2 Cryptocurrencies that could beat Shiba Inu in 2022

Of course, there are cryptocurrencies with higher market capitalizations than Shiba Inu (CRYPTO: SHIB). But no digital currency has earned more this year. Shiba Inu’s remarkable gain of over 66,000,000% puts it in a class of its own.

However, past performance doesn’t always translate into future successes. Here are two cryptocurrencies that could beat Shiba Inu in 2022.

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2 Cryptocurrencies that could beat Shiba Inu in 2022

1. Avalanche

Not long ago, Shiba Inu ranked above Avalanche (CRYPTO: AVAX) based on market capitalization. However, Avalanche pushed Shiba Inu back in November and hasn’t looked back since. It is now the twelfth largest cryptocurrency on the market, while Shiba Inu is number 13.

The key to Avalanche’s dynamics is its unique architecture. Avalanche has three interoperable blockchains that allow you to avoid scalability issues and high costs associated with certain platforms (cough, Ethereum (CRYPTO: ETH), cough).

Its platform can already process more than 4,500 transactions per second. Its costs are super low. And no blockchain exceeds the Avalanche time to finality (how long it takes for a transaction to be irreversibly aggregated) of less than two seconds.

Unsurprisingly, developers have flocked to Avalanche. There are now over 150 projects in the Avalanche ecosystem and the number continues to grow. We are not just talking about small organizations that choose to use Avalanche. Global accounting and consulting firm Deloitte plan to build a cloud-based disaster recovery platform using the Avalanche blockchain.

Some even call Avalanche an “Ethereum killer”. I wouldn’t go that far. My hunch is that Ethereum will be alive and well for a long time. However, Avalanche could be a “Shiba Inu drummer” in the New Year.

2. Kadena

The cryptocurrencies most likely to emerge out of nowhere like Shiba Inu in 2021 are the ones that aren’t the most popular yet. But these lesser-known tokens still have a lot to offer to stand out from the crowd. I think Kadena (CRYPTO: KDA) is one of the contenders most likely to explode in 2022.

Kadena isn’t exactly camping anywhere right now. It is ranked 67th on CoinMarketCap’s list of the best cryptocurrencies. But with a market cap of around $ 1.8 billion, Kadena could still have a lot of leeways even after rising more than 7,800% this year.

This cryptocurrency platform has an impressive pedigree. Kadena was founded by Stuart Popejoy and Will Martino. The two men jointly developed the first JP Morgan blockchain. Popejoy previously led the company’s emerging blockchain group. Martino was the technical lead for the cryptocurrency steering committee of the US Securities and Exchange Commission. Kadena’s advisory team includes Stuart Haber, the co-inventor of the blockchain.

However, pedigrees are not as important as performance. And Kadena shines on that forehead. It can process 480,000 transactions per second. You can scale to higher transaction speeds as more channels are added to your network. There is no limit to the flow of Kadena.

Kadena is also noted for its usefulness in the real world. Supports non-fungible tokens (NFTs), including fractional NFTs that are not tied to a single exchange. Kadena smart contracts are exceptionally secure. And its costs are very low – only marginal transaction fees for consumers and businesses can completely eliminate transaction fees for their customers.

Of course, there is no guarantee that Kadena will be one of the most popular cryptocurrencies of 2022. However, it definitely checks the correct boxes necessary to potentially defeat Shiba Inu.

This article represents the opinion of the author, who may disagree with the “official” recommendation position for a premium consulting service from Motley Fool. We are variegated! Challenging an investment thesis, even one of our own, helps all of us think critically about investing and make decisions that help us be smarter, happier, and wealthier.

Shiba Inu (SHIB) Suddenly Spikes 8%

Shiba (SHIB) Outperforms Nearly All Top 100 Currencies After Sudden Price Spike

Shiba Inu (SHIB) currently outperforms nearly all of the top 100 cryptocurrencies after a surprising 8% rise, according to data provided by Binance-owned data ranking site CoinMarketCap.

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Image source: coinmarketcap.com

Only Oasis Network (ROSE), Kadena (KDA), and Quant (QNT) managed to post higher gains in the last 24 hours, with the latter in the double-digit region.

Shiba Inu is now about to overcome the avalanche (AVAX) and claim 12th place. The spread between cryptocurrencies is now less than a billion dollars.

Bitcoin (BTC) also rallied to the $ 50,000 level. The largest cryptocurrency has risen 2% in the last 24 hours. As reported by U.Today, Bitcoin briefly revised the $ 50,000 value on Friday on US inflation news, but the bulls were unable to sustain the gains.

Cardano (ADA) and Polkadot (DOT) are the top performers in the top 10. They both scored around 5%.

Ethereum (ETH) maintains its flat streak after gaining ground against Bitcoin earlier this week.

OG’s meme coin Dogecoin is also up 0.44%, struggling to gain almost any traction. The cryptocurrency is now down 76.64% from its May peak.

Shiba Inu must also regain 56.75% to regain its previous peak.

The Ethereum-based dog token remains in the spotlight despite the price correction. Earlier this week, two major cryptocurrency payment companies, Flexa and BitPay, announced their support for Shiba Inu. SHIB also continues to see more exchange listings, as Bitstamp revealed earlier this week that it will allow its users to trade the prank coin.

Terra (LUNA) is the biggest slowdown in the top 10, almost 3% in the last 24 hours. You are now about to give up Dogecoin after passing the first coin even in early December. LUNA’s run, which caught the attention of the investment community earlier this month, was ultimately short-lived.

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