Three Cryptocurrencies Poised to Surpass Dogecoin in Value Within Four Years
Since its launch more than ten years ago, Dogecoin (CRYPTO: DOGE) has experienced an incredible ascent, becoming as the most well-known meme coin and ranking among the top 10 cryptocurrencies in the world with a market valuation of more than $15 billion.
But as the cryptocurrency space develops, Dogecoin’s hegemony might come under threat. In the next four years, these three cryptocurrencies are probably going to surpass Dogecoin.
1. Avalanche: The “Ethereum Killer” on the Rise
With a market capitalization of about $11 billion, Avalanche (CRYPTO: AVAX) is quickly approaching the top ten. Dubbed the “Ethereum killer,” Avalanche is one of the few Layer-1 blockchain networks that can compete with Ethereum because of its exceptional speed and transaction processing power.
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Even a tiny portion of Ethereum’s market may bring Avalanche billions of dollars, considering its enormous $325 billion market capitalization. Avalanche, which is leading the way in industries like gaming and decentralized finance (DeFi), is both a currency and a whole blockchain ecosystem, in contrast to Dogecoin, which is primarily digital money.
With this dual role, Avalanche is well-positioned to produce significant value that goes well beyond Dogecoin’s sentiment-based price.
2. Chainlink: The Oracle Powering the DeFi Revolution
Because of its pivotal role in the DeFi industry, Chainlink (CRYPTO: LINK), with a market capitalization of over $7 billion, has been a prominent player since the last crypto bull market. Being the biggest oracle coin in the world, Chainlink connects blockchain operations with real-world data, giving smart contracts—the foundation of DeFi the vital information they require.
Real-world asset tokenization is one new trend that has the potential to push Chainlink over Dogecoin (RWA). The potential market opportunity, estimated by Boston Consulting Group at $16 trillion, might be tremendous, especially with large financial giants like BlackRock supporting this trend. Chainlink’s worth may skyrocket in the upcoming years if it can establish itself as a major player in this market.
3. Shiba Inu: The Meme Coin with Utility Aspirations
The main meme coin competitor of Dogecoin, Shiba Inu (CRYPTO: SHIB), has a market capitalization of more than $8 billion. Even though it has the same Shiba Inu dog avatar, Shiba Inu is working to set itself apart by developing a blockchain ecosystem focused on utilities.
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To improve speed and efficiency, Shiba Inu introduced Shibarium in August 2023, opening the door for new Web3 experiences and blockchain games. Even though it’s early, Shiba Inu’s attempts to go beyond its origins as a joke coin could make it a strong competitor in the cryptocurrency space.
The Four-Year Crypto Cycle
In the next four years, the combined market capitalization of these three cryptocurrencies—Avalanche, Chainlink, and Shiba Inu is expected to overtake Dogecoin. This period corresponds with the four-year cycles that are fueled by Bitcoin halving occurrences, which have traditionally caused notable changes in the cryptocurrency market. These new cryptocurrencies might have overtaken Dogecoin by the time it celebrates its 15th anniversary.
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Disclaimer: The Motley Fool Stock Advisor analyst team has identified top stock picks that could yield significant returns, and Dogecoin was not among them. Consider exploring their recommendations before making any investment decisions.
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