Bitcoin was developed to give regular citizens access to foreign currency that was independent of their governments. Every country on Earth has grossly manipulated fiat foreign currency throughout the years.
Decentralized finance (DeFi), which emerged with the advent of cryptocurrencies, is at the core of what blockchains are all about. Nevertheless, new applications such as GameFi and meme cash have emerged over time.
Meme cash has perhaps undergone the most amazing evolution in cryptocurrency of all of these. They often don’t offer much in the way of utility and are merely there for existence’s sake. Some meme cash even compete with the best cryptocurrency tokens currently available.
The main theme of cryptocurrencies is independence from governmental overreach. Many blockchain projects have taken advantage of this impartiality and created communities that have lasted for many years. All of this is true even though they serve no useful purpose.
One of these initiatives is referred to as Shiba Inu (SHIB). It gained significant traction during the bull market of 2021 and is based mainly on a popular dog meme from a few years ago. Along the way, it made a few of early adopter’s wealthy despite lacking a “product” to offer its audience.
Currently, it ranks as the fifteenth biggest cryptocurrency by market capitalization.
Pepe (PEPE), a popular meme coin based on the Pepe the Frog meme, is another example. It debuted in April 2023 and immediately became popular. With only social media enthusiasm behind it, PEPE entered the Top 50 cryptocurrencies in just one month.
The existence of cryptocurrencies and blockchain technology is due to decentralized financial services. Bitcoin emerged from the global financial crisis but was put on hold as a result of the unreasonably slow recovery.
People saw how governments squandered their finances and wished for a Plan B all around the world. The DeFi industry has been copying centralized banks’ services up until recently, allowing crypto users to borrow and lend on decentralized exchanges (DEXs).
HedgeUp (HDUP) is now enrolling DeFi in an entirely new course. Instead of offering traditional banking services, HedgeUp (HDUP) will expose cryptocurrency enthusiasts to a variety of property. Retail customers will be able to speculate on luxury goods that they have previously been priced out of through HedgeUp’s (HDUP) NFT market.
The team behind HedgeUp (HDUP) will collaborate with third parties to gather different property, like jewels, expensive watches, and original artwork. On the market of HedgeUp (HDUP), NFTs representing these assets will probably be purchased. An investor will so own a portion of the underlying asset by holding an NFT.
The final assessment
DeFi will always be able to offer usefulness, even while crypto is currently popular enough for meme money to make a big splash and build up a following. What will keep customers coming back again and time again is that utility.
Perhaps this explains why HedgeUp (HDUP) has advanced through its presale so quickly. Stage 1 began in April, with the HDUP token costing $0.009. The project has now raised almost $3 million, and HDUP has contributed up to $0.036.
Buyers who want significant favorable aspects in 2023 are therefore turning to HedgeUp (HDUP).