In recent months the world of cryptocurrency has seen some positive momentum. With all the positivity, crypto adherents start buzzing with excitement, especially over projects such as Shiba Inu (SHIB). The meme-inspired cryptocurrency, named after the famous Japanese dog breed, has gained a record number of new holders, with HedgeUp (HDUP) and Dogecoin (DOGE) following closely behind.
Shiba Inu (SHIB) is growing fast
The number of long-term investors in Shiba Inu (SHIB) has grown to unprecedented heights. The number of addresses that have held Shiba Inu (SHIB) for over a year has surpassed 835.000.
Shiba Inu (SHIB) was created recently in August 2020 as an ERC-20 token on the Ethereum blockchain. It was created by an anonymous individual or group of individuals named “Ryoshi.” Like Dogecoin (DOGE), Shiba Inu (SHIB) was inspired by the popular “Doge” internet meme. It features a cute and playful Shiba Inu dog as its mascot.
One of the reasons why Shiba Inu (SHIB) has gained so much popularity is its low price. It has been marketed as a “Dogecoin killer,” hoping to become the next big meme-inspired cryptocurrency. Its low price has made it accessible to many people, especially those who cannot afford to infuse in Bitcoin (BTC) or other high-priced cryptocurrencies.
Another reason for Shiba Inu’s (SHIB) popularity is the community surrounding it. The Shiba Inu community is active on social media platforms such as Reddit and Twitter, where they share news, and memes, and engage in discussions about the future of the cryptocurrency. The community has also organized several charitable initiatives, such as donations to dog shelters.
So, what is HedgeUp (HDUP), and why has it gained so much popularity?
HedgeUp (HDUP) is a new cryptocurrency that is gaining popularity. It was created by a team of developers who aimed to create a decentralized platform. Using NFTs, users can infuse on the HedgeUp (HDUP) in any asset on a fractional basis, which means that with less than $1, people can start infusing in otherwise expensive assets such as gold, watches, art pieces, and more.
While HedgeUp (HDUP) is not a meme-inspired cryptocurrency like Shiba Inu (SHIB), it has gained popularity due to its innovative approach. HedgeUp (HDUP)’s decentralized nature and use of blockchain technology make it an attractive opportunity for those interested in the cryptocurrency market.
It only took Shiba Inu (SHIB) a little bit over a year to reach its all-time high, which was a million-fold price increase from its inception. With HedgeUp’s (HDUP) promising use case, it would be no surprise to see similar gains. Since the project is still in the presale phase, prices come at a bargain.
Dogecoin (DOGE) not far behind
Dogecoin (DOGE), on the other hand, is a meme-inspired cryptocurrency that has been around for much longer than Shiba Inu (SHIB) and HedgeUp (HDUP). It was created in 2013 by Billy Markus and Jackson Palmer, who aimed to create a fun and friendly cryptocurrency that would appeal to a wider audience. While Dogecoin (DOGE) did see an increase in users, Shiba Inu (SHIB) and HedgeUp (HDUP) seemed to perform better.
For More Information on HedgeUp, visit the website, join the presale or join the community.
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