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EverGrow: this year’s Dogecoin and Shiba Inu?

Written By : Market Trends

What would it take for a new token to be the next Dogecoin or Shiba Inu?

Here's a quick checklist:

  • New token would need a small market cap to start with
  • New token would need a community orientation
  • New token would need to be wildly lucrative for early investors
  • New token would need celebrity or influencer involvement

Both Dogecoin and Shiba Inu had a market cap in the tens of millions before breaking out into fame and fortune.

The legendary Shiba Inu wallet worth $5.7 billion at the all-time high made its sole $8,000 investment into SHIB back in August 2020, when the market cap was under $200,000.

Dogecoin and Shiba Inu interest was also fuelled by the involvement of Ethereum co-founder Vitalik Buterin in SHIB's case, and billionaire Elon Musk in Dogecoin's case.

If you want to diversify your crypto portfolio with promising small-cap cryptocurrencies, don't sleep on EverGrow.

The new BNB Chain token checks all the above boxes – and more.

Let's take a closer look.

Small market cap? – Check

The EverGrow market cap in September of 2022 is $80 million.

The project is still yet to reach its first birthday, but is primed for a breakout that could well see EverGrow sail into the crypto top 50 before the year is out.

This would require EverGrow to hit a market cap over $1 billion – which would mean a 1,150% price increase.

How likely is it that an investment today in Shiba Inu or Dogecoin could give such a return on investment? The Shiba Inu market cap would swell to $74 billion, and the Dogecoin market cap to $97 billion.

This would put SHIB and DOGE above Tether, USD Coin, BNB, XRP, BUSD, Cardano and Solana.

During the current bear market, such a market cap increase is unlikely.

Community orientation? – Check

Yes, Shiba Inu and Dogecoin built their success upon a love for dogs.

But the rise of SHIB and DOGE was more down to their ability to make investors money – a lot of money.

In this sense, EverGrow has automated much of what made Shiba Inu successful.

The first Shiba Inu all-time high came after Vitalik Buterin burned 41.02% of the SHIB supply in May last year – EverGrow has automated a burn tax of 2% on every transaction, which has burned through 53% of initial supply in three months.

Meanwhile, the Shiba Inu burn wallet has only grown to 41.04% of initial supply despite 18 months of SHIB burning.

Shiba Inu has also attempted to open up staking pools, passive income generators, NFTs and play-to-earn games in order to make investors more money.

EverGrow again has this built-in to its architecture.

The total EverGrow transaction tax is at 14%.

  • 8% for BUSD rewards ($38 million paid to investors in 12 months)
  • 2% for liquidity
  • 2% for development
  • 2% for buyback and burn

When the drops of three key applications are completed before the end of 2022, the BUSD rewards and coin burning are about to get wild.

Potential to be wildly lucrative? – Check 

Here's what's in store for the EverGrow ecosystem:

  • LunaSky NFT – on September 25th, EverGrow will drop its flagship NFT marketplace. All profits from LunaSky will be put back into buying up EverGrow and burning it from supply (buyback and burn will pay the transaction tax, and mean automatic rewards for investors).
  • Crator – in Q4 of 2022, EverGrow will drop a content subscription app. All profits again will go into EverGrow buyback and burn, and the platform will allow content creators to set tiered subscriptions in return to content and livestreams.
  • The Abstract – beta phase for the world's first cloud-streamed VR gaming arcade is live in September in Ohio, in the US. EverGrow will integrate a virtual crypto exchange, an NFT gallery and have its ecosystem token be a play-to-earn reward

These launches follow after a historic launch of the Lucro token in September. Lucro is intended as a high-volume ecosystem token for the above applications, and has just a 1% tax with 0.8% destined for EverGrow buyback and burn.

A fair launch for Lucro sold out within 60 seconds following $1.5 million investment.

A second fair launch sold out within 60 seconds following $750k investment.

If Lucro trading stays at the current volume, it will burn through 1.8% of the initial EverGrow supply every year at the very least. This also contributes to automated rewards for EverGrow investors.

The application drops will not only bring in thousands of newcomers to the EverGrow ecosystem, but have the potential to make it wildly lucrative for early investors.

Influencer involvement? – Check 

EverGrow might not win the backing of Elon Musk – but does it need to?

Just a few key influencers using Crator for their online content, or minting their NFT collections on LunaSky has the potential to bring in thousands of new users to the EverGrow ecosystem.

This could create a positive feedback loop, with more creators in the EverGrow ecosystem generating more rewards for EverGrow and more new investors driving up the price.

While one or two key names sparked huge investment in Dogecoin and Shiba Inu, it's telling where lead developers are now taking the two meme coins.

The launch of a blockchain ecosystem, play-to-earn games and metaverse projects show how DOGE and SHIB are desperate to build a community which doesn't rely on just one billionaire Tweeting about the project – as a case in point, Dogecoin is currently down 75% since Elon Musk's SNL appearance that took DOGE to an all-time high in May last year.

The advantage for EverGrow is the foresight to build a sustainable roadmap before breaking out in price.

Anyone diversifying their portfolio with an EverGrow investment could well generate a passive income stream in BUSD, alongside sizeable ROI from price increases in EverGrow and Lucro plus access to an ecosystem before it goes to the moon.

FIND OUT MORE

EverGrow website: https://evergrowegc.com/

Lucro token website: https://lucrotoken.com/

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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

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