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From algorithmic stablecoins to the Sam Bankman-Fried scandal, 2022 was a rough year for crypto. However, the crypto winter showed us some flaws in several Web3 projects and we're better for it.
Shiba Inu (SHIB) did well during the last bullish market. It also had enough steam to make it through 2022 when other coins didn't. Will it excite investors like it has done in the past or is it on the path to obscurity?
That is a big question because many people are trying to decide where to put their money. While there are recognizable names that look good, there is also new blood gaining ground fast. One new project, HedgeUp (HDUP), has gotten the attention of investors, analysts, and pundits. How will it compare to an old pro like Shiba Inu (SHIB)?
The Shiba Inu (SHIB) token became popular because it spoke to the heart of the Web3 movement. When it came out, it was fun, independent, and broke all the rules. A community rallied around it long enough for it to attain critical mass.
That carried it through the downturn that started in December 2021. A year and a half later, it's questionable whether or not that trend will continue. It has some potential, but something big will have to happen for it to take off again.
A new arrival on the scene plans to give Shiba Inu (SHIB) a run for its money. Though, HedgeUp (HDUP) hasn't gone live yet but is still turning heads. The project aims to bring alternative assets to a whole new group of people.
In the past, alternative assets were a class of investments that were exclusively for the affluent. It includes things like high-end watches, rare spirits, and jewelry. Most people couldn't afford to own most of those things, much less speculate on them. That's going to change very soon, though.
Through the HedgeUp (HDUP) token, everyday people will be able to capture a fractional share of alternative assets that would have been out of their reach before. HedgeUp (HDUP) will make this possible through the use of NFTs that will be available on its NFT marketplace.
But that isn't all the HedgeUp (HDUP) token is good for. Like any cryptocurrency, it has the potential to increase in value. And, since HedgeUp (HDUP) will operate a decentralized autonomous organization (DAO) as well, the HDUP token will function as a governance token too.
With HedgeUp (HDUP) bringing this much utility to Web3, many investors are already jumping on board. The presale of HedgeUp (HDUP) is currently in its third stage and analysts confidently expect the coin to 30x this year.
So, while Shiba Inu (SHIB) has made waves in the past, other projects will likely surpass it during this bull run. It has the community, but newer coins are taking advantage of the great strides that have been made in NFT functionality.
It seems that the investors have voted with their wallets. HedgeUp (HDUP) can still be purchased for $0.020 per token. Smart players are getting in now, since it will go up to $0.036 soon, getting higher with each successive stage.
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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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.
