EverGrow Coin or NEAR Protocol- Which Altcoin will Overtake Dogecoin?

It's a tough competition for Dogecoin to win against Evergrow coin and NEAR protocol.

NEAR Protocol has rocketed into the crypto top 20 rankings this April. It's currently ranked 17 on CoinMarketCap with a total valuation that's grown from $5 billion in March to over $10 billion today.

In fact, NEAR Protocol put in an all-time high of $20 price in January this year, which it nearly hit again with a price of $17.40 on April 7, 2022. While many top 20 crypto projects have been around since 2011 in the case of Bitcoin and 2015 in the case of Ethereum, the NEAR Protocol launched in late 2020.

EverGrow Coin is another fast crypto gainer that launched a year after NEAR Protocol. Its current market cap of nearly $300 million would put it well within the crypto top 150 on CoinMarketCap and with lots of room for growth in 2022.

In this article, we'll look at how these two altcoins' tokenomics have set them up for success.

EverGrow Coin – nearly $36 million in BUSD reflections

One of the barriers to the crypto space is that newcomers find it too complex to navigate. There's DeFi and then there's meme-coins or play-to-earn games and sometimes even just buying a crypto token can be harder than it seems. This is where EverGrow Coin comes in.

EverGrow Coin is a reflection token that pays out rewards every 6 hours, and which is financed by a 14% transaction tax on EGC. The reflections are paid in the BUSD stablecoin without investors even needing to press a button. Smart contracts take the complexity out of EverGrow Coin meaning you can sit back and watch your wallet grow – according to EverGrow Coin's dashboard nearly $36 million has been paid out to date.

EverGrow Coin's roadmap for 2022 includes launching an NFT marketplace, a wallet, and a content subscription platform called Crator. These applications are designed through smart contracts to redistribute all profits either as strategic coin burns or 100% as extra rewards for investors.

EverGrow Coin has a current price of $0.000000368413. Its market cap neared $1 billion last time it went on a bullish run and could be one to break the crypto top 20 this year.

NEAR Protocol (NEAR)

NEAR has a current price of $15.95. It has dropped 7% in price over the last 24 hours while the crypto market sees a general decline, but it's still been one of the standout cryptos this 2022. The coin has a trading volume of over $1.4 billion in the past 24 hours, putting it above that of Polygon, Shiba Inu, Polkadot, Avalanche, Cardano, and Litecoin.

NEAR Protocol was designed as a cloud computing platform that aims to eliminate problems of slow transaction times on current blockchain networks. The platform is user-friendly and makes it easy for developers to build DApps and has its own consensus mechanism – called Doomslug.

To date projects built on NEAR Protocol include Mintbase, an NFT minting platform, and Flux, a platform that lets developers create markets based on assets, commodities, or real-world events.

NEAR Protocol's key selling point is the ability to process up to 100,000 transactions per second – compared to about 15 on the Ethereum network. The network can also achieve near-instant transaction finality with fees at virtually zero. There are many blockchain networks on the market rivaling Ethereum, but 2022 could be the year that NEAR Protocol continues to grow and solidify a position in the crypto top 20.

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