Shiba Inu, Dogecoin and EverGrow are doing more to expand the horizons of cryptocurrencies than any other digital asset.
The potential of each is enough to make them a top 5 crypto before the end of 2022.
For Shiba Inu this can happen through sheer popularity, while Dogecoin has the best chance to become the de facto digital currency, and EverGrow to be the number one token for passive income made easy.
Below, we will look at how Shiba Inu, Dogecoin and EverGrow could change the face of crypto – we’ll also give predictions for how long this will take.
Shiba Inu – Most Collectible on the Planet
The Shiba Inu lead developer Shytoshi Kusama published a blogpost in July 2022 that detailed four updates that will chance the course of SHIB this year:
- Launch of the Shibarium layer-2 blockchain, allowing developers to build dApps and smart contracts on a Shiba Inu native network
- Launch of the Shi stablecoin, to bring extra use cases and potential to the Shibarium
- Launch of the Bone and Treat tokens on Shibarium – Bone will be used to pay gas fees while Treat will be a rewards token
- Launch of the Shiba Inu Collectible Card Game which Shytoshi called the ‘most collectible card game on the planet’
The verified @shibtoken Twitter account announced in December last year that PlaySide and Shiba Inu Games had inked a partnership on the Shiba Inu Collectible Card Game.
In mid July, Shiba Inu followers got their first visuals of what the game will look like in a video announcing that EXO Viewer – an arm of PlaySide Studios which provides 3D visuals for NFTs – was also on board.
Shytoshi Kusama hinted that the Shiboshis NFT collection would play a role in the Shiba Inu Collectible Card Game. But this later video in July makes it crystal clear: Shiba Inu is set to merge the worlds of NFTs, cryptocurrencies, play-to-earn gaming and collectible cards as early as September 2022.
While play-to-earn NFT games like Axie Infinity enjoyed huge success over the past year (before the Ronin bridge hack) such a feat has never been pulled off by a project that’s already a top 20 cryptocurrency.
The Shiba Inu Collectible Card Game has the potential to bring in thousands of new users to the crypto space and create new Shiba Inu investors from people with no prior knowledge.
When Shibarium launches and Shiboshi NFTs are moved over to the layer-2 blockchain, Shiba Inu has a strong potential to explode in value from its current 14th position in the crypto market cap rankings into the top 5.
Shiba Inu top 5 prediction – December 2022.
EverGrow – Revolutionary Crypto Passive Income
The development of quality blockchain platforms has paved the way for a new kind of cryptocurrency.
In fact, this new breed of crypto is not trying to be a currency at all.
EverGrow is the world’s leading reflection token paying out stablecoin rewards. From a 14% transaction tax on all $EGC buys or sells, 8% is redistributed among investors.
A transaction tax discourages day trading, panic selling and whale games – and that’s the whole point. EverGrow is designed to be a strategic investment that continues to make you passive income for years to come.
EverGrow has already paid out more than $37.5 million and that’s not in a native token – EverGrow rewards you in BUSD. While you sit on your investment and make use of this BUSD passive income a 2% cut of the 14% tax also goes towards strategic coin burns.
You can see on BSC Scan how a recent coin burn in July 2022 increased the EverGrow burn wallet to 53% of the initial supply.
Perhaps the biggest development with EverGrow is a pledge from the core team to never sell their positions and only take a salary from BUSD rewards like every other investor. This kind of transparency in a crypto project is desperately needed following the collapse of Terra Luna and the domino effect of this among DeFi and staking protocols.
EverGrow has been designed by investment professionals and is for investors.
An ambitious roadmap that will rollout an NFT marketplace, a content subscription platform, a metaverse experience and more will only increase daily trading volume and BUSD rewards for all.
At a current market cap of just $60 million EverGrow has a long way to make the crypto top 5, but one of the best roadmaps out there.
EverGrow top 5 prediction – April 2023.
Dogecoin – Decentralised Money
Dogecoin was the first currency ever founded on a joke.
The core code was reportedly copy-pasted from Litecoin in just three hours – according to software engineer Billy Markus, most of those three hours were spent changing the fonts to Comic Sans.
But guess what?
In July 2022, Dogecoin has a market cap of $8.8 billion while the Litecoin market cap is $4 billion.
How did that happen?
You could ask the same question about why memes on Facebook, Reddit, Twitter or other social media platforms regularly get more shares than serious, academic reports on current affairs or economics or similar.
Dogecoin has simply been a fun way to get into cryptocurrency investments – and that’s also made DOGE a top crypto for charitable causes, like building water wells in Kenya or sending the Jamaican bobsleigh team to the Winter Olympics.
Despite its stand out success, Dogecoin suffers from a major problem: inflation.
The way Dogecoin is mined means that around 4% of the total supply enters the market each year and there’s no way of stopping this without forking the code and changing it. At present, there are no plans to do so.
An inflationary token does not bode well for an investment. Bitcoin’s capped supply at 21 million is one of the main reasons why the value continues to increase in the price of Bitcoin.
But that also makes Bitcoin a bad asset to be used as a currency.
Who would readily buy day-to-day items with a currency that could double in value by the end of the year? Not many people. That’s why an inflationary token like Dogecoin actually has more potential to be used as a cryptocurrency the way they were originally intended – an alternative to fiat with a more or less stable value.
This vision has been endorsed by Elon Musk after he shut off Tesla’s acceptance of Bitcoin in favour of Dogecoin. DOGE can be used to fill up a Tesla and also to hail rides on the Las Vegas Loop system from Musk’s The Boring Company.
More day-to-day usage would undoubtedly take Dogecoin’s market cap of $8.8 billion far higher up the rankings from its current 10th spot.
Dogecoin top 5 prediction – January 2024.
