2 cryptocurrencies that could trounce Shiba Inu in 2022

They have what it will take to be huge winners in the new year.

| More on:
Shiba Inu dog lying on the floor.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Sure, there are cryptocurrencies with bigger market caps than Shiba Inu (CRYPTO: SHIB). But no digital coin has been a bigger winner this year. Shiba Inu's remarkable gain of well over 66,000,000% puts it in a class of its own.

Past performance doesn't always translate to future success, though. Here are two cryptocurrencies that could trounce Shiba Inu in 2022.

1. Avalanche

It wasn't all that long ago that Shiba Inu ranked higher than Avalanche (CRYPTO: AVAX) based on market cap. However, Avalanche pushed Shiba Inu to the side in November and hasn't looked back since. It's now the 12th-biggest cryptocurrency on the market, while Shiba Inu is No. 13. 

The key to Avalanche's momentum is its unique architecture. Avalanche has three interoperable blockchains that enable it to avoid scalability problems and high costs associated with some platforms (cough, Ethereum (CRYPTO: ETH), cough).

Its platform can already process more than 4,500 transactions per second. Its costs are super-low. And no blockchain beats Avalanche's time to finality (how long it takes for a transaction to be irreversibly added) of less than two seconds.

Unsurprisingly, developers have flocked to Avalanche. There are now more than 150 projects in the Avalanche ecosystem, and the number continues to grow. We're not just talking about small organizations opting to use Avalanche. Global accounting and consulting firm Deloitte plans to build a cloud-based disaster recovery platform using the Avalanche blockchain.

Some even refer to Avalanche as an "Ethereum killer." I wouldn't go that far. My hunch is that Ethereum will be alive and kicking for a long time to come. However, Avalanche just might be a "Shiba Inu beater" in the new year. 

2. Kadena

The most likely cryptocurrencies to fly out of nowhere as Shiba Inu did in 2021 are those that aren't already the most popular. But these less-known tokens still must have a lot going for them to stand out from the crowd. I think that Kadena (CRYPTO: KDA) stands as one of the most likely contenders to break out in 2022.

Kadena isn't exactly camping out in nowhere right now. It ranks No. 67 on CoinMarketCap's list of the top cryptocurrencies. But with a market cap of around $1.8 billion, Kadena could still have plenty of room to run even after soaring more than 7,800% this year. 

This cryptocurrency platform has an impressive pedigree. Kadena was founded by Stuart Popejoy and Will Martino. The two men together developed JP Morgan's first blockchain. Popejoy previously led the firm's emerging blockchain group. Martino served as the tech lead for the U.S. Security and Exchange Commission's Cryptocurrency Steering Committee. Kadena's advisory team includes Stuart Haber, the co-inventor of blockchain.

Pedigrees aren't as important as performance, though. And Kadena shines on this front. It can process 480,000 transactions per second. It can scale to higher transaction speeds as more chains are added to its network. There is no ceiling on Kadena's throughput. 

Kadena also excels with its real-world utility. It supports non-fungible tokens (NFTs), including fractional NFTs that aren't tied to a single exchange. Kadena's smart contracts are exceptionally safe. And its costs are super-low -- only marginal transaction fees for consumers and businesses can completely eliminate the transaction fees for their customers. 

There's no guarantee that Kadena will be one of the top breakout cryptocurrencies of 2022, of course. However, it definitely checks off the right boxes needed to potentially trounce Shiba Inu. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the 'five best ASX stocks' for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now...

See The 5 Stocks *Returns as of 30 April 2025

Keith Speights has no position in any of the stocks mentioned. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Ethereum. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on International Stock News

A delivery man wearing a cap and smiling broadly delivers two boxes stacked on top of each other at the door of a female customer whose back can be seen at the edge of a doorway.
International Stock News

2 "Magnificent Seven" stocks billionaires are buying

The Magnificent Seven includes some of the most profitable and dominant tech companies in the world.

Read more »

Happy man working on his laptop.
International Stock News

Prediction: This artificial intelligence (AI) stock will be the biggest winner of 2025

Artificial intelligence will be one of the biggest growth opportunities this century.

Read more »

Legendary share market investing expert and owner of Berkshire Hathaway Warren Buffett
International Stock News

Could Warren Buffett's last move as Berkshire Hathaway CEO be buying this beaten-down "Magnificent Seven" stock?

Buffett is a value investor at his core, and he doesn't often buy shares of expensive companies.

Read more »

A woman holds a soldering tool as she sits in front of a computer screen while working on the manufacturing of technology equipment in a laboratory environment.
International Stock News

Prediction: This artificial intelligence (AI) stock will be worth $5 trillion in 3 years

Let's take a closer look at the catalysts that could propel this stock toward that valuation.

Read more »

A woman sits at her computer with her chin resting on her hand as she contemplates her next potential investment.
International Stock News

This Artificial Intelligence (AI) chipmaker just got a game-changing boost from Amazon, and Nvidia investors should be paying close attention

Amazon just made a notable investment in Nvidia's top rival.

Read more »

Happy man working on his laptop.
International Stock News

A once-in-a-decade opportunity: Here's why I'm buying Alphabet stock like there's no tomorrow

Alphabet's stock rarely gets this cheap, and right now could be a once-in-a-decade opportunity to scoop up shares at a…

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
International Stock News

Is Warren Buffett's Berkshire Hathaway the smartest investment you can make today?

So, with all the uncertainty, is Berkshire Hathaway the smartest investment you can make today?

Read more »

Warren Buffet
International Stock News

7 ways Warren Buffett changed my investing approach

I'm a big fan of Warren Buffett, and have been for many years.

Read more »