Analysis of Monero, Shiba Inu, Dogecoin and CRO

Some of the most interesting cryptocurrencies to follow are Monero, Shiba Inu, Dogecoin and CRO. However, analysis of their prices reveals that there are significant differences. 

Monero (XMR)

XMR, the cryptocurrency native to the Monero blockchain, did not have a particularly exciting 2021. 

In fact, the maximum price reached did not exceed the all-time high reached during the previous cycle, in January 2018. 

The fact is that in 2021 many cryptocurrencies made new highs, including Bitcoin and Ethereum. Monero, however, failed to do so. 

On 9 January 2018, when ETH first surpassed $1,400, XMR briefly topped $540. By contrast, in 2021 the peak stopped at $475, failing to even approach $500. It is enough to mention that instead, ETH exceeded $4,800. 

Thus, during 2021 ETH posted a new peak as much as 240% higher than that of the previous cycle, while that of Monero was 12% lower. 

Despite this, however, XMR’s price is currently “only” 73% below its all-time high, which is a very similar percentage to ETH’s -72%. 

Hence, although in 2021 Monero failed to keep up with the pace had by, for example, Ethereum, in 2022 it has practically recovered and stabilized on similar performance. 

The curious thing, then, is that in this bear market Monero has lost less than Ethereum, and if only 2022 is taken into account, it shows that XMR has lost only 37%, while ETH as much as 64%. 

Using Ethereum as a benchmark for all other altcoins we can say that Monero has been found to be more stable and less volatile, in recent years, with lower growth but also lower losses. It is as if a lower speculative bubble has inflated on XMR, not only compared to that of Ethereum but also compared to what also inflated on XMR in late 2017. 

There could be an explanation: XMR is the most widely used high-privacy cryptocurrency on record, so it has a fairly constant use over time that probably limits its price fluctuations. 

Shiba Inu (SHIB)

In the previous cycle that…