is strutting around the yard. HedgeUp (HDUP) is making waves by tapping into the alternative assets market. This unconventional project is poised to disrupt a market that has traditionally only been for the top one percent.
HedgeUp (HDUP) is on the verge of launching an ecosystem that will allow everyday users to buy fractional shares of luxury items like diamonds, jewelry, and art. They will also be able to participate in the governance of the blockchain and take part in investing masterclasses.
Lucky investors who found out about this project early have already jumped on board. However, the presale is still just in the third stage. HedgeUp (HDUP) can still be gotten for $0.020.
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial
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