![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
As we move into the New Year, the first question on every crypto investor’s lips is ‘What are the best cryptos to invest in now?’. Today we look at 3 of the most popular choices; Dogecoin, Safemoon, and Shiba Inu, along with a newcomer you may not have even heard of yet…
Dogecoin (DOGE)
On Apr 2nd, 2019, Elon Musk sent out a tweet that changed the face of crypto… at least for a year or two, when he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.”
If you had invested $1000 in Dogecoin at the beginning of 2021, those coins would now be worth $32,000. But with a market cap of $23 billion, can investors really see any further value in Dogecoin at this level? Is Doge really still a top crypto to invest into as we move into 2022?
Jonathan Morgan of FXStreet.com certainly believes so, predicting a 75% rally for Dogecoin from here based on technical analysis. Meanwhile, www.walletinvestor.com sets a Dogecoin price target of $0.4, around 130% up from today’s level. Perhaps there’s life in the old dog yet?
Safemoon (SAFEMOON)
Safemoon has seen an almost 100% rally over the last week since completing their migration to their new V2 contract. 2021 was an interesting year for Safemoon, which exploded onto the scene in March, rallied to incredible highs in April, then steadily declined around 90% over the course of the rest of the year, leaving many investors ‘underwater’.
However, with great support from a reported 3 million wallet holders worldwide, an exchange, and some interesting, if not perplexing news about a Wind Turbine network called Project Pheonix, it seems the ‘Safemoon Army’ may be willing to put their hands in their pockets again in 2022 to support their favourite crypto project.
Many analysts are now predicting Safemoon to be a good crypto to invest in 2022, with the potential to regain their previous all-time high, which would mean a very healthy 330% price increase predicted for Safemoon in 2022.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
