DOGE Killer has been in full swing since launching trading last spring, and some are wondering where prices will go up in the future.
The biggest risk in cryptocurrencies is of course the extreme volatility they suffer. This means that they can decrease or increase rapidly at any time.
For example, the table-wide cryptocurrency was recently partially destroyed due to Proposal to ban cryptocurrency trading and mining.
Additionally, cryptocurrencies have taken a hit as the Federal Reserve considers raising interest rates up to four times this year.
Furthermore, volatility applies to newer cryptocurrencies and coin meme.
The Doge Killer fits into both of these categories – so buyers beware here.
For those unaware, a meme coin is usually obtained from a social media or an internet joke.
It is important to note that the Internet can lose interest at any time and switch to a new coin.
Just weeks after Doge Killer launched in April 2021, it rallied to a high of $8,983.59. Since then, it hasn’t come close to those levels.
In other words, you can lose a lot of money if you are not careful and it is important to know exactly what you are buying.
We analyze what the Doge Killer is and how the price might increase in the future.
What is Doge Killer?
Firstly, the coin meme uses LEASH as its token and runs in By Shiba Inu Ecosystem.
In recent days, the developers of Shiba have announced that they plan to build a metaverse, with LEASH holders expected to be the first to purchase the land.
A supermarket is a virtual reality experience where users can interact with other people.
Swaps in the crypto space have been growing in popularity recently, with Decentraland one of the top players.
As a result of the news, the Doge Killer is up 92% in the past week.
“Shiba Lands Metaverse news is pretty important to LEASH, as it essentially sees crypto as an exclusive ticket to Shiba’s corner in the metaverse, whatever that turns out to be,” said Shaun Heng, vice president. CoinMarketCap’s president of growth and accountability, told The Sun.
But really, the coin meme has one mission – and that’s to do what its name says, which is to kill Dogecoin.
Long before Shiba and Doge Killer, Dogecoin was the go-to meme coin for crypto investors.
However, critics of Dogecoin argue that it is not as “community-oriented” as Shiba.
While Tesla CEO Elon Musk can affect the price of Dogecoin under the circumstances, it has had small fluctuations compared to the recent Shiba and Doge Killer.
And interestingly, Shiba is sometimes referred to as the “Dogecoin killer”.
Shiba and Doge Killer are both up 53%, while Dogecoin is up just 2% over the past month.
With the volatility of cryptocurrencies like Doge Killer, it will be difficult to predict where the price will go up.
But regardless, price forecasters posted their predictions.
One year from now, Wallet Investor saw the price of the Doge Killer drop to $99,624.
Meanwhile, DigitalCoinPrice expect the price to rise to $2,154.59.
According to the crypto forecaster, it is not until 2028 that the price is expected to break $5,000.
To surpass $5,000 by 2022, the Doge Killer will need to more than triple its value.
However, if the metaverse plan plays out as hoped for the Doge Killer – it could even return to an all-time high, according to Heng.
“Investors can start to feel confident again when they get back to CURRENCY to an ATH of 8k,” he said.
DeFi and NFT expert Rio Rocket thinks the price could exceed $2,200 by 2022 in a “bull market”.
Plus, we explain Tezos and what is the risk.
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https://www.the-sun.com/money/4666367/doge-killer-leash-price-prediction-shiba/ Will LEASH hit $5,000 in 2022?