Want To Try Your Luck On Speculative Assets? These 3 Coins Should Be On Your Radar

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Last Updated October 13th 2022
5 Min Read

These 3 Coins Should Be On Your Radar - Our Picks 

If you are trying your luck on speculative assets, these are our top picks for the 3 coins that should be on the investor’s radar. 

Dogecoin - One of the most popular meme coins worth watching now. 

Shiba Inu -  A meme coin with well-defined use cases. 

Luna Classic - One of the best stablecoins to keep on the watchlist. 

 

A Closer Look At The 3 Coins That Should Be On Your Radar

The wider cryptocurrency market has taken a major beating in 2022 after peaking at nearly $3 trillion in value in November. With the recession looming around the market, several investors are concerned. Investing in cryptos is indeed risky due to its volatile nature, but returns are highly lucrative. However, speculation has been an inevitable part of crypto’s success. If you want to try your luck on speculative assets, altcoins and meme coins are your best option. Let's have a closer look at these 3 coins that should be on your radar. 

 

Dogecoin (DOGE)

Dogecoin is the original meme-coin well-known to almost all cryptocurrency veterans. Created as a joke, but Dogecoin eventually became one of the best tokens that ensured high returns for investors. Experts say that meme coins are more often speculative bets, but almost all investors like to keep DOGE on their radar, given its popular nature and increasing utilities. 

Dogecoin spiked in value in 2021 and build a dedicated fanbase on social media sites like Reddit. Once Musk, the richest entrepreneur in the world, publicly endorsed DOGE via his Twitter handles and dubbed it the future of financial technology in 2021. Additionally, long-term analysts predict that the meme coin would surpass a value of $1 in 2023. 

Elon Musk’s stake in Twitter propelled a strong rise in the price of DOGE, with speculators flocking to the meme token. However, market experts still believe that Dogecoin should be on your radar and the gains will sustain both technical and fundamental basis. Today Dogecoin is accepted as a payment method by over 3,000 merchants and established companies like Tesla and Dallas Mavericks. 

DOGE seems to be a good buy as the developers are working ardently to enhance the utility of the coin. It recently introduced a testent that helps developers to check their dApps without deploying their codes onto the blockchain. The crypto also released Dogechain, which touts itself as a layer-2 for Dogecoin. This promises to bring DeFi, NFTs, dApps, and gaming use cases for holders of DOGE. The expanding network and the implementation of the development mentioned in the Dogecoin Roadmap 2022 will definitely push the price of DOGE higher. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu (SHIB)

Shiba Inu is a decentralized crypto that was introduced as an experiment in community-building. Since the inception of this popular meme cryptocurrency, SHIB has exploded into a multi-billion dollar digital asset with a market capitalization of $5,591,073,244. The dog-themed crypto barked to its all-time high in 2021, becoming the alpha of meme cryptocurrencies

Unlike other meme tokens, Shiba Inu supports smart contracts and helps users to lend and stake them, allowing users to earn a passive income in the form of recurring fees. Elon Musk also positively tweeted about Shiba Inu, announcing that he bought a Shiba Inu dog, which gave a major push to the SHIB token. Moving away from the belief that meme cryptos are solely driven by hype and sentiment, the Shiba Inu ecosystem supports numerous useful utilities, like NFTs. The Shiba Inu ecosystem has three major tokens SHIB, LEASH, and BONE, and each one is specialized for the various aspects of the blockchain, such as governance and transactions.

Moreover, Shiba Inu should be on your radar as it had several positive developments in 2022, such as the upcoming introduction of the Metaverse platform, the Shibarium. The Metaverse aims to become the culmination of its history as a community. 

Also, SHIB partnered with THE THIRD FLOOR (TTF), a top visualization studio, which will help the meme token to push its limitations of immersive environments. Therefore, investors believe that SHIB can continue to build momentum long into the future, making it one of the most promising crypto investments. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

LUNA Classic (LUNC)

Launched in May 2022, LUNC was created with the crash of Terra Foundation’s UST. Although the price of Luna Classic crashed below zero, investors believed that the coin should always be on your radar. Also, this high volatility associated with LUNC makes it arguably one of the most alluring speculative assets in the crypto sphere. An efficient combination of burn and new use cases could drive LUNC prices to new highs. 

Also, LUNC is currently seeing increased buying pressure, driving the token’s price. This interesting demand for the coin has driven it to soar higher, despite any market turbulence. After the crash of the stablecoin market, there have been a lot of changes that have decreased the SHIB’s supply and increased its rarity, which would eventually push the demand for the token. Experts believe that Luna Classic would reach $1 in the coming years, making it into crypto investor's watchlist. 

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Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Caution When Buying Coins

The crypto market is still relatively young and evolving, therefore, it is always advisable to do detailed research before investing in any speculative assets. Ensuring proper risk management is necessary to minimize losses. These are the top 3 coins that should be on investors' radars in 2022.

Read More:

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