ATLANTA, Dec. 12, 2021 /PRNewswire/ -- 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.
Company: EverGrow Coin
Email: contact@evergrowcoin.com
Website: https://evergrowcoin.com
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SOURCE EverGrow Coin