Better Buy- SHIBA INU, CARDANO, or EVERGROW? – Analytics Insight

The popularity of memecoins, NFTs, Alt-coins, Metaverse, and NFT games soared and reached an all-time high adoption in the crypto world in 2021. Various memecoins broke the record of reaching an all-time high value and dominating the crypto world for months. Memecoins like Shiba Inu and Dogecoin outperformed the crypto giants Bitcoin and Ethereum by soaring high for weeks in 2021. Since their inception, they broke the record of being the most adopted crypto in history. 

Celebrities, CEOs of Known Organizations, Countries, and Big Crypto Investors actively got involved in the activity of cryptoverse by endorsing their favorites and supporting it. For example, backing from the CEO of Tesla led Dogecoin to the all-time high mass adoption in just weeks.

However, this year some currencies are starting to take the market by surprise and creating a big buzz in the crypto world. crypto such as Shiba Inu, Cardano, and Evergrow dominated this week due to increasing value and utilities.

Shiba Inu (Shiba): 

According to CoinMarketcap, Shiba Inu became the most popular and viewed currency with over 188+ million views during 2021. Registered hits have surpassed that of crypto giants like Ethereum and Bitcoin. Since the launch, Shiba Inu holders have projected massive growth in 2022 after rising over 40,000,000% in 2021. 

Created anonymously in August 2020 under the pseudonym “Ryoshi,” the Shiba Inu Coin quickly gained speed and value thanks to the influence of celebrities such as Elon Musk and Vitalik Buterins. The actual price increase for Shiba Inu Coin (SHIB) started on September 17, 2021, when Coinbase, the largest US cryptocurrency exchange platform, listed Shiba Inu on the platform. The news effectively increased the price of Shiba Inu by 40%. On Friday, December 31, 2021, the Shiba Inu price was still at $0.000033, with a daily trading volume of $930,731,795 and a total circulation of 549,063,278,876,302 SHIB Coins. Coinbase currently ranks 13th with a  market cap of $18,375,275,678.

Shiba Inu released a roadmap of creating more utilities for the coin. However, increased utilities will increase more holders and increase its value in 2022. Shiba Inu recently made an important announcement about the ongoing development of the Layer2 Shibarium blockchain project.

EverGrow (EGC):

However, the deflationary token Evergrow, launched in September 2021, surprised everyone in the crypto industry with its high value. This is another cryptocurrency facing Shiba Inu. EGC made headlines with a historic smart contract that levies an 8% tax on all transactions made in the coin and rewards holders with a more stable and substantial Binance BUSD coin. It has rewarded users over $30 million. All EGC holders receive 8% rewards on all coin buy/sell transactions. Additionally, 3% of each buy/sell transaction ID is transferred to the BuyBack wallet, and 2% is converted to liquidity, creating a stable floor in the market. The EGC ecosystem consists of many exciting projects such as PlayToEarn games, NFT lending platform, NFT marketplace, content subscription platform, and betting pool. The 

The NFT lending platform allows NFT holders to borrow using NFTs as collateral. The Craton Subscription Platform is a content platform where EGC can tip, publish, and purchase content. It is predicted to compete against OnlyFans and Patreon. The team also announced the development of a new wallet and betting pool. The EGC wallet will be launched in 2022. EGC will work with an innovative suite of stake pool smart contracts to achieve sustainable utility that can be passed on to earn another token. The recently launched decentralized swap exchange allows buyers to purchase EGC on the platform. 

According to the team, 100% of the revenue generated in the EverGrow ecosystem will be used for the BuyBacks and Burn functions. BuyBack and Burn components increase holders’ confidence and influence positive price action. If these utilities prove successful and proceeds are generated to enable BuyBack and Burn features, it will be a huge watershed for EverGrow and community owners.

Coingecko says the cryptocurrency has risen more than 100% in the past ten days and is traded at $0.00000111. EGC’s significant price increase is tied to a utility launch scheduled for the first quarter of this year.

Cardano (ADA)

Cardano price first set a swing low at $1.20 on December 3, 2021, and has since revisited it multiple times. Founded by Ethereum co-founder Charles Hoskinson, Cardano is considered a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. With ADA, the native crypto of Cardano, Cardano can facilitate peer-to-peer transactions. The currency debuted with a market cap of $600 million in 2015. By the end of 2017, it had a market cap of $9 billion and reached a value of $33 billion in 2021. On Saturday, Cardano was trading at $1.24. While things are looking up for Cardano’s price, the bullish outlook depends very much on what happens at the $1.20 support floor. According to FXstreet price analysis, Cardano price needs to stay above $1.14 in 2022 for the bullish thesis to remain intact.