6 Cryptos That Could Surpass Dogecoin in 2022

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Are the Doge-days over?

Key points

• Dogecoin put meme coins on the map, but cryptos with utility are better bets in 2022.
• Algorand, Polygon, Cosmos, The Graph, Helium, and Enjin are all well-placed to overtake Dogecoin’s market cap.

Dogecoin (DOGE) was the sixth most searched-for news term in the U.S. this year, according to Google. The only other crypto to make it into the top 10 was Ethereum, which took 10th place.

Dogecoin’s popularity isn’t so surprising when you think of the rags-to-riches story behind the coin. What started as a joke coin designed to poke fun at the way people bought into cryptos they didn’t understand, grew to one of the top tokens by market cap. And, as popular culture stretches its tentacles into finance, Dogecoin personified (or dog-ified) the new trend.

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There are various reasons people buy meme coins. Some want to get in on the joke or be part of a community. Others hope to get rich or see it as a way to access the seemingly impenetrable world of crypto. As Mark Cuban said back in April, buying Doge is better than a lottery ticket and can be a great way to learn about the market.

But, Dogecoin’s star may be waning. Dogecoin is starting to find utility as a form of payment, but its move to the mainstream doesn’t sit well with its anti-establishment image. It is down over 75% from May’s all-time high. And even tweets from the self-proclaimed Dogefather Elon Musk have failed to reanimate the well-known Japanese dog.

Here are six cryptos that are likely to overtake DOGE in terms of market cap next year.

1. Algorand (ALGO)

Algorand is one of a number of…