For most individuals, blockchain technology, particularly crypto, has presented an opportunity for financial independence. As blockchain technology develops, the market keeps evolving into a more competitive one.
Today, nearly every sector is reaping big from blockchain technology. Consequently, investment enthusiasts are keen to identify the next big crypto that will explode in 2022. Many crypto experts have created content predicting the prices of various cryptos, including Dogecoin, EverGrow, and Bitcoin Cash prices.
Over a decade ago, having a currency based on a dog meme would have appeared impossible and unrealistic. However, in 2013, Dogecoin was launched. Presently, Dogecoin commands $20 billion, and its relative rival Shiba Inu has $16 billion in market cap.
In 2021, Dogecoin splendidly made a millionaire, Glauber Contessoto, during its bullish run. The 33-year-old investor had risked all his stocks and savings in DOGE only two months before the crypto made him a millionaire. During the bullish run, Dogecoin’s price went up by 18,000%, something even the most experienced investors can’t predict.
Presently, Dogecoin’s price has gone up by 26% over the past one week as its token price hit $0.15. As a meme-based crypto coin founded on Internet culture, the crypto depends on being in the news for price increment. In this post, we’ll assess the relatively new crypto founded on strong utilities – EverGrow Coin, to determine if it will explode in 2022.
Dogecoin – Tesla CEO’s Preferred Crypto
Today, Dogecoin is increasingly associated with Elon Musk, the Tesla CEO. Last year, Dogecoin’s accelerated increase in price was associated with Elon Musk Tweeting about DOGE’s token, referring to it as his “favorite.” Not long ago, in February, Tesla declared that Dogecoin could be utilized in recharging a Tesla at the Santa Monica supercharging outlet.
Yet again, recently, DOGE experienced another price increment of more than 5% following Elon Musk’s joke on Twitter regarding his intent to buy the social media platform and change the bird logo for the Dogecoin meme.
EverGrow Coin
Recently, EverGrow Coin has appeared in the headlines following its announcement of two latest applications that will change the crypto sphere. The first application is an NFT-based platform that enables borrowing against digital assets as security. The app provides a new opportunity for investors to create revenue from NFTs without the need to sell them. Besides, this will take place on the quicker and relatively cheap BNB Chain instead of Ethereum.
The second app EverGrow Coin will launch Crator, a content subscription marketplace incorporating crypto payments in conjunction with fiat currency. With this app, content creators can establish various subscription tiers, offer tips for their content, and switch between paid and free live streaming.
The two applications are meant to create revenue that’s 100% re-invested into EverGrow Coin, directly in the form of rewards or into strategic coin burns. Ultimately, this will add to EverGrow Coin’s reflection tokenomics, which has reimbursed investors more than $35.5 million within five months via a 14% transaction tax.
Final Word
EverGrow Coin is relatively new crypto in the industry with a market cap of about $230 million – less than DOGE’s $20 billion. Ultimately, it’s best to diversify your investment portfolio as these two cryptos represent competing industries, likely to explode in 2022.