Shiba Inu continues to lose its previous appeal, a factor that led its competitors to outpace it.
While Shiba Inu was one of the best performing cryptocurrencies last year, the hype has died down considerably in 2022. This has a lot to do with the explosion of other meme coins with a much lower market cap and a much higher opportunity for gains. Some Shiba Inu alternatives are so attractive that they reduce SHIB's chances of explosive gains in the future. Besides, some of the best Shiba Inu alternatives have better tech, which increases the odds of adoption and value growth. In this article, we have listed the top Shiba Inu alternatives that can have more potential for investors in 2022.
ApeCoin
If you have been in crypto over the past month, you must have heard about ApeCoin. That'sThat's after it rallied by 1000%-plus gains in just a matter of days. ApeCoin has gained much attention due to its connection to the Ape NFT community. ApeCoin is essentially an ERC20 token that holders can use to participate in the ApeCoin DAO. With Ape NFTs now among the most sought-after crypto, ApeCoin could possess more value than SHIB long-term.
Don't Miss: ApeCoin Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Axie Infinity
Axie Infinity is currently the largest play-to-earn gaming platform in the market. Besides its top position, the Axie Infinity team is working to make the platform sustainable for all participants. For instance, on March 31st, Axie Infinity will start limiting free transactions on its RONIN network. The goal is to guarantee the network's sustainable growth and more adoption. Given that the Metaverse is on a growth trajectory, Axie Infinity, being a market leader, could see its gains rise pretty fast in the future.
Don't Miss: Axie Infinity (AXS) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Monero
Monero is one of the best-known privacy coins in the market today. Unlike Bitcoin, Monero transactions cannot be traced. This makes Monero one of the few cryptocurrencies that can boost being fungible, a fundamental property of money. With digital privacy increasingly becoming more important in many people's lives, Monero could see its value rocket compared to meme coins like Shiba Inu.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Loopring
Loopring is a non-custodial exchange that runs on the Ethereum network. Loopring handles Ethereum transactions fast, cheaply, and securely thanks to its use of ZkRollups. With the Ethereum merge on the way and Eth 2.0 set to become fully operational, layer-2 solutions like Loopring will become even more critical to the Ethereum ecosystem. This makes Loopring a top crypto with high potential in terms of future gains.
Check Out: Loopring (LCR) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Polygon
Polygon is one of the most popular Ethereum scaling solutions in the market. With the Ethereum and Ethereum 2 0 merge successful in a testnet environment, the live version of it is expected to be up and running soon. This could trigger an upsurge in demand for Polygon and trigger a price rally.
Read Also: Polygon (MATIC) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cosmos
Cosmos has set itself a niche as the crypto that interconnects blockchains and works well. The Cosmos ecosystem now has hundreds of projects, and the numbers are growing fast. With its strong use case, and Cosmos staking allowing investors to increase their token holdings, prospects look good.
Don't Miss: Cosmos (ATOM) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Cardano
The Cardano team managed to create one of the most secure Proof-of-Stake algorithms in the crypto market. Besides building such a strong tech, the Cardano team has also come up with multiple use cases for Cardano by introducing smart contracts. With Web 3.0 on an exponential growth path, Cardano's future looks bright.
Check Out: Cardano (ADA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Ethereum
Ethereum is the most dominant player in the smart contracts space. That'sThat's despite its high gas fees and scaling issues. Now that the shift to Ethereum 2.0 is almost over, Ethereum adoption could grow exponentially due to the faster speeds and lower transaction costs. This coupled with its now deflationary nature, could see Ethereum significantly increase in value.
Read Also: Ethereum (ETH) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Avalanche
Avalanche is a platform blockchain that competes with Ethereum in the smart contracts market. Since its launch, Avalanche has built a robust ecosystem thanks to its low fees and fast speeds. As its adoption grows, the value of its native token, AVAX, stands a good chance of significant value appreciation.
Don't Miss: Avalanche (AVAX) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Terra
Over the past year, Terra has grown to become one of the most important cryptocurrencies in the algorithmic stable coins market. This is evident in the growth of its UST stable coin to become one of the largest stable coins by market capitalization. Since growing demand for UST translates to higher demand for LUNA tokens, the growth potential is pretty high.
Check Out: Terra (LUNA) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro – The Best Platform To Buy Cryptocurrencies
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
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