The cryptocurrency space constantly evolves, and Ethereum (ETH) is no exception. With the recent price surge, experts are looking at alternative ways to increase their profits with ETH.
Two of the most promising projects that have caught the attention of investors are Shiba Inu (SHIB) and HedgeUp (HDUP). Both projects offer an innovative approach to increasing profit potential while providing a secure platform for trading cryptocurrencies.
Let’s explore why experts are so confident in Shiba Inu (SHIB) and HedgeUp (HDUP) when it comes to predicting Ethereum’s price movements. What are their unique features, how do they work, and what makes them stand out from similar platforms?
Why does ETH price matter?
The price of Ether is essential because it helps to establish the value of Ethereum as a platform and its currency, ETH. If demand for ETH increases, then its value will also increase.
Additionally, if traders can make more money from trading ETH than they would with other currencies or assets, then more people may be tempted to invest in ETH.
Many other assets follow the price of BTC and ETH. If they both go up, everything else tends to pump. If both drop, other assets will start dumping as people retreat into stables.
Why are experts confident in Shiba Inu (SHIB) and HedgeUp (HDUP)?
Both Shiba Inu and HedgeUp (HDUP) are exciting projects that have caught the attention of crypto experts. They offer an innovative approach to making money. Shiba Inu (SHIB) is a major player in the meme token game, while HedgeUp (HDUP) is trying to change the world, starting with its unique NFT marketplace.
Meme coins have no real value or use case. Most of the price action is influenced by social media people trying to ride the rollercoaster long enough to make life-changing money, then use new users as exit liquidity.
This is the current state of Shiba Inu (SHIB) and other assets in this class. However, the community is strong, and many think it can make a comeback and take over as the top token in the meme world.
Meanwhile, HedgeUp’s (HDUP) NFT marketplace is just the beginning of the team’s ambitious roadmap. While buying physical assets with crypto isn’t a new concept, purchasing a different type of asset class altogether with crypto makes the protocol a class all by itself.
Pair this idea with incredible DeFi tokenomics and a long-term vision that includes building its own banking system, and the HDUP team is looking to essentially create its own ecosystem.
Will ETH prices impact HDUP?
ETH prices tend to impact most DeFi projects. However, the volatility has not affected the HDUP presale, which is still amassing startup capital. HedgeUp’s price will move with ETH but will correlate with BNB. This is good news, as BNB tends to be less volatile.
Even though experts are confident in their predictions, they always advise traders to only invest what they can afford to lose. Always do your own research and carefully weigh the risks before investing in ETH.
The future looks bright for Ethereum and HedgeUp (HDUP). If the market turns around, meme tokens like Shiba Inu (SHIB) may also still have some time to shine.
Click the links below for more information about HedgeUp (HDUP) presale: