According to a recent update by CoinMarketCap, the Dogecoin competitor also became one of the most viewed currencies and recorded more than 188 million views during the last 12 months beating those like ethereum and bitcoin. Another crypto going head to head with Shiba Inu is Evergrow Crypto (EGC). The crypto, which was launched 11 weeks ago, is making headlines due to its revolutionary smart contracts, which tax 8% from every transaction and reward its holders in stable, tangible income “BUSD”. Evergrow has more than 118,000 Token holders on the Binance chain and has distributed more than USD 30 Million in rewards.
According to Coingecko, Ever Grow crypto has gained more than 150,000% after its launch. Still, currently, it sits at only $345 Million market cap, which is relatively small compared to giants like Shiba Inu and Dogecoin, whose market cap is trading around $20 Billion at the time of writing. What sets EverGrow apart from other cryptocurrencies is its planned utilities explicitly developed to generate volume for its holders. EGC’s roadmap includes many exciting products in its ecosystem, like play-to-earn games and the NFT lending platform. The Play-to-earn games global market recently passed $8 Billion, and 2021 has been an excellent year for NFTs, with a few exclusive NFTs from artists like Beeple selling at $69 Million. The growing market creates a lack of liquidity for NFT owners, and even if the NFT are rising in value, they can access their capital till they sell their NFT ownership. The lending platform will allow NFT owners to borrow loans by keeping their NFTs as collateral to fulfill this gap.
Recently Dogecoin launched its roadmap for the first time since the project launch, and Shiba inu officially announced its new partnerships for creating their gaming metaverse. EverGrow also tweeted about plans to integrate their content subscription platform “Creator” with metaverse. The crater is a subscription-based platform integrating crypto and fiat where influencers can connect with their fans and sell their exclusive content or interact with them. The other utilities in EverGrow (EGC) pipelines are its wallet and centralized exchange, which will support token listing for reward-based currencies like EverGrow, which is considered the future of currencies in 2022 and is generating millions daily for exchanges like Uniswap and Pancakeswap. EverGrow also recently launched their decentralized swap exchange from where buyers can directly purchase EGC.
On Thursday, Shiba Inu was trading at $0.00003424 with a trading volume of over $1,035,443,259 in the past 24 hours. On launch, Shiba Inu’s total supply was one quadrillion Shiba Inu tokens. What fueled Shiba Inu’s growth is that 50 percent of its supply was sent to Vitalik Buterin, who co-founded Ethereum at 17. Vitalik then donated a majority of Shiba Inu’s supply towards an Indian Covid-19 relief fund, which attracted much media attention.