You are reading the article Lost Money On Shiba Inu? New Token Sees Bear Market Rewards updated in December 2023 on the website Katfastfood.com. We hope that the information we have shared is helpful to you. If you find the content interesting and meaningful, please share it with your friends and continue to follow and support us for the latest updates. Suggested January 2024 Lost Money On Shiba Inu? New Token Sees Bear Market Rewards
If you’ve lost any money on Shiba Inu, you’re not alone.
A massive 64% of Shiba Inu wallets are in the red right now, new data from IntoTheBlock shows. Some 7% of wallets are breaking even while only 28% are still making profits. Shiba Inu is the top crypto with the highest percentage of wallets losing money right now.
It compares drastically with tokens like Ethereum, where 57% of holders are making money right now.
But the evolution of the DeFi industry is also creating completely different investment movements. One of these – the EverGrow ecosystem – has discovered a way to artificially inflate prices even during the lows of a bear market. In the future, you will actually earn passive income regardless of price movements.
Here’s how it works.EverGrow burn funds enough to create ‘60 days of green candles’
When Shiba Inu investors burn SHIB, they send it to one of three burn wallets.
When EverGrow burns EGC, it’s a smart contract which buys EverGrow from a decentralised exchange (PancakeSwap) and sends it to the burn wallet. The difference is that EverGrow burning registers as a buy on price charts – that’s why it’s called ‘buyback and burn’.
Now imagine a scenario where the EverGrow smart contract could create 60 days of green candles during a bear market.
That’s the position EverGrow is in right now. EverGrow just launched a NFT marketplace (LunaSky) where 100% of all revenue is used to buyback and burn EverGrow. Alongside with sales of EverGrow NFTs, the marketplace raised over $250,000 for buyback and burn.
It doesn’t seem a lot compared to the $6.5 billion Shiba Inu market cap.
But EverGrow is a new token with just a $50 million market cap. Furthermore, Shiba Inu only burned around $8,000 worth of Shiba Inu throughout October. That’s why the EverGrow team predicted their burn funds will create 60 days of green candles – should trading volume otherwise remain exactly the same.EverGrow set to hit $1 in 20 years – Shiba Inu in over 55,000
Shiba Inu token burning is the lowest it’s been in 15 months. At the current rate (882 billion SHIB per month) it would take over 55,000 year until Shiba Inu burns through 589 trillion SHIB tokens and reduces the token supply to within range of a SHIB price of $1.
It’s a long wait. Meanwhile EverGrow is worth just $0.00000012 but on track for $1 within 20 years.
EverGrow burned through 2.5% of its total supply in the past 12 months. The burn address currently holds 53% of supply, so at this rate it would be within range of a $1 price within 19 years.How does EverGrow do it?
EverGrow charges a 14% transaction tax. Just 2% of this is used to buyback and burn EverGrow, but EGC buyback and burn will be ramped up from here on out by the LunaSky marketplace and an upcoming crypto-integrated social media and content subscription platform Crator (again, 100% of revenue used for buyback and burn).
The tax is high – but so is the potential. A majority 8% of the 14% transaction tax is sent to all holders in BUSD stablecoin rewards. When EGC burns have achieved their objective, the future objective is for EverGrow applications to pay all holders in BUSD from their revenue.
You're reading Lost Money On Shiba Inu? New Token Sees Bear Market Rewards
The Ethereum blockchain has emerged as the most versatile in the world with its large developer community and constant updates. The blockchain is also highly scalable and allows for high throughput. The Sandbox token and Shiba Inu are two projects that utilise the Ethereum blockchain and have emerged as successful in the market. We will look into the success of these tokens and what makes them special. We will also look into DogeMiyagi, a viral meme coin that is on presale and has caught the eye of investors for its Ethereum-based network.The Sandbox: A Decentralized Virtual World With NFTs And DAO Governance
The Sandbox project combines the powers of decentralised autonomous organisations (DAO) and non-fungible tokens (NFTs). This blockchain-based metaverse allows users to create, build, buy, and sell digital assets, creating a thriving gaming community within the virtual world.
Operating on the Ethereum blockchain, the Sandbox leverages the network’s strength to provide a secure and scalable platform for its community. The network’s SAND token performs as the governance token and allows holders to take part in the decision-making process in the network. Brands like Atari, Helix, and CryptoKitties have collaborated with the project, reflecting its potential.
