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These cryptocurrencies are some of the most robust Shiba Inu competitors, generating massive gains
There are several asset classes that have demonstrated powerful moments in the history of the crypto domain, but Shiba Inu‘s gains in 2021 have been monumental. The SHIB price grew by more than 45,000,000% within a period of 12 months. Its historic run has amazed several crypto critics who previously perceived that it will be impossible for the crypto to generate profits and provide stability to its investors. But despite this bullish price rally, Shiba Inufell drastically, owing to the recent crypto market meltdown and also due to the fact that SHIB had fewer real-world use cases. Hence, investors started looking for other alternatives that would earn them utilities and profits, both at the same time. Here we have enlisted some of the top Shiba Inu competitors that are likely to become better investment options than SHIB in 2022.
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.
Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating the cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other.
Decentraland claims itself to be a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications. In this virtual world, users purchase plots of land that they can navigate upon, build, and monetize.
Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players. Axie Infinity allows players to collect, breed, raise battle, and trade token-based creatures known as Axies. The Axie Infinity ecosystem also has its own unique governance token, known as the Axie Infinity Shards (AXS).
Crypto experts believe that Nano will definitely outrun Shiba Inu in the long run. The purpose of Nano’s blockchain network is to speed up payment settlement times, drastically reduce costs, and democratize the process to allow everyone to participate. Besides this, its network is highly scalable and efficient, facilitating ease in processing transactions.
Stellar is a blockchain-based payment network that enables investors to make cross-border cryptocurrency payments. Buyers can convert fiat currency to Lumens, send it as payment, and then convert it back to the native fiat currently within a matter of seconds.
Even though Solana has drastically declined due to its recent outages, experts are quite hopeful about its future. It is one of the fastest cryptocurrencies in the market and poses serious threats to the dominance of Ethereum.
Experts believe that Cardano might become the new altcoin king. Crypto has showcased short-term growth periods even when the crypto market was plummeting heavily. Cardano may have faced deployment delays, but its developers have laid out a clear vision for the future that depicts prosperity and growth.
XRP is the native cryptocurrency of Ripple, a cryptocurrency payment system that is created by Ripple Labs Inc. It is built to facilitate global payment methods and act as a rival against traditional transaction methods offered by centralized financial institutions like banks.
VeChain is a versatile enterprise-grade L1 smart contract platform that is working with a host of other enterprises to explore applications of blockchains. VeChain aim to build a digital ecosystem that will underpin the fourth industrial revolution, which demands real-time and trustless data sharing between many participants.