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It doesn't look good on paper – Dogecoin is trading at its lowest price in a whole year, while EverGrow Coin is seeing its lowest prices in six months.
Dogecoin and EverGrow Coin were among the fastest growing cryptos in the wake of Twitter's accepting the $44 billion takeovers by Elon Musk in April. Both have links to Musk and Tesla, so it was exciting times when they rocketed 20% in price – and both almost recovered all of their yearly losses?
Dogecoin is currently trading at $0.1168. This is a 0.7% drop in price in the last 24 hours and a fall in price from $0.14 a week ago.
The Dogecoin price is down from $0.17 at the beginning of 2022 and is 84% down from its all-time high of $0.7376.
EverGrow Coin has a price of $0.0000003404. CoinMarketCap shows a price increase of 6% in the past day, suggesting EverGrow Coin may have reached its bottom in this current bearish market. EverGrow Coin is down 92% from the EGC all-time high of $0.000003379.
While the current low prices may seem negative, it's all a matter of perspective.
According to EverGrow Coin chairman Sam Kelly, right now is an opportunity that only presents itself 'once every few years' for investors.
Because you can take advantage of it when the market rebounds and prices begin to grow again. Both DogeCoin and EverGrow Coin have been identified as key investments to take advantage of the Web3 era, and none of that has changed despite the current downturn.
Further news this week announced that WordPress websites can now accept Dogecoin payments – this will attract thousands of new investors as WordPress is the number 1 web building platform.
EverGrow Coin is also about to release its new NFT marketplace, LunaSky. The marketplace is housed on the Binance Smart Chain – making it cheaper than OpenSea which runs on the Ethereum Mainnet – and opens brand new avenues to making passive income from NFTs.
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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.
