The last few weeks have seen the emergence of some very interesting crypto coins. These include the meme coin Pepe (PEPE) and the presale token HedgeUp (HDUP). Given Pepe’s (PEPE) performance in the cryptocurrency market, can it be considered a good investment?
And what is it about HedgeUp’s (HDUP) return on investment (ROI) that is earning Litecoin (LTC) comparisons?
Is the meme coin Pepe (PEPE) a good investment?
Pepe (PEPE) is a meme coin inspired by the frog meme, Pepe. The token was launched on April 18. Its first two weeks were relatively quiet and it seemed like just another meme coin destined to emerge and die before anyone noticed.
However, the market had something else planned. At the start of May, Pepe’s value began to rise. This brought the token into the limelight, causing an increase in demand. This sudden rise in demand further pushed its value upwards.
Over the next few days, Pepe’s (PEPE) value rose sharply to reach an all-time high (ATH) price of $0.00000431. This was more than a 3,000% increase in price from its launch price.
With this much return, Pepe (PEPE) quickly became the most traded meme coin on decentralized exchanges. So, is it a good investment?
Well, not really. Since May 5th, Pepe’s (PEPE) price has consistently dropped. It is currently trading at $0.000001435. This represents a 25.7% price increase in less than three weeks.
All signs show that this trend will continue since the demand for Pepe (PEPE) has reduced. So, the meme coin is not a good short-term investment. And being what it is, its long-term prospects are no better. The token has little to no utility, so much of its value is down to speculation.
Why Litecoin (LITE) and HedgeUp (HDUP) ROI are standing out
On the other side of the coin, we have HedgeUp (HDUP). HDUP is the utility token of the platform HedgeUp (HDUP). This is a Web3 project building an investment platform on the Ethereum blockchain to serve investors looking to buy into alternative assets.
HedgeUp (HDUP) is currently in presale. Investors who participate get to buy the token at a cheap price, which allows them to maximize the return on investment.
HedgeUp (HDUP) tokens are currently going for $0.020. At the end of the presale, they will be selling for $0.0887. This assures investors gains of more than 300%. And when the token goes live on exchanges, analysts predict that it will gain as much as 10,000% before the end of the year.
This has earned HedgeUp (HDUP) comparisons to Litecoin (LTC). Litecoin experienced its first bull run in 2017, during which its value grew from $3.88 to $355 in a matter of months. This was a 9149% ROI for Litecoin (LTC) investors.
Since some experts have backed HedgeUp (HDUP) to match that, HDUP is one of the hottest presale tokens in the market.
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