2021 was arguably the year of the memecoin, but will investors in 2022 be looking for hype and celebrity endorsement, or will value and utility lead the pack? Today we compare the top memecoins and the top utility projects to see which cryptos will perform best next year.
Shiba Inu (SHIB)
Shiba Inu currently sits at a staggering $19 billion valuation, and those who invested at the beginning of 2021 have likely been celebrating Christmas on their private yachts in the Caribbean. But for those mere mortals who missed out on turning $100 into $50 million over the last 12 months, is there still potential to make money from Shiba in 2022?
Popular price prediction website CryptoPredictions.com sees Shiba hitting $0.000084 in Q1 2022, $0.000088 by Q3, and killing a zero to reach $0.0001 by the end of the year. This would mean a further 300% potential upside for Shiba Inu investors over the next 12 months – perhaps not enough to mint another 1000 Shiba millionaires, or turn your Camry into a Superyacht, but a healthy return all the same.
Probably the least known on our list, EverGrow is an interesting proposition for crypto investors. With a current market cap of around $350 million, it is the smallest project on our list, but could potentially be the one with the biggest upside for 2022.
For those looking for a serious project, with true fundamental value, crypto certainly ticks all the boxes. Launched just 3 months ago, the project has paid holders over $30 million worth of $BUSD rewards, and just recently announced that its content creation platform, Crator, will be the first fully crypto integrated social media platform to reach the metaverse.
With a team of serious big hitters from the world of finance, blockchain, and marketing behind the project, progress with their ambitious roadmap could propel EGC to the top 20 of global cryptos in 2022. Decent execution from here could see that modest $350 million value skyrocket anywhere from 1000% to 10,000% during 2022. A risky newcomer? Perhaps. But EGC looks worthy of forming at least a small percentage of your crypto portfolio.
When Elon Musk isn’t building rocket ships to Mars, he’s tweeting about one particular doggy-themed memecoin – Dogecoin. Elon claims he got behind Doge because workers at his factories were talking about a coin ‘created as a joke’ by software engineers Billy Markus and Jackson Palmer, all the way back in 2013.
$1000 invested in Doge at the beginning of 2021 would’ve grown to an eye-watering $32,000 over the course of the year. Despite this already meteoric growth, www.walletinvestor.com has an end of 2022 price prediction for Dogecoin of $0.4, which would net investors a further 135% in returns over the next 12 months.
Dogelon Mars (ELON)
Dogelon Mars was launched back in April this year at a price of $0.0000000037 and today trades at $0.00000125. A 33,683% 9-month return.
It is notoriously difficult to predict the price of a memecoin, and Dogelon Mars could be the ultimate memecoin, with its founders not having been shy in their attempts to exploit any possible Elon Musk link. With the name being made up of 3 parts – Doge, Elon Musk’s favourite crypto, Elon, Elon’s name, and Mars… Elon Musk’s future home, is possibly the most blatant attempt by any project to exploit the Elon link. But has it been a successful one? With a valuation of nearly $850 million, it’s difficult to argue the ploy hasn’t worked!
Can Dogelon Mars follow on from their staggering 2021 returns? Analysts at www.cryptonewsz.com predict Dogelon Mars hitting $0.000004 by the end of 2022, which would be a further 212% increase over the current level.
For those who haven’t heard of Bitcoin… perhaps you made it to Mars before Elon and have been living there for the last decade! Bitcoin is the daddy of all cryptos, the first and the biggest. Early investors moved past superyachts many years ago, and perhaps have their sights set on buying up a small country. With Bitcoin standing at a mere $48,000 a coin, is there any point in having the world’s number one crypto in your portfolio for 2022?
Most analysts would say yes. Bitcoin is the ultimate crypto store of value, and the majority of crypto investors insist on having at least some of it in their wallet. Bitcoin has real-world use these days, it can be bought and sold easily at a low cost and is recognised globally.
www.independent.co.uk predicts Bitcoin to rally past $100,000 per coin in 2022, which would see 100% or more returns for those remaining faithful to the original cryptocurrency.
Ethereum is the world’s second-biggest cryptocurrency by market cap, at $450 billion, around half that of Bitcoin at number one. Despite a volatile 2021, investors in Ethereum would’ve still seen around 450% returns over the course of the year.
Back in August Ethereum was forced to split into two chains following a bug that made the network vulnerable to attacks. Further issues developed as rivals showed Ethereum to be ‘slow and expensive, with high profile investors openly leaving the project.
With the Ethereum 2.0 upgrade planned for 2022, and backing from Billionaire Mark Cuban, Ethereum could still have a stellar year despite recent challenges. www.investingcube.com predict Ethereum could more than double over the next 12 months, hitting $10,000 by year-end.