Shiba Inu, Floki Inu, and Dogecoin are three of the most famous coins widely covered in cryptocurrency news outlets. These coins have shown excellent price growth potential and are considered worthwhile investments. But will this optimism last till the end of 2022?
Dogecoin was established as a joke for crypto fans and named after a once-popular meme. Despite its strange origins, it exploded in 2021.
Dogecoin rose in value by over 5,000 percent in 2021. Tesla CEO Elon Musk is a fan, calling Dogecoin his favorite cryptocurrency. Musk also vowed to place a Dogecoin token on the moon.
Shiba Inu, founded in August 2020 by Ryoshi, is named after the cute dog of the same name. Don't mix it with Dogecoin, which has the same breed as its mascot. Shiba Inu is a "Dogecoin killer."
Shiba Inu's price increased tenfold in October 2021, giving it a market capitalization of $35 billion (as of October 31, 2021). On October 4, 2021, Tesla founder Elon Musk tweeted a picture of his new Shiba Inu puppy Floki, sparking the meme coin's price spike.
Floki Inu is a popular crypto dog imitation coin. Elon Musk, the millionaire CEO of Tesla, inspired it. The meme coin was established by an unnamed group of Shiba Inu enthusiasts.
The coin uses both Ethereum and Binance Smart Chain (BSC). It has goals it hopes to reach with the help of its enormous "Floki Vikings" community.
Many forecasts regarding the price of meme currencies in 2022 have been published in cryptocurrency news outlets. Many predict they will continue to flourish, while others fear they will become obsolete.
With a $23 billion market value, Elon Musk's fave coin is among the most attractive investments. Even though the project's creator admits it was created as a 'joke,' investors in 2021 would have watched $1000 grow to $32,000 in a year. Perhaps such tremendous returns are no longer conceivable for Dogecoin, but many analysts remain hopeful. Some analyses predict $0.4. By the end of 2022, investors will have gained roughly 130% if this happens.
Shiba Inu was an imagined crypto king in 2021. The meme coin named after Elon Musk's pet dog saw profits of $50 million in 2021, according to Analyticinsight.
Clearly, Shiba cannot deliver similar gains again, but many analysts forecast healthy returns for 2022. Some forecasts say Shiba will hit $0.0001 in 2022. This 300 percent return would turn your $50 million into $200 million, enough to skyrocket someone’s portfolio.
Floki joins a whole family of meme coins produced in the last year or so to get Elon Musk's attention. Floki Inu was named after Elon's Shiba Inu dog, Floki, and has now reached $1 billion worth!
Analysts expect Floki Inu's price to rise in 2022. Some predict say Floki will end 2022 at $0.0002475461, a 1200% rise. Some others believe Floki will reach $0.000847, a 650 percent return for investors in Elon's dog-themed meme coin.
The above price prediction for meme coins is based on their last metrics. This pattern may persist for months or years. But there are numerous variables. Their fate in meme currency is unclear. Others think they lack solid fundamentals and can never become mainstream. After all, investing in cryptocurrency should be done with caution and a willingness to lose money.
Shiba Inu and Floki Inu are trying to add more utility to their ecosystem. It makes them more reliable investments. But there are still many steps in front of them in terms of progressing and moving toward bigger price gains.
Shiba Inu, Floki Inu, and Dogecoin are three of the most famous coins widely covered in cryptocurrency news outlets. These coins have shown excellent price growth potential and are considered worthwhile investments. But will this optimism last till the end of 2022?
Written by Sam
COINRATECAP