The use of the Ethereum blockchain allows the network to be up to date with the blockchain’s regular update schedule. The network can also claim superior performance due to the blockchain’s use of staking instead of the power-hungry proof-of-work algorithm.Shiba Inu: The Rising Star In The Ethereum Ecosystem
Shiba Inu was launched to knock Dogecoin off its perch in the meme coin space. The project takes after Dogecoin and has a Shiba Inu dog as its mascot and also has a highly engaged community like Dogecoin. The network’s community is fundamental in expanding the token’s reach and in maintaining its value through times of volatility in the market.
Shiba Inu’s use of the Ethereum blockchain enables its ecosystem to run high-capacity dApps and DeFi projects. The SHIB ecosystem consists of the DEX called Shibaswap, an NFT marketplace called Shiboshis, and a metaverse called Shiberse.
Using the Ethereum blockchain enables the Shiba Inu network to have a high degree of decentralisation and high scalability, and top-grade security. The network is also energy efficient compared to its peers like Dogecoin.DogeMiyagi: The Meme Coin Powering NFTs On Ethereum Blockchain
DogeMiyagi, a viral meme coin in presale, has caught the attention of investors with its community-centred project. Being an ERC-20 token, DogeMiyagi relies on the robust infrastructure of the blockchain to ensure secure, high-volume transactions and smart contract functionality. DogeMiyagi aims to be a fully decentralised autonomous organisation (DAO) network after launch, giving its community the reins of the project.
The network’s $MIYAGI token will fuel its ecosystem, empowering users to participate in daily incentive schemes and stake their tokens for NFT rewards. The Ethereum blockchain backbone will make the network have high scalability and great utility, unlike many meme coins. The network will also have top-grade security and efficiency that the Ethereum blockchain provides, thus making it a top contender for the meme coin throne.
The Ethereum-based cryptocurrencies DogeMiyagi, The Sandbox, and Shiba Inu showcase the power and potential of building on the Ethereum blockchain. With their ecosystems and development models, these tokens offer investors exciting value in the crypto world.
Imagine if Shiba Inu hit $1 in the next bull market – and you got an ROI of 12,000,000%.
It means you could flip $10 today into over $1 million. You could flip $100 into over $12 million. That would likely be a sum of money to change your life forever, right?
It sounds crazy, too. But it’s not impossible.
Shiba Inu did it before. Vitalik Buterin burned 41% of the total Shiba Inu supply in May 2023, and the SHIB price pumped 40,000,000% between January and October. A lucky investment of just $100 could have become $40 million – and many Shiba Inu investors did get lucky.
But how likely is it for Shiba Inu to do the impossible once again?Shiba Inu won’t hit $1 for the next 120,000 years
Dramatic headline. But bear with us.
This is according to Shiba Burn Tracker. Burning tokens is the only way for Shiba Inu to get close to a $1 price, because otherwise it would need a market cap over $500 trillion – that’s bigger than all the world’s largest stocks + the world’s major annual GDPs all combined.
A $500 trillion market cap is impossible.
But burning through 500 trillion Shiba Inu tokens until the circulating supply is more equal to the market cap? That’s possible.
Except the Shiba Inu burn rate is the lowest investors have seen in 18 months. While 31 billion SHIB was destroyed in May this year, just 370 million has been destroyed in November. At this low rate it would take over 120,000 years until Shiba Inu is within range of $1 through burning SHIB.Enter EverGrow – burning 3,500x faster than Shiba Inu
EverGrow is a hyper-deflationary token. Which means it burns tokens just like Shiba Inu, but it makes the process automatic.
In fact, EverGrow is burning tokens 3,500x faster than Shiba Inu this November. Both Shiba Inu and EverGrow have an initial supply of 1 quadrillion – but while just 370 million SHIB have been destroyed, over 1.3 trillion EGC has been destroyed too.
EverGrow is on track to mimic what Vitalik Buterin did in one generous transaction, but make it automated, scalable, and possible to replicate again and again.EverGrow burning $500 every hour
Every time you buy or sell EverGrow, you pay a 14% tax, with 2% of this used to burn EverGrow tokens.
It’s a high tax – but hold on, because the ROI is worth it.
In November, the EverGrow team is not only burning with the tax, but also buying $500 of EverGrow every hour. Since November 9th this has destroyed 0.3% of the circulating EverGrow supply – and the hourly burn will keep going until at least the end of the year.How is EverGrow paying for this?
A further 2% of each EverGrow transaction is set aside to fund ecosystem development. In September, EverGrow launched an NFT marketplace – LunaSky – which was the first in crypto to send 100% of all revenue towards buying back and burning EverGrow.
