The crypto industry has struggled to take off in 2022. Sky high inflation at the beginning of the year saw analysts tout cryptocurrencies like Bitcoin as the new 'digital gold' for hedging investment. But the Russian invasion of Ukraine and news of crypto regulations has seen the crypto market fall below $2 trillion and remain there into March 2022. The crypto market is currently valued at $1.96 trillion.
After the outbreak of war of eastern Europe saw the market tank to just over $1.5 trillion, many analysts are saying that Bitcoin's 'bottom is in'. From here on out, things could get better. While most top 20 cryptos are up by 5% on seven-day averages, others like Terra are up 74%.
In this article we'll look at the fastest growing cryptos entering March 2022, as well as look at how cryptos like EverGrow Coin, Shiba Inu and Ethereum could see significant gains in the coming year.
Shiba Inu fast became one of the Internet's most popular crypto coins after posting massive gains last year. So far 2022 has not been so kind on Shiba Inu, however, currently up 12% over the last seven days. Shiba Inu saw further uptakes among merchants earlier this year and many developments – including the Shibarium metaverse – are anticipated in the near future. SHIB is currently trading at $0.00002779.
EverGrow Coin (EGC)
EverGrow Coin is one of the newest cryptocurrencies on this list, launching in September last year. But EverGrow has been gaining attention with the imminent rollout of Crator – the world's first crypto integrated social media platform. The team's developers have announced any profits from Crator will be used to buy back and burn (BB+B) EverGrow Coin tokens in the market. This will push up EGC's price (currently at $0.0000005497) while also creating rewards in Binance pegged US Dollars (BUSD) for investors and distributing $34 million BUSD to its holders along the way. EverGrow is up 22% over the last seven days.
Ethereum is the second-biggest crypto token by market cap. Both Bitcoin and Ethereum's ETH are up over the last seven days, with ETH seeing a 16% increase over the week. Ethereum's market cap has fallen under 20% for the first time in 2022, though new updates could see positive growth still to come. ETH is currently trading at $3026.
The LUNA token from Terra is currently the fastest growing of the top 20 crypto coins. Its token price is up 73% in the last week, according to CoinMarketCap. The price is currently $91.65 up from lows of $48 just over a week ago. Terra is a blockchain protocol using fiat-pegged stablecoins to power global payments systems. LUNA stablises the price of the protocol's stablecoins and holders can vote on governance proposals.
Dogecoin's market cap has fallen sharply from over $20 billion at the beginning of February to around $16.5 billion today. DOGE has fallen in the crypto rankings to 13th place, just one above Shiba Inu, according to CoinMarketCap. Dogecoin saw some pumps in price this year – especially after Tesla CEO Elon Musk announced a Santa Monica supercharging station was now accepting DOGE – but this coin has a loyal fanbase eager to see growth. DOGE is currently trading at $0.1251.
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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.