The price of Shiba Inu has climbed more than 40M percent this year but has dropped since then. Currently trading at $0.0000315, Shiba Inu (SHIB) is an ERC-20 token built on the Ethereum blockchain, dubbed “Dogecoin Killer,” Shiba Inu recently became the 11th Biggest crypto in the world.
The cryptocurrency could have several potential catalysts on the way, including an announcement by its founder Ryoshi to burn more tokens in the future or add utilities for Shiba Inu. However, one of the causes behind Shiba Inu skyrocketing is the involvement of Ethereum whales. Currently, The top ten distinct Shiba Inu addresses hold 64% of that money. If you are Looking for crypto’s other than Shiba Inu to Invest in, Top cryptocurrencies that could beat Shiba Inu in 2022 and why:
Evergrow Coin: A newly launched hyper deflationary token, EverGrow, saw a dramatic rise in value. However, EverGrow was launched recently, in September. It has beaten many crypto records and is expected to explode in 2022. In 2 months, EverGrow already has 115,000 token holders, and the crypto has paid over $30,000,000 rewards to its holders. Based on the Binance Chain, which is much faster and cheaper compared to the ethereum blockchain.
EverGrow contracts introduced a unique concept. Its contracts distribute 8% of every transaction among its holders – meaning regardless of the fluctuations in the value of $EGC, its holders keep receiving passive income. The Token also has a burn mechanism inbuilt in its contract, thereby increasing its scarcity within time, fueled by a 2% tax on every transaction. On launch, 50% of the total token supply was burnt and removed permanently from circulation, and 2% have been burned manually since then.
These mouth-watering rewards attracted mass adoption and took the crypto world by storm, but EverGrow is not just about rewards. The team behind EverGrow, which comprises finance, marketing, and blockchain experienced professionals, has added numerous utilities to increase token adoption and usability. The utilities will also create steady volume and generate passive income for its holder. The website roadmap includes NFT Lending platforms and Marketplace.
NFTs took 2021 by storm, but most marketplaces are built on Ethereum, with a higher minting fee and time. EverGrow also recently revealed their plan to launch a wallet supporting ERC 20 and BEP 20 Tokens and an Exchange that will support Token integration with rewards. Reward tokens generate millions in daily trading volume for decentralised exchanges, but decentralised exchanges still have some limitations compared to centralised exchanges like Binance. EverGrow exchange aims to fill this gap in the industry.
A few upcoming products in EverGrow ecosystem included their Play to Earn Game. These upcoming utilities affirm that EGC might outperform Shiba Inu. You can Buy EverGrow from Decentralised Exchanges Like Pancakeswap, Bitmart, Bibox, XT.com.