New memecoins, like WOJAK, PEEPO, and Pepe (PEPE) have been having a good couple of weeks. The hottest memecoin in town, Pepe (PEPE), recently crossed the $800k mark in market cap. It should be interesting to see where the token goes from there.
Remaining within new projects, the investment platform HedgeUp (HDUP) is targeting the lucrative alternative assets market. The project hopes to be the first to bring alternative assets into the blockchain ecosystem.
Memecoin Pepe (PEPE) top 60 cryptocurrency
The meme coin Pepe (PEPE) has been making headlines for all the right reasons. The cryptocurrency, which is based on the Pepe (PEPE) the Frog meme, has exploded in popularity. Demand for the coin is at an all-time high and it has been consistently among the top-traded cryptocurrencies on decentralized exchanges (DEXs).
This has caused Pepe (PEPE)’s value to skyrocket. On April 18, the token was trading at $0.000000055142. Today, it is trading at $0.00000289, which represents almost a 5000% increase in value.
This rally has been the trend for quite a while. For example, in the past week, Pepe (PEPE)’s value has grown by 750%.
But perhaps the biggest news is the increase in market cap. In just a matter of weeks, Pepe (PEPE)’s market cap has surged past the billion-dollar mark. It now stands at $812,000 making Pepe (PEPE)’s the 57th largest cryptocurrency by market cap.
This rally has had certain effects on the market. The biggest of these is the increase in trading activity in other meme coins. For instance, the values of WOJAK and PEEPO have increased by more than 600% in a week.
However, Pepe (PEPE)’s juice doesn’t seem to have extended to longer-standing meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE), whose values have taken hits.
HedgeUp (HDUP) targets lucrative alternative market
The Web3 project HedgeUp (HDUP) is preparing to enter the alternative assets market by building a platform that lets users invest in products like valuable jewelry, luxury watches, rare artwork, and precious metals.
The alternative assets market is worth more than $17 trillion. However, investors in the crypto space haven’t really had a way to get in until HedgeUp (HDUP).
The HedgeUp (HDUP) project will partner with startups and vendors to tokenize alternative assets. They will create asset-backed NFTs that people can then trade on their marketplace. When a crypto trader buys these NFTs, they will be investing in the underlying alternative asset.
HedgeUp (HDUP)’s goal is to bridge the gap between crypto investors and alternative asset classes. They hope to provide an anonymous and secure way for crypto investors to invest in alternative assets within the crypto ecosystem.
The HedgeUp (HDUP) is live. Through the presale, the project is selling its internal token, HDUP, to investors at a highly discounted price of $0.020.
For more information about HedgeUp (HDUP) presale:
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
Source: https://nulltx.com/first-mover-americas-memecoin-pepe-surges-to-1b-market-cap-hedgeup-hdup-targets-17-1t-alternative-market/