In 2021, the total volume of the cryptocurrency market more than double. Dogecoin and Shiba Inu, for example, have had a significant influence on the industry. These cryptos have a lot of promise in 2022; today, we'll go over the most intriguing characteristics of each project and where you should keep them in 2022.
Dogecoin
Dogecoin, often known as DOGE, is a cryptocurrency based on the popular internet meme 'doge.' It is known as the first "meme coin," as well as the first "dog coin." Software developers Billy Markus and Jackson Palmer created the open-source digital currency. The designers decided to create a lighthearted payment system that mimicked bitcoin market speculation.
Doge's current market capitalization is $24,174,825 dollars, with a circulating supply of 132.67 billion DOGE coins and an infinite maximum token supply. Dogecoin is undoubtedly the most speculative cryptocurrency to have gained traction in the market. The meme currency had a tremendous increase in acceptance in 2021. It gained traction and support after Tesla CEO Elon Musk declared that it was his favorite coin.
Dogecoin gained widespread support and acceptance as a mode of payment, and it became viral, mostly on Reddit and Twitter. Dogecoin has been listed on exchanges, and you can purchase the meme coin on Binance, Huobi Global, and Coin Tiger. On these exchanges, you may also trade Dogecoin. Participating in a community that uses cryptocurrency can earn you DOGE. The Dogecoin community of owners and supporters is rapidly expanding.
Tesla CEO Elon Musk recently declared that the coin will be accepted as payment for items, which is likely to boost Dogecoin's value. This is already apparent since the currency increased by 20% following the announcement. For the year 2022, the DOGE cryptocurrency is one to purchase and hold.
Ever Grow (EGC)
Ever Grow is a new cryptocurrency that has just been released on the Binance Blockchain. It boasts a one-of-a-kind incentive scheme for its owners, and it is perhaps the first cryptocurrency to generate revenue in BUSD. It was released in September 2021, and within three weeks, it had over 24,000 holders. It has paid out approximately $33 million BUSD to its holders. It just reached a milestone of over 130,000 users.
EGC is designed to become scarce over time. 3 percent of each transaction is used to purchase back tokens from exchanges. It has a maximum supply of 1,000,000,000,000,000 coins and a market capitalization of approximately $400 billion dollars.
Ever Grow (EGC) has a different path than other cryptos, including NFT marketplace, staking pools, NFT lending ecosystem, and Crator, a content subscription platform that lets content producers to sell exclusive material to their followers, among its ecosystem utilities. Crator is also expected to enter the Metaverse in 2022, according to EGC. These planned initiatives, as well as the crypto's limited utility, have the potential to make it one of the finest cryptocurrencies to purchase and keep in 2022.
Shiba Inu
Shiba Inu was developed by an anonymous individual or group known only as 'Ryoshi' in August of 2020. In 2021, SHIB was one of the biggest gainers. SHIB is an ERC-20 token that runs on the Ethereum network and is projected to rise in value.
Shiba Inu was recognized as one of the world's largest cryptocurrencies in October 2021, with a 24-hour trading volume nearly equal to Ethereum. It began as a meme coin, with the moniker Shiba Inu referring to a Chinese dog breed that is identical to the Dog depicted on the Dogecoin emblem. It saw the greatest gain in exchange price in October 2021, rising by almost 240 percent in a week; despite this, it is still considered an excellent coin to invest in. Big investors like Tesla CEO Elon Musk and Vitalik Butterin tweeted about the meme currency, which gained a lot of attention.
Businesses like the AMC Entertainment theater will accept SHIB as a form of payment in the coming months. The coin's drive will be boosted by its deployment and subsequent adoption by other enterprises. SHIB coins are also available on popular exchanges including Binance, Huobi Global, Coinbase, Crpto.com, Gate.io, and OKEx. Increased adoption may result from more listings.
Shiba Inu, unlike DOGE, is Ethereum compatible. As a result, developers have been able to create apps like Shibaswap, a decentralized exchange that allows users to trade tokens directly without the requirement of a middleman. It is compatible with Ethereum wallets such as Metamask and Ledger Nano, and it is accessible on Decentralized exchanges (DEXs) such as Uniswap because of its interoperability with the larger Ethereum ecosystem. The Token will be integrated into NFT markets and ETH-based Defi apps, according to the Shiba creators.
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Cryptocurrency