More than $250,000 was raised in the first week of launch. These funds were deployed via a smart contract on November 9th to begin buying and burning $500 of EverGrow every hour.
While EverGrow burned 22 billion EGC tokens in October, it burned 1.3 trillion in under two weeks in November.
Anyone buying EverGrow in November will be expecting a significant price pump – probably before the end of the year. Holding onto EverGrow will see you earning Binance USD passive income (financed by a majority 8% of the 14% EverGrow tax) plus huge ROI when the price of EverGrow pumps after the token burning cycle has completed.
Introduction: Money Market
The money market is a financial market for short-term securities, such as treasury bills, and commercial papers. These markets are highly liquid and less risky which makes them very attractive for borrowers and lenders to access easy money. The success of a monetary market depends on various factors such as the participation of the rural population, the length, and breadth of the market system, the use of technology, and proper management of the system to keep it out of corruption.
Therefore, the creation of a successful money market is tough when there is a shortage of funds as well as aspirations of the population in the economy.Role of Money Market in India
The role of the money market in India can be discussed under the following categories:
Access to money for short-term borrowers
Money markets provide easy access to money for short-term borrowers, making it easier to borrow from markets at reasonable rates of interest.
Liquidity for economic growth
The instruments of the money market are highly liquid. They facilitate better management of liquidity by the authorities leading to better borrowing and lending which turns into better economic growth.
Money markets have numerous instruments to suit the diverse need of investors and borrowers. Investors can build a portfolio in money markets according to their risk and return requirements.
Economization of use of cash
Money markets contain various close substitutes of money but not actual money. Therefore, it economizes the uses and utilities of cash.
Demand and supply equilibrium
Money markets depend on the rational allocation of money and other resources while mobilizing savings into various investment channels. This helps in maintaining supply and demand equilibrium.
Monetary policy implementation
Central banks implement monetary policies and money markets help in the successful implementation of these policies. The money market aims at equidistribution of money to various sectors to increase the speed of economic growth.
Fulfilling financial requirements of the government:
Governments can fulfil their short-term monetary requirements through the use of treasury bills in the money markets.
Problems of Money Market in India
Following are the problems of the money market in India:
Shortages of Funds
Usually, there is a shortage of funds in the Indian Money Market due to various factors, such as low savings, inadequate banking facilities, lack of banking habits, the existence of a parallel economy, etc.
In the last free years, there has been a palpable increase in the funds of money markets due to various schemes introduced by the government. This has made money markets richer and more accessible too.
Existence of Unorganised Money Market
The unorganized sector is a major drawback of the Indian money market. The unorganized sector is out of the purview of the Reserve Bank of India. It is an exploitative sector that creates a debt trap for borrowers. Unorganized money markets are often available in rural areas where the organized sector is absent. The government of India is trying hard to contain this issue.
Delays in technological up-gradation
Upgradation of technology is a major requirement for the smooth functioning of money markets. However, this is absent in many places, especially rural areas in India. The absence of quick upgradation of money markets creates a backlog which is a major problem. India’s technological impetus is changing fast which can add immense value to the money markets.
Absence of Well Organized Banking Sector
There is an absence of a well-structured banking sector in India. The banking operations are concentrated in major cities and towns but rural areas are completely devoid of it. Such anomalies in demographic disparities create a bottleneck in the efficiency of money market operations.
No Uniformity in the rates of interest
There are too many types of interest rates in the Indian Money Market. The borrowing rates of the government, interest rates of co-operatives, and commercial banks, lending rates of financial institutions, etc., are all different from one another. A lack of mobility of funds from one section of the money market to another. Creates such disparities which is a reason for the inefficiency of the money market in India.
The seasonal fluctuation of money supply and high rate of interest from November to June is a particular feature of the Indian Money market. There is a wide fluctuation in the Indian money market in interest rates from one season to another. The money markets add money into the market during the busy season and withdraw funds during the seasons when there is a lack of investments.
Money Market Reforms Introduced in India
Following are the reforms introduced in the Indian Money Market:
Introduction of New Money Market Instruments
In order to widen the scope and diversify the Indian money market, the Reserve Bank of India has introduced many types of money market instruments such as 182-Day treasury bills, 364-day treasury bills, CDs, and CPs. These instruments help the government, commercial banks, financial institutions, and corporates to raise money via the money market.
Liquidity Adjustment Facility (LAF)
The Reserve Bank of India has introduced the LAF to adjust liquidity using repos and reverse repo rates. These rates are used to stabilize short-term interest rates or call rates. Repo rates are often revised by the RBI to keep the economy in a balanced state.
