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

Bitcoin, Ethereum, Dogecoin, Shiba Inu, Matic: which crypto will earn the most this year?


by Analytics Insight
January 7, 2022

Bitcoin (BTC) have fallen to their lowest level in months after comments from the US Federal Reserve Bitcoin fell in value from $ 48,000 (£ 42264) earlier this week to less than $ 41,916. On Binance and Coinbase, each Bitcoin token is trading at around $ 41,900, making it one of the lowest Bitcoin values ​​in recent times. It follows the minutes of a meeting of the Federal Reserve, which suggested it could raise interest rates.

The price of Ethereum (ETH) fell below $ 3,201 as the bears took over the altcoin. Recently, Ethereum has seen an increase in developers relying on its blockchain which offers Ethereum a strong foundation to drive adoption and utility. However, there is increasing competition from Ethereum killers like Solana with their increasing active users and on-chain activity.

EverGrow (EGC) was launched in late September 2021. EverGrow is considered the coin that revolutionized rewards. EverGrow is the first major project to offer BUSD rewards – a regulated stablecoin, pegged 1-1 to the USD. It enables EGC holders to earn viable passive income in a non-fluctuating currency. EverGrow jumped straight into the bear market and was up more than 100% this week after falling 30% in the recent cryptocurrency crash yesterday. EGC’s smart contracts have already distributed more than $ 31 million in stable rewards that can be spent. EverGrow is about to launch a suite of utilities like the NFT lending ecosystem, content subscription platform, and play-to-win games that, if executed well, could propel this young project to the heights of crypto royalty.

Dogecoin and Shiba Inu, the top meme currencies that saw a meteoric rise in 2021, have been hit harder than the originals in the Bitcoin or Ethereum sector during the recent crash. Dogecoin (DOGE) was trading at $ 0.1554, representing a nearly 85% drop from its all-time high in May. The Dogecoin Foundation has unveiled a trail map detailing the 2022 project plan to make DOGE a universal currency by focusing on payments that will enhance its usefulness. The Dogecoin foundation gives examples of how to pay rent and buy coffee. So will it be interesting to see what awaits Dogecoin in 2022?

Shiba Inu (SHIBA), the crypto, also touted as the Dogecoin killer, has declined more than 70% since it peaked. Shiba Inu was trading at $ 0.00002927 with volume over $ 1.2B over the past 24 hours. The CEO of the world’s largest film showing company, AMC Theaters, recently announced on Twitter that AMC is on track to accept Shiba Inu in the first quarter of this year. Shiba Inu founder Ryoshi also revealed his plan to develop Shiba Inu’s Layer 1 ethereum scaling solution, Shibarium. There are over 1.1 million Shiba Inu holders worldwide, and we expect Shiba Inu to gain even more traction in the coming days.

Polygon’s MATIC price fell 3% on January 7. Matic, which changed its name to Polygon in 2021, was trading at $ 2.13. Matic has recently seen a surge in Dapps, play-to-win games joining its ecosystem, which recently resulted in a sudden spike in transactions occurring on its blockchain. A popular new blockchain game is congesting Polygon, after Polygon’s proof-of-stake chain active addresses soared 60% in a single week, causing gas prices to skyrocket. A transaction on Polygon now costs roughly $ 0.50, versus fractions of a penny. According to coinmarketcap.com, the total Matic currently in circulation stands at 7.16B.

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