Crypto hasn’t exactly hit the ground running in the first half of 2023. Based on the previous bear market, many analysts predicted that this year would see a strong bullish trend return, but so far that hasn’t been the case.
The starts and fits of the market have caused plenty of volatility and have chased investors away from riskier propositions towards more certain returns. So, Shiba Inu and Monero faithful are selling out and jumping on the bandwagon.
The market slumped as we headed into May, with Shiba Inu (SHIB) faring worse than the market falling to eighteenth overall with a market cap below $4 billion. Bad dog!
Shiba Inu (SHIB) is a meme coin that rose to prominence in the second half of 2021. At the time, the project didn’t have much to go on other than social media hype. Since then, it has built some utility on the back end, adding an NFT marketplace and a decentralized exchange (DEX), ShibaSwap.
Shiba Inu (SHIB) is also building a Layer 2 blockchain, Shibarium, which may bolster investor confidence, but for the time being, many of those investors have moved on.
Shiba Inu (SHIB)
The self-proclaimed “Dogecoin Killer” has had a rough go of it recently. The crypto market as a whole saw a big jump in April that had many believing that crypto spring was here. At that point, Shiba Inu was the thirteenth biggest coin by market cap.Monero (XMR)
Monero (XMR) is a blockchain that prioritizes security and anonymity above all else. It has several layers that ensure transactions are as muddled as possible. With crypto enthusiasts’ love of decentralization, this should make Monera an instant hit. However, Monero (XMR) has drawn a significant amount of attention from government agencies around the world. Those agencies have put pressure on Monero and the people who use it, citing concerns over illicit activities being conducted on the blockchain. This creates something of a love-hate relationship between Monero and its users. This is especially true right now since the Securities and Exchange Commission (SEC) in the United States has been on a rampage. With the recent lawsuits against Coinbase and Binance, many investors may see this as a good time to put their money elsewhere.HedgeUp (HDUP)
For many Shiba Inu and Monero investors, elsewhere is turning out to be . The innovative DeFi project is bringing alternative assets to the blockchain. Now, retail investors will be able to get in on an investment that has previously been exclusively for the rich. will purchase and tokenize luxury assets such as jewelry and art. By creating dozens of NFTs for each item, its NFT marketplace will allow investors to own a piece of these potentially lucrative assets. Over time, will also provide investment masterclasses, a metaverse, and other benefits unlocked by holding the HDUP token. With the uncertainty of crypto, it isn’t hard to see why the presale is bringing in so many new investors every day. The project has cruised through the first half of the presale, with HDUP going from $0.009 to $0.036 in less than 2 months.For more information about HedgeUp (HDUP) presale use the links down below:
- Website:
- Presale:
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