Is the cryptocurrency market experiencing a meme coin takeover? Are we being overrun by dogs and cats and frogs?
AiDoge is the latest meme coin to make headlines and rake in funding. Combined with the exceptional presale that Big Eyes had and the spectacular first month of Pepe, pundits couldn’t be faulted for thinking that DeFi and GameFi are relics of 2022.
Let’s take a look at where all the players stand, and which sector of the crypto market experts say will serve investors best.
Meme Coins
Meme coins have been around since 2013 when the Litecoin fork, Dogecoin (DOGE), was launched. Since then, there have been hundreds of imitations, especially since Elon Musk started talking about DOGE on Twitter. Like AiDoge, many of the meme coins have even copied Dogecoin’s iconic mascot.
Few have been able to imitate its success, though. Dogecoin (DOGE) is the eighth biggest cryptocurrency by market capitalization, with only Shiba Inu (SHIB) coming close. AiDoge and its proposed meme generator might make a bit of a splash, but it seems unlikely that the Panama-based project will have much bite.
The problem with meme coins is that they regularly fail to sustain the hype that they need. With good marketing, they can create a buzz, draw in some venture capital, and start off well, but then the honeymoon ends and the token price drops lower than its launch price because the next shiny object came along.
Decentralized Finance
DeFi projects are the complete opposite of meme coins. Typically, they have very little hype and don’t have a clever logo, but they put the currency in cryptocurrency.
One project has everything you could ask for in DeFi and could teach meme coins a thing or two about hype. That project is HedgeUp (HDUP).
Alternative assets are a $17 trillion industry and HedgeUp (HDUP) is bringing that to DeFi. Speaking broadly, everything not under the traditional finance umbrella is considered an alternative asset. However, HedgeUp (HDUP) will be dealing in luxury items that most people never get the chance to invest in.
HedgeUp (HDUP) will purchase, insure, and store precious items like art, jewelry, and exotic spirits. It will then create NFTs that represent fractional shares of those items. HDUP holders can then purchase the NFTs and own a piece of an asset they wouldn’t have been able to invest in otherwise.
The best part for investors? HedgeUp (HDUP) doesn’t have any competition. No other project is doing this and there aren’t even any projects on the horizon considering it. This gives HedgeUp (HDUP) a commanding presence within its niche.
But, HedgeUp (HDUP) isn’t resting on its laurels. There will be a DAO that will give HDUP holders voting rights, investing masterclasses, a metaverse, and more.
The final verdict
Like AiDoge, HedgeUp (HDUP) is still in presale. But, HedgeUp (HDUP) has a number of use cases and meme coin lovers are flocking to its banner. AiDoge may garner some interest for a little while, but it will be the asset-backed DeFi token that investors really want.
Click the links below for more information about HedgeUp (HDUP) presale:
- Website: https://hedgeup.io/
- Presale: https://app.hedgeup.io/sign-up
- Telegram: https://t.me/HedgeUpChat
- Twitter: https://twitter.com/HedgeUpOfficial
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.