After what has been an underwhelming few weeks, the popular meme cryptocurrency Dogecoin (DOGE) looks like it may have to wait a little longer to recover. On the other hand, the presale token HedgeUp (HDUP) is having a much better time. Its value continues to grow as investors put their money into the project.
Dogecoin (DOGE) waits for a turning point
As the crypto market recovers, Dogecoin (DOGE) looks like it’s still waiting for something to turn the tide in its favor. And as we’ve come to expect, this ‘something’ often involves billionaire and Tesla CEO, Elon Musk.
Elon Musk has been a vocal supporter of the meme coin. In 2021, he wrote several tweets that many believe helped push the asset’s price upwards.
One tweet posted in January of that year caused the price of Dogecoin (DOGE) to grow by 300% in just four hours. But a few hours later, it fell again to trade at around 50% of its new high.
As 2021 came to a close, Tesla announced it will accept Dogecoin (DOGE) payments for some merchandise, with Musk tweeting that they would “see how it goes.” DOGE’s value rose by more than 20% as a result of the tweet.
So, it’s widely accepted that the billionaire can influence the price of Dogecoin (DOGE). The latest example came just recently. The now Twitter CEO temporarily replaced the blue bird logo of Twitter with that of a shiba inu dog. In response, the cryptocurrency rose by over 30% in just a matter of hours.
However, that has pretty much been DOGE’s highlight of the year. It is not showing any strong signs of recovery, at least not yet. Its value today stands at $0.078593, which is a 6.2% decline in the last 14 days and a 1.9% decline in the last 7.
HedgeUp (HDUP) continues to grow
HedgeUp (HDUP) fortunes have been quite good. The presale token is enjoying a largely successful ICO as investors rush in to buy HDUP. It just completed the second round after raising more than $1.11 million.
The next step for HedgeUp (HDUP) is the $2.4 million mark. The presale will sell HDUP tokens for $0.020 until it raises that amount. The funding goals will then be adjusted and the price bumped up in preparation for the next stage.
Funds raised during this presale go towards building HedgeUp’s project. This project will see the development of an alternative assets investment platform and the setting up of the HedgeUp DAO, a decentralized autonomous organization to oversee the platform. HedgeUp (HDUP) is also looking to partner with a metaverse company to create a virtual world for its community.
The HedgeUp (HDUP) presale is scheduled to go on for eight stages. Stage 3 just began today and is selling the token for $0.020.
The best way to approach a presale as an investor is to buy the token as early as possible. This is because token prices tend to increase as the presale progresses.
Click the links below for more information about HedgeUp (HDUP) presale:
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