If You Missed Out on Shiba Inu, There’s Still Hope For 2022 – There’s a distinct disparity between excitement and functionality, with memecoins like Shiba Inu, that have little to no utility, valued at about 66 times that of Ever Grow Coin.
Shiba Inu was the most popular memecoin in 2021, and although being down 75% from its all-time high, its market valuation is still staggering at $12 billion. By market capitalization, it is the world’s 15th largest cryptocurrency. A $100 investment at the time of debut would now be worth more than $2 million.
Many investors are undoubtedly kicking themselves for missing out on huge big returns, but a bet on Shiba Inu, like so many other things, was purely speculative. After all, it was a currency inspired by Japanese dog memes.
Shiba’s moment was a result of a combination of clever marketing, hype, and headlines that attracted a large number of investors to the meme-coin. It was all part of the idea, right down to the name, which is a reference to the Elon Musk-backed Dogecoin.
Shiba Inu, in truth, provides little tangible value and appears to make little attempt to do so in the future. It’s based on the Ethereum blockchain, and there’s plenty of room for expansion if the Shiba Inu team is motivated to do so.
If 2021 was the year of the memecoin, when cryptocurrency became mainstream, 2022 appears to be the year when cryptocurrency becomes serious.
Thousands of developers have flocked to produce the next best investment, with the cryptocurrency market growing from $700 million to over $3 trillion in 2021. These are projects that have substantial utility and intrinsic worth to back up their growth.
Ever Grow Coin ($EGC) is an example of a well-developed digital asset founded by a group of seasoned finance, blockchain, and marketing professionals.
The token provides holders with a stable currency which can be used to create passive income. Holders of EGC have earned over $33 million in binance-pegged USD awards in the four months since inception – a steady, regulated currency pegged 1-to-1 with the USD. According to BSCScan, the initiative currently has 130,000 participants.
With its breakthrough contract, the crypto swiftly expanded to over $1 billion in market capitalization, but just weeks after introduction, a big data error on CoinMarketCap sparked fear among investors.
By December 2021, all errors had been fixed. Even though EverGrow’s market cap has dropped below $300 million, the company still has a lot of room to grow in 2022.
Of course, the EGC is not the same as the Shiba Inu. Aside from the obvious benefits of BUSD rewards, the project’s team is working on releasing a crypto wallet and has a suite of utilities in the works, ranging from a content creation platform to an NFT marketplace and lending opportunities, all of which are designed to provide investors with ongoing value.
There’s a distinct disparity between excitement and functionality, with memecoins like Shiba Inu, that have little to no utility, valued at about 66 times that of Ever Grow Coin.
From their present low market cap, ground-breaking projects like EverGrow could see some big upsides. There’s a good chance EGC will be one of the leading cryptos to invest in in 2022 if the team continues to drive the crypto community in new areas with innovation and transparency.