Deregulation of Interest Rates
The ceiling on the interest rates on call money and on interbank short-term deposits was removed and the rates were left to be decided by the market forces. Deregulation helps commercial banks borrow money at lesser rates and helps them avail of the benefits when the interest rates on their loans are high.
Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT)
Real Time Gross Settlement (RTGS) and National Electronic Fund Transfer (NEFT) were introduced as improved payment infrastructure. These digital systems help transfer money from one entity to another quickly and more transparently. They also improve the transfer4 system by removing the paperwork and too many checks made by banking authorities.
An electronic dealing system was introduced. Electronic payments are easy to initiate and process. Therefore, they remove the checkpoints and repeated interventions by humans which may lead to errors. Therefore, electronic dealings are free from random human errors.Conclusion
The Indian money market is going through a substantial change due to government intervention and corrective measures taken to revive it. Along with increased participation of both rural and urban populations, a measured thrust on technological upgradation is aimed to turn the money market richer and more efficiently.
India is progressing fast and its money market is getting increasingly wider. However, it has to expand more to be a palpable force to impact the growing economy positively. Therefore, the government is trying hard to increase the efficiency of the money market across the regions far and wide in the country.FAQs
Q1. Why is the money market important? Give two reasons.
Ans. The money market is important because it provides access to short-term securities that are very liquid in nature. People seeking to get cash can convert money market instruments to cash quickly without too many hardships. Money markets also offer possibilities for economic growth. That is why the money markets are so important.
Q2. Which organization oversees the organized money market?
Ans. The Reserve Bank of India (RBI) oversees the organized money market in India
Q3. How can the government raise money in the money market?
Ans. The government can raise money by offering Treasury bills in the money market.
The year is coming to an end! This means a lot of things, especially the fact that Christmas is coming soon. As a savvy crypto investor, some altcoins are worth keeping an eye on as the year comes to an end. Despite the fact that the cryptocurrency sector continues to struggle with the fallout from the FTX implosion, there are still a couple of cryptocurrencies that can make you some profit.
In light of this, some crypto enthusiast have reviewed three cryptocurrencies and examined their recent performance as well as significant recent developments. Crypto traders and investors should think about adding these cryptocurrencies to their watchlists: Cardano (ADA), Shiba Inu (SHIB), and newcomer Big Eyes Coin (BIG).Cardano (ADA) – Advanced Crypto
Cardano (ADA) is a smart contract platform and one of the largest cryptos out there. It is one of the safest solutions available in the market at the moment and is the first of its kind, peer-researched crypto technology. One of the most secure blockchain technologies is Cardano (ADA). It was also made to rival Ethereum and has, like Solana, been able to deliver a positive return ever since its introduction. It currently ranks among the top ten crypto tokens in terms of value.
In 2023, we expect to witness a favorable upswing in Cardano as the platform integrates new technology and builds its ecosystem. There will be more applications for the crypto token as more users join the network. Cardano will also be among the first to profit from the trend when the cryptocurrency market begins to rally in the upcoming year as experts predict.Shiba Inu (SHIB) – The Infamous Meme Coin
In August 2023, Ryoshi launched Shiba Inu (SHIB), the second-largest meme coin in the world. Despite the fact that 2023 was a challenging year for the entire cryptocurrency market, Shiba Inu was still able to maintain its popularity and prosperity.
Shiba Inu is a community-based alternative coin and as a result, the growth of the community is crucial to the coin’s viability. SHIB could be a great investment in 2023. You should consider SHIB at the present because the prices are low, if you are interested in meme coins and are aware of the market’s volatility.Presenting Big Eyes Coin (BIG)
Big Eyes Coin’s triumph comes at a difficult time for the whole crypto industry. Big Eyes Coin’s fan base is growing every day, and its members are already publicizing how well the initiative is doing. The Big Eyes Coin community has grown as a result of the project’s various utilities. Big Eyes Coin’s team supports a number of deserving causes as part of its mission to deliver vital human services all over the world. In some respects, Big Eyes Coin has been meeting this purpose during its continuing presale period.
The Big Eyes Coin project is being hosted on the Ethereum network to give consumers a fantastic experience as they explore its ecosystem. Technical issues like scalability, congestion, throughput, and security flaws plagued some existing blockchain projects. To avoid those issues on its platform, Big Eyes Coin selected the Ethereum network as its host. Additionally, Big Eyes Coin and all other projects on the Ethereum network benefit from services that have been improved. The successful Ethereum merge that took place a few weeks ago led to the optimization.
