The bear market looks to be coming to an end. So as cryptocurrency prices slowly recover, the market has a lot of optimism. Investors and traders have gained the belief that 2023 will be a profit-making year.
In line with this, crypto experts have been analyzing tokens to see which ones will top performance charts. Two likely candidates are Shiba Inu (SHIB) and HedgeUp (HDUP).
Can Shiba Inu (SHIB) 30x?
In the world of memecoins, Shiba Inu (SHIB) only comes second to Dogecoin (DOGE). The cryptocurrency was launched in 2020 by an anonymous group. The goal was for SHIB tokens to be used for tipping and other fun things online.
It was quite obscure when it launched and was worth almost nothing. But in 2021, Shiba Inu (SHIB) saw an explosion in popularity. This came after it was listed on several crypto exchanges. It drove a significant surge in value. So much so that some owners became millionaires.
Today, the token is trading at $0.000009845. And as the crypto space recovers, people are wondering whether it has the capacity to surprise the market one more time.
Well, experts say that while Shiba Inu (SHIB) may experience a surge in value in the summer bull run, it’ll likely be nowhere near what the token pulled off in 2021. This is because Shiba Inu (SHIB) has a circulating supply of 589 trillion tokens, which is too much to support any significant growth in value.
HedgeUp (HDUP): the presale that will 30x
One token that may 30x before the end of 2023 is HedgeUp (HDUP). HedgeUp (HDUP) is an ERC-20 token belonging to the Web3 project HedgeUp (HDUP). Unlike Shiba Inu (SHIB), the token is yet to start trading on exchanges. It is still in its presale phase, meaning it’s being sold at a discounted price to investors.
The presale is designed to help HedgeUp (HDUP) raise funds for its project. It is also an opportunity for investors to buy as much of the token as they can at a cheap price. According to the HedgeUp (HDUP) team, it will last a total of eight stages. Each stage will have its own funding target and price.
Stage 1, which saw the token sell at $0.009, ended a few weeks ago. The presale is now in the second stage. During this stage, investors will be able to buy the token for $0.013. This price will increase in the proceeding stages.
Crypto experts are backing this presale as one of the best investment opportunities of 2023. This is because according to expert analysis and predictions, the price of HDUP will 30x. This means a return on investment of 3000% before the end of the year.
Analysts say that HedgeUp’s (HDUP) potential success can be attributed to its utility. The token is a crucial part of HedgeUp’s (HDUP) investment platform and ecosystem. This platform will be the first investment platform in Web3 where users can invest in alternative assets.
On the other hand, the broader ecosystem consists of a decentralized autonomous organization (DAO), an online education masterclass, and a virtual world. In all these, HedgeUp (HDUP) will be used as the internal currency.
The token can be bought up today via the presale for only $0.013.
For more information about HedgeUp (HDUP)
Website: https://hedgeup.io/
Presale: https://app.hedgeup.io/sign-up
Telegram: https://t.me/HedgeUpChat
Twitter: https://twitter.com/HedgeUpOfficial