Check out some price predictions for popular digital currencies that are expected to outperform Bitcoin in the next 12 months.
Bitcoin (BTC) is the genesis of cryptocurrencies, the grandpa, the first and at the ripe old age of 13 the most expensive crypto in the world. A single bitcoin will bring you back $ 47,000. But what are the analyst price predictions for this $ 892 billion digital currency in 2022 when Bitcoin enters its 14th year?
According to www.fxstreet.com, the technical analysis sets a price target of 63,000 USD for Bitcoin, which would mean a 34% upward trend from here. However, The Independent’s Anthony Cuthbertson claims that despite the stock-to-flow (S2F) price prediction model missing its December 2021 timeline for that goal, there is still $ 100,000 in prospect. This would mean that Bitcoin investors can expect over 100% returns in 2022.
For those looking to diversify their portfolio with other potential winners, let’s also look at some price predictions for popular cryptocurrencies that are expected to outperform Bitcoin in the next 12 months.
Dogecoin (DOGE)
Elon Musk’s favorite crypto currently ranks 12th in the world with a market cap of $ 23 billion. Even if the creator of Dogecoin openly admits that the project was invented as a “joke,” investors would have seen a surge from $ 1,000 to $ 32,000 over the course of the year in 2021. Maybe for Dogecoin The days of such incredible returns are no longer realistic, but many analysts remain bullish on Dogecoin. www.walletinvestor.com has a price prediction of $ 0.4. This would mean that investors would see growth of around 130% by the end of 2022.
Floki Inu (FLOKI)
It seems like an entire tribe of Memecoins were created in the last year or so to grab Elon Musk’s attention, and Floki is no exception. Floki Inu was named after Elon’s pet Shiba Inu, Floki, and somehow that association resulted in this memecoin reaching $ 1 billion in value!
What do analysts predict for the price of Floki Inu in 2022? www.digitalcoinevalu predicts Floki will end at $ 0.0002475461 in 2022, an increase of 120% from current levels. The government is even more optimistic. Capital forecasting Floki to hit $ 0.000847 which would translate into a 650% return for investors in this dog-themed Elon memecoin.
EverGrow (EGC)
The baby of the list is EverGrow, with a modest market cap of $ 500 million, but arguably the most experienced team and strongest roadmap of the projects discussed today. EverGrow was only launched 3 months ago, but according to their official Twitter, they have already accumulated 120,000 investors.
The only thing that might hold EverGrow back is that they haven’t had anywhere near marketing those other projects – no celebrity endorsements, no Time Square billboards, just organic growth built on strong fundamentals and groundbreaking rewards coming in Binance. $ 30 million worth of EGC holders were paid out in just 10 weeks.
EverGrow crypto has already recovered 50% from its recent lows, but many analysts see real 100x potential in EGC, which could mean a 10,000% gain in 2022. Caution should be exercised with any new project, however EverGrow definitely looks like an interesting project with a lot of potential.
Shiba Inu
Shiba Inu was a true crypto king in 2021, on an unimaginable level. The Memecoin, named for, yes, you guessed it, Elon Musk’s favorite dog, generated returns over the course of 2021 that would have turned $ 100 million into $ 50 million. And yes, you read that right!
It’s clear that Shiba won’t be able to deliver those returns again, but many analysts are still predicting healthy returns for this popular memecoin in 2022. CryptoPredictions.com predicts Shiba could hit as much as $ 0.0001 in the next 12 months. That 300% return would turn your $ 50 million into $ 200 million … just enough to upgrade your yacht to a pretty decent Caribbean island.
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