Look at some price forecasts for some of the most popular digital currencies that are expected to surpass Bitcoin in the next year.
At the age of 13, Bitcoin (BTC) is the most valuable cryptocurrency on the planet, making it the genesis of cryptocurrencies. The cost of one Bitcoin is $47,000. But what are analysts’ price predictions for this $892 billion digital currency for 2022, as Bitcoin enters its 14th year?
Using technical analysis, the price of Bitcoin could rise by 34% to $63,000 in the near future, according to www.fxstreet.com. In spite of the stock-to-flow (S2F) model missing its December 2021 target of $100,000, Anthony Cuthbertson, of The Independent, claims $100,000 is still possible. In other words, by 2022, investors in Bitcoin could expect to see returns of more than 100%.
We also take a look at some price forecasts for some of the most popular cryptocurrencies that are expected to outperform Bitcoin in the next year.
Dogecoin is a cryptocurrency (DOGE)
Cryptocurrency favoured by Elon Musk is currently ranked 12th in the world, worth $23 billion. It doesn’t matter that Dogecoin was created as a prank; investors in 2021 would have seen $1000 grow to $32,000 in just one calendar year. Dogecoin’s days of incredible returns may be numbered, but many analysts are still bullish on the cryptocurrency. Predicted price of $0.4 is available at www.walletinvestor.com. By the end of 2022, investors could expect a return of around 130 percent.
It’s Floki Inu (FLOKI)
Floki is just one of a number of memecoins that have been created in the last year or so with the sole purpose of attracting the attention of Elon Musk. Is it possible that Elon Musk’s pet Shiba Inu dog, Floki, is responsible for Floki Inu’s $1 billion value?
Are there any predictions for the price of Floki Inu in 2022? In 2022, the www.digitalcoinprice.com website predicts Floki will be worth $0.0002475461, a 120 percent increase from its current value. Floki is predicted to reach $0.000847 by gov. capital, meaning investors in Elon Musk’s dog-themed memecoin will see a 650 percent return.
Of the startups we’ve discussed today, EverGrow is the most recent and has the smallest market capitalization of $500 million. Despite only launching three months ago, EverGrow has already attracted more than 120,000 investors, according to their official Twitter account.
Although EverGrow hasn’t had as much marketing as these other projects, their growth has been based on solid fundamentals and ground-breaking rewards paid out in Binance-pegged USD. In just 10 weeks, over $30 million in EGC was distributed to EGC holders.
EverGrow crypto has already recovered 50% from its recent lows, but many analysts believe EGC has a true 100x potential, which could result in 10,000% gains by 2022. Any new project requires caution, but EverGrow appears to be a promising one.
The Shiba Inu
In 2021, Shiba Inu was a crypto king on an unprecedented scale. Over the course of 2021, the memecoin named after Elon Musk’s favourite dog would have generated profits of $50 million for every $100 invested. You did read that correctly, don’t you?
Despite the fact that Shiba will not be able to provide the same level of returns in 2022, many analysts believe that this memecoin will still be able to make a profit. According to CryptoPredictions.com, Shiba could reach a value of $0.0001 in the next year. Just enough money to upgrade your yacht to a decent Caribbean island with a return of 300 percent would be generated from your $50 million investment.