2023-6-8 08:23 |
The last long bear market lasted about a year and a half to two years. If history repeats itself, crypto as a whole should break free of the down market it’s been in very soon. Many investors expect that to happen this summer and are choosing the projects out there that suit them the best.
Some will take proven veteran projects, while other investors will put their hopes in the young bucks. Either way, there are strengths and weaknesses to each kind of blockchain. Only time will tell what the right decision was.
Dogecoin (DOGE)When it comes to salty, old, veterans, there aren’t too many coins more experienced than Dogecoin (DOGE). The original meme coin started as a fork of LuckyCoin, itself a fork of Litecoin. The intended purpose of Dogecoin (DOGE) was to lighten the mood around crypto and all the stuffy DeFi projects that were popping up.
The meme coin struck a nerve and built up enough of a community to stick around. Elon Musk gave the project a boost in 2021, making DOGE a household name. That propelled DOGE into the Top 10 of all currencies based on market cap.
Pepe (PEPE)Pepe (PEPE), on the other hand, is a new meme coin that cannonballed into the deep end of the pool. Right out of the gate, the coin based on the Pepe the Frog meme made waves and landed itself in the Top 50 of all tokens. It was a very impressive start.
The shininess faded somewhat though and the coin dropped in value. While it peaked at more than $1.4 billion, it quickly retreated hovering around the $450 million mark. That is enough to keep it in the Top 100, which is still very impressive for such a new coin.
HedgeUp (HDUP)Like Pepe, HedgeUp (HDUP) is a new project. Unlike Pepe, it is a DeFi project with multiple layers of utility. And, unlike any other DeFi project, HedgeUp (HDUP) is tackling the alternative asset niche. The newcomer to DeFi is skipping past the traditional banking functions that most DeFi blockchains emulate.
Instead, HedgeUp (HDUP) is bringing a new investment vehicle to crypto. Soon, investors will be able to speculate on things like artwork, exotic spirits, and high-end watches. While these are things that would normally be out of most people’s league, HedgeUp (HDUP) is harnessing the power of NFTs to make them affordable.
Each asset that HedgeUp (HDUP) brings into the fold will have several NFTs created for it. By buying the NFT, investors will have partial ownership of the original asset. Don’t want partial ownership? Buy up all of the NFTs and, by proxy, you’ll own the whole thing.
Risks and rewardsAll of these projects offer something different, from a known track record to freshness to utility. In the past, meme coins have gone to the moon and made millionaires in the process. However, for each meme coin success story, there are dozens of tragic losses.
At the same time, the utility of DeFi projects is what crypto is all about. Smart contracts automate the process and gains are much more predictable. The key to success is doing your own research and making choices that align with your goals.
For more information about HedgeUp (HDUP) presale use the links down below:
Website: https://hedgeup.io/ Presale: https://app.hedgeup.io/sign-up Telegram: https://t.me/HedgeUpChat Twitter: https://twitter.com/HedgeUpOfficialDisclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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