Home CryptoBitcoin Missed Out on Shiba Inu? EverGrow Might Be The Next Big Crypto To Explode in 2022

Missed Out on Shiba Inu? EverGrow Might Be The Next Big Crypto To Explode in 2022

by Crypto King

Shiba Inu is the latest meme-crypto to go viral and despite being down almost 60% from it’s all-time high, the market cap still stands at an eye-watering $20 billion, making it the 12th biggest crypto in the world by valuation. A $100 investment at launch would be worth over $2 million today!

Many are no doubt kicking themselves for missing out on such gains, but the reality is that a bet on Shiba Inu was a pure gamble. Shiba’s run was a combination of some very smart marketing and a whole lot of hype, that led droves of investors, with FOMO (fear of missing out) to pile into the meme-coin. Even the name itself, which was a homage to Elon Musk backed Dogecoin, was all part of the design.

In reality, Shiba Inu offers no tangible utility or value, with seemingly little effort to do so in the future. Being on the Ethereum blockchain, there would’ve been plenty of opportunity for development had the team behind Shiba Inu been motivated to do so.

There are, however, several cryptocurrencies that are working to rise above the pack, and back their popularity with real utility and fundamental value. Just 10 weeks ago, EverGrow Coin ($EGC) was launched by a team of experienced finance, blockchain and marketing experts. One ground-breaking element of their project is the fact the token pays a stable currency to holders. In the short time since launch, holders of EverGrow Coin have received over $30 million of binance-pegged USD rewards – a stable, regulated currency pegged 1-to-1 with the USD. The project currently has 110,000 holders according to BSCScan.

With their revolutionary contract, EverGrow Coin quickly grew to over $1 billion in market-cap, but then a major data error on CoinMarketCap, just weeks into the launch, caused mass panic amongst investors. With such a new project, trust can take time to build, and this panic was exploited by a series of articles, rumoured to have been paid for by rivals of the project, using the incorrect data to try to draw EverGrow investors away from the project. Over the next month, the errors remained unfixed, and EverGrow sunk to below $300 million in valuation.

Yesterday, CoinMarket Cap placed an alert on EverGrow’s page, confirming that the data error had been fixed. The price has now stabilised, and signs of returning confidence saw an increase of 22% from the recent lows. However, EverGrow still remains well below the highs achieved before this error.

EverGrow is very different from Shiba Inu. In addition to the obvious benefits of USD rewards, the team behind the project have already launched a SWAP dApp on their website, have recently revealed the upcoming release of a Crypto Wallet, promising to surpass the features offered by Trust Wallet or Safemoon Wallet, and have a whole suite of utilities, from content creation platform to NFT Market Place & Lending, designed to bring continuous value to investors.

Is EverGrow Coin the next Shiba Inu?

With Shiba Inu, offering little to no utility, valued at around 66 times that of EverGrow Coin, there is a clear argument for an innovative and ground-breaking project like EverGrow to see some serious upside from their current low market cap. If the team continues to impress the crypto community with their innovation and transparency and can shake off the fear spread among investors by the CoinMarketCap errors, there is a good chance EverGrow Coin could be one of the top cryptos to invest in for 2022.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.