Shiba Inu (SHIB) was the best-performing cryptocurrency of 2021. It set its all-time high price on October 28, 2021, selling at $0.00008845. In one year, this asset’s value increased a whopping +32,431,073%. But things have changed.
As of the second week of April 2022, this cryptocurrency’s price is around $0.000023. So, SHIB holders wonder what they should do now. Should they sell their SHIB assets? Or should they wait for a recovery? Should they exchange another crypto asset for SHIB? Let us discuss it in detail.
Looking at previous price performance is necessary when you decide to invest in a cryptocurrency. However, you cannot make an investment decision based solely on this information. You need to check price predictions from reputable sources. Not all cryptocurrencies that performed well in the past will do it in the future. That is the case with Shiba Inu.
If we review performance reports, we will find SHIB as the top performer of 2021. But this cryptocurrency does not appear in the list of best crypto investments for 2022. Cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), Chainlink (LINK), Monero (XMR), Stellar (XLM), and XRP (XRP) are considered the best crypto investment vehicles for 2022. Let us talk about XRP and Shiba Inu in this article.
Which Coin Should You Hold, XRP or SHIB?
XRP is the cryptocurrency of the RippleNet payment system, owned by Ripple. The success of this payment system comes from its support for low-cost institutional money transfers. What’s more, transactions on RippleNet are quite fast, which has resulted in many banks worldwide adopting this service.
The XRP value reached its maximum on January 4, 2018, selling at $3.84. This hike occurred during the great bullish crypto run of 2017-2018. After that significant price climb, this cryptocurrency’s cryptocurrency dropped and did not show any sign of recovery for three years. But in 2021, it made an extraordinary comeback. Its value climbed to $1.8392 on April 13, 2021. Most crypto experts believe this coin could set a new all-time high in 2022.
On the other hand, Shiba Inu also had an extraordinary performance in 2021. However, experts’ predictions of this coin’s future are not optimistic. Most analysts doubt this dog-themed coin will have another price surge like in 2021 again. Therefore, if you already hold XRP, it would not be profitable to trade it for SHIB.
Swapping Other Cryptocurrencies
Some crypto investors and traders constantly look for the next “coin that will explode.” They usually focus on new or lesser-known cryptocurrencies. It is well known that early investors can make enormous profits if they invest in the correct cryptocurrency. Therefore, some investors consider digital assets such as the SIRIN LABS Token (SRN).
As of the second week of April 2022, SRN ranks as the #1573 most valuable cryptocurrency per market capitalization (according to CoinMarketCap). Would it be profitable to change ETH to SRN? Honestly, it is a risky move. Ethereum is the second most popular cryptocurrency after Bitcoin. It is also the second most valuable per market capitalization. Moreover, the price predictions for ETH are pretty optimistic for the next few years.
However, to make money with cryptocurrencies, one has to take chances. A risky investment may bring substantial gains. Hence, if you want to invest in SRN, it is advisable to research this token thoroughly. While this digital asset had an excellent performance shortly after its lunch, its price has remained low for several years. However, read SRN price predictions to know what you can expect from this asset in the coming years.