By
Temitope Olatunji
April 18th, 2024
These five crypto assets made headlines last year following the hype that began with WallStreetBets and other celebrity influencers.
Crypto assets, mostly altcoins, registered a significant amount of profits in 2021 compared to the traditional stock market, as it has been in the past few years. The altcoin market mostly led by meme tokens created new crypto millionaires in 2021. Here, we have compiled a list of cheap altcoins that could make serious gains in 2022.
Among the altcoins include Shiba Inu, Safemoon, Floki Inu, Starlink, and Yooshi. However, it is prudent to note that the list is endless as there are unlimited opportunities in the crypto industry. Moreover, most of the crypto companies are in the early stages of development, thereby poised to achieve higher gains as crypto adoption rises globally.
The five crypto assets made headlines last year following the hype that began with WallStreetBets and other celebrity influencers. The trend is anticipated to continue this year as more investors and more capital flow into the crypto industry. Moreover, the demand is expected to surpass the selling pressure in the coming months.
Closer Look at the Five Altcoins
Shiba Inu, an Ethereum-based ERC-20 token, was created in August 2020 and has since captured the attention of investors. Categorically, the meme coin gained approximately 42494347.7% in the past year. Simply put, an investor who had purchased $50 worth of Shiba Inu at the beginning of last year, investment could be worth approximately $21 million at the peak of the asset.
Besides being a meme token, the Shiba Inu team developed a decentralized exchange dubbed ShibaSwap. Consequently, investors can easily and seamlessly swap between assets as desired at a low cost.
Shiba Inu exchanged hands at around $0.00003406 at the time of reporting, according to CoinGecko. With a total supply of 1 Quadrillion, the asset registered a market cap of approximately $18.7 billion.
SafeMoon is another altcoin that is expected to register notable gains in 2022. Launched early last year on the Binance Smart Chain, the asset has attracted notable investors, particularly retail traders.
Floki Inu is another altcoin that as an investor it would be prudent to diversify, only the cash ready to lose. Moreover, the crypto industry is an extremely volatile market and no one guarantees returns. After trading an all-time low of $0.000000084280, Floki Inu has registered gains of approximately 130527.2%.
StarLink ($STARL) is another altcoin that has huge potential of a sharp uptick in 2022. Moreover, the $STARL token is a focal point in the fast-growing metaverse ecosystem. Trading at around $0.00003932, the asset has registered gains of approximately 26516.4% after hitting a low of $0.000000148142 mid last year.
Last but not least is the YooShi (YOOSHI) that traded around $0.000000864930 at the time of reporting. Notably, YooShi was developed from a decentralized meme coin to YooShi’s game metaverse.