The Shiba Inu (CRYPTO: SHIB) cryptocurrency has come a long way in a short time. What started as a pure joke two years ago skyrocketed in 2021 and many investors also expect it to post massive gains in the future. According to a price prediction from the crypto exchange Changelly, based on analysis of social media chatter, the average Shiba Inu owner expects the coin’s price to double in 2023 and quadruple by 2025.
I’m not here to evaluate the accuracy of Changelly’s price predictions for Shiba Inu, but there are several cryptocurrencies on the market that should do even better over the next couple of years. In particular, I like what I see in Algorand (CRYPTO: ALGO) and Polkadot (CRYPTO: DOT) today. Let’s take a closer look at these high-quality crypto investments and see if they’re a good fit for your portfolio.
Algorand is a smart contracts platform for decentralized applications, similar to Ethereum . This blockchain network was built with speed and low transaction fees in mind. Algorand’s fees run at roughly $0.0004 per transaction right now, compared to Ethereum’s median transaction fee of $0.70. The network has managed an average of 1.1 million transactions per day this week, also ahead of Ethereum’s 330,000 transactions executed per day. And this is considering the new and improved Ethereum structure here, not the even slower and more expensive version that was in force until The Merge on Sept. 15.
For further details see:2 Cryptocurrencies That Could Dwarf Shiba Inu