Shiba Inu vs Dogecoin: Which is the best cryptocurrency to buy in 2022?

Cryptocurrency is all the rage today, but in 2022 there’s a big debate surrounding two of the most popular Shiba Inu and Dogecoin. Both are based on internet meme dogs so their popularity skyrocketed, and even Elon Musk tweeted at some point that Dogecoin would be the currency on the Moon.

But, before you throw your life savings into a “meme coin,” make sure you know what you’re buying. Learn more about the difference between Dogecoin and Shiba Inu below.

What is Dogecoin (DOGE)?

Following the massive success of bitcoin, dogecoin was launched in December 2013. Within one month there were over a million visitors to the official website. It started with a price of $ 0.006. Today, the coin has made over 5000% in 2021. 

Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It was introduced as a joke, but who knew it would become so significant in the crypto world. It is also used by retailers to receive payments anywhere in the world!

Let’s move on to know Dogecoin Price Prediction 2022 and beyond!

DOGE Price Prediction 2022:

DOGE price has undergone a steep downtrend since the start of January. It has wiped out 20% of its gains in the recent market crash. However, if the sell-off pressure continues to build up, then the alt is likely to return to its initial levels of $0.1085. If bulls return to the market then the price could even hit $0.25 followed by huge accumulation by Q1 2022.

The fact that Dogecoin is easy to mine has always kept the altcoin on the front seat. Moreover, this year the most popular crypto exchanges like Gemini and eToro have listed DOGE, causing the price to soar. If the currency gets listed in other familiar exchanges in the coming year, the DOGE price can soar again and strike at $0.382 by the end of 2022. However, considering the regular buying and selling pressures, the average Dogecoin price may be near $0.2639.

On the other hand, the fact that the digital currency does not still have a great value drives a negative impact on Dogecoin. Many believe it is just to be speculation and if this belief remains unaltered, then the price can slump to $0.1074.

Dogecoin Price Prediction 2023: 

Dogecoin price is expected to gain major traction in 2023 as meme space would become trader’s favorite to fight potential inflation threats. Hence, by the end of 2023, the meme coin would hit $0.45. With average buy and sell pressures the price is likely to end up trading at $0.38. However, the minimum possible is being $0.25. 

Related: Dogecoin price prediction 2025

5 Years Dogecoin Price Prediction:

An increasing FOMO with Elon Musk towards Dogecoin may impact the price to heat up reaching a high of $1 in the next five years. Secondly, if DOGE could survive with a substantial growth rate in a highly competitive space in the future, the averages shall strike at $0.697.

On the other hand, in the coming years, if aspects of the crypto like Zero staking rewards and not much functionality impact the market, then its price may fall. Thus, on the downside, the potential low might be around $0.4923.

Shiba Inu

Shiba Inu is a token on the Ethereum network. Fungible tokens like Shiba Inu are ERC-20 tokens, (as opposed to non-fungible tokens, or NFTs, which use the ERC-721 token standard). Since the token is powered by Ethereum, the Shiba Inu can leverage smart contracts to create decentralized finance (DeFi) products.

The DeFi sector has picked up steam this year with tokens like Uniswap, yearn.finance, and Aave skyrocketing in both price and adoption. These cryptocurrencies use smart contracts on the Ethereum blockchain to create decentralized exchanges (DEX), lending protocols, and even interest-bearing accounts.

The Shiba Inu has also entered the NFT space with Shiboshis, a collection of 10,000 NFTs themed after their pet Shiba Inu. The decentralized program uses the Ethereum network that allows NFTs to be auctioned, substituting a third party for smart contracts for transactions.

Look upon shib inu coin prediction 2022 and beyond!

Shiba Inu Price Prediction for 2022

If this year closes on a high note, the 2022 SHIB trade might commence with price value being bullish at $0.000018. But considering volatility troubles, if the price dips to a minimum, it might lose momentum stepping into next year’s trade. So then, the SHIB price may resume in 2022 at $0.000006.

If the network’s own DEX gets launched and runs flawlessly by 2022, the price might smash the $0.00003 mark. But, if Shibaswap does not become a practical reality, with usual buying and selling pressures, the average price for SHIB would be $0.0000228.

In contrast, if PoW becomes a hot debating topic again among various Crypto celebrities, a possible market crash might happen next year. In such a case, we can expect the price to hit support levels at $0.0000193.

shiba Inu Price Prediction 2025

Shiba Inu is more of a community-driven network, which has put the bulls on cards for the altcoin. In the coming years, if it manages to maintain a similar technology, it can move at decent figures even though there is not much development poised. By the end of the next five years, according to Shiba Inu coin future forecast, SHIB might trade at $0.0000861, on the average front.

The meme coin movement is gaining huge support from a diverse group of investors. Without following any formalities and protocol, if the meme currencies manage to keep up the hype, the world may see a better version of a fun and friendly digital coin. And so, the SHIB price can flip to $0.0000263.

A major concern about the network is the liquidity, and if investors fail to keep up the levels it might even end up getting delisted from prominent exchanges. In such conditions, with FUD, the token price might knock over at $0.0000497.

Will Shiba Inu Coin Reach $1?

The possibility of the Shibu Inu coin touching the $1 mark appears to be a far-fetched reality.

Currently, the Shiba Inu coin is one of the top 10 cryptocurrencies by market cap. But what makes the coin different from other popular digital coins such as Bitcoin is its volume. There is currently more than 1 quadrillion Shiba Inu coins in supply. One quadrillion equals one thousand trillion. So, if the price of the Shibu coin reaches $1, then the market cap of the digital coin will be $1000 trillion.

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