Unfortunately, Dogecoin (DOGE) has about double the market cap of Shiba Inu (SHIB). To close the gap, Shiba Inu has added several layers of utility over the years. Now, that trend is continuing, with Shiba Inu looking to form alliances with DeFi protocols.

Many people think that HedgeUp (HDUP) would be a likely blockchain to partner with Shiba Inu. Would the popularity of Shiba Inu and the deep utility of HedgeUp be enough to dethrone Dogecoin?

Shiba Inu (SHIB) Shiba Inu

(SHIB) began in 2020 as the little meme coin that could. During the bull run of 2021, the meme coin hit its all-time high (ATH) of $0.000086 on October 27. After that, SHIB rode the market down and stayed down, like everyone else, during the crypto winter.

That hasn’t deterred Shiba Inu (SHIB) from its task, though. While most meme coins run solely on popularity and social media hype, Shiba Inu has been steadily adding utility. It offers a decentralized exchange (DEX), an NFT marketplace, and a metaverse, and is working on a Layer 2 blockchain.

That is a significant amount of utility for a meme coin.

HedgeUp (HDUP)

Conversely, HedgeUp (HDUP) is starting with the utility and moving forward from there. The initial HedgeUp (HDUP) offering will be an NFT marketplace like no other. Instead of typical NFTs, HedgeUp’s (HDUP) will be digital receipts for partial ownership of alternative assets.

The alternative investment market is unknown to most people. It has always been a playground for the rich, with regular investors unable to afford the price of admission.

These are top-end items like artwork, jewelry, and rare drinks. Few people can consider owning items like this, much less speculating on them. But, the team behind HedgeUp (HDUP) wants to change all of that.

HedgeUp (HDUP) will procure, insure, and store these items before creating NFTs to represent them. Each asset will have several NFTs, making the cost of each of them very affordable. So, retail investors will be able to get in on this asset class for as little as $1.

That is just the tip of the iceberg, though. The NFT marketplace will be one facet of a large ecosystem. The HDUP token will be used as a governance token on the HedgeUp DAO and it will grant holders access to learning opportunities and the HedgeUp metaverse.

The presale for HedgeUp (HDUP) suggests that there is a terrific amount of interest in a DeFi product like this. The coin has blown through three stages already, with stage four about to end. Once that happens, the price of HDUP will go up from its current price of $0.036 to the stage five price of $0.044.

Bringing the two together

While Shiba Inu has name recognition and some DeFi products, nobody else has what HedgeUp (HDUP) is bringing to the table. ShibaSwap and the Shiba Army, combined with HedgeUp’s alternative asset marketplace could be an unbeatable combination. It would easily be more than enough to put SHIB ahead of DOGE.

For more information about HedgeUp (HDUP) presale use the links down below: