Shiba Inu, Dogecoin? : these are the cryptocurrencies that have risen the most so far in 2022

There has been talk of the explosion of altcoins for a long time. These lesser-known cryptocurrencies can have high profitability and their price is far from the high costs that Bitcoin or Ethereum can have.

Among the alternative cryptocurrencies with the most hit of the year 2021 were always Shiba Inu or Dogecoin, but the year 2022 has started differently. None of these memecoins has been the protagonist in these first days in the cryptocurrency market.

Nor has Bitcoin, which has actually slipped to below $ 47,000, been the news in recent days. The surprise comes from the tokens belonging to Flux and Hathor.

The Flux coin was created 4 years ago, using blockchain technology and in recent days it has seen its value increase by 35%. Now each of its tokens is priced at $ 3.23 and its total capitalization is $ 721 million.

Hathor, a cryptocurrency created in 2020 and using directed acyclical chart (DAG) technology alongside blockchain, is up 17.99%. Its price is placed at 2.04 dollars. Being newer and using a different system of data representation, it has attracted more attention.

Why have they grown so fast?

Surely we are not facing any hit. These lower value coins can quickly increase in cost if an investor acquires a large number of tokens in a short time.

Many investors go into these types of purchases in the hope that their investment will increase the value of the currency and sell it soon after. According to Cristobal Pereira, CEO of LatAm Tech, "Large purchases strongly increase the price of this type of project."

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