Why EverGrow Coin will reach $1 way before Shiba Inu

EverGrow Coin Is Ahead of Shiba Inu Regarding Crypto Price in 2022

Every Shiba Inu investor wonders ‘will Shiba Inu reach $1?’ – but crypto newcomer EverGrow Coin will hit that figure much sooner.

Before we get into the hows and whys, let’s take a look at what a $100 investment will look like if Shiba Inu or EverGrow Coin reaches a price of $1. If Shiba Inu can lose four zeros from the current price of $0.00002397, a $100 investment would be $4,172,000.

In the case of EverGrow Coin, if EGC’s current price of $0.000000363760 can reach $1, a $100 investment would become $274,876,306.

These kinds of gains are life-changing – and not impossible. Shiba Inu lost six zeros over the course of 2021, meaning a $2 investment at the start of 2021 will give you a millionaire by 2022.

EverGrow Coin Reaches $1 Ahead of Shiba Inu

The answer to this question is in just three letters: BB+B. It stands for buy-back-and-burn and refers to: EverGrow Coin‘s built-in crypto token burning mechanisms to drive up the price of EGC.

To understand the importance of this, let’s illustrate some Shiba Inu history. In May last year, the co-founder of Ethereum Vitalik Buterin 410,000,000,000,000 Shiba Inu tokens burned (about 41% of the total supply). This greatly reduced the supply of Shiba Inu crypto tokens and occurred when the price of Shiba Inu skyrocketed by 900% to reach an all-time high of $0.00003791.

According to shibburn.com to date, 410,312,981,378,284 Shiba Inu tokens have been burned – approximately 41.03% of the stock. Shiba Inu crucially lacks centralized oversight, meaning loyal Shiba Inu fans are burning tokens in creative ways – like the Shiba Inu Coffee Company which uses profits to burn SHIB tokens. The goal is to stay lit until 1 Shiba Inu token is worth $1.

But what if reaching a $1 price automatically by burning coins would happen automatically? Enter EverGrow Coin.

EverGrow Coin Has Consumed More Of Its Supply In Just 5 Months Than Shiba Inu

The best EverGrow Coin wallet address on bscscan.com is the EGC fire address. It contains 528,465,477,725,549 EverGrow Coin tokens representing 52.85% of the supply. This means that EverGrow Coin has managed to burn more crypto tokens than Shiba Inu – and automatically – after launching in just September last year.

So how does EverGrow Coin burn so many tokens? The crux of the matter is that EverGrow Coin’s entire business model is set up to see the kind of returns that Shiba Inu accidentally made.

Anyone who buys or sells EverGrow Coin comes with a 14% tax, of which 2-3% is reserved for strategic coin burns (BB+B). After EverGrow Coin was listed on the DigiFinex exchange last week, Chairman Sam Kelly explained on Twitter

For example, EverGrow Coin Chairman Sam Kelly explained on Twitter last week how an EGC trading volume of $1,183,929 on the DigiFinex exchange saw $35,517 set aside for BB+B in just a few hours.

EverGrow Coin’s ecosystem of applications creates at least 10 revenue streams for BB+B

EverGrow Coin’s roadmap includes at least 10 different revenue streams for BB+B. These go well beyond the 14% transaction tax, which includes the profits of a content subscription platform (crater), will benefit from an NFT marketplace that will be shut down in April 2022, and will benefit from a groundbreaking metaverse integration (The abstract), and much more. (You can see a full list of BB+B mechanics here

Shiba Inu currently has a higher market cap, $13 billion compared to the modest $184 million of EverGrow Coin† However, Shiba Inu skyrocketed from similar levels to EverGrow Coin in just a year, and as of now, Shiba Inu arguably has a bigger challenge to hit $1 than EverGrow Coin.

Disclaimer: The information in the article is for educational purposes only. By using this, you agree that the information does not constitute investment or financial advice. Do your own research and check with financial advisors before making any investment decisions.

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Analytics Insight is an influential platform dedicated to insights, trends and opinions from the world of data-driven technologies. It tracks developments, recognition and performance of companies in the fields of artificial intelligence, big data and analytics around the world.

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