Bitcoin, Ethereum, Dogecoin, Shiba Inu, Matic- Which Crypto Will Gain Most This Year?

Bitcoin, Ethereum, Dogecoin, Shiba Inu, Matic – which cryptocurrency will earn the most this year?


by Analytics Insight
January 7 2022

Bitcoin (BTC) prices fell to their lowest level in months after the statements of the US Federal Reserve. The value of Bitcoin fell from $48,000 (£42,264) earlier this week to below $41,916. On Binance and Coinbase, each Bitcoin token is trading at around $41,900, making it one of the lowest in Bitcoin in recent times. It comes minutes after a meeting of the Federal Reserve, which suggested it may raise interest rates.

Ethereum (ETH) price fell below $3,201 as bears grabbed the altcoin. Ethereum has recently seen a boom of developers relying on its blockchain which provides Ethereum a solid foundation to drive adoption and benefit. However, there is a huge rise in competition from Ethereum killers like Solana with rookie and on-chain active users.

EverGrow (EGC) was launched at the end of September 2021. EverGrow is the currency that revolutionized rewards. EverGrow is the first major project to offer rewards with BUSD – a regulated stablecoin, pegged 1-1 to the US dollar. It allows EGC holders to earn viable passive income in a currency that does not suffer from fluctuations. EverGrow has been launched into a bear market and is up over 100% this week after dropping 30% in the latest crypto crash yesterday. EGC smart contracts have already distributed over $31 million in spendable stable rewards. Evergrow It is about to launch a suite of utilities such as an NFT lending system, a content subscription platform, and Play-to-win games that, if done well, could propel this young venture to the pinnacle of crypto ownership.

Dogecoin and Shiba Inu, the biggest meme coins that saw a meteoric rise in 2021, have been affected more strongly than the sector’s native Bitcoin or Ethereum during the recent crash. Dogecoin (DOGE) is trading at $0.1554, nearly 85% of its all-time high in May. The Dogecoin Foundation has revealed a trailmap detailing the project’s 2022 plan to make DOGE a global currency by focusing on payments that will enhance its usefulness. The Dogecoin Foundation provides examples of paying rent and buying coffee. So, it will be interesting to see what Dogecoin has in store in 2022?

Shiba Inu (SHIBA), the cryptocurrency, also described as a Dogecoin-killer, has fallen more than 70% since its peak. Shiba Inu has been trading at $0.00002927 with a volume of over $1.2 billion in the last 24 hours. The CEO of the world’s largest film exhibition company, AMC Theaters, recently announced on Twitter that AMC is on track to accept Shiba Inu during the first quarter of this year. Shiba Inu founder Ryoshi also revealed their plan to develop a Shiba Inu solution to scale the first layer of Ethereum Shibarium. There are more than 1.1 million Shiba Inu holders worldwide, and we expect the Shiba Inu to gain even more traction in the coming days.

Polygon’s MATIC price is down 3% on Jan 7. Matic, which renamed itself Polygon in 2021, was trading at $2.13. Matic has recently seen a boom in Dapps, play-to-earn games joining its ecosystem, which has recently led to a sudden increase in transactions occurring on the blockchain. The popular new blockchain game is jamming Polygon, after Polygon’s active proof-of-stake chain addresses surged 60% in one week, driving up gas prices. The transaction cost on Polygon is now about $0.50, up from fractions of a cent. According to coinmarketcap.com, the total matic In trading it is currently sitting at 7.16B.

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Analytics Insight is an influencer platform dedicated to insights, trends, and insights from the world of data-driven technologies. It monitors the developments, recognition, and achievements of AI companies, big data, and analytics around the world.

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