This year, many cryptocurrency buyers have posted impressive price gains. But not every coin seems to have fully accessed its potential. There are some cryptocurrencies including meme tokens that could still see a big rally in 2022 at a glance.
XRP: Litigation Slows Down Altcoin
It has been almost exactly a year since XRP’s price seemed to have plummeted. An indictment by the US Securities and Exchange Commission (SEC) accused Ripple of allegedly selling unregistered securities in the form of XRP tokens. Ripple is said to have achieved revenues of 1.3 billion dollars. In addition to Ripple, the SEC also indicted executives of the group. They have been accused of personally making profits from the XRP token sale.
The price crashed to lows below $0.2 in late 2020 and some crypto exchanges suspended trading in XRP, such the world-renowned exchange Coinbase. While some analysts were already predicting the end of the coin, XRP recovered significantly in 2021, peaking at just under $2. XRP is currently trading at around $0.9. Although this is again a significant minus compared to the annual highs, it is still significantly higher than the low point of 2020.
2022 could be a fabulous year for buyers of XRP if the SEC dispute goes in Ripple’s favour, or at least a good settlement is reached and the investigation is settled. Because if the XRP price was able to rise in 2021 even under these bad signs, there still seems to be a lot of hidden potentials.
Incidentally, XRP is one of the cryptocurrencies that has not yet been able to reach its all-time record from the past bull market. At the beginning of 2018, the price was just under 4 dollars. So there still seems to be a lot of room for improvement for 2022.
Wallet Investor analysts are also bullish and predict strong growth for the XRP/USD price in the next few years. Accordingly, the price will rise by around 70 percent by the end of next year. By 2026, an increase of more than 330 percent is even expected for XRP. That could push XRP to a new record high.
SAND and MANA: Metaverse Coins Just at the Beginning of a Mega Rally?
At the end of October, Facebook announced their META project and announced the renaming of the group. Under the new umbrella brand, a digital universe is to be created in which all popular services such as the leading social apps Facebook and Instagram, the messenger service WhatsApp used by billions of people worldwide and the virtual and augmented reality specialist Oculus with its VR glasses and software products, are combined. Cryptocurrencies and NFTs should also play an important role in META and be used as a means of payment, for example.
Immediately after the announcement, tokens of existing Metaverse projects such as SAND by The Sandbox and MANA (Dencentraland) saw a massive price explosion. SAND/USD reached a price of almost 8.5 dollars at its peak, which of course means a new historical record. In the meantime, however, the token has fallen back somewhat to around $6.5 at the time of publication.
However, plans for Zuckerberg’s Metaverse are still in the early stages. META cannot yet be used in practice. But should the project become more concrete, this should also bring comparable approaches such as The Sandbox and Decentraland further attention and attract new users. As a result, it is to be expected that the prices of the tokens could become significantly more expensive. Early investors could realize strong profits here over the long term.
Wallet Investor is very bullish on Metaverse token price. SAND/USD is forecast to rise 75 percent by the end of 2022. Continuous growth is also expected in the years to come. In the next 5 years, SAND is expected to increase by almost 500 percent. That would push the token price to more than $37.
Wallet Investor predicts similar growth rates for the MANA price. Accordingly, the course could increase by more than 60 percent by the end of 2022. A rally to more than 15 dollars is then predicted for the next few years. This would correspond to an increase of more than 300 percent compared to the current price.
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Dogecoin: Doge Fan Elon Musk Could Trigger The Next Rally
The meme token DOGE caused a sensation in 2021. Thanks to his big supporter, the Tesla boss and richest man in the world Elon Musk, the price was able to rise to dizzying heights and reached a record high of almost $0.74 on May 8, 2021. A month earlier, DOGE/USD was not even a tenth of these values and rose by thousands of percent in a very short time.
The rally was driven by many tweets from the billionaire, who openly showed his enthusiasm for DOGE on the networks and also won other prominent supporters for the meme token. Musk even brought up the idea that DOGE could become a means of payment similar to Bitcoin in the future. After all, Tesla had temporarily integrated BTC into its online shop.
Meme tokens are a new face of cryptocurrency that is taking the crypto market by storm, so watch out for these cryptocurrencies in 2022.
