The price of the Shiba Inu has climbed more than 40 million percent this year, but has fallen since then. Currently trading at $ 0.0000315, Shiba Inu (SHIB) is an ERC-20 token built on the Ethereum blockchain, nicknamed ‘Dogecoin Killer’, Shiba Inu recently became the 11th largest crypto in the world.
Cryptocurrency could have several potential catalysts in the way, including an announcement by founder Ryoshi to burn more tokens in the future or add utilities for Shiba Inu. However, one of the causes of the soaring Shiba Inu is the involvement of the Ethereum whales. Currently, the top ten separate Shiba Inu addresses hold 64% of this money. If you are looking for non-Shiba Inu cryptocurrencies to invest in, the best cryptocurrencies that could beat Shiba Inu in 2022 and why:
Evergrow Coin: A recently launched hyper-deflationary token, EverGrow, has seen a dramatic increase in value. However, EverGrow launched recently, in September. It has broken many crypto records and is expected to explode in 2022. In 2 months, EverGrow already has 115,000 token holders, and the crypto has paid out over $ 30,000,000 in rewards to its holders. Based on the Binance chain, which is much faster and cheaper compared to the ethereum blockchain.
EverGrow contracts introduced a unique concept. Its contracts allocate 8% of each transaction among its holders – meaning that regardless of fluctuations in the value of EGC $, its holders continue to receive passive income. The Token also has a burn mechanism built into its contract, thus increasing its scarcity over time, fueled by a 2% tax on each transaction. At launch, 50% of the total token supply was burned and permanently withdrawn from circulation, and 2% has been manually burned since then.
These enticing rewards have drawn massive adoption and taken the crypto world by storm, but EverGrow isn’t just about the rewards. The team behind EverGrow, which includes seasoned finance, marketing, and blockchain professionals, have added numerous utilities to increase token adoption and usability. Utilities will also create stable volume and generate passive income for their holder. The website roadmap includes NFT lending platforms and the marketplace.
NFTs have taken 2021 by storm, but most markets are built on Ethereum, with higher fees and typing time. EverGrow also recently revealed its intention to launch a wallet that supports ERC 20 and BEP 20 tokens and an exchange that will support the integration of tokens with rewards. Reward tokens generate millions of daily transaction volumes for decentralized exchanges, but decentralized exchanges still have certain limitations compared to centralized exchanges like Binance. The EverGrow exchange aims to fill this gap in the industry.
A few upcoming products in the EverGrow ecosystem included their Play to Earn game. These upcoming utilities claim that EGC could outperform Shiba Inu. You can buy EverGrow from decentralized exchanges like Pancakeswap, Bitmart, Bibox, XT.com.