SHIB Investors are Fearful as Burn Rate Jumps 3100%, HedgeUp (HDUP) Reaches $1 Million Milestone of Stage 2 Presale

Shiba Inu (SHIB), through the Koyo token project, has been on a mission to burn SHIB tokens. The goal of this initiative is to reduce the total supply of the meme coin with the hope of increasing its value. 

Shiba Inu (SHIB) launched with a total circulating supply of 1 quadrillion tokens. Since then, 410.63 trillion tokens have been burned, leaving 590 trillion in circulation. This is still a large number. 

In anticipation of the coming bull run, Shiba Inu (SHIB) has accelerated the burn rate. Data from the SHIB burn tracker, Shibburn, shows that the SHIB burn rate has increased by more than 3100%, which has caused some investors to worry about their holdings. 

According to SHIB’s lead developer, burning alone will not influence the token’s value. The team will also have to focus on developing new technologies to drive adoption.

HedgeUp (HDUP) presale continues to pass milestone after milestone. In its second stage, the presale raised more than $1 million. HedgeUp (HDUP) reached this milestone after selling more than 87 million HDUP tokens at $0.013. Now in stage 3, the price per token is $0.020. 

HedgeUp (HDUP) has enjoyed these successes thanks to its wonderful ability to attract investors. The token has been able to draw investors from all corners of the crypto industry. On-chain analysis has revealed that Shiba Inu (SHIB), Cardano (ADA), and Dogecoin (DOGE) whales have been accumulating HedgeUp (HDUP) tokens. 

According to experts, this is because HedgeUp (HDUP) has demonstrated a high potential for returns. Crypto analysts have predicted that the token’s value may 30x before the end of 2023. Other more optimistic analysts see it doing 100x or even 400x. This would mean a massive return on investment (ROI). 

HedgeUp’s (HDUP) projected performance is largely due to its utility. The token is backed by one of the most innovative projects in Web3 – an investment platform that leverages blockchain technology via NFTs to give people opportunities to invest in alternative assets. 

HDUP will be the internal currency of this platform. Investors will use it to pay for their investments and make bids. It will also serve as a governance token on HedgeUp’s (HDUP) decentralized autonomous organization (DAO). Overall, HDUP is one of the best upcoming utility tokens in decentralized finance (DeFi). 

Despite nearing its funding goals, it is not too late to buy the token. This is because HedgeUp’s (HDUP) presale is only in its third stage and the whole thing is scheduled to go on for five more stages. 

However, interested investors will want to take advantage of this sooner rather than later. The current price of $0.020 is only valid in the third stage, which is going fast. Once stage 3 closes, the price will go up to $0.0364 for stage 4, $0.0437 for stage 5, and so on.

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