Crypto enthusiasts around the world are looking forward to things getting on a more bullish track. Since December 2021, blockchains have been floundering and many big names have gone the way of the dodo.
Now, old crypto projects like Dogecoin (DOGE) and Shiba Inu (SHIB) look forward to returning to their former glory. At the same time, new projects like HedgeUp (HDUP) plan on carving out a space for themselves among the giants.
Holders of the original meme coin have high hopes for Dogecoin (DOGE) this year. Dogecoin (DOGE) got started back in the early days of crypto, offering a change of pace from the stogey financial products out there. Things really got going for Dogecoin (DOGE) once Elon Musk got involved, though.
The popular billionaire tweeted about his fondness for the token and millions of people jumped on the bandwagon. The price of Dogecoin (DOGE) skyrocketed and Dogecoin (DOGE) became a household word.
Since then, Dogecoin (DOGE) has made its own way in the crypto market more or less without any influence from Musk. So, with or without a nudge, Dogecoin (DOGE) certainly has the potential to 50x this year.
Shiba Inu (SHIB)
After Dogecoin (DOGE) entered the limelight, it’s no surprise that several imitators came out. The only one of those to gain mass adoption was Shiba Inu. One possible reason that it did so well is that it is a meme coin on a mission. Shiba Inu wants to be the “Dogecoin killer.”
To that end, Shiba Inu (SHIB) is both close to and far away from its goal. In terms of ranking, Dogecoin is always around eighth in terms of market cap, whereas Shiba Inu (SHIB) tends to hover around thirteenth to fifteenth. That’s not far at all.
Judging by the actual dollar values of those market caps paints a different picture. Right now, the market capitalization of DOGE is around $10 billion compared to $5 billion for Shiba Inu (SHIB) . So, Shiba Inu (SHIB) has to double in value just to catch DOGE.
But, if Shiba Inu (SHIB) can 50x while DOGE remains relatively flat, we could see that happen this year.
Jumping from meme coins to DeFi, the newcomer HedgeUp (HDUP) is another strong contender to 50x this year. Not only is HedgeUp (HDUP) the sole occupant of the alternative assets niche, but the pace that it is moving through its presale is head-turning.
HedgeUp (HDUP) will initially be an NFT marketplace. The NFTs won’t be those first-generation digital art pieces though. These NFTs will be receipts that are backed by high-end alternative assets like diamonds, gold, and art.
HedgeUp (HDUP) will start on Ethereum, but soon after its launch, it will migrate to the Binance blockchain. Investors will be able to expand their portfolios by dabbling in assets that would have been out of their reach before.
Can’t afford a Renoir? No problem, buy a fractional share of it at HedgeUp (HDUP)’s NFT marketplace. In some cases, it will be possible to get started for as little as $1.
The HedgeUp (HDUP) presale is already in stage four. HedgeUp (HDUP) can be purchased for $0.036, but soon that will go up to $0.044. Savvy investors are getting in now.