A lot of crypto coins or tokens stood strong as the talk of the toww. Terra Luna, CRO, Matic, Shiba Inu Coin stood out from all other cryptocurrencies. During the last quarter of 2021. Despite not being in the top 10 cryptocurrencies these altcoins had grabbed a lot of attention What made them so popular ?? Are they worth considering investment or adoption?
Polygon Matic has very strong fundamentals, the network works on a Proof-of-Stake consensus and possesses a sidechain of the mechanism and a group of validators
Matic Network is a layer-2 scaling platform. It Also facilitates fast and secure off-chain transactions for payments and generalized off-chain smart contracts. It is a scaling solution for the Ethereum network. It allows Ethereum based transactions to be processed quickly using innovative protocols.
The Matic Framework has boomed with a lot of adoption in and around the world, the price of magic coin has also seen immense growth in the year 2021, but the much-awaited updated release and other collaboration can spike the price to new milestones in the year 2022.
The internet programmable money Terra Luna is an open-source public blockchain payment platform for stablecoins .This blockchain protocol underpins algorithmic stablecoins and a growing network of financial applications.
Currently being the 13th largest cryptocurrency, Terra Luna is quoted as “Terra is one of the stablecoin projects out there that’s getting a fair bit of attention alongside a slew of other really interesting projects,” By Jonathon Miller, Australian managing director of crypto exchange Kraken.
Looks like you are wondering how Matic will perform in 2022? It has a year full of surprises
And is also expected to hit news highs
Crypto.com , a financial organization set on a mission to accelerate the world’s transition to cryptocurrency. Through the Crypto.com Mobile App and Exchange . In addition, the platform further offers a wide range view of several markets all across the globe with a numerous number of cryptocurrencies, Fiats, perpetual, and futures shaping it as the best investment option.
CRO has set all its focus on launching more and more products on its platforms and its derivatives such as derivatives, exporting transaction history, and many more.
Now that we have seen the strong fundamentals of these coins, let check how the Meme token and a Dogecoin killer SHIB, set a Trend in the Crypto crowd.
When the year 2021 began, Shib hype was also on the go, in the start of the year if you have invested $2 in Shiba Inu, you would have been a millionaire. In Spite of such amazing popularity, Shib does not have any real-time utility and use cases hence has seen zero adoption. But the community is focusing on real-time adoption the price can hit new highs with ease.
Collectively, Shiba Inu is one of the most active communities in the social world, As of now with a zero real-time application, the Token holders have hit the ATH… A breakout above the ATH levels would kill another zero. The listing of SHIB on Robinhood would further boost the price. As it holds a sentimental value for enthusiasts in the space, Hence 2022 seems to be very exciting for Shiba Inu.
Shiba Inu (SHIB) has achieved a new breakthrough by excelling beyond a 1 million user base although its price has been trading 50% below its ATH. The meme coin has managed to drag the attention of a larger user base amid raising FUDs over the new Covid strain and US inflation. However, an update of the breakthrough and generation of subsequent higher lows in the recent past stimulated community growth.
SHIB Adoption Peaks!
Moreover, the SHIB token was recently listed on the Kraken exchange on high user demand, followed by which the token enjoyed significant gains. A surge in the excitement towards the asset has been prompting other popular exchanges to list the meme token. Interestingly, a popular Brazilian cryptocurrency exchange Mercado Bitcoinis all set to list SHIB on December 2nd, 2021. So, the meme coin now gets exposure to a larger user base.
Owing to the recent developments, investors pile up their portfolios with a huge chunk of SHIB tokens. A reputed healthcare service provider Ask the Doctor has recently purchased approximately 31 billion SHIB worth $1.5 million USD. In addition, the institute would soon enable SHIB payments with their healthcare partners.
SHIB to Challenge Cardano and Ripple?
SHIB price has seen exponential growth since the start of the quarter with record-high gains. However, prime coins under the top 10 such as Cardano and Ripple have been depreciating in their market cap with nil volatility. In the recent rally, SHIB’s trading volume on the Binance exchange has surpassed Bitcoin’s trading volume. Hence, it would be no surprise, if ADA and XRP fail to find any momentum in the short term, then the meme coin would easily outstrip them.
However, SHIB’s price has managed to break $0.00003849 followed by its listing on the Kraken exchange. Along with fundamentals, the altcoin holds a bullish technical perspective to chug up toward new highs. RSI is at 45.65 favoring a bull run to commence soon, hence it would again breach the resistance around $0.00004258.
Collectively, traders are pleading SHIB to be listed on Robinhood. If speculations come into reality and altcoin manages to keep up the price momentum, then Shib would soon skyrocket to break old records.