• Dogecoin (DOGE) is the 8th largest meme-coin with a current market cap of $9,877,449,980 and a 24-hour trading volume of $575,339,357.
• Shiba Inu (SHIB) is the 14th largest meme-coin with a current market cap of $5,801,403,965 and a 24-hour trading volume of $460,405,203.
• Everlodge (ELDG) is the newest altcoin to enter the market and its expected to increase in value by 20x upon launch.
What are Altcoins?
Altcoins are alternative cryptocurrencies that are not Bitcoin. They have different characteristics and use cases than Bitcoin and are used for diversifying portfolios to reduce risk while also maximizing profit opportunities. There are many different altcoins available on the cryptocurrency market today that range from low prices under one dollar up to hundreds or thousands of dollars per coin.
Dogecoin (DOGE), the largest meme-coin in terms of market capitalization according to CoinMarketCap’s top 100 list , currently trades at a value of $0.070286 with a 24 hour trading volume of $575 million USD . Although it has seen some drops in price over recent weeks and months – 6.8% within seven days and 20% within one year – analysts expect that Dogecoin will reach its peak price of $0.098 by the end of 2021 . Furthermore , they predict that it could reach as high as $1 by 2029 .
Shiba Inu (SHIB)
Shiba Inu (SHIB) is another popular meme-coin which currently ranks 14th on CoinMarketCap’s top 100 list , trading at a value of 0.00000986 USD as on August 16th with an estimated 24 hour trading volume of 460 million USD . It has seen some positive growth over recent weeks – increasing 25.5% within thirty days and 18.4% within two weeks – but analysts do not believe that SHIB will be able to climb above $1 anytime soon , predicting it will instead reach 0.00001078 by December 2021 .
Everlodge is the newest altcoin entering into the cryptocurrency world this year , being launched with an expected spike in value by 20x upon launch . This means investors who invest early enough could receive huge returns on their investments should they decide to buy ELDG tokens now before its official launch date .
For those looking for long term investments , Dogecoin seems like the most profitable option out of these three altcoins due to its predicted peak price reaching up towards one dollar by 2029 – although investors must keep in mind that predictions can always change depending on how much demand there is for each respective coin . Meanwhile those looking for short term profits may find more success investing in Shiba Inu or Everlodge due to their more immediate potential increases in value .