What Cryptocurrency is Worth Buying Now? — Polkadot (DOT), Dogecoin (DOGE) & Shiba Inu (SHIB) Reviews 2022
In the financial world, institutional investors represent large sums of money. With approximately $100 trillion in assets under management, buying and selling them can hugely impact asset prices. More recently, these powerful financial institutions have developed an interest in cryptocurrencies. According to a study by Fidelity, 52% of institutional investors already own digital assets, and 71% intend to do so in the future. Decentralized finance (DeFi) is also gaining popularity. By allowing individuals to borrow, lend, and earn interest without the help of banks, DeFi products reduce the cost and increase the efficiency and accessibility of financial services. It’s no surprise that this value proposition has driven rapid adoption, with DeFi investments growing over 1,200% to $253 billion last year. Given these trends, it makes sense to allocate a portion of your portfolio to cryptocurrencies. Although there are thousands of cryptocurrencies, dozens of them seem like worthwhile investments. Here is an overview of some of the best cryptocurrencies to buy right now for the long run.
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Polkadot (DOT) Logo. Source: Polkadot[/caption] Polkadot is an ecosystem that aims to facilitate communication between different blockchains (like Bitcoin and Ethereum) in the cryptocurrency industry. It is one of many rival blockchains to Ethereum (ETH). Its native cryptocurrency, DOT, is the native cryptocurrency of the network.
Medium Term DOT Price Prediction
Polkadot’s price is relatively low, and the downward correction should soon stop for the bullish nature to continue.
Long Term DOT Price Prediction
In the long term, the Polkadot should reach $1000 if its adoption goes as planned. JPMorgan acknowledged that 2022 is the year of blockchain bridges such as Polkadot.
Conclusion of our Polkadot review
Polkadot is one of the most important cryptocurrencies in the cryptocurrency sphere. It is in the top 10 of CoinMarketCap, while its adoption is not yet massive. While DOT has been around for a while, you can still benefit by investing in this technology in the long run. Related: Polkadot Price Prediction 2022 and Beyond — Can DOT Reach $100?
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Dogecoin (DOGE) Logo. Source: Dogecoin[/caption] The Dogecoin is the largest meme coin, that is to say, a cryptocurrency created to conceptualize a meme, therefore having no utility functionality. However, this cryptocurrency has grown exponentially in 2021 and has remained in the top 10 market cap rankings for several months. It is, therefore, an interesting investment. Related: Dogecoin Price Prediction 2022 — What Will the Dogecoin Price be in 2022 and in Next Years to Come
Medium Term DOGE Price Prediction
Dogecoin (DOGE/USD) could hold above $0.2. While it is currently below that, it could still manage to stay above that level if the market has an overall bullish momentum.
Long Term DOGE Price Prediction
We should no longer hope for an astronomical increase in the DOGE. The price is now stabilizing and remains a good asset for long-range trading.
Conclusion of our Dogecoin review
Dogecoin is on the decline despite support from Elon Musk and Tesla. Unlike Bitcoin, DOGE will likely be overtaken in capitalization by utility memecoins. However, it is worth mentioning that Dogecoin’s biggest supporter Elon Musk has just made an offer to purchase 100% of Twitter and make it private. If the deal goes through, it could also have implications for DOGE. Twitter has already been implementing Web 3.0 features in its platform, and with the leadership of Musk, it’s likely that DOGE may play a huge role in that. Hence, even though it seems unlikely for now, DOGE could soar higher in the coming months.
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Shiba Inu (SHIB) Logo. Source: Shiba Inu[/caption] The year 2021 has seen the rise of memecoins like Dogecoin and Shiba Inu. The latter was launched to challenge Dogecoin. The market capitalization of SHIB is growing more and more and could exceed that of DOGE in the coming months.
Medium Term SHIB Price Prediction
Shiba Inu has come down to attractive prices and has more rebounding ability than Dogecoin.
Long Term SHIB Price Prediction
The Shiba Inu lacks big business or celebrity adoption for the cryptocurrency to once again perform stellarly.
Conclusion of our Shiba Inu review
There’s more to the Shiba Inu than just the meme, and that’s a good thing. Recently, Shiba Inu launched its highly anticipated metaverse. At the moment, SHIB users are bidding for lands within the Metaverse. This metaverse is likely to increase the utility of SHIB and increase its demand in the long run.
Related: Shiba Inu (SHIB) Price Prediction 2022 and Beyond — Can SHIB Hit $1? Content proposed by our partner Miroir Magazine. More about the author: Almmaye Alm Maye has been a trader and analyst since 2013. He is an expert in equity markets, Forex, and cryptocurrencies. He is the creator of Almvest.com and Imveste.com, two sites dedicated to finance. Moreover, he participates in the development of featured articles on various sites such as Actions-boursieres.fr, as well as the international network of Finixio.com. https://crypto-academy.org/polkadot-dogecoin-shiba-inu-reviews-2022/?feed_id=3872