Happy holidays! Welcome to Distributed Ledger, our weekly crypto newsletter. I’m Frances Yue, crypto reporter at MarketWatch. Today we have a special edition – an outlook for meme coins in 2022, as we are approaching the year-end. Check out a more comprehensive outlook for the crypto space here, and find me on Twitter at @FrancesYue_ to send feedback or chat about crypto.
![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)
Crypto in a snap
Major cryptocurrencies have been trading sideways for the past week. Bitcoin
BTCUSD
traded 0.2% lower from seven days ago, recently at $48,609, according to CoinDesk data. Ether
ETHUSD
lost 2.1% over the past seven days, recently trading at $3,942. Meme token Dogecoin
DOGEUSD
was down1.5% from seven days ago, while another dog-themed coin Shiba Inu
SHIBUSD
gained 8.5% over the past seven days.
Crypto Metrics
| Biggest Gainers | Price | % 7-day return |
| yearn finance | $32,019 | 52.2% |
| NEAR protocol | $13.7 | 41.2% |
| Terra | $92.3 | 39.5% |
| Celo | $4.83 | 33.8% |
| Aave | $238.7 | 33.5% |
| Source: CoinMarketCap.com as of Dec. 23 |
| Biggest Decliners | Price | % 7-day return |
| Elrond | $255.6 | -21.9% |
| Kadena | $11 | -19.3% |
| XDC Network | $0.08 | -14.2% |
| Waves | $16.3 | -10.4% |
| PancakeSwap | $11.7 | -9.4% |
| Source: CoinMarketCap.com as of Dec.23 |
Meme coin 2022?
For the past year, some meme coins, which are…
![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)
