Avalanche, Digibyte & Dogecoin price prediction: 2022-2025: Which crypto should you invest in?

In the proverbial “wild west” of cryptocurrency, Bitcoin established its reputation at the top well before any other types of coins were minted on the blockchain. That left other coins, known as “altcoins,” to get in line.

Since then, thousands of new altcoins, or alternative coins, have been created and added into the crypto ecosystem. “Altcoin” refers to any type of cryptocurrency other than Bitcoin. Ethereum is the most popular altcoin, and people use the full name (Ethereum) when talking about the broader blockchain network but Ether (ETH) to discuss the currency itself.

Apart for these there are other cryptocurrencies like avalanche, digibyte, dogecoin which are seen evolving.

In this article we will discuss price analysis of avalanche, digibyte and dogecoin

Avalanche(AVAX)

Avalanche (AVAX) is a smart contract-based blockchain technology-based network that prioritizes transaction speed, low pricing, and environmental goodwill.

The purpose of Avalanche is to conceive an elastic and scalable blockchain-based crypto that supports decentralization and security. These are some reasons why investors are exclaiming to buy AVAX.

Avalanche (AVAX) is the emerging smart-contracts platform in the crypto industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. AVAX platform is booming quick, low cost, and eco-friendly.

Avalanche has its own native token AVAX. The token is used to pay for fees, secure the network via staking, and provide a basic unit of account between the multiple subnets created on AVAX.

AVAX Price Prediction 2022:

AVAX Price Prediction Q1 2022: Avax price has commenced a new year with a corrective move. With 20% negative gains, bulls have managed to accumulate a strength of around $82.47. The asset has not seen a clear breakout yet, hence little more correction seems appealing before skyrocketing. 

Once the buying pressure initiates to build up, then there are no potential barriers ahead of its road. If it breaks the $114 resistance mark, then it would easily claim $175 in Q1 as per its historical data. 

AVAX is all set for new milestones. Yes, the second half of the year is going to be the gamechanger for AVAX if bulls significantly hold the market for a certain period of time the price may surpass  $225.20 by the end of the year. Also, it may captivate a huge audience if it continues its development and other events at the same pace.

AVAX Price Prediction For The Next Five Years:

When predicting the price for the long term, it is implicit to analyze its historical footprints and how it behaves when bears overtake the market. From a historical point of view, compared to the other coins, AVAX has responded well enough to the market fluctuations. So, this super fast and secure platform has the potential to reach $421.35 by the end of the next five years.

If the altcoin falls prey to any regulatory constraints or negative sentiments then the AVAX price may experience a pullback of the price rally to $258.26. If altcoin manages to pass all the incoming hurdles significantly the price would end up trading at an average price of $315.98.

Digibyte

DigiByte (DGB) crypto is an open-source blockchain and asset creation platform. The project development began in October 2013. The platform intended to compete against major cryptocurrencies such as XRP and Litecoin by prioritizing cybersecurity and scalability. 

The platform process additional features allowing traders to issue assets, introduce applications, and utilize digital identities. DigiByte has its own native token DGB. The token is used to pay fees to those who help operate the network. And also DGB aims to offer payments and fuel its smart contracts.

DGB Price prediction 2022: 

Digibyte price prediction shows price moving exactly in converse to its move in 2021 Q1. DGB price sliced through 50-20 days MA. Owing to the FUDs over US Feds decisions, DGB has lost its grounds and currently trading at a one-year low mark of $0.02015. If it loses the current crucial support there are potential threats of an altcoin getting back to multi-year lows up to $0.0075. If the trend shifts at any instant in Q1 then we can expect price rebounding to $0.066 by the quarter-end. 

In case of extreme bullish momentum, the DGB price would rise to a maximum of $0.1. With average buy and sell pressures the price would gain some strength around $0.06. However, the altcoin would end up trading at $0.04 if it falls into a bearish trap. 

DGB Token Price Prediction For The Next 5 Years:

In 5 years, Digibyte may provide a seamless and user-friendly platform for transactions and might enhance the security of the users. DGB could break its price records and it might gain more price momentum with intensified market capitalization. By the end of 5 years, the digital currency might be traded at a higher value of $0.8 to $1.

Dogecoin

Following the massive success of bitcoin, dogecoin was launched in December 2013. Within one month there were over a million visitors to the official website. It started with a price of $ 0.006. Today, the coin has made over 5000% in 2021. 

Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It was introduced as a joke, but who knew it would become so significant in the crypto world. It is also used by retailers to receive payments anywhere in the world!

DOGE Price Prediction 2022:

DOGE price has undergone a steep downtrend since the start of January. It has wiped out 20% of its gains in the recent market crash. However, if the sell-off pressure continues to build up, then the alt is likely to return to its initial levels of $0.1085. If bulls return to the market then the price could even hit $0.25 followed by huge accumulation by Q1 2022.

The fact that Dogecoin is easy to mine has always kept the altcoin on the front seat. Moreover, this year the most popular crypto exchanges like Gemini and eToro have listed DOGE, causing the price to soar. If the currency gets listed in other familiar exchanges in the coming year, the DOGE price can soar again and strike at $0.382 by the end of 2022. However, considering the regular buying and selling pressures, the average Dogecoin price may be near $0.2639.

On the other hand, the fact that the digital currency does not still have a great value drives a negative impact on Dogecoin. Many believe it is just to be speculation and if this belief remains unaltered, then the price can slump to $0.1074.

5 Years Dogecoin Price Prediction:

An increasing FOMO with Elon Musk and according to doge price  prediction, Dogecoin may impact the price to heat up reaching a high of $1 in the next five years. Secondly, if DOGE could survive with a substantial growth rate in a highly competitive space in the future, the averages shall strike at $0.697.

On the other hand, in the coming years, if aspects of the crypto like Zero staking rewards and not much functionality impact the market, then its price may fall. Thus, on the downside, the potential low might be around $0.4923.

You may also like...