Reasons Why Dogecoin and EverGrow Coin are Nearing Breakout

Dogecoin and EverGrow Coin are currently at some of their lowest prices all year

Dogecoin and EverGrow Coin are currently at some of their lowest prices all year – here are reasons why they're readying for a market breakout.

Dogecoin is currently trading at $0.135 and has seen a 3% growth in price in the last 24 hours. 

EverGrow Coin is currently trading at $0.0000004039. This is a slight 1% growth in EGC price today compared to yesterday. 

Why EverGrow Coin is ready for a price breakout

There are three main theories for an EverGrow Coin price breakout soon.

Firstly, EverGrow Coin has a modest market cap of around $200 million and is still a relatively unknown project. EverGrow Coin has nevertheless attracted attention as top crypto to watch in 2022 for its ambitious roadmap and unique tokenomics. The EverGrow Coin trading volume increased fivefold in mid-April right after it was listed on the DigiFinex crypto exchange suggesting that increased exposure led to rapid price rallies.

Secondly, EverGrow Coin is about to drop three key applications in its roadmap for Q2. These include an NFT marketplace on the Binance Smart Chain (LunaSky), a content subscription platform (Crator), and a crypto wallet. Once launched, these should increase the exposure and attraction of EverGrow Coin.

Thirdly, EverGrow Coin has partnered up with The Abstract metaverse to become its native token later this 2022. The Abstract is the first metaverse to cloud-stream virtual reality games and revolutionise at-home VR headset gaming. There is already a waiting list over 20,000 strong in the US and huge potential for when this launches in the summer.

3 reasons for a Dogecoin price breakout

Unless you've been living off-grid and growing your own clothes, you'll know that Elon Musk bought Twitter for $44 billion. 

This sparked a huge Dogecoin rally of over 30% earlier in April in the hours after Twitter announced its acceptance. But this is a taste of what's to come should Elon Musk integrate his 'favourite' crypto into the social media platform.

A second reason for a Dogecoin breakout is the 'falling wedge' price pattern analysts have picked out. This pattern hints at a bullish price outbreak. This could be as high as a $0.40 Dogecoin (190% above current prices) if this happens at the current Dogecoin price.

Lastly, Dogecoin is seeing increasing merchant adoption. The Dogecoin investor Bill Lee this week made the largest Dogecoin transaction in history to spend $600,000 worth of DOGE on the Aliens team in the Big3 basketball league set up by rapper Ice Cube. Aside from this, Gucci and the Camper & Nicholsons yacht-building company were among new businesses to announce the acceptance of Dogecoin payments this week.