Doge Killer price prediction: Will LEASH hit $5,000 in 2022?

DOGE Killer has been on a wild run since its launched trading last spring, and some are wondering where the price will wind up in the future.

In the past 24 hours, the cryptocurrency has plunged 7% to $1,545.65, according to CoinMarketCap.

The biggest risk in cryptocurrencies is of course the extreme volatility they are subject to. This means they can fall or rise rapidly at any point.

For example, cryptocurrencies across the board were hammered recently in part due to Russia's proposal to ban cryptocurrency trades and mining.

Also, cryptocurrencies have suffered as the Federal Reserve mulls hiking interest rates up to four times this year.

Furthermore, volatility applies to newer cryptocurrencies and meme coins.

Doge Killer fits both of these categories – so buyer beware here.

For those who don’t know, a meme coin typically gains off a social media or an internet-based joke.

It's important to note that the internet could lose interest at any point and move on to a new coin.

Just weeks after Doge Killer launched in April 2021, it surged to a high of $8,983.59. Since then, it hasn’t gotten close to those levels.

In other words, you could lose a lot of money if you’re not careful and it’s important to know what exactly you’re buying.

We break down what Doge Killer is and where the price may wind up in the future.

What is Doge Killer?

Firstly, the meme coin uses LEASH as its token and runs in Shiba Inu’s ecosystem.

In recent days, developers of Shiba announced that it plans to build a metaverse, with LEASH holders expected to be the first to get to purchase land.

A metaverse is a virtual reality experience where users can interact with others. 

Metaverses in the crypto space have picked up popularity recently, with Decentraland one of the top players.

As a result of the news, Doge Killer has surged 92% over the past week.

"The Shiba Lands Metaverse news is quite significant for LEASH, as it essentially posits the crypto as an exclusive ticket into Shiba's corner of the metaverse, whatever that will be," Shaun Heng, vice president of growth and ops at CoinMarketCap, told The Sun.