SHIB’s miraculous run will ultimately collapse, but on the other hand, there are several reasons to believe that Shiba Inu’s reign may soon come to an end.
For example, SHIB has little practical use outside of a cryptocurrency exchange.
When it comes to competitive advantages, the Shiba Inu also fails the sniff test. To put it another way, Shiba Inu does not have a leg up in terms of transaction processing ability.
Shiba Inu is also being diluted by other blockchain initiatives. According to CoinMarketCap.com, there are around 13,500 cryptocurrencies in existence today, with the number growing all the time. To put it another way, Shiba Inu is far from the most efficient or cheapest payment coin available.
According to history, Shibas are in big danger. All of the other payment coins that have seen a five- or six-digit percentage increase subsequently lost more than 90% of their value.
I may not be absolutely correct, but I see more prospects and a brighter future for the following cryptocurrencies, compared to Shiba Inu.
Top 3 most popular Cryptocurrency in 2022
With all of these reasons to invest in cryptocurrency, it’s no wonder so many people are doing so! So if you’re considering adding some cryptocurrencies to your investment portfolio, here are a few you might want to consider:
Not surprisingly, Bitcoin still reigns supreme in the world of digital currencies. With a market cap of over $100 billion and nearly 18 million Bitcoins currently in circulation, it’s easy to see why this is such a popular cryptocurrency.
And while it’s true that Bitcoin is not quite as easy to use as other cryptocurrencies, the number of businesses and individuals who accept Bitcoins in exchange for their products and services continues to increase.
Ripple offers both a payment network (RippleNet) and a digital currency (XRP), so if you’re looking for potential synergy in your cryptocurrency portfolio, XRP is definitely worth considering.
RippleNet brings banks and payment providers together in order to increase the speed at which transactions are processed, while also lowering costs. You can purchase XRP directly using US dollars or Bitcoin, but you should do some research to determine if this investment option fits your needs.
Ethereum is also a payment network, but it is specifically designed to offer not only blockchain-based payments but also smart contract applications. Ethereum can be purchased using both US dollars and Bitcoin, so you should find it just as easy to purchase this currency like the others on our list.
Cryptos with Potential Take-Offs in 2022
Solana is a new high-speed blockchain that is capable of performing more than 710,000 transactions per second.
The lead developer on the project is Stanford professor, Anatoly Yakovenko – who had worked on some very popular projects before including Ripple and run quorum which was later bought by JP Morgan. As of January 2018 the platform has already acquired more than 100 million USD in funding.
The ICO is set to start on Jan 2018 and would be one of the first ones to take place on Coin list which is a new platform by AngelList – A prominent player in the Cryptocurrency space who has been helping startups raise funds via Bitcoins ever since 2013.
Solana is a platform that aims to introduce blockchain technology into the real estate sector. You’ve undoubtedly heard of it since it’s in the top 10 largest cryptocurrencies by market capitalization. But experts believe there is potential for growth.
The approach to DeFi used by Solana is what makes it so strong, and its proprietary proof-of-stake method, according to Eric Schiffer, the Patriarch Organization’s chief executive.
The idea is that you can make money by simply holding a cryptocurrency in your own personal wallet. With this method, you may earn on auto-selling and trading cryptocurrencies.
This is more of a road map than anything because it has many holes, but the concept was nevertheless announced as one of CoinList’s top ten predictions for 2019.
The Proof-of-Stake mechanism was introduced to enable individuals to mine new coins in a greener way than Bitcoin’s method.
According to Hanna Halaburda, an associate professor at NYU Stern School of Business, the Solana and Avalanche are two examples of crypto with a clear goal, as opposed to meme coins like Dogecoin, which have no purpose.
The cryptocurrency exchange Gemini claims that Avalanche is one of the many projects aiming to “overturn Ethereum,” one of the most widely used blockchain systems, as one of the most popular digital assets.
A Blockchain, one of the technologies that underpin cryptocurrencies, keeps data safe by maintaining it in a way that prevents any single person or entity from obtaining access to it. The most widespread blockchain network is Ethereum.
A $220 million investment fund has just been established to help develop Avalanche, which can handle 4,500 transactions per second compared to Ethereum’s approximately 13.
Do you want to make money playing video games instead of working a regular job? Technically, this is possible. In the game Axie Infinity, players purchase creatures and pit them against each other in order to gain tokens that may be redeemed for real money. Many Filipinos have turned playing into a full-time occupation during the covis-19 pandemic.
“If you’re searching for the next cryptocurrency that has a 15,000 percent growth potential, you’re probably looking at the gaming and virtual world industries,” says Shidan Gouran, founder of Gulf Pearl, a blockchain merchant bank and consultancy.
Meme coins are based on internet hype, making it difficult to forecast which ones will thrive. However, Daniel Polotsky, the creator of CoinFlip, a Bitcoin ATM firm, has been interested in Samoyedcoin because of its meme nature.
Samoyed is a cryptocurrency that was introduced in July, 2018. It’s meant to be a jovial and entertaining ambassador for Solana, according to Polotsky. Because Samoyed exists on the Solana blockchain, it gets faster transaction times than Dogecoin or Shiba Inu
Another decentralized blockchain network, Neo offers not only a digital currency (Neo or GAS) but also the ability to create and deploy smart contracts. If you invest in this cryptocurrency, you’ll be purchasing a stake in the company that is managing it.
Fetch.ai is much about connectivity and interactivity in the world of Internet of Things (IoT) devices and algorithms in order for them to learn together. It was founded by a group of researchers and developers based in Cambridge, United Kingdom, in 2017.
According to CoinBase, Fetch.ai is a decentralized machine learning platform for applications such as asset trading.
Fetch.ai has developed apps for Uniswap users that automate their trading.
The FET cryptocurrency is an Ethereum-based currency that drives Fetch.ai. It has appreciated by more than 15000 percent in the past year.
Parkpine Capital’s Ahmed Shabana claims that Fetch.AI is using its technology to power real-world applications.
And last but certainly not least is a new cryptocurrency known as Cardano. This currency was launched in 2015 and bills itself as more secure than Bitcoin and Ethereum, while also being easier to scale. Cardano is still under development, but you can purchase it using US dollars or Bitcoin.
Whether you choose to invest your hard-earned money in cryptocurrencies, stocks, bonds, cash savings accounts, or something completely different, it’s important to remember that there is a good chance your investment portfolio will perform better if you diversify.
And the fact of the matter is that cryptocurrencies have been performing exceptionally well over the last couple of years, so they may be a great addition to an investment portfolio in 2018 and beyond!
Why Invest in Crypto in 2022?
Crypto is the next big thing in the world of finance, and below are some of the reasons you should consider an investment in Cryptocurrency this new year.
6 reasons to invest in cryptocurrencies in 2022. Here are a few:
1. The global popularity of cryptocurrencies is on the rise, and this trend is expected to continue.
2. Cryptocurrencies are becoming more mainstream, and more businesses are accepting them as payment.
3. The value of cryptocurrencies is likely to increase in the future as they become more popular and more widely accepted.
4. Investing in cryptocurrencies is a way to diversify your investment portfolio, and it may provide greater returns than other investment options.
5. Cryptocurrencies are easy to buy, sell, and hold via online exchanges.
6. There are so many different cryptocurrencies to choose from that you may find one that is specifically tailored for your needs or desires.