Should be hodling Shiba Inu and EverGrow Coin?

No crypto investor has avoided the May 2022 market crash – with Shiba Inu down 27% EverGrow Coin down 30% in price

The two cryptos are leaders in their respective fields. Shiba Inu is one of the top meme coins, while EverGrow Coin is a top reflection token in the Binance ecosystem. Both cryptos saw price spikes in April after revealing innovative methods to make passive income for investors.

But after tanking in price, what should investors do?

According to the investment professionals behind EverGrow Coin all you need to do now is hold on – or 'hodl' in crypto speak.

Now is the time for EverGrow Coin investors to get richer 

It seems a paradox, but right now is an opportunity for investors with a long-term investment plan.

The EverGrow Coin chairman Sam Kelly has made a point of this in recent Tweets to discourage panic selling. This is because the current low price of EverGrow Coin means investors can get more EGC for their money than at any moment in the past six months.

A panic sell indicates two problems in an investment: firstly, the investor likely had not done enough research to trust in the long-term success of a project; secondly, the investment has not actually lost value until the moment when a sell order locks in that loss. 

These investment principles are what the experienced financial planners behind EverGrow Coin aim to encourage with the 14% transaction tax. The tax discourages rapid selling, but if an investor is adamant to sell then 8% of that tax is rewarded instantly in BUSD to every EverGrow Coin wallet holder according to the size of their holding.

To date, over $36 million has been rewarded as BUSD reflections to EverGrow Coin investors with the patience to hold on to their positions.

Reasons to keep holding Shiba Inu

Shiba Inu investors may have a hard time holding on as the Shiba Inu price falls to $0.00001535.

This is the lowest price for Shiba Inu since October last year – over six months ago. However, it's worth remembering how wider market conditions have created falling prices in nearly every cryptocurrency. This includes Bitcoin, Ethereum, Solana, Cardano, and more.

If you believe that Shiba Inu has a strong potential for the future, then selling your Shiba Inu right now will only lock in current losses.

According to nearly 30,000 votes on CoinMarketCap the price prediction for Shiba Inu is $0.00003009 by the end of May. Data shows that voters have been 60-98% accurate in estimations over the past six months.

A quick look at Shiba Inu projects – including the SHIB metaverse, the burntSHIB passive income mechanism, widespread merchant adoption, a Robinhood listing, and more – are all reasons why Shiba Inu has the potential to continue growing.

The question is: do you have the patience to keep on hodling?