Furthermore, Big Eyes Coin is doing a bonus tokens giveaway, to benefit from the giveaway use the code: BIGG4688 when purchasing BIG tokens.To find out more about Big Eyes Coin (BIG), visit the links below:
A lot of people believe the rise of Shiba Inu was thanks to hitchhiking on the back of Dogecoin. “A surge in interest for Dogecoin drove traders to find the next big thing,” wrote Fortune about the Shiba Inu surge to a $14 billion market cap in May 2023. “Shiba Inu has obviously been due to Dogecoin’s success,” said David Hsiao, the CEO of Block Journal last year. There are many more who believe the Shiba Inu 2,405% spike within 72 hours by May 10 was down to Elon Musk’s appearance on Saturday Night Live on May 8 – and that alongside MuskEverGrow – a burn rate 12% higher than Shiba Inu
The Shiba Inu burn rate started life at 41.02% when Vitalik Buterin burned the majority of Shiba Inu tokens he had been sent in early 2023. Buterin didn’t want the ‘control’ of SHIB’s supply. So he burned most of it – and sent the rest to an India COVID-19 relief fund, as well as funded a PhD programme in artificial intelligence. Fast-forward to August 2023 and where do you think the Shiba Inu burn rate is at? According toWhat’s the difference between Shiba Inu and EverGrow burns?
Vitalik Buterin set the precedent for Shiba Inu burns. Which means, it was an altruistic burn done at a personal cost. All Shiba Inu burns since (worth $1.7 million at the current SHIB price) have been done either by investors destroying part of their own position or projects burning SHIB with a percentage of profits. This, of course, is all part of the Shiba Inu vision. The anonymous founder of Shiba Inu (Ryoshi) wanted the project to be an ‘experiment’ in decentralised community building. Vitalik Buterin continued that vision with charitable causes – but not every SHIB investor realises that. The majority of new Shiba Inu investors FOMOd in on the hype – and probably lost money. According to IntoTheBlock, 60% of Shiba Inu holders are in the red on their position at the current SHIB price ($0.000015). This is also because 68% of all holders bought SHIB in the past 12 months – and prices have been falling since October/November. These investors might be unwilling to burn their own portfolio. This is why EverGrow is interesting as an approach to crypto. EverGrow charges a transaction tax, and 2% of this tax goes towards buyback and burn. The funds collected from this taxWhen is EverGrow going to break out in price?
The EverGrow market cap is currently at $100 million. If you’re buying up EverGrow at the current price, the market cap only needs to hit $1.1 billion for a price hike of 1,000%. If the market cap hits the $14 billion market cap that Shiba Inu reached in May last year, it would mean a 13,900% return on investment. But, of course, the question is ‘when will this happen?’ A bull market will most likely be the deciding factor. But in the meantime EverGrow has a lot going on to draw in new investment and spread the project to more investors. Here’s what’s in store:
LunaSky. EverGrow will drop a new NFT marketplace in the next few weeks, which will aim to compete with leading Ethereum-based marketplaces. LunaSky is built on the BNB Chain. The project will be separate to EverGrow but all profits will be used to buyback even more $EGC tokens and burn them from supply.
Crator. EverGrow will then drop a content subscription platform – the world’s first to integrate fiat and crypto into a specifically content subscription style social media application. Commissions will be much lower than competitors like OnlyFans (5% vs OnlyFans’ 20%) and all profits will be put into buyback and burn.
With all of the above dropping before the end of 2023, there’s every chance that EverGrow will have its first major price rally before the year is out. From there on, it’s only a matter of time for the next bull market to send prices sky-rocketing. There are thousands of cryptocurrencies all aiming to be the next Shiba Inu. The problem is that hype only lasts for a certain amount of time – largely because investors buy into projects that have little utility and real-world value to carry them past 12 months, let alone 3, 5 or 10 years of solid growth. EverGrow is different. The project has already spiked 25% in the past week, while Bitcoin has fallen -1%.
