Is it worth having Dogecoin or Shiba Inu in 2022?

It is no secret to anyone that the cryptocurrency market has been in a bearish trend since December. This has affected all currencies in general, from the most important ones like bitcoin to the smallest ones.

There are two currencies that caused a furor during 2021 and made many people earn a good amount of money. We are talking specifically Dogecoin and Shiba Inu, they are both " memecoins ", but they had a very good rise.

Even though their bullish momentum is over and they have been relatively stable, there are those who are wondering if they are worth keeping in our portfolios or if they should just sell.

Today we are going to talk a little more about the subject, we will talk about possible scenarios and what could happen.

Let us remember that the world of cryptocurrencies is extremely volatile and things can change in a very short time. So this should not be considered financial advice.

What to expect from Dogecoin this 2022?

Dogecoin is a cryptocurrency that has been on the market for several years and in all this time its value has been increasing, which has made many people turn to see it.

However, it should be noted that Dogecoin is a coin that lacks utility, so the only thing that has contributed to the rise in price is the fame it has achieved.

Some people believe that this can become a coin with a lot of potential. This especially after Tesla began accepting it as payment in its online store.

Other than that, Dogecoin has no other reason why it could go higher, in fact, the momentum it had is now over. So, at the moment there is no indication that this coin will go higher.

In the same way, a drop is not clear either, although everything will depend mainly on what happens in the coming months. So at the moment it could not be said whether or not it is worth investing in it.

What to expect from Shiba Inu this 2022?

With Shiba Inu we have a fairly similar case, despite the fact that during 2021 it increased its value considerably, that momentum that it had already ended some time ago.

Some people claim that Shiba Inu can reach 0.01 dollars. Obviously this would be something extremely positive for all those who have invested in this currency. But so far these are just speculations and wishes of the people.

Similarly, the only thing that keeps the Shiba Inu in a relatively stable price is the community, since this currency has no use.

However, one thing to note is that Dogecoin took up to 6 times longer to reach the price than Shiba Inu. This is something that makes many more people bet on this currency.

Are these coins worth having in 2022?

On both currencies there is still a large number of people who are betting on them and this may be an indication that it could rise, but it is not a sure thing.

It should be noted that these two currencies have been affected by the fall in the price of bitcoin and other cryptocurrencies. This market decline is still uncertain and it is not known exactly how long it will last. So, investing in the cryptocurrency sector right now has its risks.

We already talked about the current reality of these two currencies, but unfortunately nothing is certain about their future. So it is up to you to decide whether or not it is really worth continuing to invest in these coins.

It is best to do your research and analyze the charts before making a decision.