EverGrow Coin will reach $1 is going ahead of Shiba Inu concerning the crypto price in 2022
EverGrow Coin is a relatively new startup expected to reach the $1 mark within the next two years. Shiba Inu investors often ask if the company will reach that level.
Let’s look at a $100 investment if Shiba Inu or EverGrow Coin reaches $1. Shiba Inu currently has a market cap of $0.0002397; if it can shed four zeroes from its value, it would be worth $4,172,000.
EverGrow Coin’s current market cap is $0.000000363760. If its price can reach $1, a $100 investment would be worth $274,876,306.
In 2021, Shiba Inu lost six zeroes. By 2022, a $2 investment would have made you a multi-million dollar asset.
EverGrow Coin will reach $1 before Shiba Inu.
The BB+B token refers to EverGrow’s built-in mechanism for buying back and burning cryptocurrencies. This allows the company to boost its price artificially.
In May last year, Vitalik Buterin, the founder of Ethereum, burned 410,000 Shiba Inu tokens, severely decreasing the cryptocurrency supply. Due to this event, the price of Shiba Inu shot up 900%. This resulted in a significant reduction in the supply of cryptocurrency.
Since then, over 410,000,000 Shiba Inu tokens have been burned, about 41.03% of the total supply. Due to the nature of the cryptocurrency’s decentralized structure, its fans are responsible for burning it in creative ways. For instance, the Shiba Inu Coffee Company burns SHIB tokens to fund its operations.
But what if reaching a $1 price through coin burns happened automatically? Enter EverGrow Coin.
EverGrow Coin has burnt more of its supply than Shiba Inu in just five months.
On bscscan.com, the Evergrow Coin wallet address is the top one. It has over 500,000 Evergrow Coin tokens, representing over 52% of the total supply. Since it was launched in September last year, Evergrow has surpassed Shiba Inu regarding the number of burned cryptocurrencies.
Evergrow’s entire business model is built on the idea that Shiba Inu can achieve extraordinary returns by accident. This is why the company burns so many tokens.
Evergrow’s 14% tax on every sale or buy of the company comes with a couple of percents set aside for its strategic coin burns. Evergrow’s chairman Sam Kelly confirmed the details of the company’s taxation on Twitter following its listing on the DigiFinex exchange last week.
According to Sam Kelly, Evergrow’s chairman, the company’s trading volume on the DigiFinex exchange reached over $1 million in just a few hours. More than $34,000 was allocated for BB+B in just a few hours.
EverGrow Coin’s ecosystem of applications creates at least ten revenue streams for BB+B.
Evergrow’s roadmap shows that the company’s BB+B token can earn multiple revenue streams through various mechanisms. These include the company’s content subscription platform, which is life, and the upcoming drop of NFT in April 2022. Other revenue streams include The Abstract, a metaverse integration, and a ground-breaking marketplace.
Currently, Shiba Inu has a market cap of around $13 billion, while Evergrow’s is around $184 million. Despite its impressive performance, Shiba Inu still has a long way to go to reach $1. Evergrow started from a similar level almost a year ago; since then, it has rocketed up.
The information in this article has been obtained from sources not qualified to provide financial advice and should not be considered an investment or a basis for any decisions. Before making any decisions, it is important that you thoroughly research the market and financial advisors.