2021 is heading towards a conclusion and the excitement is already piling up for 2022. The digital asset industry registered massive recognition this year and meme coins were a major part of that growth. While Shiba Inu and Dogecoin were the major flag bearers of that community, Dogelon Mars could be in for a massive 2022 alongside its peers.
In this article, we will look at key reasons why meme tokens could potentially continue on a bullish rally in the new year.
Shiba Inu, Dogelon Mars should witness more Exchange Listing
For Shiba Inu, exchange listing has already been a major accomplishment. The asset is already listed on Coinbase, Binance, Bitstamp Crypto.com and etc, etc. Right now, only Robinhood is one major player yet to include Shiba Inu. However, the community has continued to push for its immediate listing. In comparison, Dogelon Mars still has plenty of room for listing upgrades. Right now, the asset is available on Crypto.com, Gemini, and other regional exchanges such as KuCoin and Poloniex but big hitters such as Coinbase, Binance are yet to get on board.
Once these exchanges have listed Dogelon, the possibility of renewed price discovery increases in the market. At press time, ELON is up by 4100% since September 17th, so the market demand is definitely there for the asset.
One particular narrative witnessed with these meme coins is the presence of Whales. Both Shiba Inu and Dogelon Mars have witnessed huge whale investors over the past few weeks, and their involvement during a downtrend only indicates a positive long-term expectation. With rising prices and a possible return of collective bullish narrative, Whales may double down on these assets and act as their market support in the long run.
Right now, according to WhaleStats, the token most held by the 1000 ETH wallets is Shiba at 8%, valued at over $2 billion.
Volatility and Adoption can play a massive role
For the likes of Shiba Inu, Dogecoin, and Dogelon Mars, community adoption and improvement of utility are extremely important. Now Shiba Inu is making waves with its adoption with AMC Entertainment Holdings and Newegg Commerce, but Dogelon Mars still needs to receive a higher expansion. With respect to the outer catalysts, volatility remains a major part of these markets.
If these meme coins are able to keep the buzz and positive momentum during a volatile market, the probability of a massive bullish market increases for both Shiba Inu and Dogelon Mars in 2022, and they may reach new all-time highs over the course of the year.
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