Want Shiba Inu growth? Try EverGrow

The explosive growth of Shiba Inu gave investors a 48,000,000% ROI last year.

Had you bought just $2 of Shiba Inu on January 1st, your portfolio would have swelled to six figures by the end of October.

It's no wonder that Google searches for 'Shiba Inu' nearly doubled those for 'Bitcoin' in the last week of October – even as Bitcoin was put in its all-time high price of $69,000.

But the question on every potential Shiba Inu investor's mind is this:

Can Shiba Inu give my portfolio the same growth in 2022?

In the year to date, Shiba Inu has fallen 63% in price. SHIB is currently the 15th largest cryptocurrency by market cap and needs a billion dollars of new investment to grow even 15%.

Lately we've been examining small market cap cryptocurrencies (under $100 million) for whom a billion dollars would mean a growth of at least 1,000% in price.

Today, we look at the reflection token EverGrow.

In the subheadings below, we will outline all the reasons why EverGrow is a prime candidate for Shiba Inu style growth in the next 12 months.

Ready?

Let's get going.

EverGrow – $37.5 million rewards to date

When Shiba Inu exploded in price, it proved that meme-coins really can make investors a lot of money.

In 2022, it's no surprise that thousands of meme-coins have entered the market.

Some, like ApeCoin, have enjoyed success – but the vast majority are struggling in the shadows.

EverGrow is different.

EverGrow is leading the pack of a new breed of cryptocurrencies: reflection tokens. More specifically, stablecoin reflection tokens.

Let's take a look at the reflection tax on EverGrow:

• EverGrow charges a 14% tax
• 8% of the 14% tax is given back to investors (these are called 'reflections')
• But rather than rewarding investors in a native token (like the reflection coin SafeMoon) EverGrow pays investors in the Binance-Pegged USD stablecoin

The benefits of stablecoin rewards are an update to the reflection token space which make passive income from crypto a genuine possibility. BUSD rewards do not fluctuate in value. They enter your crypto wallet every 6 hours and can be instantly withdrawn as $USD or re-invested on the Binance exchange.

More than $37.5 million BUSD has been paid to investors since EverGrow launched in September last year.

That's why EverGrow is leading the reflection token space – and will be a go-to project for anyone looking to make crypto passive income in 2022.

EverGrow – more tokens burned than Shiba Inu

It was a massive coin burn of 41.02% of the SHIB supply which set Shiba Inu off to its first major all-time high in May last year.

Today, despite burning SHIB being a rallying cry for the ShibArmy, the Shiba Inu burn rate is just 41.03%.

EverGrow launched in September with a plan to better this burn rate. According to the white paper a further 2% of the 14% transaction tax is set aside for buyback and burn. Using these funds, EverGrow has burned through 53% of the initial supply before even reaching its first birthday.

In 2022, this burn rate is set to grow even more.

EverGrow has three key applications set to launch before the year is out:

• An NFT marketplace on the BNB Chain – LunaSky
• A content subscription app combining crypto and fiat – Crator
• A cloud-streamed play-to-earn VR gaming arcade – The Abstract

The function of these applications beyond serving the crypto community is to use all profits for more buyback and burn of EverGrow.

Coin burning will help to rapidly boost the EverGrow price – and also be a catalyst for further investment in 2022.

EverGrow – insane passive income potential at current prices

Let's look at some of the math of EverGrow passive income.

Imagine you have $5,000 to invest today. After paying a 14% tax you get 26.9 billion $EGC (current price: $0.00000016).

If you input this into one of the EverGrow calculators you can now start playing with the numbers (BUSD rewards are dependent on daily trading volume).

Here are a few scenarios:

• Bear market. EverGrow is averaging $300,000 daily trading volume in August 2022. Over a month rewards on your 26.9 EGC would be just $44, and $532 over 12 months. But we are still in a bear market in August.
• Average market. From October to July, EverGrow averaged a daily trading volume of $3,619,718. Over a month, rewards on your EGC investment would be $528, and $6,419 over 12 months. I.e. you could make your investment back entirely with EverGrow passive income, which you can use without touching your underlying $EGC investment.
• Bull market. Over the month of November last year, EverGrow averaged a daily trading volume of $14,564,408. Over a month rewards on your EGC investment would be $2,123, and $25,831 over 12 months. I.e. you could make your investment back five times over without losing any of your underlying EGC position.

The scale of potential passive income at current EverGrow prices is bringing in a lot of new investment.

This alone will help to push up the demand for EverGrow and bring it closer to Shiba Inu style growth.

EverGrow – small market cap of just $85 million

In the current crypto market, the 50th largest token has a market cap of just over $1.1 billion.

For EverGrow to break the top 50 it would therefore need about $1 billion of investment – or 0.008% of the current crypto market. That would mean a price hike in EverGrow of 1,194%. Let's say you invested that $5,000 into $EGC today, your portfolio would then be worth $55,650.

Now let's imagine that Shiba Inu grows 1,194% in market cap.

Shiba Inu would swell to a value of $88.65 billion. Shiba Inu would have to flip Tether, USDC, BNB, XRP, Cardano, BUSD, Solana, Polkadot, Dogecoin, Avalanche, Dai and Polygon. It would also need over $80 billion of investment – over 7.1% of the current crypto market.

The chances of such explosive growth are much lower today than when Shiba Inu was worth under $100 million.

That's why if you're looking for Shiba Inu style growth, you're unlikely to get there in the next 12 months with SHIB.

Instead, you should look at small cap cryptocurrencies – for example, try EverGrow.