As we move into the New Year, the first question on every crypto investor’s lips is ‘What are the best cryptos to invest in now?’. Today we look at 3 of the most popular choices; Dogecoin, Safemoon, and Shiba Inu, along with a newcomer you may not have even heard of yet…
On Apr 2nd, 2019, Elon Musk sent out a tweet that changed the face of crypto… at least for a year or two, when he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
If you had invested $1000 in Dogecoin at the beginning of 2021, those coins would now be worth $32,000. But with a market cap of $23 billion, can investors really see any further value in Dogecoin at this level? Is Doge really still a top crypto to invest into as we move into 2022?
Jonathan Morgan of FXStreet.com certainly believes so, predicting a 75% rally for Dogecoin from here based on technical analysis. Meanwhile, www.walletinvestor.com sets a Dogecoin price target of $0.4, around 130% up from today’s level. Perhaps there’s life in the old dog yet?
Safemoon has seen an almost 100% rally over the last week since completing their migration to their new V2 contract. 2021 was an interesting year for Safemoon, which exploded onto the scene in March, rallied to incredible highs in April, then steadily declined around 90% over the course of the rest of the year, leaving many investors ‘underwater’.
However, with great support from a reported 3 million wallet holders worldwide, an exchange, and some interesting, if not perplexing news about a Wind Turbine network called Project Pheonix, it seems the ‘Safemoon Army’ may be willing to put their hands in their pockets again in 2022 to support their favourite crypto project.
Many analysts are now predicting Safemoon to be a good crypto to invest in 2022, with the potential to regain their previous all-time high, which would mean a very healthy 330% price increase predicted for Safemoon in 2022.
EverGrow Coin is very much the wildcard on today’s list of the best cryptos to invest for 2022. As the newest project, and indeed the one with the smallest market cap, the risks should be carefully weighed up.
What we know so far about this project has impressed. A team of well-known blockchain, finance, and marketing experts, who all doxxed themselves at launch, run this highly ambitious project which has grown to 120,000 holders inside its first 3 months. Beyond that, the project is also unique and ground-breaking in that it pays its holders automatically in Binance pegged USD rewards – a record-breaking $31 million has been distributed to wallet holders since launch, meaning significant passive income for holders.
The project is perhaps the closest crypto to a traditional ‘Wall Street’ stock, as they can prove true fundamental value, something quite unique in the crypto space.
Over the last week, EverGrow have been on a real rally, having increased around 50% from their recent lows, but many analysts are saying this is just the start. With the roadmap and a strong team behind the project, perhaps EverGrow is the one coin on this list capable of serious returns. By serious we mean to say that anywhere from 5000-10,000% growth has been predicted for EverGrow for 2022. Perhaps one worth adding to your watchlist?
Shiba Inu (SHIB)
It is fair to say that Shiba Inu had a quite spectacular 2021, with investors seeing unprecedented returns that would’ve turned $100 into over $50 million in 12 short months.
So how on Earth can Shiba Inu trump those returns and is Shiba Inu still a good cryptocurrency to invest in now?
Well, sorry to say, but even the most optimistic investor will not be expecting 2022 to be anywhere like 2021 for Shiba, but it could still hold some upside for those who haven’t yet cashed out and bought their Lambo.
Cryptopredictions.com still see Shiba returning 300% over the course of 2022, not a return to the sniffed at. This would mean closing 2022 at a price of $0.0001.
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