A lot of people believe the rise of Shiba Inu was thanks to hitchhiking on the back of Dogecoin. “A surge in interest for Dogecoin drove traders to find the next big thing,” wrote Fortune about the Shiba Inu surge to a $14 billion market cap in May 2023. “Shiba Inu has obviously been due to Dogecoin’s success,” said David Hsiao, the CEO of Block Journal last year. There are many more who believe the Shiba Inu 2,405% spike within 72 hours by May 10 was down to Elon Musk’s appearance on Saturday Night Live on May 8 – and that alongside Musk tweeting about buying a Shiba Inu pup was enough to seal SHIB’s fate. The analysis is in part correct; but it’s not the whole story. What’s missing was the removal of 42.01% of the entire Shiba Inu supply from circulation in one transaction sometime around mid May last year. When the bull market came back around in October-November, the same trading volumes sent SHIB prices sky-rocketing to a new all-time high. By October 27th, the price of Shiba Inu had risen over 46,000,000% from January 1st. Thousands of meme-coins have flooded the crypto market attempting to make those kinds of returns again, but few have taken the tougher route of coin burning. Until EverGrow came along in September last year. If you’re serious about picking a small cap cryptocurrency with the potential for explosive returns of a Shiba Inu ilk, don’t get sidetracked by following the hype – you have to understand coin burns. You’ll learn everything you need to know in this article. Let’s jump chúng tôi Shiba Inu burn rate started life at 41.02% when Vitalik Buterin burned the majority of Shiba Inu tokens he had been sent in early 2023. Buterin didn’t want the ‘control’ of SHIB’s supply. So he burned most of it – and sent the rest to an India COVID-19 relief fund, as well as funded a PhD programme in artificial intelligence. Fast-forward to August 2023 and where do you think the Shiba Inu burn rate is at? According to chúng tôi , it’s up to 41.04%. In other words, despite hundreds of projects and thousands of SHIB tokens entering the burn wallet, the needle has moved just 0.02%. Enter EverGrow. The project only launched in September last year, and the burn rate is already 53.05% (according to burn wallet auditable on chúng tôi .) With the EverGrow market cap currently hovering around the same levels Shiba Inu was it before its explosion onto the scene in May last year ($100 million) EverGrow is well-prepared to follow the Shiba Inu trend.Vitalik Buterin set the precedent for Shiba Inu burns. Which means, it was an altruistic burn done at a personal cost. All Shiba Inu burns since (worth $1.7 million at the current SHIB price) have been done either by investors destroying part of their own position or projects burning SHIB with a percentage of profits. This, of course, is all part of the Shiba Inu vision. The anonymous founder of Shiba Inu (Ryoshi) wanted the project to be an ‘experiment’ in decentralised community building. Vitalik Buterin continued that vision with charitable causes – but not every SHIB investor realises that. The majority of new Shiba Inu investors FOMOd in on the hype – and probably lost money. According to IntoTheBlock, 60% of Shiba Inu holders are in the red on their position at the current SHIB price ($0.000015). This is also because 68% of all holders bought SHIB in the past 12 months – and prices have been falling since October/November. These investors might be unwilling to burn their own portfolio. This is why EverGrow is interesting as an approach to crypto. EverGrow charges a transaction tax, and 2% of this tax goes towards buyback and burn. The funds collected from this tax automatically perform regular burns – i.e. smart contracts buy up $EGC tokens and send them to the burn wallet. What it means is a burn process that’s not only automated, but also fair. Whales and small investors alike contribute the same percentage of their buys and sells to coin burns. Even if there is a large sell-off, investors can be rest assured that a portion of the outflow is kept back for an upcoming buyback and chúng tôi EverGrow market cap is currently at $100 million. If you’re buying up EverGrow at the current price, the market cap only needs to hit $1.1 billion for a price hike of 1,000%. If the market cap hits the $14 billion market cap that Shiba Inu reached in May last year, it would mean a 13,900% return on investment. But, of course, the question is ‘when will this happen?’ A bull market will most likely be the deciding factor. But in the meantime EverGrow has a lot going on to draw in new investment and spread the project to more investors. Here’s what’s in store:With all of the above dropping before the end of 2023, there’s every chance that EverGrow will have its first major price rally before the year is out. From there on, it’s only a matter of time for the next bull market to send prices sky-rocketing. There are thousands of cryptocurrencies all aiming to be the next Shiba Inu. The problem is that hype only lasts for a certain amount of time – largely because investors buy into projects that have little utility and real-world value to carry them past 12 months, let alone 3, 5 or 10 years of solid growth. EverGrow is different. The project has already spiked 25% in the past week, while Bitcoin has fallen -1%. Read up on the EverGrow white paper and get involved because this hot new token might just become the next Shiba Inu.
Update the detailed information about Lost Money On Shiba Inu? New Token Sees Bear Market Rewards on the Katfastfood.com website. We hope the article's content will meet your needs, and we will regularly update the information to provide you with the fastest and most accurate information. Have a great day!