Crypto Investors Get Bullish on Avalanche and EverGrow Coin

Want to know whether Avalanche is a good crypto investment for 2022? Here's your answer

6% gains over the last week. That's more growth than Bitcoin, Ethereum or BNB – the leading crypto tokens by market cap. While it grabs attention, it's worth asking is Avalanche a good crypto investment for 2022? 

Many people buy up trending tokens like AVAX without understanding the roadmap of the project behind it. This kind of haphazard investing is often why cryptos see impressive price hikes followed by rapid losses as wallets quickly sell off their assets.

In this article we will compare the roadmap of Avalanche with that of EverGrow Coin – a crypto project that despite being away from the headlines and crypto trending charts is still making its coin holders hundreds and even thousands of dollars.

Avalanche – the low-cost, eco-friendly alternative to Ethereum

Avalanche's AVAX token has grown 36% over the last seven days, the highest of any top 20 crypto token. It's miles ahead of Ethereum's 14% growth over the past week and Bitcoin's 6.8% price increase.

But Avalanche's gains, in theory, should come as a result of Ethereum's losses. Avalanche launched in September 2020 as a direct competitor of crypto's second most valuable blockchain network. In particular, Avalanche pits itself as a 'blazingly fast' 'low-cost' and 'eco-friendly' alternative to Ethereum's well-documented problems.

A number of crypto tokens have built upon Avalanche's three different blockchain networks that offer 'infinite' transactions per second (TPS) – compared to Ethereum's current 14 TPS. Avalanche can also provide transaction finality in 2 seconds, compared to Ethereum's 6 minutes. When it comes to the environment, Avalanche can perform all this computing without Ethereum's massive carbon footprint (equivalent to Serbia & Montenegro) and annual electricity consumption equal to that of the Netherlands.

But will this all change in 2022? Ethereum just announced the success of its last test phase before the smart contract giants plan to shift to a new proof-of-stake consensus mechanism and begin a new low-energy, fast and low-cost future. Ethereum's market cap is huge in comparison to Avalanche – $350 billion compared to $24 billion. For crypto investors in 2022, the dominance of blockchain networks for developers still hangs in the balance.

EverGrow Coin (EGC)

New crypto investors are likely to go for tokens already in the top 20 by market cap – like Avalanche, ranked #10 on CoinMarketCap. But that's not always where all the money is made. Avalanche is down about 20% on its year-to-date price movements. Had you bought when Avalanche's AVAX token was worth $3 dollars, it would be a different story? But what if making money in crypto had little to do with price fluctuations? 

Enter EverGrow Coin. EverGrow Coin is a reward token that pays you to hold on to your investment, rather than sell up as a bullish market gets going. It does this by charging a 14% tax on all transactions, with 8% of this paid out directly in stablecoin Binance USD. To date the project has paid out over $35 million to its 137,000 investors – averaging over $255 per person, depending on the size of your position.

EverGrow Coin's next goal is to turn EGC tokens into a kind of stock, which generates more and more passive income for investors through a suite of new applications. The first of these, Crator, is a content subscription platform that will directly challenge OnlyFans and Patreon by reducing commissions and diversifying payments. Crator will charge just 5% compared to OnlyFans' 20% commission and facilitate payments in EverGrow Coin, BNB, and BUSD to start with.

Before the end of 2022, EverGrow Coin will integrate into The Abstract metaverse that seeks to grow virtual reality experiences. The Abstract offers cloud-streamed VR games, allowing access for users without extra computing power. Users can earn crypto on play-to-earn VR games and enjoy a virtual NFT marketplace, crypto exchange, and Crator.