Have you read about how burning Shiba Inu can lead to insane price pumps?
Then here's what you need to know.
Vitalik Buterin burned 41% of the Shiba Inu supply just over 18 months ago – within two weeks the price of SHIB pumped 50,000%. In dollar terms this would have turned $100 into $50,000 before you get your next paycheck!
There's just one problem.
Shiba Inu has not managed to do the same again. Meanwhile other altcoins like EverGrow believe they have found a mechanism to replicate a Shiba Inu-style price pump at scale.
Shiba Inu went from a value of $0.0000000001 to $0.00003 in the first few months of 2021.
Surely a jump to $1 shouldn't be hard to achieve? Wrong!
The Shiba Inu price pump happened after Vitalik Buterin burned nearly half the SHIB supply. From May 2021 until today, the amount of the Shiba Inu locked away in burn wallet addresses has remained stuck at 41%.
This is because it's currently individual investors who need to burn their own SHIB – i.e. you need to destroy a portion of your own portfolio – to reduce the supply.
Sure, billions of SHIB has been burned. But it's not enough! We need trillions of SHIB!
The Shiba Burn Tracker says at the very best Shiba Inu is on track to burn through another 40 trillion tokens in 1,425 years. By that time, we probably won't be around to check our ROI.
With EverGrow, you're looking to have a healthy portfolio by the next bull market.
You can read more about EverGrow here: https://evergrowegc.com/
EverGrow burned through 6,000x more of its own circulating supply than Shiba Inu in November.
EverGrow burned 2.7 trillion tokens worth over $200,000. Meanwhile, Shiba Inu burned 661 million tokens worth around $6,000. Obviously something good is going on because EverGrow prices pumped over 43% in November and left Shiba Inu in the dust!
How has EverGrow done it?
First, you need to understand that EverGrow is a reflection token. You pay a 14% tax everytime you buy or sell EverGrow:
EverGrow makes it worth your while to pay the tax, because it's paid out more than $38 million to its holders in the past year. An incredible innovation to ramp up the burn rate is just the icing on the cake – a very sweet icing at that!
In September, EverGrow launched an NFT marketplace called LunaSky. It announced that 100% of revenue would be used to burn EverGrow. The burn started in November with $12,500 used to burn EverGrow each day.
The EverGrow burn is going to ramp up in 2023 as EverGrow drops a content subscription app (think OnlyFans, just paid in crypto) as well as a wallet and token swaps. Each are going to send revenue to burn EverGrow – and the prices are going to PUMP!
It's something Shiba Inu hasn't managed to do in over 18 months of trying.
But now, if you're thinking of investing in SHIB, you don't have to try any more. Just buy EverGrow using BNB or BUSD via the EverGrow website today, or you'll be sorry you missed it!
Buy EverGrow now: https://evergrowegc.com/
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.