Solana, Dogecoin, & Shiba Inu Crypto Price Predictions For 2022 - How Will Top Crypto Perform?

Last Updated February 15th 2022

4 Min Read

Find out about the price performance of the top crypto assets like Solana, Dogecoin, and Shiba Inu.

Solana (SOL)

Solana (SOL) has earned its place among the most successful cryptocurrencies. When it launched back in April 2019, Solana was trading at less than a dollar. It rallied all through 2021, and by November, had made a record high of $260.

While it has been in a correction since December 2021, Solana is still multiple times higher than May 2020, when it was trading at $0.50. Even now, when it is still deep in the bear market, you still need to fork out $114.14 to buy one SOL token. The mass acceptance of Ethereum alternatives in 2021 was a huge boost for Solana.

At Solana’s peak in November 2021, when it was trading at $260, all kinds of predictions were being thrown around. Analysts were pretty bullish that as of January 2022, Solana could be trading at $1000 or more.

However, a series of network outages and the broader cryptocurrency market being bearish saw Solana start 2022 in the red. On January 1, 2022, Solana was trading at $173, and by the end of the month, it was going for $90.35. Solana has also slid down market cap rankings since late 2021 and is currently the 8th largest cryptocurrency by market capitalization.

The bearish trend in the broader market and issues around Solana’s network stability have seen analysts give a more tempered outlook for Solana.

According to the cryptocurrency analysis website Coin Price Forecast, Solana will close the year 2022 at $114. This would be an insignificant 1% from SOL’s current price. If Coin Price Forecast price predictions are anything to go by, Solana would only return to its 2021 prices in late 2025.

On their part, analysts at The Economy Forecast Agency expect Solana to end 2022 at $180. The Economy Forecast Agency expects Solana to get back to its 2021 highs towards the end of Q1 in 2023.

Wallet Investor is one of the few cryptocurrency price prediction websites that seem to have an above-average projection for Solana. Wallet Investor analysts expect Solana to end 2022 at $311.478.

These projections are not cast in stone, and analysts can always revise their forecasts depending on prevailing market conditions. However, this moderate outlook is a reminder that Solana, like all cryptocurrencies, is a risky asset. It is best to invest what you can afford to lose and spread some of your capital in other high-potential cryptocurrencies.

If you want to invest in Solana but would also like to diversify your portfolio into other cryptocurrencies, below are price predictions for top cryptocurrencies that could also perform like Solana or even beat it in gains over the remaining part of 2022.

Check Out: Solana (SOL) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Dogecoin (DOGE)

Dogecoin (DOGE) has dropped down market cap rankings since January 2022. It is currently the 12th largest cryptocurrency and has a market capitalization of $21.2 billion. Dogecoin had some exciting beginnings. It was created as a joke aimed at satirizing the crypto market.

However, it went on to get a very strong community backing it up, and its price performance over the past year is nothing of a joke. For context, if you had invested $1000 in Dogecoin in late 2020, at its price peak in mid-2021, you would have made $32000. That’s a tremendous ROI and saw Dogecoin create many millionaires in 2021.

A sizeable number of analysts believe that Dogecoin and other meme coins were an anomaly and that DOGE may never see such gains ever again.

That said, there is equally a high number of analysts that see a bright future for DOGE in 2022. For instance, according to analysts at Wallet Investor, Dogecoin could end 2022 trading at $0.33. That would be a more than 100% increase from its current price.

With high-profile adoption, including by Tesla, such a Dogecoin price prediction is not far-fetched.

Read Also: Dogecoin (DOGE) Price Prediction

Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Shiba Inu (SHIB)

Of all the meme coin rallies that made headlines in 2021, Shiba Inu (SHIB) was a record-breaker. From its launch date to August 2020 to its most recent highs in 2021, Shiba Inu gained over 48,000,000%. Essentially, anyone who put in just $100 in SHIB back in 2020 was worth close to $50 million by 2021.

While these figures may seem crazy, some people became overnight multi-millionaires by investing a minimal amount in Shiba Inu.

Many analysts agree that it could be impossible for Shiba Inu to replicate these returns in the future. However, there is also consensus that Shiba Inu could give an above-average return on investment in 2022. For instance, analysts at Wallet Investor have a $0.0000621 price prediction for SHIB in 2022. That’s a close to 100% rally from its current price.

Don't Miss: Shiba Inu (SHIB) Price Prediction