In the financial world, institutional investors represent large sums of money. With around $ 100 trillion in assets under management, buying and selling can have a huge impact on asset prices. And, more recently, these powerful financial institutions have developed an interest in cryptocurrencies. According to a Fidelity study, 52% of institutional investors already own digital assets and 71% intend to do so in the future.
Decentralized finance (DeFi) is also gaining in popularity. By allowing people to borrow, lend and earn interest without the help of banks, DeFi products reduce the costs, efficiency and accessibility of financial services. Unsurprisingly, this value proposition has fostered rapid adoption, with DeFi investments growing more than 1,200% to $ 253 billion last year.
Given these trends, it makes sense to allocate a portion of your cryptocurrency portfolio. And even though there are thousands of cryptocurrencies and dozens of them they look like worthwhile investments. Overview of the best cryptocurrencies to buy right now to invest.
Polkadot is an ecosystem that aims to facilitate communication between different blockchains (such as Bitcoin and Ethereum) in the cryptocurrency sector. It is one of many rival Ethereum (ETH) blockchains. Its native cryptocurrency, DOT, is the network’s native cryptocurrency.
Mid-term DOT price prediction
The price of Polkadot is relatively low and the downward correction should soon stop to resume the upside.
Long-term DOT price prediction
In the long run, the Polkadot is expected to reach $ 1000 if its adoption goes as planned. JPMorgan has focused on 2022 as the year of blockchain bridges like Polkadot.
Conclusion of our Polkadot review
Polkadot is one of the most important cryptocurrencies in the cryptocurrency sphere. It is in the top 10 of CoinMarketCap while its adoption is not yet massive. You can still be an early investor in this technology.
Dogecoin is the largest memecoin, that is, a cryptocurrency created to allude to a meme, therefore devoid of utility features. However, this cryptocurrency grew exponentially in 2021 and remained in the top 10 of the Coinmarketcap ranking for several months. It is therefore an interesting investment vehicle.
Medium-term DOGE price prediction
Dogecoin (DOGE / USD) could hold above $ 0.2.
Long-term DOGE price prediction
We should no longer hope for an astronomical increase in the DOGE. The price is now stabilizing and remains a good asset to the trade align.
Conclusion of our Dogecoin review
Dogecoin is down despite support from Elon Musk and Tesla. Unlike Bitcoin, DOGE will likely be overtaken in capitalization by utility memecoins.
The year 2021 saw the rise of memecoins such as Dogecoin and Shiba Inu. The latter was launched to challenge the Dogecoin. The capitalization of SHIB is growing more and more and could exceed that of DOGE in the coming months.
Mid-term SHIB price prediction
Shiba Inu has come down at attractive prices and has a higher bounce rate than Dogecoin.
Long-term SHIB price prediction
Conclusion of our Shiba Inu review
There is more to the Shiba Inu than the meme and that’s a good thing. On the same topic: Crypto Decentraland (MANA): should you buy MANA? Opinion, analysis and forecast 2022. His major projects ensure that the cryptocurrency remains promising.
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