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The growth of Terra (LUNA) has proven that large players like Cardano (ADA) and Avalanche (AVAX) can be beaten – so will EverGrow Coin be the next top crypto to invest in this 2022?
Both Terra (LUNA) and EverGrow Coin are proving that advanced tokenomics can quickly unseat established cryptocurrencies. LUNA is currently outperforming every token in the crypto top 20 with 10% growth over the past seven days.
In the last 24 hours, however, EverGrow Coin has grown 3.9% – placing it well above Terra LUNA's 2.18% growth.
Crypto investor trends are showing a preference for tokens that combine strong fundamentals with ambitious mechanisms for making extra passive income from crypto. EverGrow Coin is currently leading the field of both reflection and hyper-deflationary tokens, and could well become top crypto this 2022.
EverGrow Coin charges a 14% transaction tax, with 8% distributed immediately as BUSD rewards to investors (the project has paid out over $36 million in just six months of operation). This has quickly made it a top reflection token on the Binance Smart Chain.
But the innovative crypto doesn't stop there. A 2% of the 14% tax is set aside to buy back EverGrow Coin on the crypto market and burn it, removing tokens permanently from the supply. The project has already burned 52.85% of its total token supply – this is more than the likes of Shiba Inu, which has burned 41.03% of the total supply.
EverGrow Coin has teased two new drops on its official Twitter, which will include the highly-anticipated NFT marketplace launching on the Binance Smart Chain. Analysts have tipped the marketplace to be a game-changer as it allows crypto lending against NFT assets as collateral – a first for the crypto industry.
Terra (LUNA) shot past Cardano's ADA token in the crypto rankings, according to CoinMarketCap. The market cap of Terra (LUNA) is nearly $2 billion more than Cardano already as it firmly establishes itself as the 8th biggest crypto token ($33.5 billion total market cap).
Terra (LUNA) previously shot past Avalanche's AVAX token, which has a market cap of $21 billion. The success of Terra (LUNA) is linked to the Terra network's stablecoin, TerraUSD (or (UST). UST flipped Binance USD this month to become the third-largest stablecoin in the crypto industry. The Terra ecosystem's groundbreaking Anchor protocol is partly behind UST's rise, as it offers returns as high as 20% APY.
During the last bullish cycle, Terra (LUNA) reached a price of $119 per coin – in doing so it became the only top 20 cryptos to post a new all-time high in 2022. It is currently trading at $95.38 as 2.53% outpaces Solana in 7th place in the crypto rankings (0.36% growth in the last 24 hours).
Disclaimer: The information posted in the article is for educational purpose only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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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.
