Dogecoin and Shiba Inu at the Verge of Losing their Top Crypto Position

The reason for the potential fall of both Shiba Inu and Dogecoin from the top lies in who exactly is stepping on their toes

Dogecoin and Shiba Inu are two crypto coins that are posting dismal performance in the crypto market. Both Dogecoin and Shiba Inu have their prices plummeting at a fast rate in 2022. In fact, both Dogecoin and Shiba Inu have been plunging since their last ATH. The problems affecting Dogecoin and Shiba Inu are almost the same, and that's why their performance in the market is almost the same. First, both Dogecoin and Shiba Inu are meme coins. This is the biggest problem because meme coins are no longer attracting the same attention.

But both Dogecoin and Shiba Inu have one thing in common- they are both meme coins. Though Dogecoin has been around for a long time, they are both projects with no use cases. That's why they have been performing badly, due to the massive withdrawals. Both Dogecoin and Shiba have been posting a reducing number of holders, and transactions count.

The biggest reason why Dogecoin and other meme coins are doing badly is the tough competition. There are many interesting crypto projects attracting Dogecoin investors. In fact, these are projects responsible for reducing the number of Dogecoin holders.

What is wrong with SHIB and DOGE at the top?

According to UToday, the reason for the potential fall of both SHIB and DOGE from the top lies in who exactly is stepping on their toes, the general sentiment prevailing on the crypto market and what both of these projects can offer to the crypto space.

For example, DOT, the token of the Polkadot project, is only 600 million dollars behind DOGE. Here it can be remarked that Polkadot, being an extremely strong fundamental project, has never had a capitalization of more than $55 billion, while Dogecoin has had up to $90 billion in its values. This is true, but Polkadot's development itself has been natural and harmonious, without pumps from eccentric billionaires who helped DOGE to get to where it is today. It is more stable and has more chances for success.

Dogecoin Price Prediction 2022, 2025, 2030

DOGE/USD is expected to perform well in the foreseeable future. Here are some of the highs analysts have expected for Dogecoin to test in the decade.

Dogecoin price prediction 2022: If the cryptocurrency market turns bullish in 2022, DOGE is expected to test $0.30 by 2022.

Dogecoin price prediction 2025: With adoption and cryptocurrency regulations set to get better, Dogecoin is expected to reach a high of $0.77 by 2025.

Dogecoin price prediction 2030: By 2030, Dogecoin is expected to be widely accepted as a mode of payment by multiple businesses globally. This could see Dogecoin test $1 by the end of 2030.

Shiba Inu Price Prediction 2022, 2025, 2030

Analysts are optimistic that SHIB/USD will do well in the foreseeable future. Based on market analysis, Shiba Inu could test the following prices:

Shiba Inu Price Prediction 2022: With the Shiba Inu ecosystem on a growth trajectory, SHIB has the potential to test $0.0001.

Shiba Inu Price Prediction 2025: Shiba Inu's internal fundamentals and overall crypto market growth driven by Bitcoin halving could push SHIB to a high of $0.0002.

Shiba Inu Price Prediction 2030: In 2030, Shiba Inu will be widely accepted for payment and be a significant player in the Metaverse space. This could see Shiba Inu hit a high of $0.01.

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