Can HedgeUp (HDUP) Replicate the Success of Shiba Inu (SHIB) and Dogecoin (DOGE) Before the Bull Run?
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HedgeUp (HDUP) has been attracting a lot of attention lately. All indicators show that the innovative Web3 project is gearing up to take the market by storm. But before the next bull run, investors want to know whether it will replicate the successes of Shiba Inu (SHIB) and Dogecoin (DOGE).
Dogecoin (DOGE) and Shiba Inu (SHIB) in the 2021 Bull Run
Investing early in a project is one of the best decisions in the crypto market. And apart from Bitcoin (BTC) and Ethereum (ETH), no coins in the last bull run proved this better than Dogecoin (DOGE) and Shiba Inu (SHIB).
Dogecoin (DOGE) and Shiba Inu (SHIB) are meme coins. But in the previous bull run, they were the top performers and provided investors with excellent returns.
Dogecoin (DOGE) was trading at $0.01 at the start of January 2021. In just five months, the token went on to hit an all-time high (ATH) price of $0.73. That may be a little compared to Bitcoin, which peaked at more than $60,000. But when you consider the starting price, it becomes one of the best-performing tokens of the bull market.
Dogecoin (DOGE)’s ATH of $0.73 represented a 7,300% increase in value in five months. Even better for the early investors that got in when the token launched in 2014 at $0.000554, this was a 131,768% ROI.
It’s the same story with Shiba Inu (SHIB), which was launched in 2020 and started 2021 worth nearly nothing, peaked at $0.00008616 in October 2021. Again, that’s not much. However, it provided an ROI of way more than 1000000% for early investors, turning many of them into millionaires.
So, with the hype around HedgeUp (HDUP) and its cheap price (just $0.013 thanks to an ongoing presale), many people are wondering whether it is the next Shiba Inu (SHIB) /Dogecoin (DOGE).
Can HedgeUp (HDUP) Replicate Their Successes?
First things first, unlike Shiba Inu (SHIB) and Dogecoin (DOGE), HedgeUp (HDUP) is not a memecoin. HedgeUp (HDUP) is a Web3 project building a platform for people to buy and trade alternative assets through NFTs. On this platform, people can fractionally invest in assets like gold, jewelry, diamond, watches, and more.
This is making investing in alternative assets easy for people from all walks of life. Therefore, investors see a lot of potential in the project.
And when the project does well, the token will also do well. Conservative estimates predict HedgeUp (HDUP) may go up as much as 30 times its current value before the end of the year. While the more optimistic ones put that number closer to 100x. That would be a 3000% to a 10,000% ROI.
Although not as massive as those of Shiba Inu (SHIB) and Dogecoin (DOGE) in the previous bull run, it is still an excellent ROI. Many investors seem to recognize this and are rushing to buy the token, which is currently in stage 2 of its presale.
So far, they have bought up 75.7 million tokens. Only 16.8 million remain. Interested investors are encouraged to buy now as the price is scheduled to increase in the proceeding stages of the presale.
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