If You Missed Out on Shiba Inu there’s Still Hope for 2022

With memecoins like Shiba Inu, which have little to no utility, valued at around 66 times that of Ever Grow Coin there's a clear gap between hype and functionality.

Shiba Inu was the standout memecoin to go viral in 2021 and despite being down 75% from its all-time high, the market cap still stands at an eye-watering $12 billion. That makes it the 15th biggest crypto in the world by valuation. A $100 investment at launch would be worth over $2 million today!

Many investors are no doubt kicking themselves for missing out on such crypto gains, but as with so many things a bet on Shiba Inu was a pure gamble. After all, it was a coin based off of memes about Japanese dogs. Shiba's moment was a combination of some smart marketing, hype and headlines that led investors to pile into the meme-coin en masse. The very name itself, a homage to the Elon Musk-backed Dogecoin, was all part of the plan.

In reality, Shiba Inu offers little tangible value, with seemingly little effort to do so in the future. It's built on the Ethereum blockchain, and there's plenty of opportunity for development had the team behind Shiba Inu been inspired to do so. 

If 2021 was the year of the memecoin, a year where cryptocurrency went mainstream, there are signs that 2022 could be the year where cryptocurrency gets serious. The growth of the cryptocurrency industry from $700 million to nearly $3 trillion in 2021 means thousands more developers have flocked to build the next best investment. These are projects backing their growth with real utility and fundamental value. 

Ever Grow Coin ($EGC) is an example of one of these highly developed digital assets launched by a team of experienced finance, blockchain, and marketing experts. The token pays a stable currency to holders that can be used to generate passive income. In the short four months since launch, holders of EGC have received over $33 million of binance-pegged USD rewards – a stable, regulated currency pegged 1-to-1 with the USD. The project currently has 130,000 holders according to BSCScan.

With their revolutionary contract, The crypto quickly grew to over $1 billion in market-cap, but then a major data error on CoinMarketCap, just weeks into the launch, caused panic amongst investors. Errors were corrected by December 2021. Though EverGrow's market cap has sunk to below $300 million in valuation there's still a lot of potential for 2022. 

EGC is, of course, a very different animal to Shiba Inu. In addition to the obvious benefits of BUSD rewards, the team behind the project are in the process of releasing a crypto wallet and have a suite of utilities in development, from a content creation platform to NFT marketplace & lending opportunities, designed to bring continuous value to investors. 

With memecoins like Shiba Inu, which have little to no utility, valued at around 66 times that of Ever Grow Coin there's a clear gap between hype and functionality. Ground-breaking projects like EverGrow could see some serious upsides from their current low market cap. If the team continue to lead the crypto community into new directions with innovation and transparency, there's a good chance EGC could be one of the top cryptos to invest in for 2022.